With the markets getting pummeled in this recession atmosphere will this be the best stock chart of the year?
I’m gonna go out on a limb and say that GOE I think that it certainly will be.
This stock is actually an ETN, which is I’m not really sure, but there was only 50,000 shares allowed to be traded per day. Can you say illiquid?? It was following the trend of gold at the time but I don’t think any stock has the right to go from 10 to 120 in a few days without some crazy “we saved the world” news.
Keep in mind this is on March 9th. Now look what it is at! This, my friends, is a chart of a short sellers dream. It is an example of the perfect pattern that is such a predictable short sell.
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