Market Review and Trends
STI up another 1.24%
By Bully The Bear  •  November 30, 2007
By: La Papillion Dow was still up last night and the party goes on. STI went up another 43 pts (1.24%) to close at 3521 with a volume of almost 2 billion. All the biggies moved up - SGX, DBS, Cosco...could it be that funds are buying up now to window dress their portfolio for the next year? Possibility is there. A lot of funny stuff happened towards market close. Sudden whack up and whack down to change the closing price - almost as if the BBs are trying to making the candlestick nice, haha! I saw that happening to singpost, cosco, swiber at least. Very interesting :) Some news to share: 1. Pac andes secretaries resigned. I don't think that's very important to shareholders - it's not as if the CFO resigned. A matter of formality I suppose. 2. Popular is going to release 2H FY08 on 10th Dec. Going to be interesting as I'm doing an FA on it right now. I'm around 50% done so I'll probably post early part of next week, so stay tuned! 3. Lian beng is going to do a share placement of 35 million shares at 0.68. These days, construction companies did a lot of shares placement, possibly to fund their projects these few years. Tsk tsk, don't like it. Lian beng is going to face some selling pressure at 0.68. Dow is strong, up 147 pts (1.11%) now. Haha, don't be so happy, take this rally as a chance to off load. Don't buy impulsively! Portfolio loss: -$860 ------------------------ Singpost at $1.090 is so so tempting!! Source: Bully The Bear
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By Bully The Bear
La papillion is french for butterfly. This blog chronicles my journey from an amateur in the stock market to where I am today. Have I turned into a beautiful butterfly? I don't know, but I think my metamorphosis is still on-going now :)

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One response to “STI up another 1.24%”

  1. Derek says:


    Thanks. Results have been disappointing. At last count, I had 22 clicks and revenue of $0.79. On top of being intrusive, the ads are not relevant. Hence, I don’t see a point in carrying on further.

    I also notice a longer loading time. Not sure if Kontera is the cause of this.


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