Wednesday, March 19, 2014

Ezion - Short Coverings?




Like I mentioned not to short Ezion anymore yesterday, this counter starts to show signs of short coverings!

http://stockmarketmindgames.blogspot.sg/2014/03/ezion-sellers-emerged.html



It seemed as though sellers were starting to buy back the script to cover their shorts. At this present moment, the amount of supply is still humongous. I would still need to watch what happens the next few days. Will real buying emerge or more flushes to kill weak holders? We shall monitor. But for now, stop shorting temporary is the correct strategy.

Ronald K - Market Psychologist - The Big Speculator