Today, another news, Vard Holdings announced that there were big orders worth S$2.4 Billion dollars coming in for the company (the biggest orders the company ever received), however the price did not really reflect how big the orders were. The recent low for Vard was 76.5 cents and today it was trading at 84.5 cents. Now why with such a big contract and order did not drive Vard's price to the next level? Is the news that important? Are the orders and $$ the deciding factor for price jumps? Or was the main culprit the BBs who do not want to push the price up yet? In fact 5 days back, Vard gap down with a lot of sellers looking to liquidate, but why? Do you have an answer?
Well, whatever it was, the news is always laggard and lagging, the SMMG Club and family had already punted and book profits for this counter back in August - September where the big orders news was already factored into the price and $$ in our pocket is never wrong. I concluded that news, price, orders, contracts are all not important. The most important thing is when one can read the charts way before hand and time for the RUMORS' price and then sell on the NEWS' price, which was what we precisely achieved!
http://stockmarketmindgames.blogspot.sg/2013/08/thbev-mad-rush.html
http://stockmarketmindgames.blogspot.sg/2013/08/vard-sold-at-breakout.html
Ronald K - Market Psychologist - The Big Speculator
