SIA Engineering - Gap Down went Long

SIA Engineering Gap down today with a super long bar. I am not even sure what's the bad news but the stock kept drifting downwards earlier in the morning before it rebounded a little in the 5 min chart. I am pleased my student hop in near bottom and sold the stock at 3.25 and made $400 during his busy working day. Work is not an excuse because opportunities are scarce and hence cherish the time when you can make good $. Congrats!

Ronald K - Market Psychologist - A Stock Market Opportunist

SIA Eng - 1 Day Before The Breakdown!

May 13th, 2013, a student of mine emailed me his homework and wanted to short SIA Eng. I endorsed his homework by letting him know that I would have short it too, however due to funds tied up in certain counters now, I am currently focusing on other stocks than SIA Eng.

When I saw the chart, I feel in love and I knew it was due for a breakdown. Yesterday the stock broke down and today it gap down! Now, this is precision timing because he shorted 1 day before the breakdown and NOT 3-4 days back. In my Stock Operation Course, I emphasize and focus on precision timing and this is one of the many classical examples of shorting before the breakdown and not following the Big Volume that comes in after that.

I went to www.sgx.com to check for any released news and there wasn't any. So before the bad news was released., the stock already had a broken hand. What will happen when the factual news is released? Hmz...

Ronald K - Market Psychologist - The Big Speculator