Yes, a decent retrace. A bit of shorting also maybe. I have got too many of these and if I had been smart I should have sold maybe 5 or 10% when it got to 38/39/40 cents and hovered round there for a few days. So I am guessing there were smarter people than me that sold some going into the high 30's. 26 cents to 40 cents is a decent rise in probably too short a time actually. I think as long term holders ( me over 5 years ) we tend to think this stock is worth around 60-80 cents right now and therefore 40 cents is only half way there so we keep on holding. The smart players peel off a few. I think the stock is probably worth around 50 cents right now ( market cap around $880 ) however when Sengkang particularly comes on, the p/e itself will make it worth upwards of 80 cents with a market cap of $1.3b or thereabouts. Get some of these promised projects delivering cash flow and sustainable profits and not only will the p/e dictate the share price but there will also be some expectation value added on also. Just my opinion.
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Yes, a decent retrace. A bit of shorting also maybe. I have got...
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