Dow has broken below 16,000 pts yesterday and day before, but managed to close above that. 16,000 pts provide a short-term support for Dow. Let's hear what Fed Chair Janet Yellen has to comment tonight. See if she can come to our rescue. Anyway, Dow futures is up 71 pts now...
Now, you can guess why this counter was pushed down by the big players...to collect both the mother share and the new warrant low...anyway both have gone up now...
Dead cat bounce usually refers to a counter(eg usually penny stocks) in a prolonged downtrend(with no hope of recovery). Once in a while, it is played up by the syndicates. When this happens, it is called a dead-cat bounce.
Nobody knows what would happen tomorrow. No one is spared due to global market down turn. I do agree that the fundamental of Censof is still intact and therefore I am looking forward for the price to be rebounded to >RM0.6 and hopefully >RM0.7. Happy trading.
I still in higher price. Didn't buy to average down co klci rise so much. Really don't know Monday will How... i just hope censof reach back 0.640 then i can sell it..:)
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....
zzzzz
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Posted by zzzzz > 2014-10-16 22:05 | Report Abuse
My cost RM0.61