Friday, April 27, 2018

Valuetronics - Another 12% Drop Today

Just like what I mentioned and blogged about earlier where I am not sure if Valuetronics would rebound like Venture, the stock dropped another 12% today. From opening till now, the stock continued it's slide and continuously met by sellers after sellers.

It seemed like most tech stocks have difficulty climbing higher but then again on certain tech counters, it cannot be shorted. I am not sure how long it can go but it's risky to short now. Have to avoid tech stocks now.

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Update: 27/4/2018, 2:49pm

Venture rebounded from bottom now as per what I posted @ 1.56pm earlier on this post. It's indeed too risky to short as per my outlook.

Ronald K - Market Psychologist - A Stock Market Opportunist