Longed 1100 lot of Sembmarine during when the stock got sold down after the good news. Along the way, I collected some good copious amount of shares and the stock trend down even lower where I was able to accumulate more shares at the lower price. Today, Sembmarine started to run at 9.43am and touched the 1.78 mark by noon before lunch. The amount of buyers were snapping up the shares were really super ferocious where the action was quick and without hesitation. Sold some shares along the way to lock in some profits first.
Total 4 million shares were bought up at 2 levels and the buying action was super quick where the buy/sell queues started to switch heavily on the buy side and replenish even further on the bid queue. It was just strong and some more good news might be releasing. However it has temporary reached a supply zone now where I would be cautious. True enough, Sembmarine closed low and I threw some at low where I didn't expect it to tank down so much at the supply zone!
Ronald K -
Market Psychologist -
A Stock Market Opportunist
