SUMMARY
It seems many just "hate" Spread Coin (SPR). In my "Trading Nuggets"!, this is my #1 Criteria:
Buying what everyone hates alone can bring a double digit annual return because it largely prevents you from herding which is a profit killer and causes buy high sell low instances. This is closely linked to the #16 Nugget borrowed from the Oracle of Omaha: Be fearful when others are greedy and greedy when others are fearful.
The above are the reasons why I've laddered into Spreadcoin (SPR). The below chart contains the Technical Analysis to support my selection of SPR as a high impact trade. The large red C wave marks the bottom of the sizable A,B,C correction SPR has completed. A confirmation of a trend turn is an impulse set of waves and those are labeled with parenthesis white roman numerals i,ii,iii,iv,v. Elliott Wave states that after five waves, there is a requisite a,b,c retracement, except in this case, it looks to be a,b,c,d,e triangle. If so, and once complete, another set of impulse waves should at least take SPR to $0.60 or so. STOP is set at $0.312.
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