Looking at the two charts closely and the past two days trading volume It is more like massive loss cutting after long accumulation/distribution??? Stop-loss trigger by system trading???
As long term investors, we shouldn't be too worry on short sellers as they will eventually turn into buyers and change the equation of buyers exceeding sellers.
It is those cut losses. Scare and never come back to support as buyers to make the number.
The market has a way to humble and make fools of us.
Yesterday in Europe and US, they have a massive short-covering squeese. I know because I covered my Simsci short yesterday morning and was 2nd guessing did I made a mistake by covering too soon the whole afternoon... That's until the European markets opened and I felt vindicated :)
I think your Keppel round 95 will get back above $10 quite soon ;)
There is ~25% SHORT volume.
ReplyDeleteWith such high SHORTING volume, I think the price will continue to dive. Sky diving.
As long term investors, we shouldn't be too worry on short sellers as they will eventually turn into buyers and change the equation of buyers exceeding sellers.
DeleteIt is those cut losses. Scare and never come back to support as buyers to make the number.
CW,
ReplyDeleteThe market has a way to humble and make fools of us.
Yesterday in Europe and US, they have a massive short-covering squeese. I know because I covered my Simsci short yesterday morning and was 2nd guessing did I made a mistake by covering too soon the whole afternoon... That's until the European markets opened and I felt vindicated :)
I think your Keppel round 95 will get back above $10 quite soon ;)
Panic sell turn to panic buy?
You the man!
My opic auntie bought Kep Corp @ $9.62
ReplyDeleteAsked her why Kep Corp?
She said that this one dropped until so jialiat of course can buy.
Opic auntie catches falling knife?
:-)