Market Debrief – 4th Feb 2009

Just a quick one before I head to the gym.

STI has been queer. Failing to hold onto gains unlike HSI. So much for anticipating some sorta rebound. Could come still. I am however 100% short on all my trades. Lippomaple reit dropped their DPU by 79% causing the price to tank. This is just another FINE example why I can’t stand investing in this climate, where cheap gets cheaper still. Pour money in only when things are more certained yeh!

CityDev has officially died. With volume. When 5.1 hits that is where I will take half my profit.

Cosco, huge volume today where 0.835 is actually a very good price to enter short. I already have holdings and do not intend to enter more today yet.

UOB closed at it’s low.

Allgreen, nothing spectacular.

Sembmar has not broken the support yet. Today is not the day to enter short yet.  I already have some on short. Will wait for that break confirmation. Else I have a 20c risk so I cannot enter too much at this point.

Kepcorp rebounded along with Sembmar. Still sideways. Nothing spectacular.

STI sorta re-tested 50ma as a new resistance. No change in my stance on the index still.

Nothing much to add today. My weekend post has said most of the stuff. Will be continuing to watch.

Don’t lose your pants now!

See ya folks!