It is the last day of a dreaded month of May for 2011. Historically, this month is avoided by retail investors as it is a month of volatility and consolidation. Not aided by the undesirable impact of series of downgrades in various faltering European countries e.g. Spain and a slowdown in greater China market and Singapore latest GDP results do…
Tag: Cosco
European crisis and China economy slowdown have increased risk aversion | STI, Cosco, Yangzijiang stock prices | US, Singapore Stock Markets
Once again, it was a ‘red’ Monday with all stock markets not spared from the brutal selldowns. Though traditionally, May period is known to most experienced investors as a month of ‘short’ or ‘sell’, this time round, the new anxiety and fear is a result of some key economic developments in UK and China. On Friday (20th May 2011), Fitch…
Cosco – short term economic threats should not jeopardise long term recovery | Technical Analysis | Singapore Stocks
It has been awhile since I last touched on Cosco. During Feb 2011 when I last issued a sell call on technical weaknesses, the stock has tested a significant low of $1.80. That was worsened by the Japan Earthquake which causes much anxiety on a standstill or worsening of the world global recovery. Near term basis, shipbuilding activity and traffic…