Quote of The Day "A truly strong person does not need the approval of others any more than a lion needs the approval of sheep." -- Vernon Howard |
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HPP Weekly
A new trade idea from my scans... Also happens to be 1 of my favorite chart patterns.
As always, make up your own mind and mind your risk no matter what you do.
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Microsemi
Meanwhile, back on the ranch...
"Federal prosecutors charged a vice president at Goldman Sachs Group Inc (GS.N) on Thursday with insider trading by illegally using non-public information about several companies that were clients of the investment bank.
Prosecutors accused Woojae “Steve” Jung of illegally trading ahead of announcements or reports of... Microsemi Corp’s (MSCC.F) proposed acquisition by Skyworks Solutions Inc (SWKS.O)...
Authorities said Jung’s scheme began in early 2015 and continued until the middle of 2017, when the SEC sought information from Goldman about which employees had access to confidential information about certain transactions."
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| I included this article and the details for 1 reason... To show you how unnecessary all of the illegal behavior was.
Here's a look at the chart... |
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| Had you traded it perfectly [which you wouldn't have] you would have made about 19% in 3 months.
Not a mint for sure, but string enough of them together, keep your losses small and you'd have a recipe for extreme compounding.
And you wouldn't be facing prison time.
KIS,
The Trader
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