The STI is down 39 points as at 9:40am. This is mainly due to the Dow which was down a whopping 309 pts or 1.4% last Friday. Each time the Dow is down, we get a beating but when the Dow is up, we would just get a small lift. Anyhow, the Singapore stock market is a small peanut compared to other international ones like USA, Shanghai, Japan etc....
Now my concern is the counter called NOBLE. I just picked up at 0.395 last Thursday and average it out at 0.47 break even. It's now trading between 0.38 and 0.39.
I am really hoping for a white knight to come and save or buy over Noble just like I've predicted about SIA buying over Tiger Airways months before it happened. I am keeping my fingers crossed!
Now my concern is the counter called NOBLE. I just picked up at 0.395 last Thursday and average it out at 0.47 break even. It's now trading between 0.38 and 0.39.
I am really hoping for a white knight to come and save or buy over Noble just like I've predicted about SIA buying over Tiger Airways months before it happened. I am keeping my fingers crossed!
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