Friday, December 26, 2014

Geo Energy - Indonesian Big Buyer Whacking?

As weekend is coming and the post Christmas period looms, the Singapore market is just lack of trading activity. Of course, there were some stocks moving but the movements were not huge enough to cause any jump in price. However there was this one stock that caught my attention and that was Geo Energy. The time and sales revealed that there was this one buyer who whacked 1000 lots without the lots being truncated. It could be an Indonesian buyer taking advantage of dirt cheap prices in Geo for accumulating purposes. Whatever it is, I will be watching the follow through and subsequent hidden buying activity if any. :)

Ronald K - Market Psychologist - The Big Speculator