Those bought yesterday forced to sell at 2.5 sen as the buyers are not buying at 3 sen. Huge volume yesterday all waiting to unload....so the price is hard to move up.
@joel, ok we wait and see after T+4 which is Tuesday and see how that huge volume is translated into massive buying or selling. This is very important as we witness huge volume on the listing date but after that these 2 days the volume is very low. There is another 2 days to see how these huge volume will go and see if the contra players are forced to sell lower.
We really don't know but by Tuesday we will know. There are a 2 possibilities :=
1. Those bought at high price will pickup and further buy at lower price to average their stocks. 2. Those bought at high will start to cut loss and they will sell at whatever price since they don't want to pick up ( no money..just playing contra )
If there is more scenario 1 than 2, then the price will start to rebound higher and higher. If scenario 2 is higher than 1, then we will see the price free fall to lower and lower.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
orgkaya
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Posted by orgkaya > 2015-04-01 11:32 | Report Abuse
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