Swiber just winded up their business and everything was closed down. It used to be a $6 stocks and after market closed yesterday, it was only worth $0.106. From the peak to the bottom, what a few sell down in just a mere 9 years.
Today the market reacted heavily with this news where the Marine and Oil stocks just gap down further. Study the Top Volume and you will see I had been staying out from oil stocks for a long long time and never touch any oil and marine related counters for now. With 2 sectors less, the SG market is really getting tougher and tougher. Embrace a new challenge in this market!
Picture and news source: http://www.businesstimes.com.sg/companies-markets/swiber-files-to-wind-up-directors-resign
Ronald K - Market Psychologist - A Stock Market Opportunist
