Friday, April 12, 2013

Magnus - Buyers Trapped



One day after I unloaded Magnus right at the top at 0.048/0.049, the stock reacted awkwardly to 0.044/0.045 today.

http://stockmarketmindgames.blogspot.sg/2013/04/magnus-gunning-precision-unloading.html

Will it rebound from here? I don't know, but I got to watch very carefully if I would to take a long position. When things are obvious and clear, it actually isn't that simple. Yesterday, many buyers were trapped at the top and today they were hoping to get out of that vicious trapping. From the activity today, I believe they couldn't which resulted in cutting losses.

Ronald K - Market Psychologist - The Big Speculator