My favorite chart formation, hard to come around. I am not greedy, I will just take 30% gain and walk away.
What goes up without pull back must come down real hard.
desperate? more like I am excited to find the rare gem. Everyone holding oln thinks the way you do. They will start selling when this thing stops going up. insider is holding less than 1% of outstanding. When institutions start taking profits there won't be any profits left for you to take. Probably, you didn't sell cause it didn't go down. OLN has very unhealthy chart pattern. I am under water less than 1% on OLN but I have over 95% track records.
Good luck, and don't get stuck in the massive stop losses.
50% vertical rally without gap, without healthy pull back. without steady sustainable chart historical pattern..... that leads to one thing, everyone will be dumping oln at the same time. It will come.....losing months of gains in a few trading sessions. Why not profit from mindless free loaders?
Danger of stocks rising without pull back, you can lose months of gains in just a few trading days. You need casino discipline, cash your chips and walk away without looking back.
Probably, this company sells pills for instant AIDS cure, but still vertical rally can not sustain. Pull up the chart, history never lies. Some things happen lightening fast, but others take time to build up chain of motion. It is a matter of time, not if. We are heading back to low 20's.
1. GPRO is just a hardware company.
2.Nasdaq will reverse without hitting all time high. (Even if Nasdaq hits all time high there won't be few trading days of massive momentum buying.
3.It is safe to short GPRO because this stock has been under performing the market last several days.( Market efficiency is just a theory)
4. Prelude of 14% rally upon lockup expiration means nothing.
5.Stock market is just a gamble.
Heading back to $55 first.
Nice and easy....
Shorts are the worst enemy among themselves.
65% of outstanding float being shorted for one purpose, never seen before...
Millions of people are waiting on the sideline for lockup thing. It can pop 24% single day after opening.
Go ask FB doubters.
Last August GPRO broke out in mid 40's. Now we are exactly where it was with all bubble removed. Massive shorts are looking for payout day, lockup expiration opening.
Smart money knows GPRO is not just a hardware company. This is one of the biggest social media, software company. What a bargain! It wouldn't surprise me to see 24% pop tomorrow.
Sell on the hopes and dreams and cover at the facts!
Only blinded gamblers would buy stocks right before earnings report, no sympathy from me. I patiently waited and bought the stock @avg 43.08. I will be selling at 60, probably you will be tempted to buy at 65 LOL!!!