Thursday, 19 July 2007

What happened in Spore?

The STI and most of the stocks in the Spore market fell sharply in yesterday's afternoon session. I have yet to figure that one out but chartwise, the market is looking weak in the short term. The index needs to hold above 3,450 for this bull to continue or else the bear has taken over. With Wall St closing lower last night, we can expect more selling pressure in Spore. We will close all our position except Jadason, Asti and Miyoshi (which we will adhere to the stop). We will use today's closing prices.

No comments:

Post a Comment