Stock Market may recover during report season

Today STI at 3110 in the morning. It open high and go lower.

I am expecting market may stay at present level. But go up in report season i.e. mid March. We have around 3 weeks from today. I hope to see good news from most big companies. I am expect the uptrend could last till end of April.

I buy and hold stock for 3 to 12 months. The uptrend could be very short. Therefore, I may not be interested to buy now unless with good stock value.

Olam outperform. And I sell my Olam stock yesterday to lock my profit. But I am still holding a lot of Olam warrant. If Olam go up further, I will continue enjoy benefit. It is hard to determine the reason behind Olam out performance. It could be covering short selling.

I like Olam warrant. They are almost 4 years before expiry. If Stock price rised another 20% within that period,  share price could reach $2. Absolute minimum Warrant price should be $2-$1.63 = $0.37. It should trading at S$0.5 to S$0.6.