Thursday, April 27, 2017
4/27_MTBC, CCCR
Weak pull and MTBC started taking off so I cut it and decided to focus on MTBC.
nasty one! Made fresh new low, triggered SSR then put out a PR and squeezed all shorts hardcore!! It ran further than I expected especially during this type of sluggish market environment. Just unreal runup!!! Glad I saw relative volume+new low flush out longs but I didn't know they put out PR until saw AT09's tweet. $2 ends up the stuffing area but to be honest at this point it's very scared to short it. I wouldn't long b/c it settled around low $2's which tells me there is selling pressure preventing its upward momo. Was actually thinking to short $1.80s but no shares available for locate. Remember you always wantted to be a step later!!!!!!!!! Always wait for HOD tested and one more push before short!!!!!! this turd trades more than 10m shares at 10:30am!!!!! Always be late!! Rather miss than early!!!
Then it faded off further than everyone thought. I guess that's it for it! Tomorrow ideally $2 squeeze get short or no trade.
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