Posted On: 02/24/2016 1:28:25 PM
Post# of 679
Some interesting commentary from Timothy Sykes on CELH
timothysykes
timothysykes - Feb 05, 9:51 AM
($1,188) loss CELH Long Stock
Entry comments: Bought this energy drink maker on a big dip off recent highs of 2.40ish, tons of support in the 1.80s, they just signed a big time new director of sales and they still have Rusell Simmons and Li Ka-Shing, the world's 17th richest man, as investors... if they ever sign the deal to get into Ka-Shing's retail empire in China this can double or triple so I'll give it some time and the goal is to make 30-50% in the coming weeks
Exit comments: Despite the overall market spiking, this one keeps dropping, my guess is some restricted stock became unrestricted so they're just selling big blocks...no idea when the selling will stop so I cut losses quickly before it turns into a big loss, rule #1 http://tim.ly/sykes117 back to being 100% cash and waiting for better opportunities!
http://profit.ly/ticker/CELH
timothysykes
timothysykes - Feb 05, 9:51 AM
($1,188) loss CELH Long Stock
Entry comments: Bought this energy drink maker on a big dip off recent highs of 2.40ish, tons of support in the 1.80s, they just signed a big time new director of sales and they still have Rusell Simmons and Li Ka-Shing, the world's 17th richest man, as investors... if they ever sign the deal to get into Ka-Shing's retail empire in China this can double or triple so I'll give it some time and the goal is to make 30-50% in the coming weeks
Exit comments: Despite the overall market spiking, this one keeps dropping, my guess is some restricted stock became unrestricted so they're just selling big blocks...no idea when the selling will stop so I cut losses quickly before it turns into a big loss, rule #1 http://tim.ly/sykes117 back to being 100% cash and waiting for better opportunities!
http://profit.ly/ticker/CELH
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