Rex Intl just broke down 20% from yesterday to today. 20% dropped in 2 days is a lot of sellers taking profits while some shorting. The chart before it dropped was a gap up followed by some dull activity that lacked of buyers. Rex crossed 0.20 and from there on, the buyers withdrew and sellers came in to whack down the shares. Today's drop is severe but very soon, it might touched a temporary demand area first. It always wise not to chase stocks!
Ronald K -
Market Psychologist -
A Stock Market Opportunist
