Recently, I have made a discovery on a catalist stock, which was one of the top 5 actively traded stocks last Friday- it is both a penny stock and a catalist. I am no speculator but it is interesting observing ,especially when this counter is getting oversold. Having a friend who plays pennies while I am on the contrary a long-term investor, he is a better guide at such trading practice.
He claimed that from the looks of it, there is still no bottom despite hitting its all-time lows. If its current price is its support, a rebound is going to make a trader profit handsomely in a matter of days. This is indeed a very risky play for a good piece of meat but who can be ascertain if there is really any meat?
He claimed that from the looks of it, there is still no bottom despite hitting its all-time lows. If its current price is its support, a rebound is going to make a trader profit handsomely in a matter of days. This is indeed a very risky play for a good piece of meat but who can be ascertain if there is really any meat?
The image speaks for itself and I believe speculators will be eyeing QT closely. If one reads into QT, it is actually a firm with a few years of earnings deficits and thus a ideal counter for quick in and out trading. From what I learnt, speculators play with charting while they do not give a damn about market news and conditions. It may be fun to watch.
-The writer/author of this blog does not accept any liabilities or
losses that arises from the writings/contents of this blog
-Any companies' names mentioned in this blog does not imply a
"Buy", "Hold" or "Sell" recommendation. They are
simply just for discussion purposes
No comments:
Post a Comment