Yesterday , Wed 17 dec was a most interesting reversal day ...
will the kepcorp wrts turn green green , like up 50%-100% in a few contra days like in previous trades( click here ) ? when would we sell ? not yet, but soon .
as usual, will showcase some contra statements here when they are ready , hot from the students' ovens...
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The Dow & oil had been plunging non-stop since last friday 12 dec for 4 consecutive days and we had been riding this plunge with kepcorp put wrts( for more details of that ride , click here .and here)
for 2 past days, crude oil had busted past my month-long target price of $57 ( click here) from $72 to a low of $53.6 non-stop, seeming to break every support in sight and many pundits were extremely bearish - about the Dow and crude oil .
Every analyst I knew had by now revised their oil target downwards to the 40s and at the same time revised their kepcorp target to $6.
Years of tracking analyst market calls told me it's time to change tack if every analyst is finally converted to singing the same tune.
yesterday at 1100hrs I started to get short-term bullish signals on crude oil and kepcorp .
I also concluded that the Dow will turn green yesterday nite( a fomc nite ).
I also concluded that the Dow will turn green yesterday nite( a fomc nite ).
( see below bullish call to both student and freebee chat on kepcorp and dow & to buy some kepcorp call wrts )
What to buy if I am bullish - so I choose one nice cheap kepcorp wrt for the student and freebee chat to buy and bought they did to the max amount of warrants their credit limit could allow .
Last nite , the Dow rallied to close 288 points up and oil at one point rallied from $54.6 to $59 before dropping back .. ( see below)
This morning Kepcorp opened gap up 8c from yesterday close of $8.22 , then rallied to as high as $8.48. The warrants followed suit and was up > 20% at its peak.
One student was able to capture that brief ecstatic moment with a screenshot of his trading screen when the kepcorp warrant hit its peak at 10.1c up > 20% from 7-8c when we entered yesterday.( see below)
will the kepcorp wrts turn green green , like up 50%-100% in a few contra days like in previous trades( click here ) ? when would we sell ? not yet, but soon .
as usual, will showcase some contra statements here when they are ready , hot from the students' ovens...
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stay tuned for more updates ..better still join our freebee chat to get updates and calls live & interactive for free.
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