Friday, November 25, 2016

Telcos - Singtel, Starhub Turn Around?

All 3 Telcos had been slammed down hard recently. It seemed as though a turn around is coming soon and as usual, I capitalized by longing the stock at the bottom and before it broke out higher today. I had also locked in profits and shifting the focus to some other counters. However earlier, I saw Singtel and Starhub continued to have some mini continuous run up again which prompted my attention. I think there was some massive liquidation where the BBs started to absorb the shares at the bottom and in the near weeks to come, higher prices can be materialized. Watch Singtel and Starhub closely. The leader will always charge first.

Ronald K - Market Psychologist - A Stock Market Opportunist