This is what I like to call smart buying with an intent to sell, bought some stocks at the lowest price of the day and by market close, the stocks are up already 7% on the first day alone. Taking the type of huge outstanding bids for this stock, it will not be surprising to see it gain 20% in the first week alone.
The stock am talking about is Linkage assurance. It was bought at 1.15 and it closed for the day at 1.26. Lets see what next week has to offer us.
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looking back at the original post of this topic, it is clear that the market sucked me in on this trade. as I am speaking now am seeing a 40% loss on the above trading position. The stock is selling for 0.51k now. My only consolation is that the units I bought are very little. We wait and see.
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