This is quite a rare event. If you ever experience "catching a falling knife", this is it! I hesitated to sell once the news is out so basically what you get is a +/- $1500 PROFIT TO LOSS on my portfolio.
Just like that! Thank goodness, I did not do that T+3 trade or else that would have burned a lot (the inside trader would have done so for sure) as the volume seems to pick up and max out prior to announcement.
without inside knowledge, it is really hard to win. But a good company and something that could before you know it will be back to $1.30 mark range. We can make a few cents just enough to keep us interested in the game while the real profit is made by the biggies...
I will have a hold position at the moment. who knows how low this will get before we get those headlines "up by 30%" ie. from $1 to $1.30 just enough to break even for most people who entered before the news broke up.
superox
superox
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