Mandarin Oriental just released a bad news today that it rejected the sale proposal of Excelsior as it has not met up to expectations. The news was so bad that the stock gap down immediately with such velocity and speed that the effort that ran the past 2 days were all gone in this one gap down.
https://www.theedgesingapore.com/mandarin-orientals-shares-slump-excelsior-sale-setback
As usual, with every sell down, it's an golden opportunity to buy at low price. The most important factor now is not to buy at this gap down but to patiently wait for a good timing at a good turning point before taking a trade on the long side, just like the Yanlord trade yesterday where all of us longed right at the bottom of 1.775-1.790.
http://stockmarketmindgames.blogspot.sg/2017/09/yanlord-land-company-shares-buy-back.html
I have many who already registered for my Tuesday's October 3rd talk where I will share how to follow my buy and sell orders in a timely fashion. So if you are interested, can register below.
Ronald K - Market Psychologist - A Stock Market Opportunist
