3444 good 'dead' number for the STI.
Our mental stops! were triggered but it gave my friends another good chance to buy low... The market trend is still UP although the current one is down. Since we have missed the previous bull and missed to short big time, then might as well see good shares and buy low ?
Frankly, I'm perfectly comfortable in this market. Where got such chance to buy DBS at 21.90 or Capital Land at 7.10 or China Aviation Oil at 3.00
IF I'm the big boys and I expect STI to see 4000, I will need alot of scripts in the market to that.
This sell off is just right and brilliant. For STI to hit 4000, DBS must move up to S$27.00 at least. Now, Vice President of DBS just came out to say that DBS has no worries about the subprime problem. This is very much different to their other counterparts. So think about it, who and which type of investors will go to.
I like to stress again, time to LONG!!!
You will not see these prices on Monday, thats what I personal feel so.
cheers!
