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Daight
commented on a stock · Jun 4 11:44
$DBS (D05.SG)$ Retail must learn the adapt to dbs's high prices.
We can't always look at the dollar price now, we must look at the %.
When it was 40 dollars, dropping by 1 dollar would be 2.5%, whereas at 65, dropping by 1 dollar is only 1.5%.
Those who cannot adapt would be easily burned.
DBS rising and falling between 1 dollar would start to be the 'norm',
and when it gets to 70, or even 80 dollars, dropping and rising by 2 dollars would be normal too.
A warning to those who are leveraging dbs, set a stop loss, because at this price point, just as rising to 70 can be easy, dropping to 58 is possible too, and you might get completely wiped out if bad news happens and dbs drop by 7-10 dollars for that one single day.
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