Cut loss in Sembcorp earlier this morning as the price still hover around 3.05 and did not want to tank lower. The stock had a bad news today and hence it was jammed and gap down earlier in the morning. Cut all 60 lots of shorts and lost some $$. The analysis and prediction was right and the bad news came out today but I guess it was just luck that played a small part.
https://www.businesstimes.com.sg/companies-markets/sembcorp-industries-joint-venture-facing-claims-for-alleged-environmental-offence
On the other hand because of the oil price running, SembMarine run wild and madly where it shop up to a high of 2.11. The buyers were furious and the chart had more bullish behaviour than ever. I am pleased to see a good swing trade from my student where she swung at 1.94 till 2.1 where she locked in profits. Congrats!
Ronald K - Market Psychologist - A Stock Market Opportunist
