Friday, October 31, 2008

COE Prediction - November 2008 1st Bidding Exercise

The stock market is going like a roller coaster ... up ... down ... up ... down, so uncertainties are mounting with many media reports of the recession, unemployment and central banks' action to calm the markets. This is a good time for the brave ones (need deep pockets and stable job though) to pick up bargains but I believe that the cheap sales will continue for some time. It is awfully quiet in the showrooms ... spooked because of the Halloween festivity?

Prediction on October 31:
Category A: $9,000-10,000
Category B: $10,000-11,000

Verdict on November 5:
Category A: $10,455
Category B: $ 8,301

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