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Raymond Chng
Remisier
Lim & Tan Securities

raymondchng@limtan.com.sg
raychng@gmail.com

Thursday, April 29, 2010

Would you long or short yesterday?

As I have posted yesterday and during some coffee talk, STI gapped down yesterday and rebounded slightly until the bloodbath at the last hour of trading.. losing 59 pts 2%

The damage has been done.. did the fire really broke out?

Alot of shortists were stuck yesterday and whoever did it were in for a shock this morning as the counters rebounded (CFDs). Who is really buying?? Greece issues were presented so drastic that the fear was felt at the last hour. who is buying when the retail investors are throwing their shares at their loss? If you have loaded. Congratulations.

Trade with care.

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