Having a good cup of coffee, seeing the whole market turned red and crumbled crazily from the high and it seemed as though the whole market is collapsing with fear where many investors and traders were dumping big time. Made penny stocks were also crushing down due to fear while those days of Gamestop moving stocks high up were gone. Nothing seemed to work right now but then I found a way out. I am a smooth operator and looking always to win the game. In fact, I am obsessed to win the game, nothing less.
The Dow Jones crashed -681 points while the Nasdaq was down -357 points which all signals to sellers market. The top volume stocks were mostly red but if you really see deep down, there are some valuable stocks to pick up. Traded Ocugen multiple times and in fact also traded this month on this counter since their pump and dump was so easy to predict. Ocugen pumped up the first time in the Feb period and then dumped down with shares offering. This month, the same tactics happened again where the stock got pumped up high and quickly at the peak, the insiders look to do the same thing which is share offering which caused the price to tank. Spotted these movements and profited handsomely from it.
Pump and dump stocks are speculative and risky to trade if you don't know what you are doing. However, the knowledge and skill to pick such stocks are pretty easy to uncover like spotting those gaps area on how the pump starts after a range. If you are a risk adverse trader, pump and dump stocks can make you rich in the shortest amount of time but if you are a conservative investor, I strongly suggest you avoid such stocks at all costs. For me, whatever it works and whatever that can make $$ and give me a win, I am willing to give it a try. This month May is a whirlwind so I will continue to find more of such stocks to make quick bucks.
