Noticed that whenever the HK index raised this stock would traded side way or with a downward bias. The greater the index points increased....the worst is for this stock.
Then....it "hit" me to realise that this stock is still consider a "penny stock" or
3rd-liner stock. And the present theme in HK is to play the top-liners which is reflected by the index raise. On Wed and Fri, the HK index shot-up by over 300+ points and on both days....this SMIC went "south" towards the close on smaller volume. But on Thu, when the index was down....this stock was quite steady and in fact closed up with good volume too.
I shall keep this observation for next week....esp this stock.
Hopefully will put in actual trades what I learned about this stock this week.
ReplyDeleteIf that is right....then I should be able to make back whatever I lost this week easily and soon too just trading this stock alone!
Guessed this baby whale is still on learning mode hahaha!
ReplyDelete