ISR had rose so much these past 2 days, giving those who went long this counter an instant capital gain. As the stock kept rising, it then hit a major supply zone at 0.28-0.285 level where a short was then take at 0.275. It was dead obvious from the chart that there was profit taking followed by distribution and then more selling. Hence, since this whole process was within 3-4 hours and since a naked short was employed, profits have to be secured within intraday. 300 lots which means $6000 in 3 hours. More to come soon.
Ronald K - Market Psychologist - A Stock Market Opportunist
