AusGroup: THE 38.9% reversal caught yesterday just below 0.060...... what did we manage to see that others don't.... now at 0.083

We have been shorting all along since a few weeks back….

When it broke the 0.100 specifically….….

From a high at 0.097 on 18^th  May 2016 (See email below) to a low of 0.047 a few days back……

That’s like a 51.2% GAIN on the DOWNSIDE if you have shorted too…..

I mean, why not, since the trend was down, why not just ride it….

But of course, we were ever ready to take profit, I mean PROTECT profits should anything change….

So yes it happened…..

When ?

2 days back...... Short positions were automatically covered on Tuesday…. 

At PTI program, you will know why exactly…... also why automatic....

But the thing it, we were NOT ONLY JUST getting out and taking profit covering SHORTS….. and going for tim sum at Tim Ho Wan….

………actually that sounds really nice ;) ….

BUT….….

We were also PREPARED to “CATCH THE REVERSAL IF” it did happen….

The word is “IF”….

It obviously did… ..

Yesterday was the reversal day indeed, an email call was issued in the morning to be prepared at 0.059….

That specific price action came….. it’s now at 0.083..

Yup, so it’s another 38.9% GAIN for the UPSIDE reversal……

The point I am driving at is NEVER get too attached or emotional to a stock….

Just follow it, just ride it, if certain conditions or criteria are met, and I mean REALLY specific ones……

then just execute it as per plan…..there is no need to “see how, I think”... bla bla bla…..

Down then up , or up then down…. Whatever…..

Just follow it, have a plan and execute……don’t need to think so much…..

But of course have a clear strategy for that plan of yours please…. :)

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Email calls issued previously:

Sent: Wednesday, June 08, 2016 3:57 PM
Subject: *********** AusGroup: Has hit next resistance at 0.070..... attemtping again... price 0.070

Sent: Wednesday, June 08, 2016 10:34 AM
Subject: *********** AusGroup: A Strong reversal signal yesterday, with some follow through today, can it continue ? price 0.059

Sent: Wednesday, June 01, 2016 4:14 PM
Subject: *********** AusGroup: Breakdown below 0.060 can see more selling.... price 0.057

Sent: Tuesday, May 24, 2016 10:20 AM
Subject: *********** AusGroup: Sell down to new low, price 0.067

Sent: Wednesday, May 18, 2016 9:26 AM
Subject: ************ AusGroup: A sell down below previous low can see more weakness, cautious long.... CFD SELL.... price 0.097