We had been punting at DBS for the last week or so. Ever since the DBS bearish newsletter was sent out last week, DBS had been our favourite bearish setup stock for trading.
http://stockmarketmindgames.blogspot.sg/2015/07/dbs-newsletter-bearish-setup.html
Today DBS reported 2Q profits however the people started selling the stock. Why would a good piece of news contributed to a breakdown then? The stock market is not too much on news driven but rather supply and demand with BBs buying/selling. DBS's good news was released @ the top and from studying DBS, it has an exhausted gap up, followed by constant price rejection from the upper band, that was the signal to short DBS. Student made $1400, not bad for a day worth of job. :)
Ronald K - Market Psychologist - A Stock Market Opportunist
