22 July 2013

Stocks that do not advance to new high after a rebound from recent sell off is a sign that it will go down further. Cliq and Thheavy are examples of this. I thought Cliq will follow through from 0.70 to its high of 0.85. it went up from 0.715 sharply to 0.768 2 trading days ago and i recommended a friend of mine to buy it. How wrong was I. Same goes to thheavy where my colleagues were so excited about on friday evening although this counter was at the highest price recently. It didn't move up further was a sign that the counter wasn't intended to move inline with our thought.  Cliq closed 0.74 lowest 0.725 while its warrant closed at 0.435, while thheavy closed at 0.91 and its warrant 0.48.

As I had planned, I sold off Redtone warrant first thing when market opened keying in 100lots sell order right before it opens and got done at 0.56. another 50lots were sold at the same price after I see that it does not have strength to move up. after a large block of purchasing queued at 0.555 was neutralised, I did not hesitate to sell my remaining shares there. Next, I turned my attention to TMCLife as there were not much buyers and it was unchanged after 10 over minutes. I sold 30lots there and followed by another 20 lots. It then went up to 0.425 and at that moment, I realised i will definitely be made to regret. Indeed, it went smoothly to o.44 right before lunch. It went up steadily to close at 0.46. I bought scomies at 9.15am after seeing my colleague bought the shares and was hopeful that he has news about the counter. He purchased it at 0.885 after it opened at 0.02 above the previous closing price of 0.865. it rolled to 0.895 where I bought 30 lots which proved to be wrong once again. It came down from there to 0.88. I sold 10 lots at that price. Shortly after that, it went straight to 0.87 without volume. After lunch, I sold all at 0.865. My last trade was the sale of uems. It stayed at 3.07 for much of the morning before going up to 3.11. I thought it would go further but was wrong. it went down after my colleague bought 35 lots at 3.10 to 3.07. i sold my 10 lots there. It stayed there for a while before went up to close at 3.10.    

earlier in the morning, mjperak went up from 0.38 to 0.40 where my colleague bought 50 lots. it went further to 0.415 where he sold his shares. it stayed at 0.42 until right before lunch. after it broke 0.425, my colleague again reentered the counter but it did not move much from there. Right after lunch, it ran up to 0.445 where another colleague of mine entered 50lots. from there, it came down to 0.43 but rolled up again to 0.445. about 1 hour before market closed, it retreated to 0.43 and closed at 0.42.  Inari went up strongly in the morning to 0.92 after opening at 0.87. it stayed there until after lunch where it moved further up to 0.94 where my colleague entered. it didn't move further up after that and closed at 0.92. Cuscapi stayed at 0.43 for the whole day but went up to 0.44 where it broke the previous high of 0.435 at 3pm. my colleague engaged the counter by entering 100lots there. it did not bulge and stayed there till closing. the other counter worth noting is prkcorp where it ran up 0.20 in the morning to stay at 2.80 the whole morning. after lunch, it went sharply to 2.99 at 3pm before coming down to close at 2.88.