Thursday, 13 November 2014

SembCorp marine - The falling knife?

I was tempted into buying SembCorp marine shares last week as the price has fallen to $3.60 but unfortunately (or rather fortunately) my order did not get filled.


This week I see the price continue falling to $3.52 today. How low will it go? And when will it get oversold?

In view of the crude oil price crash, Sembcorp vs Keppel Corp, which would you pick? Why?

Read more about its reviews here: http://sgx.i3investor.com/servlets/ptres/7357.jsp
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Update: 4/3/16

I would consider my order not getting filled a fortune. Because price hit a record low of $1.40 before retracing upwards. That was a whooping 60% fall! Speaking of catching a falling knife, this is a sharp and long one. :S

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