SIA Failed Take-Off?
SIA - SGX |
Of course we are not here to analyse the real fundamentals. What we are going to do is just follow the commercials aka big boys.
They are still net longs even though the prices have been dropping although the no. of net longs position holders are declining. Remember that the commercials are not short-term speculators, they do not care what the prices are as they are in for the long-term. They load up more as prices keep on falling. To them it might be a bargain. They do have the resources to stomach the so called paper losses. For smaller investors the decline might be too hard for them handle ie. margin calls, psychology, etc.
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