Friday, December 27, 2013

OEL - Panic Public Slaughtering

Made a call to book some profits earlier at 11:52am when I discovered some hidden selling in OEL earlier. I knew it was time to sell some shares in OEL in order to book some profits so as not to suffer reactions later. The final push to 131/132 was a trick maneuvered by the BBs to lure public into long where the BBs would look to short sell there for a fast punt. Morale of story is when public look optimistic and want to go for long, look to book profits. When public is pessimistic and look to sell, look to long at the correct timing.

Ronald K - Market Psychologist - The Big Speculator