$CRCM got an investment for google. The investment contended $46 Million dollars. The stock went from $8.5 to $11.8. Since it was an investment for google and a huge spike premarket the stock got on everybody’s radar. But the really question here is where to buy/sell?
You should not short a contract winner obviously. So I looked after a place to buy. I never buy straight at open, I want the stock to show me that he is worthy buying. When the stock made a floor at open I looked for the next bottom. When I saw that the stock made a higher low instead of a hitting previous low it was a perfect buy. I bought 11.33. I held it and was hoping for the stock to breakout. But after hitting the resistance 3 times I sold at 11.87. Gave me a safe 4%. Not a huge profit. But it is a very safe trade and I have a good chance for a spike. I can do over and over again.
Formula: Positive News+ Huge Spike+Dip= Profits