Monday, February 25, 2019

Best World - Stock Crashed After Trading Halt





Best World, after trading halt started to gap down and then spiral down lower. I think something bad must have hit the stock and something serious might have happened or it would not have tumbled another 20% through half day of trading. See the news before it went halt.

http://stockmarketmindgames.blogspot.com/2019/02/best-world-stock-crashed-trading-halt.html



As of now, the stock kept suffering selling from 2.65 high to 2.06. The sellers were persistent and every time there was a rebound, the sellers took advantage to sell more while some other buyers who bought last week took a loss. The chart now looked super bearish and I am not sure if Best World can ever climb back up. But now, it's a stock in flurry stage and it's a stock to buy anymore. Trading wise is also very risky and hence staying out is the best. Results out after market tomorrow and might be it's strongest quarter where it may issue CD. Looking at it I am not sure too since I don't want to take a long trade with so much sellers.

https://www.businesstimes.com.sg/companies-markets/hot-stock-best-world-shares-plunge-as-much-as-258-as-trading-resumes

Ronald K - Market Psychologist - A Stock Market Opportunist