STI falls below 2800 this week. The year started with the months of Jan and Feb seeing major indices in the world tumbling. The story almost reversed in Mar when the markets rally coming back with a vengeance. Could it be the same story of up and down for the rest of the year? Or could a major good or bad news result in a more permanent up or downtrend? It is anybody’s guess for now.
Swissco
Anyway, this week, I took a huge gamble to load up Swissco at 0.182 – literally an Oil and Gas dependent stock! Hooo….. Risky! Playing with fire! Not sure I wanna do that!” Likewise, I am quite bearish in the O&G industry at least until next 1-2 years. Read my earlier articles:
Is now the right time to dive into Oil and Gas stocks? Let’s hear from market sentiments!
Dos ......