As Requested - Rational for ComfortDelGro's Plan
Rational for ComfortDelgro’s Plan
At Point (2) on opening, many overnight buyers will sell to take profit. This is technically known as “Graying the Opening”. Simultaneously, at the same point, our Punter friends will surely and secretly shorting it. The so called “Shorting the Gap”. So what happen? Supply spurred upwards. Of course, naturally price will sink. But, it’s all hidden!! If you are really an amateur, you will surely buy at (2A) due to “Greed” in hope of profit at (4). Sadly, it will drop and drop to (3A)! Beginners will due to “Fear” dump the share as it looks like nose driving to (3B). Thus, they will be nursing the wounds and scratching their heads in wonder!
Professional, on the other hand, will slowly and patiently wait for (3A)-technically called a “pull back”- also meaning: “show hand to buy “and take profit by selling at (5). That is to say changing hands – Strong hands take over from the weak hands!
At Point (2) on opening, many overnight buyers will sell to take profit. This is technically known as “Graying the Opening”. Simultaneously, at the same point, our Punter friends will surely and secretly shorting it. The so called “Shorting the Gap”. So what happen? Supply spurred upwards. Of course, naturally price will sink. But, it’s all hidden!! If you are really an amateur, you will surely buy at (2A) due to “Greed” in hope of profit at (4). Sadly, it will drop and drop to (3A)! Beginners will due to “Fear” dump the share as it looks like nose driving to (3B). Thus, they will be nursing the wounds and scratching their heads in wonder!
Professional, on the other hand, will slowly and patiently wait for (3A)-technically called a “pull back”- also meaning: “show hand to buy “and take profit by selling at (5). That is to say changing hands – Strong hands take over from the weak hands!
posted by SmartYInvestor at 10:53 AM
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