Well i had no idea it was going to crumble like it did. I knew it would probably fall from the $3.20 mark. The reason i shorted it there. And probably bottom out close to $3. The reason i covered. The big move even took me by surprise. That said i will continue to short on the next rally. Remember I am a very short term trader. A few days to a week tops. Making 5% on each trade, over a year mounts up to a lot of money. And sometimes I take many different trades in a day. From the ASX to the US markets (mainly penny stocks). Just one winning trade a day. Over 5 days. That is 30% a week. Now i am not saying i do that all the time. Just giving an example of how small profits can mount up to big gains.
SIR Price at posting:
$2.75 Sentiment: Sell Disclosure: Not Held
