NOL was a nightmare earlier during trading hours and it's one of the most trickiest stock ever in SGX. Not only does it like to flush retailers, it also like to perform some dirty tricks in the buy/sell Q. So yesterday I went long in NOL and knew that the rebound could not sustain which prompted me to book profits fast. Normally after profit taking, it shall followed by distribution before it crashed and so that's the case in NOL yesterday in the 5 min chart. On the daily chart, yesterday could be a Fake Breakout to trick retailers to go long where the BBs were just covering their shorts.
Whatever it was, I managed to enter and book profit fast with $2000 in just a mere 2 mins. The stock then suffered a heavy sell down today with so many sellers. The price collapsed to a low of 1.11 and sellers did not gave a chance for the buyers to recover. This is not the stock that I would look to play for now. So far, my NOL trades had yielded me $100,000 in both Cityindex CFDs and Phillip POEMS account. I am moving on to some other easier counters to punt. :)
http://stockmarketmindgames.blogspot.sg/2015/04/how-i-made-86000-in-3-contra-days-by.html
http://stockmarketmindgames.blogspot.sg/2015/04/nol-how-i-made-extra-11000-in-1-contra.html
http://stockmarketmindgames.blogspot.sg/2015/04/nol-vard-53-million-shares-traded-so-far.html
Ronald K - Market Psychologist - The Big Speculator
