LOL! Now I blow fire.

Sreen shot of the trade detail for the last few minutes.



JCY was trading at 77 / 77.5 before 4.45.
Then the 77.5 queue disappeared (this is a norm - it happens a lot of a lot of stocks)
Then after 4.45, as usual the buy/sell bids starts flashing like a christmas tree.
When it all settled for the trading at last, buy bids at 78 sen was the call.
Which you see in the blue line 18000 transaction done at 0.78.
Now I would not conclude that this is ONE shark bite because any buyers who bid at 78 sen would be included in that 18000 transaction.
By the way if the screen shows 18000 it means 1800,000 shares only.
And because of this, this made the nice little hammer mentioned by Edwin.
Hammers are supposed to be good candles but instances like this, I feel that it is suspect or non conclusive.
That's my opinion and I could be wrong.

I did commented on JCY on Wednesday.
http://forum.lowyat.net/index.php?showtopi...20&p=55048018&#
Post #722.



Chart for JCY.

My chart reading could be lousy here but I don't see any conclusive sign that JCY will rebound soon despite its huge selldown.

I strongly feel that stale bulls is going to be a huge issue for JCY.
Repeating what I mentioned again on Wednesday, I see too many making the assumption that JCY had dropped too much.
They bought at 1.20.
They bought at 1.00
They bought at 0.90.
They bought at 0.80.
And every time, they buy, JCY ends up lower.
And they became forced investors.
Until the market weeds out all these forced investors/stale bulls, I doubt JCY will be able to make any significant rebound.
And what about confidence issue?
How many will still dare bet on JCY given the way it had been plunging since Aug?

My call is this is too risky a stock to bet on now.
You have to be a real good trader to trade such a stock.

You got 50% left.