hisah wrote:Aguytrying wrote:It is no co-incidence that HFCK and STAN-LiB have let go of the 20.00 handle at the same time, This is PPT in action or inaction
I have flagged HFCK a couple of times. The all time high volume churned last Dec at 21 - 22 level. I continue to caution on financial stocks especially banks. It's picky season not bullish season. For HFCK critical support is clustered around 15. Will this be the britam of 2016? When the traded volumes across the index dropped significantly due to very weak demand..I stay off and now watching,waiting for the right moment.
Too much irrationality..weak demand=less traded volume=easily manipulated market
I believe the bear is yet to set in properly.Until some unimaginable prices print.
Any news about a stock (good or bad) and a stock is punished with irrationality
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”