Just when I thought Yangzijiang after the short covering and lacked of buyers would move the stock lower, the stock had no profit taking with a gap up in the 5 min chart which consisted of a ws and started to move higher. Longed 0.91 200 lots and sold at 0.96 for $10,000 today for some good contra profits. It's still the No 1 stock almost 3/4 of the day and the stock was rising like 12.2% today. I knew the risk about trading this stock and hence did not plan to hold over the weekend just in case of any suspension. Longed this counter because of the lacked of profit taking in the 5 minute chart while some buyers came in and the stock kept trending higher. Sell on rising price will always be my strategy.
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Ronald K - Market Psychologist - A Stock Market Opportunist
