I was bearish about Spackman yesterday when I posted in the afternoon. Yes the stock did rebounded just a little bit but as of now, sellers were still commanding the buyers.
http://stockmarketmindgames.blogspot.sg/2016/03/penny-stocking-with-ronald-k-live.html
In the short term, I am still bearish on this counter because there was just too much ongoing profit taking and distribution in the chart. We shall monitor what happens from here on. The buying was definitely weaker and more sellers may emerged soon.
Ronald K - Market Psychologist - A Stock Market Opportunist
