Tuesday, June 11, 2019

AEM, Hi-P - Exploded Explosion

Heavy explosion in the tech stocks and continuing the streak from yesterday. The market today continued it's strength where buyers are taking up the shares at higher and even higher prices. The explosion is real but I think it's time to lock in profits and not try to catch the peak since the last wave is normally for retailers to chase. I viewed the market as a game of whole seller and retailers. Big players buy at whole sale price and mark up prices while retailers are chasing at retail high price to only realized the suffering later.

Today both tech stocks exuded super strength which contributed to a cob. With all the good news releasing from the US, the tech sector looks promising but short term wise, because of the exploded explosion today, I would look to lock in profits first and then re buy back again should the price comes down.

Update: 20/6/2019

From the day I sent a bullish whatsapp to now, Hi-P just rocket all the way up. :)

Ronald K - Market Psychologist - A Stock Market Opportunist