Thursday, November 24, 2016

Starhub - Liquidation or Panic Selling?

Starhub had been suffering a major sell down which looked like liquidation recently. If you really study carefully, it looked more like panic selling than liquidation. The stock, I believed is preparing for a high move up and hence longed 50 lots at 2.8 near the bottom earlier. Before the run, there was strong collections going on and thereafter the Starhub just took off. Swinging this trade until the trend bends.

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Ronald K - Market Psychologist - A Stock Market Opportunist