Smart Investor - NOL and STI ETF

I have received an email from my investment savvy friend - Mr Yip on the trading idea of NOL.

Oil prices shot up more than $5 a barrel Thursday, rising to the highest level in over two weeks as escalating tensions with Russia stoked fears of supply disruptions to the West.

Oil users, Neptune Orient Lines Ltd, slid to S$2.28 on friday, a level not seen since Jan. 11, 2007.

NOL is still trading above previous years multiple considering tougher time ahead. We should be expecting further pressure on NOL on break down of year low.

My favourite counter - STI ETF has also reached a delicious S$2.79.

The burning question is: "When can I enter the market?"

Maybe I will wait for the cue from Mr Yip. Patience is a virtue.