I had a game of Mahjong last night and we played two rounds. I was quite lucky and won quite alot during the first round but when the second round ended, I only won $10. Not to digress too much, my point here is that this is very similar to what we will be going through this May. Profit will be slashed.
Nymex Crude dropped 1.26 to its current 61.93. The stock market had been largely punted on commodities speculations which hands holding on to it are contra and mid term players. The initial buy up are usually spiked by institution investors. There is a strong believe that they are going to exit next week since sentiment are directionless.
No short term speculation for the time being but buying opportunity will be coming soon.
Long term wise, I will be holding on to strong dividend play - Sembcorp and Comfortdelgro. Will be waiting for attractive discount available in the market soon.
Fund investment maintained hold on Asia equity funds during this period. Dollar cost average if necessary but stronger chips should be able to hold in this market looming with uncertainties.
Any opinion herein is made on a general basis and is not an inducement to trade.
Nymex Crude dropped 1.26 to its current 61.93. The stock market had been largely punted on commodities speculations which hands holding on to it are contra and mid term players. The initial buy up are usually spiked by institution investors. There is a strong believe that they are going to exit next week since sentiment are directionless.
No short term speculation for the time being but buying opportunity will be coming soon.
Long term wise, I will be holding on to strong dividend play - Sembcorp and Comfortdelgro. Will be waiting for attractive discount available in the market soon.
Fund investment maintained hold on Asia equity funds during this period. Dollar cost average if necessary but stronger chips should be able to hold in this market looming with uncertainties.
Any opinion herein is made on a general basis and is not an inducement to trade.
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