Tuesday, September 5, 2017

Comfort Delgro - Triggered Cut Loss




Sent out a Whatsapp alert last Wednesday when I thought Comfort Delgro was indeed in collections but then the collections did not perform and started tanking where it triggered our cut loss. The whole market was selling like hot cakes yesterday and hence Comfort Delgro was also not sparred. I won't say I made a mistake on this counter but the stock did not act accordingly to what I thought and so have to cut loss. Moreover, some bad news was also released to cause more fear on this counter where there was panicky sell down to a low of 2.21 before closing at 2.24. Moving on to another counter.

Ronald K - Market Psychologist - A Stock Market Opportunist