I just wanted to do a quick post on $DANG.

The focus this week on Tim's blogs has been about adapting to the market and using the "2-week rule". Well, $DANG has been a perfect example of a stock that I believe is a good trade to maximize on this mentality and can earn us 2-3$ a share.

$DANG is a Chinese security stock that is following the same exact pattern that it did last month during a promotional run up and crash. I spotted this stock through the chatroom which was easily forgotten about by other 'more exciting' plays. With the market changing I was taking some pretty significant loses when I decided to take to Tims advice and adapt to the market, and so I've shorted $DANG. This is the first time I've shorted and after studying Tim's HTMM DVD 6 and 7, $DANG looked like it was following the 7 step chart that Tim loves so much and it was on the verge of falling.

I've shorted $DANG at 10.57 (Average) and am looking to cover in the low 8$. Im up 1500$ on the first day of the fall and nailed the short. I 'Shoulda Coulda Woulda' shorted bigger as Tim would say, but hindsight is 20-20. I believe there are still profits to be made on this stock and that is why I'm posting.  I hope this blog finds anybody looking for a stock that is a bit higher than our under 5$ norms.

Cheers and happy trading.

 

-J