Ready for the bounce!?At the close yesterday, I disclosed I had purchased a significant amount of VRX at $103 C
This is purely another demonstration of the power of TA when combined with highly manipulated stocks like VRX. VRX is under a magnificent short attack by experts and hedge funds.
I benefit from these by PLAYING THE BOUNCE on these highly oversold stock caused by investor panic. Timing is everything!
Today like the last bounce. I will be watching, I bought yesterday because it's better to buy a little early than miss the bounce! Bounces on these can be very violent.
Shorts do not want to carry this over the weekend. An army of bulls appear to be ready to jump on this stock at these oversold prices. VRX trades below liquidation pricing.
For me, just a big trade. My last bounce was on VRX at 5% gain intraday. Can't beat that! And it's going to be repeated today at VRX. WATCH Probably GREEN 2-3% at open and don't step away from the screen, limit coffee and restroom breaks!
I will be back after I sell. I'll sell when the charts tell me.