Friday, August 23, 2013

GEO Energy - Jim Rogers Cashed Out?



Did Jim Rogers and Team cashed out $$ during the pre-open market today which caused a huge gap down in Geo Energy at 9:00am from yesterday's closing? Now, there was a huge volume followed by a bullish open low close high closing yesterday, but why did it gap down today? Did the insiders know something that you don't, or can this be determined from yesterday's closing by itself? Why did Jim Rogers longed only 1700 lots at 0.355 and not more since he is a multi-billionaire? There must be something more than just buying and creating a breakout! I will explain this more with my students next week and of course during the preview. The answer and motive are pretty simple and it shall be a good learning subject. This example just solidifies my speculating experience with the market over the years!

Ronald K - Market Psychologist - The Big Speculator