The bull, the bear and the pig???????

I was having lunch with my colleagues today and he actually make a really funny comment... "You can be the bull, you can be the bear but you cannot be the pig that gets slaughtered in between." I looked at Stanley and laughed... at times he can really say something which is like, so out of the blue but when you think over it, it does make some sense.

I guess he was referring to the market now. Market is clearly in a consolidation mode.. no clear directions means it is very hard to make a good trading decision; long or short?? I was very tempted to enter the market today but when I think about the weekend approaching, I held back. Any negative news now will drive the market to go furthur down. I feel that we are kindda like standing at the tip of the iceberg.

Genting Singapore announced their results recently. I have nine different reports from different houses which have dfferent opinions about this counter.

Summary

Credit Suisse Underperform TP: S$0.9
Deutsche Bank BUY TP: S$1.00
Morgan Stanley TP: S$0.90 - S$ 0.94
DBS BUY TP: S$1.20
CIMB OUTperform TP: S$1.38
Kim Eng BUY TP: S$1.26
OCBC BUY TP: S$1.29
UBS Neutral TP: S$0.99
CitibanK SELL TP: S$0.65
JP Morgan Overweight TP: S$1.35

14 May 2010 14:36 CST DJ MARKET TALK: STI Flat; Exit As Weakness Ahead - CIMB 0636 GMT [Dow Jones] Singapore shares unable to shake off morning fatigue as investors content to stay out. STI flat at 2869.03, with this week's high of 2899 expected to cap gains; support remains at 2800. "Trading is likely to remain quiet in the afternoon. We expect further downside in the coming days, as such we advise investors to take profit on trades before the weekend," says CIMB. Overall volume anemic at under 700 million shares. Even defensive stocks drawing little interest, with ST Engineering (S63.SG) flat at S$3.23, Starhub (CC3.SG) +0.9% at S$2.26, ComfortDelgro (C52.SG) flat at S$1.49, Singapore Press Holdings (T39.SG) off 0.5% at S$3.86. (frankie.ho@dowjones.com)

Have a fabulous weekend!