Longed 10 lots of DBS when the market was bullish yesterday. The stock then started to run and broke out today even higher even when the Dow closed -157 points down. The stock is now rising at a fast speed with more buyers and currently in the profits of about $3600.
Some days the Dow may sell down -200 points but that doesn't mean the blue chips would stop running as it's still strong and it comes back to the supply/demand theory. There are so much demand in DBS at the moment, so there is no way that supply can overpower demand unless more sellers put out shorts. Happy with this trade that it goes well. Moving to the next stock.
Ronald K - Market Psychologist - A Stock Market Opportunist
