I went to give a talk on the current market conditions. Market turned up today. Many stocks tried to grasp some fresh air after being locked up for days without breathing right. Finally, stocks jerk up a little and stock like Genting SP also had some mini green bar. The blue chips like Wilmar, banks and other counters were also flashing actively in the Top 30 Volume while the only highly traded penny stock like Rex Intl was also traded up as compared to the sell down yesterday. The Singapore market is slow but it gives you some comfort and time to act before you take a trade. Has the market touched and hit the bottom? I believe the valuation is cheap for many blue chips but I am not sure if the market has bottomed out or not. When it's bottomed out, I will be buying some stocks for investment.
Ronald K - Market Psychologist - A Stock Market Opportunist
