Yesterday, what a nail-biting roller coaster ride for Wilmar share price! On the day of its China unit (YKA) IPO, Wilmar share price surged to a high of $4.70 before crashing to $4.36. The volatility of Wilmar share price caught many investors by surprise as YKA debut with roaring success, closing at more than 100% to the IPO price.
Looking through the SGX website, it was confirmed that the collapse of Wilmar share price was the work of the short-sellers. On 15 October, short selling activities on Wilmar share price surged to a whopping 10.5 million, nearly 10 times the daily average volume for this counter. So while the Chinese investors popped the champagne over the successful YKA IPO, investors of Wilmar were confounded over the crash of Wilmar share price.
Looking through the SGX website, it was confirmed that the collapse of Wilmar share price was the work of the short-sellers. On 15 October, short selling activities on Wilmar share price surged to a whopping 10.5 million, nearly 10 times the daily average volume for this counter. So while the Chinese investors popped the champagne over the successful YKA IPO, investors of Wilmar were confounded over the crash of Wilmar share price.
Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.
Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.
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