SOLD CBMX after PUMPING IT......$3.66.......I also shorted this bloated "TURD" again :-). Hoping to be able to secure more short shares here higher tomorrow.
Sold "MGT" first thing this morning, but only got $4.00 on a little over 1,000 shares. The rest I got out at $3.96. Hope to see it drop back down at least into the 3.70's to buy back my 10,000 trading shares.
Mostly in CASH, as I'm looking for a stiff market correction soon.
I have been looking for a stiff correction too but it has yet to happen. All we get is 1-3% S&P correntions that last up to a week or 100 point down days that last a day or two let alone a stiff correction.
Don't get me wrong, I would like one to to buy the living sheet out of it. I went to 70% cash at the first tap of 1500 S&P late January from the 1350 level just 2 months prior and has sinced just watched with a deer in the headlight in utter amazment.
Some of these chinese stocks are ripping, VIPS making new highs again today and this HGSH rebounded very hard on volume from what looked like a flash crash several days ago. But after a 5000% run in 6 months it had to have been expected. How high is this HGSH going to go now?