So today Metech released a good news today that they would be removed from the SGX watchlist. However the price did not rebound! The real rally had already been materialized back in September this year. Now there is a difference between intrinsic and real value of the price. Everyone can hope and wait for the good news to be released, however it doesn't mean that once the news is released, the price would factor in with the news or they would be a rally/rebound. The old adage holds true, buy on rumors and sell on news. The most anticipated news was out, but the price remained at 0.023/0.024. What does it tell you? It tells you that Ronald K, loaded back in April and September on rumors and sold on September 26th on news! That's it! Yes there is still potential on this counter, however one needs to do swing trade/investment. Decide you want fast $$ or slow long dull period of investments. :)
http://stockmarketmindgames.blogspot.sg/2013/09/metech-int-ronald-k-great-plunger-for.html
Ronald K - Market Psychologist - The Big Speculator
