Just as the name suggest! It’s a crazy pattern of a stock that continues to rise. It is not exactly the definition giving on Wikipedia but it is pretty much how I see it. KITE a stock that currently fits this definition. KITE went from about $30 to $74.85 in 3 months, that’s 150% return. Today I’ve decided to short the stock (take a position that will profit when the stock falls) My current entry is $71.98 as I type this I am up $1.20/share. I am going to hold this position until $69ish, but I want to be out by Friday.
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