Is STI consolidating around 3,500?
Friday, May 18, 2007
I hope so! I am still holding on to my Singtel shares, Mediaring, BBR and etc. in my CPF. I don't want it to do a 5,00 points correction within the next 12 months.
STI has been moving up too quickly over the last 12 months - about 1,000 points!
Consolidating around 3,500 to 3,700 level will be good. It will allow more small cap counters to catch up a bit. I will exit when STI get closer to 3,700 if not earlier.
Now, we are truly in uncharted territory. STI 3,700 is the next level to achieve. However, no one can say for sure it STI will not pull back to 2,850 level. So don't be greedy and be very CAREFUL.
STI has been moving up too quickly over the last 12 months - about 1,000 points!
Consolidating around 3,500 to 3,700 level will be good. It will allow more small cap counters to catch up a bit. I will exit when STI get closer to 3,700 if not earlier.
Now, we are truly in uncharted territory. STI 3,700 is the next level to achieve. However, no one can say for sure it STI will not pull back to 2,850 level. So don't be greedy and be very CAREFUL.
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