The Tee Intl good news released during lunch break today and the stock tried to run a little more further to 0.121/0.122 before I saw a block of 1668 lots at 0.122 where I knew it's impossible for the stock to climb further. I decided that that's the peak point and unloaded everything there. From there, the stock hang on for another good 30min - 1hour first before tumbling down to 0.114 closing.
If you study the buy/sell Q closely, you would see the way how this counter stacks and remove, also how the speed of biting up the shares and how the slowness in throwing down the stock for the past 3 days it showed hat the stock is strong. However on the reverse, when the news was released and suddenly a last min bull who bought on good news started to bite constantly, it's time to let go the stock since it had been running for the past 3 days. I have been trading Tee Intl for the past 2 weeks and I must say that it's pretty easy to read the buy/sell Q and the minute chart since the stock had been appearing in the Top Volume for the past 9 days. Moving to the next stock.
Ronald K - Market Psychologist - A Stock Market Opportunist
