kingsleyking
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NETE - Short

NASDAQ:NETE   NET ELEMENT INC
Pump and dump. The Stock started to crack after several up days. Shorted and covered. High risk for a morning gap up tomorrow so no overnight short position.
Looking back at the chart I can see that I was right about the high risk of a morning gap. When the stock is already down 50 %, it's the best case scenario.
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You say High risk...for what reason? Regards @BLawrenceM
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kingsleyking WallStScalper
When the stock have already crashed 50 % from the day high, there's a risk that it will bounce up. Not risking it with an overnight position.
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WallStScalper kingsleyking
Okay thanks!
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