quick update on stocks

ok before i got off for a 3-day retreat out in no man's land, i'll get going with an updated on my 2 favourite stocks.

SGX closed off this week in the red and has a consistent downtrend for the past 2 weeks. nothing much can be said at the point of time, but the only thing that can be said is that it is a good time to put the puts into action. follow the trend until it faces a reversal. currently, a near term reversal seems unlikely, and this coming week will be downward trending.

my best guess would be that by the end of this coming trade week, the prices may close near the 7.00 mark. investor strength is weak and confidence doesn't seem to be at a high. my call: long over puts, or go short over mother share (for risk loving junkies).

now with Capitaland, the same applies. nothing much can be said. however, a close below 5.80 may signal a further downtrend to come for the week. and from what we've seen so far, a near term reversal may not be coming in pretty soon. so we shall just follow the downtrend and ride it till it runs out of steam.

the trade week may see the prices drop down to the 5.50 mark, or below. my call: long over puts or short over mother share (again, for risk loving junkies).

i just want to clear the air of mystery over short-selling. the main reason why people are so averse to the idea of shorting stocks is because of the relatively short cover period as deemed by SGX. usually, the position must be covered by the end of the day, and if not covered within 3 working days, SGX will cover your position at 2 ticks higher. however, shorting is nothing but the reverse of any long position for an intra-day traders. i guess we as singaporeans are still risk averse and finds the idea of shorting a taboo. personally, i've made money from all my short positions.

anyways, cheers and have a good trade week!