Wednesday, December 14, 2016

Sino Grandness - Circuit Breaker an Gap Down

The circuit breaker in Sino Grandness on August 1st was the first time Sino experienced almost a 25% sell down in a few minutes. That day, the company experienced some bad news where the stock just reacted with the bad news and tanked. The good news was we shorted before the tank happened and all of us made $. Click and see the below posts.

Today, the stock gap down further with virtually no buyers at all. Since that circuit breaker day, the just rebounded a little more before we see a heavy down fall consistently over the next few weeks with today's drop as the most detrimental. When people asked me how do I think about Sino, my answer is trade other counters better. So today my answer is still the same, there are other better counters for trading.

Ronald K - Market Psychologist - A Stock Market Opportunist