"So now that we've made your target of 30 are you sold out/going short?"
To be honest with you, yes. I sold out my last portion today at $30, thinking that a mini correction is warranted given VTSS's powerful 40% gain in less than a week. Keep in mind that, there is NO straight line on Wall Street. At some point, the market will change direction, which suddenly happened this afternoon. I actually went further by selling some shorts in high 29 range. Don't worry, this is just an extremely short term play. I will cover it tomorrow if it goes below $28 - which I think it might be the case the first thing tomorrow morning, sorry if this guess offends anyone. After that, I will start to go long again as soon as I see the market's temporary correction finishes. This mini correction will take couple days with DOW down 200 pts, NAZ down 60 pts. If it does happen, VTSS could trade back to $25 ~ $26 range. But no, I don't expect VTSS go back to $18.
Off topic, the small NANO continues going up as expected. Up another 4% today to as high as $6.75 (from $5 when I first recommended last Friday). My guess is that it will touch $7 tomorrow and get ready to welcome Thursday morning's release.
Good luck everyone.
MB
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