Had coffee the other day and guided some traders and future rising traders to scan stocks and make $$ live. We scanned and I shared Grand Venture because the stock has some strong breakout. From the chart there was some long accumulation but what particularly interesting was the stock started to show signs of BBs buying. From very slow, illiquid to suddenly a huge breakout where it was obvious that the big buying took place.
As it moved higher and higher with good news or probably with economic factors, the company intrinsic value doesn't equate to the stock price. The price was high and it looked like the demand waned off a little where soon, I got my guys to take profits first. Well, it might move higher but taking profits and $$ in the pocket is never wrong. The price as of today is still strong and steady but trading an illiquid stock requires certain type of risk and hence we decided to sell. Coffee session is great because it's small concise and there were many gold mines shared with big profits. Looking to the next one!
