Sembcorp Marine just won some $400 Million contracts and the stock just ran a little and because the whole market is simmering off, hence, the up move wasn't that great. Even if the market is alright, I don't think I will be touching this counter because oil prices isn't that great at the moment. Today and maybe last week, it was it the Top 30 Volume and prices were up a little but thereafter it went pretty stagnant. From looking at the chart, every time when it was about to have a sustainable up move, the stock suddenly jammed and started to fall again. I would be cautious when trading this counter because if you really study the chart carefully, you will normally see a one day run and thereafter, the stock price started to cool off again.
Ronald K - Market Psychologist - A Stock Market Opportunist
