Trading Ideas - Olam
The STI fell 2.89% to 2743 Monday on concern over Greece. The Dow has been down as many as 167 points but a report that China was to buy Italian govt debt and make other investments in Italy sparked a huge rally in the last 90min for the index to close up 68 points.
Locally, after falling 1.11% on Friday and 2.89% on Monday, STI may rebound. Should a rebound occurs, Olam could be a counter for trading play :
Locally, after falling 1.11% on Friday and 2.89% on Monday, STI may rebound. Should a rebound occurs, Olam could be a counter for trading play :
Labels: Stock Pick
posted by Market Wizards @ September 13, 2011
Comments: 0
