Today SALCON give new news, but SALCON then under selling pressure. SALCON news is the Ex-CEO of SPSETIA venturing into SALCON. they sold the water asset and prepare to venture into properties . I just hear-say (which is dangerous) , the CEO is SPSETIA leads SPSETIA to success, right ? After the announcement of the CEO leaving SPSETIA, the price of SPSETIA is in bearish zone. So I take it as CEO have a good managing skill , right ? I am not confirmed with the statement, please correct me if I am wrong.
*base on management, this will be a future gem*
If a CEO changes industry, feel is not a good sign. This makes me remember the former CEO of Enron Corporation, he kept changing company's business from this to that, until the company really got big problems. Switch from something into bricks and mortar company, and then from bricks and mortar into a broadband company, until bankrupt.
My super amateur chart reading. I forecast a cup and handle pattern will formed. Daily chart 72c is a resistance, Auto R/S 69.5c, this is TA .
Okay, CUP, BUTTERFLY ,CRAB not TA for me those are art , ok make it TA but I didn't see any cup with 1 leg I only see cup with 3 legs ancient Chinese cup , don't force to form a pattern, good chartists didn't use pattern like cup or crab . Many people like to force to form a pattern that are most killing part like the Yong km he force the PARKSON chart to form a CRAB but not .
I can feel that people cannot see market have correction ,when have correction he will think the world is going to end but when he see market is moving up then he will say he had buy in a lot, he is only a fling flog type . Not the matter of like or not was the matter you have to give a really solid reason to support what you said not only use MACD . Just like doctor will tell a guy you are going to die soon just because you didn't eat. Had said is nothing about right or wrong was all about point and figure chart to show don't talk with show nothing , when with good figrue and chart every one will accept that simple.
Thursday, September 12, 2013
