Monday, January 29, 2007

HSI fails to sparkle

It must be noted that although STI was up 41 points today, some of the individual stock has shown weakness. Let us not forget about the ugly closing on the weekly chart of STI, it serves 2 purposes. Either we have washed out the weak holders or today's high will trap more traders as we finish the week poorly. Wednesday's Fed minutes will be key for this week. Market has factored in on rate to stay. So it will just be their comments on inflation and their future outlook on interest rate that will cause reactions.

HSI was surprisingly weak. Nikkei and SG was more positive. I am keeping my longs on HSI, still with a price objective of above 20,300. Today I loaded SeeHupSeng small, if proven correct, i will add on. Once again my holdings went further into green with Amara going ma ma mia! keke

GrowMoney Growth Fund
CoscoCorp @ 1.31
TatHong @ 1.16
JiuTian @ 1.05
MediaRing @ 0.325
Jasper @ 0.025
Sinopipe @ 0.330 1st batch
Sinopipe @ 0.425 2nd batch
Amara @ 0.450
SeeHupSeng @ 0.470

Bought SeeHupSeng @ 0.470

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.