Analyst Reports 11 – Indeed a Flying Start
I have gotten feedback that my links to the analyst reports always break. I think i know what’s the problem – wordpress always relink the reports due to categorization of the post. I have sourced for an alternative and will put future reports in MediaFire. Now as i receive reports, i will upload them into the Analyst Reports 2009 folder.
Access your newest analyst reports here NOW. 
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Anyway! With the market on the 2nd day of flying upwards, we see a 10% increase in STI in just 2 days. Commendable. Moreover, it’s a broadbase rise on all fronts, signalling confidence in the market as a whole. With so many blogs covering this story, it’s hard not to post something as well. The following is my personal opinion only so take it with a pinch of salt.
I think this rally will be sustained for a short period of time. Definitely it is making people happy now. *grins* but i think it is a bear trap. From the sentiments around me, the blogs i follow, traders i notice and several brokers are still cautious and are slowly taking profits as retailers buy up in Jubilee. Window dressing and psychological influence due to the new year (year of the Bull, eh hum, i mean Ox soon) are luring buyers in again. The huge rally up will influence many to jump the bandwagon to ‘capture what is left’.
My senses and reflection tells me that bad news will start flowing in again after CNY in a months’ time. In Singapore alone, talks of pay cuts will be confirmed, retrenchment exercises swinging in and news of poor consumer sentiment is once again focused on. Poorer QoQ and full year company results will affect stock market sentiments and pull the index down at all fronts. STI will follow the last leg of its Elliot chart formation downwards to touch or create a new low below 28 Oct 08’s 1473.
Freaky but that’s my thoughts for now. Most importantly, formulate your own conclusions and watch the trends to see whether you are right. Adapt as new information comes in and cut when necessary.
For the long term investor, all these shouldn’t really matter to you at all. Just buy a good fundamental stock.
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- Analyst Reports II – October 2008
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[...] Well, i noted a few more things after the CNY period. It’s funny that in a single day on the 30th of Jan, there are no less than 5 news announcement of job losses or cuts. It brings me to mind a posting i have made on a prediction after the CNY period. [...]