Tuesday, September 18, 2018

Rex Intl - Ripe for Short Sell?








Rex Intl just continue it's rise today to a high of 0.11 with so much buyers but I am skeptical because the rise was much of like selling. Inside the rising price, there were some selling going on and hence I am not comfortable going on. However this counter cannot be short sell because there were no scripts and hence the only way to short sell is to do naked shorting. The risk will be very high in case of trading halt and in case price ran up further and you might have to take a small loss or suffer bigger later. Whatever it is, it's the hottest stock right now but I am getting worried for the buyers because there wasn't much of an entry point but rather there were many chasing points. I will look to lock in profits and sell more than buy.

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Ronald K - Market Psychologist - A Stock Market Opportunist