SSWC, this runt of the litter showed some amazing strength today.
High of day close with a lot of heavy handed ASSk slappage. Who doesn’t like a 57% gain in 1 day? This turd ended the day with a beautiful bullish candle on HEAVY volume. Buys outnumbered Sells about 2:1.
Click on continue reading to see where I think SSWC is headed.
From the trading action I have seen today, there are quite a few traders that bought in the high triple zero and .001 ranges. These traders aren’t going to hold for a measly 10% in my opinion. They probably want at least 25 – 50%. The message boards are going nuttier than a squirrel in a peanut butter factory over this one.
The RSI is in that “magic zone” that traders love (70′s). Watch out for any AM gap and traps and remember the 10% mental stop loss and never be afraid to take profits. Money in the bank is always better than money on paper.
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Disclosure: This corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in this stock. We reserve the right to buy or sell SSWC at any time after this post.
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