Shorted Yzj Shipping SGD @ 1.59 and 1.57 with 400 lots and the stock gap down yesterday where it reached a low of 1.48. Locked in profits at multiple prices where the lowest was 1.49 and made a total profit of $30,000. This counter has some collections but it failed where the sellers took command and the stock did not have much support there after.
Yesterday, I believe it also announced that it has rights issue which was just perfect for a down price we see now. Yesterday was the day that the $30,000 profits was locked in but the shorts was done before way before yesterday's bad news. To be able to make good profits, one must be able to have foresight and see ahead of what's going to happen using the chart to aid in BBs movement. Look at the daily chart, the stock hit a very important heavy supply zone with sellers standing by to short sell and hence that's exactly what one should do, follow the BBs and short sell with them. I wil be sharing more on how to do short selling in my next Tuesday talk. My talk is almost full, once fully registered, I will close the registration.
Ronald K -
Market Psychologist -
A Stock Market Opportunist
