MM2 had a beautiful breakout last Wednesday and suddenly all the buying activities waned down with the next day being a break down. It was during that time I realized that something went wrong but could not pin point what is it. Yesterday, the news was released and yes, their GV deal that were discussed back in May went down the hill. The stock then gap down yesterday with more sellers and I think I will stay out for this counter now. I will be having LIVE Trading later and see you all later. Tough market but there are always possibilities if we think positive.
https://vulcanpost.com/616522/mm2-golden-village-cinema-acquisition
http://www.businesstimes.com.sg/companies-markets/mm2-seller-responsible-for-obtaining-approval-that-held-back-golden-village-deal
Ronald K - Market Psychologist - A Stock Market Opportunist
