Case Study : POPI

Dear Students, Dissect and Digest.

This is how the trade was Executed.

(If I remember correctly)

POPI

4.21.2015 - 5.14.2015

Set my Trail Stop at 1.12 Darvas.

But as soon as I saw the red flag on that possible bull trap,

I decided TO BE the confirmation than to WAIT for it.

Ahhh.. So that's how King Geoffrey felt.

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Update 6.19.2015

After a breakout from that 1.28, 

POPI zoomed up to as high as 1.59

whipsawing a lot of traders along the way.

Currently, that 1.28 Level is the current line in the sand 

for TF players. Swingers would have their supports 

pegged at 1.42.

Ideal scenario next week for this baby is to gap this up at

the open just 1-3 flucs higher and hold that 1.47 line.

Another scenario would be to flush out all the weaklings

up to 1.42 support (preferably higher) then close this at 

1.47 or higher.

Whatever the case, RSI 70 in the daily must hold if we'd 

like to see another action pumped week for POPI.

If it holds, expect a 2-4 days consolidation

before the next upsurge.

If it doesn't move by then. Be afraid.

Be very afraid.

Smells like PWR/BHI/PHES/APM/IS play all over again.

I wish I had this kind of capital during those days.

Sweet.

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Update 6.25.2015

Came so close to another 1M for this month.

Too bad bulls and buying pressure weakened. 

Just an intraday snapshot 'at the highs' current port is lower than this. 

So today's close looks like a potential 'top' for this run.

If we want this money making machine to continue printing 

us more money, we should (ideally) let it rest for a while. 

I hate consolidations. But what's a few weeks of waiting 

for an awesome run right?

If I were the market maker hired to draw POPI, I'd be establishing

 supports at 1.73-1.61 before blasting this off to the 2.xx levels 

and distributing my next batch of shares.

Hopefully these levels hold.

I was able to take a screenshot of this 'event' earlier.

Market makers trying to have a 'big buyer's presence' felt.

The funny thing about this trap is that those small fishes and 

shrimps think that UBS or whoever it is, is on THEIR side - that

This big foreign buyer won't sell at a loss. EVER. Well wrong. 

Coz you never know if UBS is just one of King's many alter egos.