With the overall market sentiments biased towards the bullish side, Innopac and Oceanus are currently in a sell down capitulation mode. In the case of Oceanus, there was rights issue and for Innopac I strongly believe the Merlin Stakeholders are cashing out however all these are the fundamentals.
Mindfully, the BBs for both stocks had conducted fake breakouts to lure the public in and bilked them from making profits.
See the fake breakout for Oceanus: http://stockmarketmindgames.blogspot.sg/2013/06/oceanus-fake-breakouts.html
As for Innopac, I was able to unload 400 lots at the breakout at 0.22, however at the very same day I was also greed and hope which I longed back another 1000 lots at 0.225 and cut loss at 0.2. The day I cut loss, I knew I was spot on again or I would suffer major reactions which would eventually wipe out my capital.
http://stockmarketmindgames.blogspot.sg/2013/04/innopac-4k-fast-punt.html
http://stockmarketmindgames.blogspot.sg/2013/05/innopac-chasing-at-breakouts.html
http://stockmarketmindgames.blogspot.sg/2013/05/innopac-merlin-stakeholders-cashing-out.html
Morale of story, never chase and be greedy. If you missed a breakout, move on to find another stock that haven't breakout. That would serve as an better opportunity than chasing then cutting losses.
Ronald K - Market Psychologist - The Big Speculator
