Thursday, January 19, 2012

Gong Xi Fa Cai

Market Talk email on Tuesday 17/01/2012
First of all congrats those who followed our email and have bought stocks for the past few weeks and hope you have made yourself nice profit for the Chinese New Year! Remember that we also mention that the STI index 2906- 3000 is the resistance level. We are pretty close to the resistance level now, and we are going in to holiday season in next few DAY. We think that it would be safe for us to take profit off the table as to better manage our risk and enjoy our holiday.
- Reduce Long position in the market OR
- Lookout for some Weak stock and have small Short position for hedging (If you are holding some long position)

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Gong Xi Fa Cai