Small profits in UOB as we shorted yesterday. I don't know why UOB was so strong yesterday as compared to DBS and OCBC but this morning when both DBS and OCBC gap up, I decided to lock in very small negligible profits in UOB to avoid losses. It's a signal to run as fast as you can as the market was about to turn bullish as we witnessed now. There was a big block at 26.07 where once it cleared, the stock would run and indeed from 26.07, it's now 26.38 within a short time span of 30 minutes. Just when I thought to short into strength yesterday, the Dow reversed and turned up otherwise, I have to quickly switch back and cover shorts and go long instead.
Ronald K -
Market Psychologist -
A Stock Market Opportunist
