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vik0q
Aug 7, 2021 9:00 PM

RMO Long Long

Description

Look at the wick below 6.3, place a buy stop above after another wick confirms momentum I think that is the place.

Comment

I bought more shares, we got good news today.

Comment

Got stopped out :/ no squeeze, but may come to weekly low and then to the wick am talking about here.

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hitting the low I was expecting to be hit

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Terrible earnings...
Comments
mmyousef1988
i lost around half million in this stock since 2020, please take care of this stock and xl they have a very bad managment
vik0q
@mmyousef1988, got stoppped out :( again
vik0q
@mmyousef1988, Terrible earnings, am back to blue chip stocks, I was doing better.
vik0q
Good news today.

"Romeo Powers Secures Long-Term Battery Supply Deal With LG Energy Energy Solution"

I'll hold for a while the stock is cheap.
penxrp
dont really know what buy stop is. where would you limit buy in that area? would u set it at the tip of the wick?
vik0q
@penxrp, Well I have a limit order at the wick. and if the prices comes down I can make a buy stop above the price if we get momentum and goes up your order is grabbed.
Donnyboy123
@penxrp, You have to consider risk/reward. If you like the stock at 6.63 buy it. Waiting for 6.59 or 6.60 if you're buying 500 shares is pointless. Do the math. If you're buying blocks (10,000 & up) then trade it in secondary mkt. That being said, I like the stock, long 1,000 at 6.62, very bullish option flow. Let's see how this plays out.
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