Too much bad report on M1. The telco sector looks weak with firstly DBS downgraded m1 to target price of 1.49 and now Kim Eng mapped it out to 1.59. At first, I thought the stock looks strong last week but after looking how the results pan out and how the prices got slammed down, I believe the Telco sector is just going to get worse. I am looking for shorting opportunities since my brokerage houses are downgrading the Telcos because of a 4th new telco coming to Singapore. Let's see.
Ronald K - Market Psychologist - A Stock Market Opportunist
