PM Corp finally came out of its trading range, currently at 26.5/27 sen.
In the past 1.5 month, the shark drew a downtrend chart for him to collect. Hopefully, he is now drawing an uptrend chart for more people to play.
As I said, nothing is absolute. It all depends on the market sentiment and your willingness to buy high and sell higher. In the past, the shark's strategy was to collect low. Who knows, his strategy now might change to 'collect high and sell higher', like what you guys always say, you like to 'buy high and sell higher'.
Nobody knows exactly the real intention of the shark until the last card is dealt. It is always good to remain cautiously optimistic. A good judge would be if it can close and stay above 26 sen in the next few days.
For the prudent investors(with large exposure), this would be a better time to reduce your holdings, than say, during Dec.
Again, trade at your own risks! I do not have the privilege of a shark, but I like to study shark's behaviour.
Thanks afeefk. Support seems to come in a few times at 0.265 so this level is quite safe for now unless the 'very short term big player' changes his mind or strategy. I also started a little of swing-trading myself haha to join the fun. Not a recommendation to buy or sell in any way....
Ayeefk, no that's not me queueing at 0.265 haha... I did sell a little at 0.265 though hehe for my swing-trading. May be it's the shark again. He was so close this morning but retracted his buy queue support a bit too early when the price touched 0.275, wasn't he? Just my observation and speculation haha....
AYEEFK, YEA...OF COZ NO 1 CAN ANSWER UNLESS WE DO TEST THE MARKET...I ASK IN SUCH A WAY THAT ACTUALLY IS NOT A QUESTION BUT A HOPE THAT THE PRICE WILL SUSTAIN
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....
humbled
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Posted by humbled > 2014-01-15 09:22 | Report Abuse
The sharks have given us a good start today :)