Panic Selling of STI

[Speculatist]

Hi

 

As I mentioned in the email this morning, the Equity Market was down in the afternoon , STI down 67.08 points (-1.8%)

 

This extend of selling was mainly because of panic selling, I do not think the new Property Development Charge can fundamentally cause this negative movement.

 

 

The advise is if you do not have any contra position (that you cannot pick up), stay cool.

 

Rushing with the majority to do panic selling did nothing but unnecessary lose to your capital.

 

The next few day might extend the slump as CONTRA player exit the market and Margin Calls happen.

 

If you mentally feel unease about the situation, can sell into strength whenever there is any minor rally, if you do not have any liquidity requirements or panic, just stay still.

 

Economic fundamental of Singapore is very good and solid, remain bullish for long term.

 

 

Speculatist