Oil price, no new contact , contract cancellation/delay , MKT selling down...
Believe the worst for SCI is over , what other bad things can happen to SCI ? SEMMarine had written off/provisions , power businees doing well and improving , urban/property are very stable ...
Believe the worst for SCI is over , what other bad things can happen to SCI ? SEMMarine had written off/provisions , power businees doing well and improving , urban/property are very stable ...
I think most people realise this is not a very good year for stocks. Next few years should be better..
| waters Member |
Posted: 30-Apr-2016 14:52 |
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I bought Sembcorp Ind at the v v highs and have been averaging down all the way till now. I realised it is the biggest component in my portfolio already and still in substantial red. 🙁 |
| serious Senior |
Posted: 30-Apr-2016 13:39 |
I bought Sembcorp Ind at the v v highs and have been averaging down all the way till now. I realised it is the biggest component in my portfolio already and still in substantial red. 🙁
If oil can be maintained at above 46.00 , more short coverings will be done by hedge funds , SCI will shoot thru the roof .
Yesterday sold down was quite expected due to long weekend , some take whateven money on the table and square off position , especially during noon time when DJ future downed more than 100 points.
Market should factor in SembMarine isues and the worst shold be behind , unless somehting unexpected pop up !
Breakind down of 2.85 will be super bearish.
http:// spore share . blog spot .sg/2016/04/semcorp-ind.html
2.89. Let's wait to see if we can spot any reversal signal
2.90 . May go lower
2.90 . May go lower
below 2.90 is 2.89 or 2.81 pls ?
Wait for the price to go below 2.90 again then consider to re-enter.
