Sunday, September 4, 2016

Sembcorp Marine - Goodbye, I Will Miss You

Gone were the hay days for Sembcorp Marine. The stock had it's share fair of run from 2004-2007 and the another one from 2009-2012. History tells us that what goes up must come down and hence after multiple profit takings combined with the plunge in oil prices, the stock plummet from 5+ to today's 1.2+. In the near term, I am bearish on this counter and I expect more downside to come. Studying the chart more carefully, the stock has no signs of any major turns and I maybe shorting it at the right timing. Be alert if you are still holding on to this counter.

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Ronald K - Market Psychologist - A Stock Market Opportunist