Thursday, August 6, 2020

Big Short on DBS - $177k profit in 30 days

Exactly 30 days ago, on 6 Jul 2020 ,  we made a call to short DBS @ 22.10 towards earnings( click here )  where we expected a high provision for Covid bad debts or NPL. 

Today , lo behold , DBS announced a 5-fold increase in NPL provisions due to Covid. Upon the bad NPL news, we immediately close our shorts @ 20.33 as we expect DBS to rise for next few days . One student Sniper raked in $177k as a result of this 30-day short. 

Below chart & profit statement screenshots he shared is self explanatory 
Parties interested in our trading secrets may want to join webinar & free WhatsApp alerts - see https://finchartsniper.blogspot.com/p/free-workshops-events.html 

Riding cryptos since X'mas : > 200% returns in 2 months on ETH, BTC

Since X'mas 2020 way before Elon Musk announced Tesla has bought USD1.5bn worth of bitcoin ( BTC)  , we have have riding the crypto rall...