Wednesday, February 14, 2007

Spore market update

Despite a roaring day at Wall Street, the market here hasn't really responded. Duh.

Except for the outstanding performance of Capital Land which rose by 25 cents, most of the reaction today is muted.

So it looks as if the traders are all clearing their books and preparing for the Chinese New Year sell down.

Aztec - a company that sells modems, computer phones, etc.. looks like its going to go past 40 cents - and down to 38 by the looks of things.

Genting is also down again to 93 cents.

Considering that the market had risen so high in the last 8 months, I'd say its due for a big correction.

Virtually everyone is talking about a CNY pullback- it could be a self- fulfilling prophecy.

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