Friday, July 28, 2017

SembCorp Marine - Bad News, Gap Down

The bad news for Sembmarine was out last night with their profits eroded by half. The company then issue a dividend today to stop partial of the bleeding. I am happy that we shorted before the bad news near the peak at 1.785 and the rest was history. Click below to see where I gave my Whatsapp shorts.

Thereafter, I posted on my blog again to reiterate that Sembmarine is breaking down soon when it was trading at 1.755. So for the rest who add on short positions, today you are in some good profits. :)

Last evening, the bad news was released at 18:05 where I shared with the crowd that we shorted way before the news and indeed the stock immediately gap down in the morning with no hesitation. Till now, the buyers are still not strong and the entire market is bleeding. Looking for other opportunities and rotating to the next counter. Jumbo, SembMarine, Keppel Corp all made $$, so the next one will be another good trade.

Will be giving out more Whatsapp soon. Stay tune.

Ronald K - Market Psychologist - A Stock Market Opportunist