Tuesday, 11 September 2007

More consolidation in store

There were little change over the pacific yesterday. The US markets closed relatively flat as investors still adjusting their portfolios after the scare over the state of the US economy. Semicon stocks helped keep the indices afloat after Intel increased revenue forecast from $9bn to $9.6bn. Dow ended 14pts higher while S&P500 lost 1.85pts.

KLCI and STI is expected to be rangebound today. Sell if u have not sold. Otherwise, stay away for this week at least :).

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