STI – drop another 21 point on second day
now is : 2513.7
frankly there is plenty of room to drop, but i guess the most it will be a trend instead of straight to the bottom. may be any rebound is a good selling time to some of the stocks.
stock market is really interesting, it test ppl’s patient, gut and pocket. Some ppl panic selling, some ppl cut loss or lock profit, some ppl just sit back and wait, some ppl pointing finger at the push button, etc.
All the sellers think they are smarter than the buyers, and vice versa. Isn’t it very interesting?
Tempted to get in, coz got abit of cash to support, where it came from datacrft that i sold just before the correction, but looks like more wave to come.
Stay cool will be alright.
EDIT : Commodities should pull back, like the gold, all of them have run too far and too fast. Oil price should pull back also. Which might provide another chance to lock profit or to prepare for another correction.
