Had a very unlucky trade in Sembcorp last week where we shorted it at 3.30 and 3.07 and the stock looked like it's almost tanking but did not. Instead, it reversed up and went higher to a peak of 3.11 before starting selling down like hot cakes today. My cut loss was 3.09 but the stock just triggered with 2 pips and sold down. Today some of my student shorted Sembcorp Ind again since the stock's chart looked pretty bearish with sellers selling. I believe they shorted yesterday and today they are seeing the positive results. It's a reverse of last week's small loss. Looking to short another counter soon.
Ronald K - Market Psychologist - A Stock Market Opportunist
