Wednesday, October 17, 2012

When 'hot stocks' no longer hot

Here are just few 'hot stocks' which was playing on some news and fizzling out .... will they continue to go lower ... or bottoming?

JCY : Still in strong downtrend ... selling seems to subside but I will certain won't move in just yet. Unisem shown some activities today ... and perhaps the sector is bottoming out?

Oldtown : Downtrending ... checking 1.70 levels next.

Padini : Support at 1.80 should not broken, otherwise ... koyak. Many started to wonder if the fundamental in tact as some competitors might eat up their pie.



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