Patrick Stock Reading

Tuesday, July 26, 2011

City Spring

I do not read FA nor TA on this counter. I strongly belives (gut feeling) that this counter is going to be underwater, immediately after its right issue. Somehow I still went into one of it thread and cheer it.

OK, a quick look at the chart, Macd look positive (crossover), but it is not strong leh, one thing for sure weak volume. I think without it the price will not move much. If I didn't read wrongly, Temasek is still holding this counter. It is a concern because history may repeat itself.

If I had brought this counter, I will be actively monitoring it to sell even my profit is only 1$.

not vested