I have to admit that today I was really tempted to go in to short Keppel Land. Already keyed in my orders at $3.30 level, but hesitated to click the "submit" button cos' I remember that Keppel Land was announcing its results on 22 Jan, which is tomorrow. I just don't know whether it will be pre-market or after the market closes.
Looking at the chart. Price has throw back to above the resistance @ $3.28 region. Look at the volume when it is throwing back. I thought this is a bluff! Property stocks are probably the weakest sector right now, and this is the leader! Push up prices before the release of the results? I think I pay too much respects to the Dow Jones futures which was almost at its day-high when I keyed in my orders at $3.30. I hope I would not regret my decision not to enter this stock today.
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