Update: I finally got the link to the LiveStock episode to work…notice how I’m saying, “don’t short, don’t short, don’t short, when the stock was at $3″…I don’t have time to rewatch the whole thing, but I vaguely remember saying it could go to $4 or $5 before the run was over…am I just thinking that or did I say it, please let me know in the comments below!
With the stock up 116% today, amateur short sellers everywhere got squeezed today. Serves them right for they are an embarrassment to the strategy and deserve to lose…ignorance is not bliss.
Why is it up? Who is buying? What’s the news? Should we look at advanced technical analysis to see when is a good time to short? This is impossible, how is it doing this?!?!?!?
Those who have my instructional DVD packages, namely PennyStocking and PennyStocking Part Deux, know all these questions to be irrelevant…these trade setups DO happen…over and over again…99.9% of penny stock investors/traders are just too dumb to realize it…questions like those above simply add to the internet pollution that is the financial commentsphere….idiots chatting with idiots…none of whome have any great track record…like mine (yes, I am proud, but if you were real in an industry full of frauds and cowards, you’d be proud too)
My students, many of whom prove their success by inhabiting the leaderboard of Covestor, along side me at #1, have watched over 50 hours worth of my instructional DVDs and have learned that this pattern, its mutations and how and WHEN the “Supernova” ends. My students will bide their time, as they have learned to do, and wait for the right chart pattern to enter, long or short.
You can watch my weekly LiveStock show from today below and see what this veteran short seller thinks:
