Singtel

Going into a shopping spree, this time is for long term trade

Buy Singtel at $2.88 on 25th Feb 2011

Trade decision conditions:

1. Main component of STI, and the main index is under 2980
2. Technically, the long term support is at $2.85
3. Fundamentally, Singtel give consistent dividends and dominate the local market

Stop: No stop - long term trade (for accumulation)

Is this the best that the bears can push (2965)? Show me the strength, can you push down to 2900? so that i can accumulate some cheap blue chips.