TYM : Not a stock you want to be caught holding for the LT
February 24, 2011 Leave a comment
Not a stock we’ve ever noticed before, TYM has seen a bit of a ramp this week, but auction is advised for those still long and not in the know with the market maker, who even a blond man could have seen in action the past few days.
Never wise to allow cash to get stuck in stocks like this, and even worse if you entered for a quick punt but end up leaving as an ‘investment’.
The stock might have another go at 0.60 – with the clever money excepted to sell, and it could well end up at 0.55 or so by the end of the day.
It would need a big surge in volume and a quick breakout above 0.62 to change our mind that a correction will play out Friday.