Finance Sector (FIN) : Buffet dead cat bounce will not alter 820 as downside target
August 25, 2011 Leave a comment
The SET FIN sector has another 5% or so to come down before it finds decent support. There may well be a ‘Buffet buys BoA’ inspired dead cat bounce in Thai stocks, but 820 here we come.
If 820 fails to hold this year – yes, we are looking far in to the future here – then Thai stocks will have a bad H1 2012. and for the FIN sector 730 or so could easily be seen next year.
From 878-885 this sector is a sell