This post is really an addendum to the one on what I look for in shorting candidates. Who knows why these late day spikes are so coordinated; just keep taking advantage of them while they happen. As per my short short watch list, here are NCT UMC RAS
This is what happened the last time NCT and RAS spiked:
History repeats itself tomorrow.
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2 comments:
This has been happening regularly,mostly on the financials now,there's no way really to catch them long near eod,they are too fast..but what I've been doing of late is shutting down altogether 20 mins before the close, and shorting 1-5 mins before the close on these spiker's when I see them (closing all positions I would have closed a few mins before(before this became apparent) except for the ones I know I'm overnighting
It is scary how these spikers revert back to yesterday's pps when they started the spike.
Don't know why but sure hope it keeps up..it almost seems unfair to play this angle...but hey!
History did repeat and I made money! Thanks for this wonderful tip.
RJ
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