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Trading BGMD

bgmd1This stock showed on radar on Dec 11th with volume and price spike (8M volume vs 50k daily average).  On Dec 12th it was a typical «gap-and-crap» scenario — 1M  volume on first 5m candle spiking to 4.40 shows that public is actively buying what is goung to be crap in a couple of hours.

Short from 4.30, added more at 3.90. Covered half @3.30, leaving some overnight. Next day (Dec 13th) the same scenario continues — the stock is being actively traded in first 30 minutes after open and we add more shorts @3.20 (yesterday’s support). Later during the day the stock finds support @2.80 so we cover with a nice profit.

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