Thursday, July 23, 2009

STI on steriods

Now the trend is after you sell, it goes higher. Are we really out of recession? TA experts are either sidelines, light on quities or started shorting. But no sight of tired bulls, I have learnt not to anticipate the market but trade on what you SEE. There could be massive shorting covering on properties counters, thus bringing them even higher. At the moment, I don't dare to load properties counters. Up 8 days( include today) in a row. (Allgreen is really bang walls. went to 1.20). If you want a quick punt, purely intraday, Take Wingtai, Ho Bee.

I have loaded some,

Gent
Midas
StraitsAsia
Tat Hong

If you are still loading:

Raffles at 0.62-0625 cut 0.62
Yanlord 2.44-2.47 cut 2.44

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