A reader asks: Ostin Technology Group Co( NASDAQ- OST)
I have invested in this volatile fund which is going up continuously, the company credentials are not perfect .
Is there inside trading with this stock or is it a lump and dump ‘one – as it sounds too
good to be true?
I have set up a target exit and am constantly
Watching it ?
Is this a scam ?
Thanks
Our response: I hadn’t come across this stock before your post, and I have to say that its performance has been impressive to say the least.
In fact, much more so than its underlying business of making components for LCD monitors in China would suggest is warranted.
Clearly, something else is going on here that the wider market is not privy to.
It sounds as though you are under no illusions about this one and are keeping a watching brief.
Whilst it’s going up on good volume, that’s probably the right way to be.
However, stocks like this have a nasty habit of reversing without much warning, so top slicing your position on the way up or taking out the original investment you put in, if you haven’t done so already, might also be worth considering.
This is not investment advice, always do your own research.
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