Monday, August 6, 2018

Hi-P - A Win

Such a good win in Hi-P as this student of mine shorted at 1.25 and took profits at 1.04 with 20 lots and $4200 profits. Although Cityindex doesn't have scripts to short this counter, still other platform has it and since AEM, Sunningdale and other tech stocks were coming down, it's only wise to look to short sell this counter since it's weak with bad earnings.

The chart has some wb and distribution before the bad earnings report released and hence it's wise not to touch this counter for now since the direction is pretty tricky to predict. I am pleased to see this one good record and looking forward to the next trade.

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Ronald K - Market Psychologist - A Stock Market Opportunist