QUOTE(andrewL @ Jul 29 2013, 11:08 PM)
hi, anyone know any reason behind the reason drop in JCY ?
Most stocks are consolidating its positions ahead of Raya (normal la, a lot want to have cash for Raya) and it's quite possible the sea of red and lackluster trading could continue.
For JCY, I last wrote:
QUOTE(Boon3 @ Jul 24 2013, 04:51 PM)
On the other hand, the observation that redtone consolidates after its quarterly earnings the past few quarterly earnings is spot on.
I do know this a fact ... since when redtone was below 40 sen.

JCY on the other hand is actually looking good.
It's just digesting its recent gains.
No stocks go straight up, its usually 2 steps forward 1 step backward.
(ps: me not on this one cos I don't understand its fundamentals.

)
The worrying thing for JCY is the the step backwards is worrying, esp the trade on last Friday.
Perhaps that was a sign to square of one's position and eat humble pie.

The only small positive one can draw from it is that the volume for the past 2 days has shrunk a lot. ( this is not a big positive cos sometimes when the stock continues to fall quite substantially, volume could suddenly gather momentum, indicating fear had probably struck a lot more nerves)