Uncle Ti 88

JES International Holdings SGX - Buy Signal Confirmed? Another request received from a reader to cover this stock again. Here it is buddy. We covered this sometime in January this year. The post is here: JES International Holdings SGX - COT Proxy - Time to Buy? . The buy signal was not confirmed then but we can see that the number of commercials net long was increasing. Recently we received the confirmed buy signal as indicated by the COT Proxy. Do take note that the commercials can be wrong sometimes. Keep the stop-loss tight.

JES International Holdings SGX - COT Proxy - Time to Buy? I received a request to do a COT Proxy on a SGX stock JES International. This company operates a shipyard in China. I would normally avoid S-Chips stocks (China stocks that are listed in Singapore's SGX) but we will take a look at this anyway. The price have surged last week from the low of 0.145. The commercials have been right so far in this stock. As you can see when they buy price goes up and when they sell price goes down. However you can also see that they are sometimes too early or a little too late. This time the price has gone up but they are still net short. They might seem to be late to go into the buying or probably they think it might be a false bull run and they will maintain their short position...