Wednesday, February 8, 2012
BUY VALV @ $1.18 - SOLD VALV @ $1.24
A reader by the name of Guy wrote a comment that I was able to read before the beginning bell this morning to ask what I thought of a stock called Shengkai Innovations Inc (VALV). It looked like a momentum play I could manage between everything thing else I do at work (yeah, right) so I bought some shares at $1.15, but most were at $1.18. Just minutes ago I sold my entire position at $1.24.
Some of the VALV's incredible 'fundamental' data that I was able to glean before attempting the flip are detailed on the chart using various colors.
I simply do not have time right now to decide just how legit this stock and its pricing, so I took a little 5% profit and politely said "thank you". And I would also like to say "thank you" to Guy.
Heck, if half of those numbers are real I should have held this thing until it reached $5.
My TSI trading record has been updated.