Again - this stick crossed my radar back at 1.7 cents -
it's very easy to see which traders have been caught in the hype paying an exorbitant amount per each share (I.e upwards of 3.5 cents)
Having been watching this stock from 1.7 cents means that I can safely guesstimate when a good entry is versus when someone like fx is 'pumping the stock'
Noting the VWAP of 9SP yesterday was at 3/3.1 an entree point of 2.8 was relatively safe today.
Selling at 2.9 yielded a nice return.
I still have my parcel from 1.7 cents (1M units - $17k investment) which I'm holding out for the US Tier 1 Banking deal to drop
With all the speculation occurring and swings in the SP, this is a day traders paradise and why would I not make the most of the opportunity that presents itself !
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