While Wee Hur broke out last Tues with high confirmation buying volume, I saw many retailers chasing the stock with high hopes of good news of higher prices to come. Many were using TA to look for an entry point in hope of not to miss out a good trade. The moment, I saw this common behaviour, I knew something was not right. Retailers were being sucked in to long while the BBs looked to lock in some profits first.
Wee Hur was a stock given on my blog FREE publicly on a Sunday evening with a bullish outlook followed on Monday with a confirmation of the stock warming up.
http://stockmarketmindgames.blogspot.sg/2014/07/wee-hur-undergoing-reactions.html
http://stockmarketmindgames.blogspot.sg/2014/07/wee-hur-action-warming-up.html
However when it broke out on Tuesday with gigantic buying activity, the table turned and it became a bearish counter in the short term. Most of my students have unloaded on Tuesday and locked in $$ while the public were unknowingly being sucked into going long thinking the stock is bullish with a major news coming out. What a cleverly setup maneuver by the BBs to lure the public in! After Tuesday's high volume breakout, the stock went on to suffer some reactions and went to a low of 0.39!! Almost the buying point of the breakout!! Of course, I went on to share the Wee Hur trade secrets to all my students and for those who attended that session, you knew the aftermath. :)
http://stockmarketmindgames.blogspot.sg/2014/07/wee-hur-winning-trade-records.html
http://stockmarketmindgames.blogspot.sg/2014/07/wee-hur-action-confirmed-started-bbs.html
http://stockmarketmindgames.blogspot.sg/2014/07/mirach-energy-wee-hur-artivision-tech.html
Ronald K - Market Psychologist - The Big Speculator
