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Saturday, May 22, 2010

Sold off 1,000 out of X number of my ST Engineering shares

Amidst the current market frenzy due to market speculation of a likely Great Depression 2, overall market sentiment is on the downside risk. The European Union's (EU) effort to cough out $1 trillion to save Greece's huge debt created questionable doubts as to how such huge amount can be raised. $1 trillion rescue aid may be able to buy time and this economic measure must be constantly reviewed. Will there be more European countries like Greece? Is deflation coming?

Needless to say, all these negative news resulted in global financial markets to plunge free fall. I managed to sell off 1,000 out of my X number of ST Engineering shares yesterday to lock in some decent profit.

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