I am studying this chart carefully and closely, Spackman, for more tell tale signs of Contra trading. Spackman had been a very healthy chart before it met sellers earlier this week. The chart has many turning points and my job is to look for those signs before making a decision to long. Penny stocks are risky and therefore one must really put in effort to analyze and study to avoid any unnecessary flush and sell down. I want to replicate what I did in Contel in Feb 2013 and NOL in April 2015 where my hit rate for contra trading was near 100%. I shall continue my work.
http://stockmarketmindgames.blogspot.sg/2013/10/contel-corp-zero-loss-contra-hit-rate.html
http://stockmarketmindgames.blogspot.sg/2015/05/sunday-times-k-is-for-making-killing.html
Ronald K - Market Psychologist - A Stock Market Opportunist
