The market was quite bullish today and many stocks were having some kind of runs. However since gaping up this morning, Capitaland had been selling down non stop on the good news and it affected the other property stocks. City Development and UOL started to slowly simmer off towards the last hour as the market took a small dip. The clue was Capitaland and one should observe how this counter started selling down. Yes, there was good news, but it's good for the company but maybe not so good for the stock price. With this cue and clues, you can start to find the other property for shorting opportunities as the price had rose up too much near the selling area. Let's see.
Ronald K -
Market Psychologist -
A Stock Market Opportunist
