This is my first entry point. Endeavor IP Inc. (ENIP)
I am entering a buy order for market value at exactly 11:52 AM on Saturday March 7th. For the shown price of 0.0014
My Buy amount is 100,000 shares for a total price of $ 140.
I am hoping to turn a profit of roughly 20 - 30% come Monday/Tuesday of the coming week.
My reasons for entering into this trade are that ENIP is at a nearly all-time low, hitting what I believe to be a support level which will not be broken. It also demonstrates high volatility and overall I have a strong gut feeling that it will rebound to 0.0017 - 0.0018 during the next 3 to 5 days.
I will update this post during the next 3 - 5 days with my exit time and price, as well as the required screen shot.
Ok, I posted a sell at the above screenshots market price of $ 0.00170 at exactly 4:21 PM on Monday March 9th.
As I had hoped, I drew a rough 20% profit, on par with my gut instinct. I will however, be steering clear of this stock in the future as it is an unstable creature who most likely profited short term simply due to aggressive marketing.
No comments:
Post a Comment