MM2 released another set of good results today but the stock price kept coming down. Could it be real that sell on news is the right thing to do? Or could it be buy on rumors is the right strategy to trade the market? Personally for me, I prefer to trade on high probability before any news is out because the risk is reduced and the rewards is so much higher. Click and see all the good news released below.
https://www.theedgesingapore.com/mm2-posts-2q-earnings-more-double-460-mil
https://www.theedgesingapore.com/cathay-cinemas-set-stage-sustainable-growth-mm2-asia
https://www.theedgesingapore.com/mm2-asia-option-agreement-acquire-cathay-cineplexes
With so many good news, the price should rise right? Unfortunately, it went the reverse with price coming down and sellers mounting. The stock market is a game of emotion where you need to buy at hidden buying and flushes before anyone else and sell at excitement for profits. The news is important but not so important, you know what I mean?
Ronald K - Market Psychologist - A Stock Market Opportunist
