Gents I'm keen to get some ideas on how did we all go with either actual/paper profit/lost so far?
I'll be frank and mentioned that I have just started trading this share 4 days ago. Have been shorting and long.
Total profit in FGE was a tidy $23K. Happy for the way to finish off 2013.
2013 was a great year for me, give me more of FGE in 2014 to trade and I will retire early.
Yesterday short at 20K @ $1.94 ave, bought back for a tidy profit - easy $10K yesterday.
Today bought 50K @ $1.67 at open (as it gaps up) and sold all, half parcel @ $1.87.
I've been trading for a while and love the vertical spike as will 100% spike back down - this is when I make most of my $$ from shorting a vertical spike.
I know there are others who's making a lot more. Happy to hear.
Just beware that a resistance is forming. Generally in an uptrend, it takes 2-3 days to exhaust all buyers before the shorters get an upper hand. I'm predicting the short is already in motion before you know it. Today's lower lows channel (11:30-13:30) is a sign of exhaustion. Just my thoughts.
cheers pcyc
FGE Price at posting:
$1.75 Sentiment: None Disclosure: Not Held