Wednesday, July 8, 2015

QT Vascular - Trading Halt with Gap Down



QT Vascular currently had a gap down after a trading halt. Before the trading halt, there was no obvious buying from the BBs but in fact more hidden selling where sellers could not contain the buyers. I am not so sure what the trading halt is all about but I do know one thing, the buying was weak which signals bad omen for the stock. Do not touch any penny counters now as first it's not a penny season but more importantly, the overall big market is experiencing a big down shift. Don't buy on a falling knife. Only buy when the knife had touched the floor at the right time.

Ronald K - Market Psychologist - A Stock Market Opportunist