GS Holding - Profits Up $14,213

The market looks lackluster today with most stocks coming down. The Top Volume stocks were weak while only 1 or 2 stocks ran a little and that's about it. It could be reacting to the Dow Jones last Friday or it could be a lack of buyers day where sellers taking charge. Whatever the reason is, my positions in GS Holdings is still bearing larger fruits as the stock touched a high of 0.435. Currently, it's in some $14,213 profits and I might be looking to take profits soon.

Click to register for a Preview of my Trading Cheatsheet

To trade this counter effectively, one has to watch the chart carefully for signals of married deals or placements. In this case, it was the later which caused the price to run and combined together with the stellar profit guidance, the stock just shot through the roof. From the chart, there was no 18m shares done off married deals, so I presume it should be placement of shares out where some interest parties took up the shares off the market. It's always these small observation knowledge and minutia details which allowed me to pick the right stocks and profit from it.

Click to register for a Preview of my Trading Cheatsheet

Picture source: https://links.sgx.com/1.0.0/corporate-announcements/D7WA3XN2URKYXJOU/c495c7b909508ff49305d3ab943ba4e340e2fb57b4859d66aba79d44126d5b2a

Ronald K - Market Psychologist - A Stock Market Opportunist