Monday, January 11, 2010

Tim Sykes' VRMLQ trade, Dec 30, 2009

Tim's previous VRMLQ trades were long trades joining well established rallies after they became well established. This trade is no exception. According to the data on Tim's site, the stock was bought at $26.50, sold at $27.60. Most likely the stock was bought the previous day. With the benefit of hindsight, this looks more like a multi-day short opportunity. My feeling so far is that instances of stocks going Supernova are impressive but rare, while corrections after spikes are commonplace.

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