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TA for this counter looks bearish. Volumes are unusually high but price is dropping. Those are bad signs.
The other more scary story which I think appear in papers is that the client might not have enough credit to pay. Also there is a possibility of Currency loss or even order cancellation etc. In this kind of environment, there is no more fundamentals anymore. People are nervous despite its good book order. However, anything above can happen and nobody really knows.
Semb marine is closely corelated to the fluctuation of oil prices. With the decrease of oil prices cum widening of credit crunch confidence in this share is dropping. Unless futures of oil start to increase
Anybody know why sembmar dropped by so much? Time to buy? Thks.