A classical “pump-and-dump” campaign, sucking in buyers for the smart money to unload their profitable longs, and leaving many punters trapped in their losing positions when they buy on greed and exuberance. Smart traders would have shorted as the big boys were cashing out (red arrow), and there is still more downside to go. I will be holding these shorts for a bit more profit.
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[…] This is follow-up on Geo Energy Resources which we posted back in April, regarding our short trade. https://synapsetrading.com/2013/04/penny-punting-with-behavioral-analysis-geo-energy-resources/ […]
[…] https://synapsetrading.com/2013/04/straits-times-index-how-i-predicted-the-breakout/ https://synapsetrading.com/2013/04/penny-punting-with-behavioral-analysis-geo-energy-resources/ […]
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