John Templeton said “The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell"...."It makes sense that when most investors are bullish, asset valuations would be high, because everyone has already bought. The opposite is also true. When most investors are bearish, asset valuations are low, because everyone has already sold."
“机会总在绝望中诞生，在质疑中成长，在希望中成熟，在疯狂中死亡。” — 邓普顿
SingTel — Extremely overbought, expect a strong pullback
SingTel had a bearish evening doji star @ S$3.96 (-0.04, -1%) with 7.18m shares done on 25 July 2014 at 3.45pm.
Crucial support @ S$3.90, immediate resistance @ S$4.00.
Singtel — Extremely overbought, expect a strong pullback TP S$3.58
Singtel closed with a white marubozu @ S$4.00 (+0.02, +0.5%) with 11.13m shares done on 29 July 2014.
Immediate support @ S$3.91, immediate resistance @ S$4.00.
Chart Pattern Observations: 1. The gap created on the 15 July 2014 is yet to be closed. 2. Both the Stochastic and the RSI had already crossed extremely overbought levels. 3. Bearish Rising Wedge + Head and Shoulders Formation (ref. below 3 charts; same scenario as the STI's early stage of H&S formation in May 2013). 4. Should a bearish H&S breakout at the neckline @ S$3.79 with the head @ S$4.00, Singtel's special offer could be a cup of "Kopi-O-Dai-Dai".
Singtel CEO earned S$5.6m for FY 2014/2015 "Singtel's chief executive officer Chua Sock Koong took home about S$5.6 million in total remuneration in the financial year ended Mar 31, 2015. ... The telco's five other key management staff took home a total of S$14.42 million. "
Credit to Singtel's leadership for their overseas ventures. Have been doing well, and I think will pay off significantly in the years to come. This is on my shopping list should its price fall irrationally for whatever reason.