Monday, May 20, 2013

Metech Int - Dumping on Good News?


Metech Int just caught my attention. After selling off for a profit of $5000 on May 8th, the stock is currently traded at 0.02/0.021.

http://stockmarketmindgames.blogspot.sg/2013/05/metech-profits.html


There was a good news released on profit guidance released on SGX however ever since that trading halt on May 8th, 2013, the stock had been on a sell down! Why?? Why good news doesn't contribute to rising price? While many public would search for fundamentals and technicals, I would search for the BBs' intention which I think is much more important and solidify than anything else.


Look at the shares being sold down, the time was 9:30:33 on all. It was clearly either a robot or a sniper waiting to kill the public thinking that good news would give rise to rising price. Will the stock continue to trend down? We shall watch.

Ronald K - Market Psychologist - The Big Speculator