Friday, 16 November 2012

TGIF (weekend thoughts)

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     WEEK (12 - 18 Nov)

  • After presidential election, most counters have been sold down hard, affecting investors confidence and market sentiment.
  • Overall market trend is still intact (cautiously bullish), good to accumulate good quality blue chips at current times.
  • Looking at:
  1. SembMarine (close $4.11) - Recent sell-down has been very hefty, RSI at 9. Expect a near term rebound. We have closed our position at $4.40 (+7%)

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