Yesterday was really the breakout day for all 3 telcos. Singtel, M1 and Starhub all moved and one have to capitalize on this opportunity. Longed 50 lots of Singtel at 3.7 and took profits at 3.75. I believed it maybe the start of a turn around for the telcos but I also expect some testing of the sellers first before higher up move can be seen. I will look to long again at the next turn. If you are interested in short term trading with me, don't miss out the sharing session I will be conducting.
Ronald K - Market Psychologist - A Stock Market Opportunist