Sunday, October 11, 2009

Tim Sykes' GBVP trade Oct 7, 2009

GVBP chart SEC suspended trading in GBVP on Sept 23, 2009 till 11:59 pm Oct 6, 2009, see their press release. On the TimothySykes.com web site, this profitable trade is assigned to Oct 7, thus the short position was covered the first business day on which the trading was resumed. It is amazing that the stock jumped up on that day. The stock is said to be sold at $0.27 which most likely occured on Oct 21. At that point, the technical trend was well established. Again a red candle coupled with a spike in the volume on Oct 16 signalled a trend break down.

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