Today I personally got a front row seat to see exactly how powerful a pumped stock can be. I got into $FRTD at $0.044 for an intraday breakout (up %2 on the day). Well following my rules, I cut my loses at $.041 and went to sleep. I woke up to find the stock ran up to $0.078 (%75 gain). So by following my rules, I left $775 on the table. Well I logged into twitter and found the #wolfpack had pumped the stock and it just ripped right through .05 & .06.
Moral of the story: Never underestimate the power of a promoter.
Disclaimer: At the time of this post, I no longer hold a long or short position in the above mentioned securities. I may or may not re-enter a long or short position in the above mentioned securities without notice after the publishing of this blog post. I have never been compensated in any way for my mention of the above securities.
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