Friday's recommendation (24th Oct 2008)
Buy STI 1800BNPeCW090330 at 0.245 ( selling price in market)
Tuesday's Morning ( 28th Oct 2008 9.49AM )
STI 1800BNPeCW090330 (buying price in market = 0.18 )
There paper loss of 26.5% !!
Tuesday Close ( 28th Oct 2008 5pm)
STI 1800BNPeCW090330 at 0.275
Paper profit of 12.2% !!
Hence my gut feeling together with the technical analysis done on friday was right! And if you actually follow through and had faith to hold till the end of the day, you would have made a profit of 12.2% !!
This maybe purely conincidental, but I believe technical anaylsis will give you a higher chance to be correct, thought its not always 100% right.
*Disclaimer : What ever appears on the blog is for your own reference only. It is not an investment/trading advice. It is always best to consult your personal financial adviser before parting with your money.