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It’s been dull and weak

Posted: 09/25/2013 - 9:59 am

It has been a while since we have updated on Qatar (QSI) or any of its underlying stocks and for obvious reasons. The market has been dull and weak lately and we could hardly identify attractive opportunities.

Remember, we had mentioned in our last note that the September-October period would likely be tricky and our advice to traders was to sell into the event-driven bounces and have quick and tight exit targets when trading (read: Back to square one).

As shown by the chart, the QSI has been retracing in the last three sessions with most underlying stocks trading in the red with the exception of a few speculative names.

Though attractive buying opportunities remain hard to find, we are paying close attention as the recent pull-back may open the door for some very short-term buying opportunities.

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