SembCorp Ind - Solar Power for Facebook

Sembcorp Ind just inked a 20 years solar energy deal with Facebook which was a very positive news for the company.

https://www.theedgesingapore.com/sembcorp-signs-20-year-deal-supply-solar-power-facebook-singapore’s-ops

The stock should be rising instead but on the other hand, it was trending down after a good breakout last week. I believe the price for the recent run has already factored in this piece of news as a multi-million dollars deal would not be released overnight but rather it takes months and years for negotiation before reaching a conclusive deal. Shorted this counter last Friday on the breakout and today it reached a low of 2.83 with a flush from the BBs before rebounding up again.

My point is if you want to buy stocks, follow smart money because they have the financial means and power to do so. Buy before them if you can or the best would be to piggyback them as close as possible and NOT buy after the good news is released because most buyers would have look to locked in profits there! I will share more on Smart Money movements in my event during this Thursday talk. See you there!



Ronald K - Market Psychologist - A Stock Market Opportunist