There is a saying that sometimes everything falls in place just at the right time and results in a very profitable opportunity. Luck favours a good setup
Twitter was a down and out stock last Friday. Here's how I described the stock in my weekend notes (Point # 10)-
Then, following happened - Microsoft acquired LinkedIn at lofty valuations and as if this was not good enough - Today, Twitter announced that it has bought $70 million stake in SoundCloud. The Impact is quite visible on charts -
The lesson is very simple: If you believe in a stock, that is down and out - keep tracking it on charts and someday - the chart will look juicy and can throw up an attractive opportunity. Obviously, never underestimate the factor of luck.
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers