STI went up 13 pts to close at 3325 with a volume of 1.42 billion. Quite low, so the significance of the rebound isn't high. Dow wasn't opened for business last night so I guess it eased a lot of selling pressure off Asian bourses. In fact, Asian bourses had a little rally after HK's Warren buffet - Lee Ka Shing used 2 billion to buy shares and announced loudly to the whole world.
Nothing much to say, perhaps can share an announcement:
1. Swissco signs S$3.9 million worth of charter contracts. Not very interesting I suppose, haha :)
Dow futures now at +82, and US opens for half day, should stop around 2pm? Anyway, could see a slight rebound and might affect STI's opening next monday. Hope to see a stronger technical rebound - around the range of 3400-3500 to wrap up the year with a good note. That would be an excellent time for me to trim my portfolio. I still need to cut 3 counters - GK Goh, CSC and Yongnam and I'll be set for the bear to come.
Oh well, as it is, my portfolio is -2.8k. I don't include my HK shares - that's for long term, might as well don't see the returns weekly or even monthly. Just hold for a good 5 years and see what turns out :)
Friday, November 23, 2007
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2 comments :
Hi la papillion,
Didn't realize you had a blog too, will visit more often from now on.
Cheers !
Musicwhiz
Hello musichwhiz!
Haha, what a pleasant Sunday surprise :)
I didn't tell you because my blog is more technical based, so thought you might not be interested. However, haha, I'm moving towards fundamental analysis, so might need your kind guidance :)
See you around!
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