There are a lot of cool reasons why VRNG can shoot higher, but only one reason I care about, the technical reason.
Looking at the 20 day chart, the stock broke out of it’s symmetrical triangle pattern earlier in the week. Now that we got our re-test yesterday, the stock has the right to BTFO. For those that don’t know what BTFO means, make sure you check the ibc dictionary.
Here’s a look at the 20 day chart:
May or may not work, but I like the spot. Long here, stop under 3.40
3 Responses to Another Small Bomb: VRNG
Indeud. I’ve held this thing several days from 3.33, looking for a real move.
we should get it this week.
That reminds me, we need to come up with a definition of “fucked face” (currently used as a synonym for “fuckface”) and get it into the 2012-13 edition.
If it needs a more precise definition, how something like “n., burned retail IPO investor”, in reference to the fuckery fallout from Fuckerberg’s fucked-up $FB debut.