There was a huge amount of scripts available for shorting Singtel last week. However, looking at today's selling pressure, the scripts to short sell became lesser and Singtel may bounce up anytime soon. From 3.99 to now 3.75, the stock suffered a 20 cents drop where I believe in the short term, I expect Singtel to have mini bounce up before more scripts is available for shorting again. Watch your positions if any!
Ronald K - Market Psychologist - A Stock Market Opportunist