This mornings activity illustrates once again how so many investors are buying the trade and not the story.
Stock goes to 5.5c only to be sold back down to 4.9c.
Crazy stuff.
The hot money in the market these days is unprecedented.
So many day traders who are all trying to make a quick buck and most of them will never make the big kill because they are never around long enough to go for the ride.
Those that make the most money are those that buy into a good story and do nothing. Wait for it to unfold.
A perfect example is MNW. How many people would have traded that stock going up each day but missed out on the big profits compared to those that bought at 10c and sat and did nothing.
CGP Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held
