14 Quotes by George Chan
- Author George Chan
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Today is the last day of the first half so I think window dressing by fund managers wanting to make their portfolios look good will keep the index above 16,000.
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- Author George Chan
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Japan is closed today so the market is taking the U.S. as a reference. But there's not much activity because investors are taking a wait-and-see strategy ahead of Greenspan's speech.
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- Author George Chan
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When buying momentum starts to fall off the market starts to correct and I think we'll have a mild correction today.
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Don't panic, there are adequate supplies of everything.
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There's a lot of competition in the banking sector and the bank's recovery is quite slow so I'm not too bullish on this stock.
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The big blue chips like China Telecom and Hutchison have been oversold in the past few days so they're attracting bargain hunting.
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The banking sector continued to undergo consolidation after their recent gains but the telecom sector is doing quite well following a rebound in European stocks last week.
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Investors have discounted the China Unicom share price. China Telecom is oversold so it is attracting some buying but market sentiment is weak so it may not hold up.
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Investors are very cautious about PCCW, they want more news on Telstra. But I think the stock will hold at current levels for the time being.
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