Monday, March 28, 2011

Cosco - The Gap


Cosco is my all time favourite singapore stocks. Why? Because the little generals in Cosco likes to use gaps as one of their maneuvers. Cosco displayed signs of irrational activity during this gap up which of course caught my attention. It tells me that there is about 70% of chance that it is due for a reaction. How deep will this reaction be? I don't know for the moment until i see certain evidences of buying/selling activity . I tried shorting Cosco today, however there wasn't any scripts from CityIndex, what a waste! On another note, i took a small lose on Yangzijiang last friday. I knew it would react, but still i took a loss because my psychological state of mind is playing mind games with me.

Ronald K