Today STI dropped 113 point to 3273. Market sentiment is still very fragile, every big drop from US or Europe market would trigger a knee jerk action from Asia market. For the time being, I think it would be better to wait on the sideline. Although Singapore company is achiving record profit and good dividend.
One with lots of spare cash, might start buying in different period. When STI drop till 3100, buy some. If it ever drop to 2900, buy some more. After the current turmoil is over, one's profit would be quite substantial. No pain no gain, provided that's the amount of money you can affort to lose.
Look for well beaten down offshore and marine and china stock would ensure good growth for one's portfolio in the coming 3 years.
Wednesday, 15 August 2007
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