Off your game?
Read our free, updated as of Mar 3, 2022, Dr K report on how to optimize your mind and body so you can boost your focus when trading the markets.
Meet Dr K !
Chris Kacher
  • Nuclear physicist
  • Stock & crypto market wizard
  • Blockchain builder
  • Bestselling author
  • Top 40 charted musician
  • Biohacker
  • Former computer hacker
Your email will always remain private.

Pocket Pivot Review - WB follow-up

Chinese social networking platform WB had another pocket pivot. We reported on this stock on November 25. As we have suggested many times, it is better to wait to buy on constructive weakness. For example, WB had a low volume "voodoo" pullback for a few days leading up to December 11. It could have been bought around then instead of on the pocket pivot day.

On another point, for those who bought WB either on the first pocket pivot report or on any of the "voodoo" days that followed, today could be a good day to take at least partial profits since the stock is sticking straight up relative to the chart and to the action of the general market. The after-hours market can be used to sell if you did not already do so. 

Of course, some may have a different style and prefer to add to their position on a day like today. But given the general tone of the markets over the last couple of years, it has been better to take profits when you have them in context with the stock's chart and general market environment.

This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
Copyright ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing.
All Rights Reserved.
privacy policy