SingMyanmar - Cut Loss

Just cut a loss in SingMyanmar with 200 lots because I saw one big block of sellers threw down 1 million shares while the stock was trying to climb. There is something not right and hence I have to go with the flow. I could be faster but there is some hope and hence suffered a 2 pip loss. It may rebound 1-2 pip later but well, I will fight another stock now. Moving on.

Ronald K - Market Psychologist - A Stock Market Opportunist

SingMyanmar - Coverage, Volume and Activity

On Jan 3rd 2017, an analyst report came out to initiate a buy for SingMyanmar. I saw and read that report and had attached it above. I am not so much into the fundamental news but I saw some last minute buyers whacking the stock up which made me think if the stock is still strong after some coverage. Indeed, the stock trended higher, however there was a problem, it was rising on unusual volume which pique my suspicion.

This morning, the stock hit a high of 0.64 with an amazingly high volume and then started tumbling during late trading hours. I saw the sellers volume and also the sellers are locking in temporary profits. The buy/sell Q in the market depth also started to flip where the answer was dead obvious. I wanted to short but there wasn't any scripts and hence left it out. It's ok, I will watch for the next turning point for now.



I had created a Singapore stock forum in Facebook. If you would like to join, can click the link below. Occasionally I will post some important stocks/alerts for trading there.

http://www.facebook.com/groups/stockmarketmindgames

Ronald K - Market Psychologist - A Stock Market Opportunist