My initial analysis went wrong for Jumbo when I thought it was going to trend down lower. Here, I admit my mistakes and I have got a new analysis for Jumbo. After studying carefully on the minute charts and reading on various media and news, I find this stock has the potential to grow. However with that being said, one needs to hop in at the right timing for and uptrend. As of today the stock has been suffering selling and I expect the selling to continue further more before we see an uptrend.
picture source: http://www.jumboseafood.com.sg
http://www.straitstimes.com/business/companies-markets/temasek-unit-osim-founder-said-to-join-in-ipo-of-chili-crab-king-jumbo
http://www.straitstimes.com/business/companies-markets/singapore-chilli-crab-king-jumbo-groups-ipo-surges-in-trading-debut
Checking the latest insiders' trade, it revealed that Temasek Holdings has went long @ 0.34 and Ron Sim @ 0.32 which is a good sign for the company. Recently, Temasek had sold NOL and made a loss of 1 billion dollars which means that it doesn't mean that if Temasek is buying Jumbo, then Jumbo should be a good investment. It only meant from this point of view is Jumbo had some strong backing from influential supporters.
http://statestimesreview.com/2015/12/07/temasek-holdings-made-billion-dollar-losses-after-selling-nol/
I will be watching this stock and chart closely and get ready to hop in at the right time. If you are interested to know more or follow me, do come for my Saturday's workshop. Register below:
Ronald K - Market Psychologist - A Stock Market Opportunist
