Followed by the "Black Friday" on 5/8/11, today is set to become another "Black Monday". Why? This morning, I logged in to my DBS iBanking to check out my transactions and stock movements and found out that the portal was extremely slow, almost coming to a halt. I realised that a lot of people are camping on their iBankings/Vickers to do all the massive selling not seen since 2008. And when I checked out my portfolio - OH GOSH! WHAT A SEA OF REDDISH...!
It's okay, just paper loss as long as I don't touch anything. The REITs are fundamentally strong. This kind of market response is very well expected. I experienced this once during the Libya War + Japanese Disasters earlier this year but later enjoyed a decent rally. Now it's back to the "Red Sea" (pun not intended) again. But don't fear, I am in fact feeling joyful now and shall exercise some of the cash to do some quick purchases in the afternoon (the time when the market is more stable).
I am also keeping a watchful eye on SG Stock Investor. The blog owner is doing an impressive job of intensive technical analysis on AIMSAMP-REIT, a stock which I also have holdings on. So I am just going to wait for the price to fall a little more before I enter the market.
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