Friday, May 12, 2017

Heeton - Selling Like Hot Cakes

Ever since I made a bearish blog post on Heeton on May 2nd, it had been on the selling mode and never once I saw any attempt from the buyers that they would support the price.

The selling continued and the stock just drifted away from the peak. The buyers in the past that used to support higher price all of a sudden disappeared and did not come back. I am not touching this stock for now because there are a lot of stale bulls looking to cut loss and a lot of sellers stacked up there. There are better counters than Heeton. :)

Ronald K - Market Psychologist - A Stock Market Opportunist