The good news on BBBY was just released 4 hours ago during trading hours where prices started to falter and tumble. The old adage is true and that's to buy on rumours and sell on news. When the stock price suddenly shot up strong and fast, it's a signal to traders to quickly sell your positions first and re-accessed the situation rather than holding on waiting for the good news to be released. Last evening was the best trade ever as I sold all my positions at 2.10am, right at the top prices when all of a suddenly, the Nasdaq got slammed down big time together with BBBY where prices dropped like 50% from the peak ($27.93 to $19.17). The question was how did I sold right at the very peak when the news wasn't released?
It had to do with spotting and detecting signs of hidden selling which is also dubbed as secret selling. Secret selling is a process where big whales are unloading positions bit by bit on the way up until they finished selling all their positions BEFORE conducting a massive sell down to accumulate more at lower wholesale prices. Look at the 5 minute chart and see the time I sold at 2.10am, prices started to tumble and I managed to take profits at the very peak prices by following these big whales secret selling and piggyback their stealth movements. Soon, the good news in BBBY was released which followed by a massive scary sell down in the Nasdaq which caused prices to tumbled really fast where so many traders had no time to react. I loved such trades because it's easy to detect those big whales' footprints while it's also easy to make astounding profits.
I will be holding a 1 time event on August 23rd for those who are interested to learn and know more. Register on the below link if you are interested.
