22 Quotes by Howard Gorges

We are getting a lot of rotational buying on blue-chip stocks right now. People are buying stocks when they are hurt or lagging.

Yesterday's announcement by the Hong Kong Mortgage Corporation that the government would provide a top-up guarantee on mortgages was good for the market. But we are still a bit cautious. It was very light turnover and there was no real selling pressure.

Futures are still trying to point this market up. People are now beginning to say this market could reach 11,000 by the year end.

There is follow-through buying of select H-shares, mainly commodity stocks.

Overseas money is the primary driver based on a return of a degree of confidence. It is now perceived that most economies have bottomed out and are now on a recovery trend.

Most investors were expecting a correction this morning after sharp gains in the past few days but when they saw that there wasn't much selling pressure, buyers came back and pushed up the market.

We could have another surge in the markets later in the year, around September or October, as the economies show further signs of getting stronger.

There is some profit-taking after yesterday's gains, with many investors investors cautious over interest rates.

Scores of investors are of the view that interest rates won't go up much higher.