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Acacia ($ACIA) IPO Breaks New Highs. Momentum Signals Show More Upside.

Acacia Communications was spotted on BotTrigger's momentum scanner yesterday crossing over it's IPO high. We issued an On-Watch signal for our Members. Today, BotTrigger issued a Buy Signal and we've went ahead and entered long due to a number of confluences that show this is the start of a healthy uptrend.

We will play it defensively from here but the momentum thrust from yesterday, and then today's price-action follow thru are all perfectly what you want to see, and ultimately part of how the Buy signal got triggered.

Some of the greatest pearls shared by Jesse Livermore:

“Money is made by sitting, not trading.”

“The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money everyday, as though they were working for regular wages.”

“Buy right, sit tight.”

“Nobody can catch all the fluctuations.”

“There is a time for all things, but I didn’t know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. Not many can always have adequate reasons for buying and selling stocks daily – or sufficient knowledge to make his play an intelligent play.”

“It takes time to make money.”

“Don’t give me timing, give me time.”

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