Europe debt crisis woes deepen and pending U.S. Home sales drops will lead to negative sentiment for asia stock market today. Today the Straits Times Index open higher due to end of month of portfolio shuffling. We will expects the STI to trade range-bound today and the key support will be at 3300.
Today theme of trading would be on placement, potential placement and rto deals. Today we saw the open of NH Ceram gaping up at $0.073 from $0.049 after it say it venturing into gold(do not chase it once it open much higher). Another piece of news from sgx announcement today is HU AN, making a placmenet of 150m new shares at $0.12 to prominent investor(SEAVI ADVENT and MICHEAL WU). But why is the company shares HU AN not reacting to this piece of news being released at 7:48am? What do the prominent invester see in its prospects? It could be an buying opportunity. We seen many placement such as ISDN at $0.24 and rally to high $0.52(yesterday), Yamada at $0.11 to ($0.35 highest). SgxWinner will be unfolding trading opportunity when the right opportunity arises.
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