I am very suspicious of the recent rally in most of the stocks and am only looking for shorting opportunities. One of the stocks that made me opened my eyes wide was Dyna-Mac. Not only this stock displayed weakness in it's recent rally, it had the properties of a "trap" move to lure the premature bulls. This recent rally tells me that the bull campaign for Dyna-Mac will be hitting at a price of 0.59 before it starts to react and nevertheless yesterday it did hit there and did not trend higher. Watch for the reaction to come!
http://www.sharejunction.com/sharejunction/listMessage.htm?topicId=9861&searchString=&msgbdName=Dyna-Mac%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20&topicTitle=Dyna-Mac%20-%20Get%20ready%20your%20bullets!
Update:
Dyna-Mac reacted today even though there were some outstanding statistics.
Proposed final cash dividend:S$0.02 / share
•Total annual dividend: S$18.6m
•Dividend yield
•5.7% (of IPO price of S$0.35)
•3.7% (of share price of S$0.54 @ 21 July 2011)
Ronald K
