Wednesday, April 29, 2015

NOL - The South Sinking Ship

In fact yesterday, I also gave a short call on NOL as I believe this counter is currently under a heavy distribution mode where prices will start to tank. Most of our clients shorted yesterday at 1.18 and is currently in the profits. While many believe NOL is going to have merger or acquisition, the chart tells otherwise with weak buying at the top, implicating that the sellers will emerge soon which prompted me to give a short call. Congrats all who shorted. :)

Ronald K - Market Psychologist - The Big Speculator