Wednesday, December 31, 2008

Cosco - stale bulls in the net

Cosco 311208 intraday
Cosco shot above $1.00 yesterday, caught all the stale bulls in the net and came down.
These bulls' feeling must be real bad now.
(These syndicates seemed like they know of the profit warning one day before, pushed up to distribute. The retail investors thought it was a breakout. All jumped in and join in the ramp-up)

10.3m of shares were done at $1.03 alone.
That was real big compare to the past few days volume.
I think Cosco is now a short into strength counter, given so many stale bulls supporting you.
CFD will have no scripts soon.
1st support at $0.97.
Next are $0.95 and $0.93

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