How to define a bear trap ?
If public bank selling to u @ RM7.30 n she faces a very strong resistance @ RM7.95 , after 3 attemps failed to break above RM 7.95, u called that a bear trap ? OMG !!! get yr facts right b4 u give such a silly statement !
What is bear trap ? bear trap is someone trying to create a bullish scenario on a lousy counter to attract newbies 4 buying their stocks at higher price so that they can sell it with huge profit !
They know it is a shit company, therefore they push it up n sell it to those who knows nothing about FA, this is what ppl called bear trap !
A money making, debt free , cash kow company will never be classified as bear trap stock if they r selling 2 u @ PE below 10 !
Bear trap usually happen on PN4 companies or stock that running at huge loss ! if u tell ppl dont buy PBB cos she failed to breakout d resistance @7.95 !! ha ha ha... i really salute u ! this is really a "call of d century "!!
May 14, 2008 5:27 PM
Extract from 'samgang.blogspot.com'
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