Jumbo recent announced good news that their Q1 net profits rose and combined with Ron Sim's recent purchase, the stock should look strong.
However, something peculiar happened. Suddenly, Jumbo continued to suffer selling after selling and plummeting where today it reached a low of 0.7. It went below Ron Sim's purchase price and things are looking not right at the moment. The news is good but why did the stock tank? Something is brewing or could it be more low price for the BBs to accumulate more? I will uncover the initiatives from reading the chart. Shorted and made $3000 out of it. Small $ but not bad for contra. Stay tune.
Ronald K - Market Psychologist - A Stock Market Opportunist