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Thursday, August 11, 2011

Mid-day market review

Blogger was down for maintenance this morning
so I wasn't able to write a Market Review.
I will provide a short one on the current market
situation now.

Days ago, I stated that "If and when STI drop to
the 27XX region, it is a WONDERFUL time to pick
up the battered stocks." and indeed STI reached
a day-low of 2720 before rebounding to about 2794
as I was writing now. I wonder how many of readers
actually pick up stocks during this "27XX stock sales".
If you have bought some bargains then stay tight as
I believe you should be sitting on paper-profits now.

What is my view on the current international crisis now?
I believe that the situation will cool and settle down
in the days ahead as measures are being push-out
to rescue the situation. I am not saying that the shit-hole
is filled by the solution and measures out but at least
the coast is clearer and we will see the sunny skyline.
As mentioned before, this is just my own personal assessment
and not an suggestion or recommendation to pump
in all that you got into the market. I am still picking
and buying stocks bit by bit into the market, I am certainly
not showing hand right now. There are times to be viligant
and there are times to be wild.

Ok, that is all I have to say in this hot afternoon..




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