Marcopolo had a super high volume today as the news just released with White knights bailing them out.
http://www.straitstimes.com/business/companies-markets/temasek-unit-mulls-over-uobs-stake-in-marco-polo-marine
The stock suddenly had a strong breakout at the bottom and the price rose 13.6% up today. I believe in the long run, there is something more towards bailing them out as the company is doing a restructuring and might be profitable in the coming years ahead. At this stage, I am not sure what the smart money is doing yet but till the moment arrived, I will be ready.
Ronald K -
Market Psychologist -
A Stock Market Opportunist
