$OCLS Trade Review - Shorting PR Breakdowns | Bulls on Wall Street

$OCLS Trade Review – Shorting PR Breakdowns

Here is a trade we did last week in $OCLS. We do this type of short often after a press release causes a stock to go up into the stratosphere. $OCLS was one of those stocks that was up 200%+.  We actually tried the stock long for a minute and when it didn’t hold we immediately flipped it to a short. Once we saw the way the stock was acting and how it couldn’t hold any pops, the bias goes from the long side to the downside and we can scale into the stock for the big rip.

If you have any questions, I’m always here to help out! Email me – kunal@bullsonwallstreet.com

4 thoughts on “$OCLS Trade Review – Shorting PR Breakdowns”

  1. when you say you should have rode the stock a little more, would you only scale out if the chart was having more pullbacks than the steady decline it was experiencing?

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