Wow amazing.... STI rose to 3000.19 on volume 2,325.7 million shares worth almost $2.6 billion.
It's interesting to see most of STI china stocks rebound while SSE index still forming the base before it rebounds. FTSE ST China index rose 20% to 439.16 in just 2 days. It seems the downtrend is reaching a bottom with some evidence.
-Volume was low when it declined and it was high (approximately 70% higher) when it rose and finally hit 3,000 again today. :)
-The 2nd quarter is coming and maybe it's the opportunity for fund managers to window-dress their portfolio now. Furthermore, valuation is much cheaper.
-Fed had cut rate form 5.25% to 2.25% to save the US financial institutions form going default because of the loss form sub-prime mortgages. It will take 6 months or even 9 months for the effect of a rate cut to filter into economy and to kick start the process.
So what should we do now? Hopefully, this is the real reversal sign so that we can go shopping and HUAT TUA TUA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
REVERSAL -> CONSOLIDATE -> UPTREND
SB 4D RECOMMENDATION:
-KTL GLOBAL ($0.410)
-Hongguo ($0.520)
-Sinotechfibre ($0.610)
-ChinaMilk ($0.590)
HUAT ARH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment