Thursday, May 10, 2018

Falcon Energy - Traded 1967 Lots

Falcon just lifted it's halt and proposed placement of 70 million new ordinary shares. The stock when halted, it was at the bottom but it possessed some very high risk since it's an ultra penny stock. At that point of time, there was no signal where the bottom would be and then all of a sudden, the stock started to appear in the Top Volume again on 8th May which prompted me to see this counter again. It used to be one of the hottest traded stock but the buying interest died off which to me is a signal of lower price to come.

My student traded a total of 1967 lots at 0.028 - 0.029 and the stock gap up today with this piece of good news. He did not long really at the bottom where collections took place but the observation of the Top Volume appearance was good enough to get the job done. Look to lock in profits.

Ronald K - Market Psychologist - A Stock Market Opportunist