jangseohee
Short

Can't wait to short this...

NASDAQ:YY   YY INC - AMERICAN DEPOSITARY SHARES
31 5 0
MACD & RSI both shown bearish divergence while price is making higher high...
so did you short the drop, just saw your chart today, hope you cashed.
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jangseohee claydoctor
:-) Yes i did like what Institutional Smart $$$ did, on the DOJI day, i shorted at 93 using options as it shot up quite fast, and reached 96.39 intraday high the next day, hence i incurred a loss first... but since MACD has given stern bearish divergence warning, i wasn't scare at all.
It all went my way on 10th Sept and within only 4 days, YY dropped 16 dollars...
I am cashing out 1 option contracts once trading starts, and i keep another one to see after retracing to 84, if bear flag formed, i might have more profits!
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claydoctor jangseohee
Nice :)
Reply
jangseohee claydoctor
I shorted AMKR, AXP, SKX, LYB also, all based on MACD or RSI bearish warning, again initially at a loss... I read a book from Al Brook saying even Institutional Player do not know "The EXACT" top/bottom, so they as long as their algorithm says higher chance that price has reach 98% top, they will short all the way until the price turn from TOP to bear... sort of averaging
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