The latest insiders trades for IEV just revealed that the DIR/CEO went into selling their shares on March 15-16, @ 0.103 and 0.109. From the chart wise, it was plain obvious that the breakout was to create an impression that the stock was strong where in fact it was a maneuver for the BBs to lock in profits. From the profit taking in the minute chart, to the distribute, it was also obvious that the stock wasn't that strong which alerted my Team 0 to sell the stock when it went to a high of 0.111 yesterday.
I did not know that the insiders were selling until today I saw the latest insiders trade. Well, even though they were dumping, we still went in to long the shares because there was a flush in the 5 minute chart. Of course, I know the game plan is not to buy and hold for long term, but instead look to sell in rising price like what we did yesterday. The stock tumbled yesterday and we finished our trades. The rest was history. Looking forward to Monday with Team A for another wonderful trading session.
Workshop Date: 22nd March 2016, Time: 7.00pm to 9.00pm
Ronald K - Market Psychologist - A Stock Market Opportunist
