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jasetigerfan

1,189 Posts.

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19/12/16

22:40

Post #: 21446885
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Originally posted by bond00what ↑

i sold both near peak after riding all the way up from relisting. Im no gun trader but have seen the same thing many times before and what i was looking out for was:

-as soon as the MC hits 50mil its a red flag -50mil on a spec stock with no revenue is always a tough sell.
-watch the charts carefully once your on high alert!

-CR8 was solid hype all the way to 10c. Once it breached 100mil MC it was never going to stay there.
-i didnt sell cr8 straight off as the pullback candle on the 13th didnt close below the previous days low
-sold cr8 at 10c on the 2nd time it tried breaking it

-IAM traded a bit differently, but after the pullback candle closed below the low of the previous day (on the 15th) i sold on open on the 16th at 8c

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Bond just wondering where you got your MC calculations from... CR8 never went near 100 mill MC...
Now if it hit 17 cents that would be a different story... Good on you for exiting at 10 though...
2 Upvote

0 Great analysis

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