Les Lim : will this go any lower

102307780 : Fibonacci retracement almost 100%?

Joz OP Les Lim : I see no reason why the company should be valued so lowly. I don't get why the price dropped so drastically if it's just considering the company's fundamentals which were obviously improving. Since we're right back at the price before the rapid rise, I'm hoping the price stabilises here and then starts marching upwards. Even the lowest 3 month average target price provided by the analysts is 2.65. Of course analysts may be mistaken. But in my opinion, it is more likely that some institutions selling of their Seatrium stock made many traders scared so the sell on news instinct took over when the results were released. Institutions also want to take profit right? But the fundamentals of the company did not change to rubbish overnight so I'm confident the price will eventually catch up to its true value.

WHui : This is not right; this should be bullish for Seatrium.

101639342 WHui : I also think that the opponent's bad news is not a Bullish for oneself.

Detached House : All these are Algo trading by the big boys. That is why the foreign banks made so much on trading gains. Becos are the small boys like you think small & know how to panic only.

Joz : I bought at 2.52-2.53. No choice, gottta hold until I get my money back. Each person has his own decision to make. But I think we reached the bottom and it shouldn't drop further.