Looking at the volume for the past 3 days, I think the trapped stale bulls could have cut loss.
The profit warning news was out on papers.
Most of them are aware of it, and dump it even before T+5.
Unlike the situation whereby it spikes up, and slowly coming down (without any bad news).
Those who are thinking of buying on pullback, slowly get trapped.
Given Dow closed 258 pts up on Fri, the selling pressure for Cosco could be lesser, especially when Hang Seng (which has broken out on Fri) gaps up on Mon.
Let's watch.
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