Saturday, November 10, 2012

The Perfect Three and Out

At the market open on November 1, 2012, IPR Agency LLC began an uncompensated promotional campaign of WNYN. Shortly after, other promoters followed suit. The stock price rocketed from .01 to a high of .19 over the course of three days. On November 6th, the stock price gapped up above the previous close, and began to falter. This is where Timothy Sykes executed his short position. In under an hour, Timothy Sykes was able to lock in a profit of $2,357. guru Mark Croock was able to rake in $1,758 by executing a pair of trades in similar fashion. By November 8th, WNYN had fallen sharply, hitting an intraday low of .03.

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