Man....this 2009 is really fast and before you realised it, it's about gone! Yes...next week, it's X'mas then one more week....it's end of the year and bonus time :)
I will be scanning for SGX stock for this period and will enter for the window-closing and hopefully can earn some extra money too. One thing I observed is that the SGX was very stable with minor trading range from the beginning of the month and also it's going thru the rotation play for some penny stocks while the index ones are having a rest....so if there is a window dressing move, then likely will be the Index stock. Most likely to push the index here to near or slightly above 2900. That is why...I said that it's safer to trade SGX during this period.
As for HK stocks....I expect it to continue to soften till maybe next Monday just before the year end thingy too. The "ang mo" fund managers are already closing the books and already back to their Ang Mo's countries for their holidays. Why do they want to risk it....yes? What we will be seeing is that the small fries are getting their asses kicked and are holding the half baked ang mo's babies. So....it will continue to soften till next Monday for the final rush for the window dressing show!
HK market has come down quite abit so it's likely to trade sideway from now till next week. The banks' stocks should be stabilising at this point from the look of last Friday trade pattern. It would be a great idea just to punt on them then....very safe bet!
For me....I will continue to lick and nurse my wounds for this week and get back for the final rush next Monday.
yes...gotto slow down and watch.
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