Yesterday, I tried to scalp the market using DryShips Inc (DRYS) as my conduit. I established a large position at $4.77 and was hoping to exit my position at $4.90, thus making a couple hundred dollars. Well that was the plan, however the stock traded in a very tight range and really did not make a move in either direction. I maintained my position going into the weekend and I am hoping the stock has some nice upward momentum on the Tuesday open.
2 comments:
Recommend you consider S (Sprint)
I have noticed that when it goes to 2.30 or under it bounces up to 2.50-to 2.80 within 3 days or so--
last week i bought it at 2.23 and sold 3 days later on Friday at 2.80But careful at the moment as earnings are reported in a week
Thanks for your input. I will check it out. I first started scalping stocks such as BCON and ACPW, however it got really nerve racking trading stocks that dipped under $1. However, 200% returns in less than a week were very nice.
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