Wednesday, 27 April 2011

PEAKING ..CORRECTION SOON ........ True to our prediction on last post , KepCorp surges ahead to hit $13+ range but due to bonus issue of 1 for 10 on 26 april 2011 - it closes today at $12 which is equal to $13.20 pre-bonus . But expect a correction over next few days to 11.30-40 after one more day of run at most . Genting also hit our target of $2.26 ( see last post ) before plunging to a $2.18 close , expecting a correction to 2.05 ., we maybe get a slight bounce towards earnings date ( 12 may ) .. and a big fall after that to 1.90 .... Market preparing for a dovish Fomc decision tonite which should generate a gap up tomorrow morning open but should go downhill from open as market starts to worry about further tightening from China over coming long weekend..and maybe election jitters as well

True to our  prediction on last post http://sgxswinger.blogspot.com/2011/04/s-rating-agencys-warning-shot-cross-bow.html ,  KepCorp surges ahead to hit $13+ range but due to bonus issue of 1 for 10 on 26 april 2011  - it closes today at $12 which is equal to $13.20 pre-bonus . But expect a correction over next few days to  11.30-40 after one more day of run at most   as market starts to have jitters over  further tightening from China over coming weekend and maybe election jitters as well. 

 Genting also hit our target of  $2.26 ( see last post )  before plunging to a $2.18 close  expecting a correction to 2.05 , maybe get a slight bounce towards earnings date ( 12 may)   ... and a big fall after that  to 1.90   

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