Dealing with Spikes for Trading Specs

I had a trading speculative stock (yeah, still  have a gambling streak in me) that spiked on Monday (9 July) for no apparant fundamental reason. Perhaps it was a short squeeze, or perhaps there is some fundamental news that’s not public-public yet. If its a squeeze, we should take the opportunity to sell out our position, but if its something fundamental then we should hold on.

Since we don’t know which is it, perhaps next time, we should take the middle path and just simply sell off 50% of our position.



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