Hey guys,
I don't want to be the bearer of bad news but singapore is in free fall right now, and unsurprisingly, creaf is being carried out with the tide to the tune of around 15.6 right now. If you have an iron stomach then monday may be the time to buy. Only problem is intel's earnings are announced on Tuesday, as I have been worrying about for some time now. If intel's earnings aren't there or they say something bad, it may absolutely sink the market, or at least the hi-tech portion of the market. I can't take that risk so I think I'll wait till at least Wednesday to get into creaf. At this point, even if creaf can only make it to 20 in the next few months that would still be a great gain. 30 may no longer be doable, though perhaps not long term. Anyway, if you buy in at 15 and sell at 20 that's a nice 33% gain, probably 3 times the S&P this year I'll wager, and even better if you buy it on margin. The only big risks after Tuesday are
a)creaf's earnings, which I assume are still ok (if not, forget it we will all drown), and
b)singapore may take several months to recover.
What ever happens, this week is going to see some fireworks, and perhaps set some new records. Should be a week to remember for a long time. I think those creaf holders with puts are sleeping a lot better than the rest of the gamblers on this thread.
Good luck |
