Look it's good to have an open mind to all possibilities in my opinion.
However, it's relatively simple to spot the selling into an announcement and get out if that is required.
Weakness is seen in up bars and the following bars. If the volume doubles or triples and the price doesn't go anywhere, you can bet it's selling and then take the appropriate action as per your rules, your plan.
The biggest problem most people in the market is failing to act, failing to sell at or near the top of a run and failing to buy at or near at the bottom, however when you get wrong footed you must act. Don't hold a losing hand. People on here that held through the $2.50 highs 3 months ago are still telling themselves they did the right thing, it will soon be $3.00. Now it may well be but it could also be $1 and at some point they will have to act.
As they say best way to make 1 million on the markets is to start with 2 million.
SPL Price at posting:
$1.69 Sentiment: None Disclosure: Not Held
