Friday, April 27, 2018

Valuetronics - Major Selling

After Venture sold down the past 5 days, yesterday was Valuetronics turn. The whole tech stocks are not moving in the direction we once used to see. There are many tech stocks in Singapore and I am sure there will be another one coming. The selling in Venture was scary but Valuetronics was even scarier with 16% drop in 1 day during trading hours yesterday. Today the stock tried to rebound but wasn't sparred as the sellers continued to sell down the stock fiercely as some bad news came out. Unlike Venture, I am not sure if this stock would rebound but it's risky to take a position for now. See how it goes later.

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Ronald K - Market Psychologist - A Stock Market Opportunist