Latest Posts By elfinchilde
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| 16-Jul-2008 02:33 |
ST Engineering
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ST Engg
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edit: forgot one more thing: some ppl divide up by lots for DCA-ing. others go by dollars. (eg, 60k, divided into three sections for three strikes. or "I will buy 5 lots, 5 lots, 5 lots each time.") if you utilise the dollar method, when a stock goes down more than you expected, it's actually an opportunity to buy more at a lower px, thereby lowering your overall cost price. it is from this method, over the years, that some longtimers can build up portfolios of say, sembcorp at an ave of $4, or kepcorp at an average of $9 (after its split). after a period of time, the dividends will offset the cost of the mother stock, and it becomes 'self generating'. that's the ideal scenario. which is why, really, a bear market should not be feared. it should be looked upon as a chance to build serious value for the years ahead. Again, pls note that this is for a longterm strategy, so the mindset has to be there. if you're trading shortterm, you'd either have shorted this counter, or cut it long ago. haha. Also, DCA does not work for all stocks. some, esp the pennies, just languish for years. So it's impt to choose a right stock for DCAing. |
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| 16-Jul-2008 02:23 |
ST Engineering
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ST Engg
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heya luostock, thanks for bringing that post closer. good demonstration of why i say targets are always fluid. (and why TA ppl often appear wrong to ppl who don't understand how technicals work. haha). as underlined in the post, that the targets are fluid and the actual level is always dependent on the exact conditions of the stock at that point in time. if we were to look at ste since that post, there was no px at which it was stable enough for an actual support. ie, no second strike yet. strikes are only made when bases are formed. i know it may seem iffy, but this essentially is how TA works in fine detail: all supports are fluid, and you keep them in your head as an idea. but you move on the reality of it: the stock should be able to hold constant for at least 5 days before you consider a strike. anything else is pre-empting the signal. think fluid, always. |
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| 15-Jul-2008 22:54 |
Entertainment
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Fellowship of the Shares
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actually, bhutan is one of the countries i may visit in the next couple of years. it's on my friends' and my to-do list. 
o/w, elfie is headed for a short break end aug. can't wait. and another one for the year end, hopefully. 
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| 15-Jul-2008 22:50 |
ST Engineering
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ST Engg
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ooh. this one's melting through the supports. not time to buy yet (for those thinking of squaring up). wait til it stabilises. the first buy signal was abt 2.9, there's none yet for the second. may have a case where it melts through first/second/third support and it all blends together. (for longterm holding). wait til stabilisation to buy. |
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| 15-Jul-2008 22:46 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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hm...newmoon's post does make sense, it's a precautionary tale, if rather dire. do agree with onesharer though. for those who are sighing and having doomsday bells in their heads: it's simply the nature of markets. what goes up, must go down. similarly, what goes down, must go up. it's just a matter of when the upturn will come. patience, discipline (no trigger-happy fingers pre-empting tech signals and jumping before the gun) and perseverance will enable success. short term trader or long term investor, it's always about the longterm. ie, what will you be making, overall, 10, 20 years from now? seen in that light, what's one bear market? we had a bull before this, didn't we? sooner or later, all markets will turn up. it's just when: techs will show the way. we just gotta be patient and not "anyhow jump." cheers. :) |
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| 15-Jul-2008 18:17 |
Others
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Forex Junction
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oops. yea. thanks baseer for sounding that note of warning. guess i got carried away being  . hehe.
yuppers. forex is for those who know charts. o/w, if you're trading on perception/fundamentals, it may be deadly. not unless your stop losses are *that* far apart. and yea, agree with trader88. sharejunction = a junction for sharing.
besides, i don't quite see the point of setting up a second site if it's just going to be a forum alone. not unless you can offer the charting etcetc. o/w, this serves fine to me. 
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| 15-Jul-2008 18:04 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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good going, ozone. :) something to watch out for, for fellow investors and especially, newbies: the issue of perception. It's like parallax error when you view things, and may mislead both techies and fundies (for want of a better term). because after a while, news set in, and when it's more and more bad news, it's known as media fatigue: perceptions get skewed, people get impatient to enter the market, and *think* they know the charts, when it may not be true. eg, last year, if STI touched 3,000, that was a "doomsday scenario". Today, if STI hits 3,000, we call it a rally. What has changed? Only sentiment. It's what i call parallax error. Be careful of this in charting, because one may have misconceptions in your head about "cheap pricing" when you use that. still waiting to enter. other than that, it's still  mode. don't get caught in the  now, people.
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| 15-Jul-2008 17:29 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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careful, US likely to do a major dip tonight: the EU pair has broken 1.6, the UJ meanwhile has dropped like, 125 pips in the last 12 hrs. haha. ozone must be the happiest one around. 
hang in there, peeps. be mentally prepared for wed, thurs and fri to be down. The banks release their results. |
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| 15-Jul-2008 01:31 |
Kim Eng
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Kim Eng
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just a factoid for fun.... Gloria Lee Kim Yew (see luostock's announcement of 9th jul) is the director of kim eng futures. She's also the wife of SM Lee's brother. |
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| 15-Jul-2008 01:23 |
China Energy
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Upside or downside
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some good news for holders of this counter amidst the general gloom. http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_7FB9EDBB3AB9135048257486004579E5/$file/CEL_annc_PWC_findings_14Jul08.pdf?openelement PWC has cleared it of financial fraud. its results are supposed to be out before 31 jul. going by their previous one, should be equally good. nicely posed for the olympics, too. not vested. cheers. :) |
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| 15-Jul-2008 00:29 |
Entertainment
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Fellowship of the Shares
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hehe, cwquah, as we like to say in s'pore: "confirm, plus guarantee." :P and you can be sure they'll trot out the usual statistics, about how singapore is a first world city, but compared to other countries like london etcetc, our public transport is dirt cheap! hence the people should be grateful. blah blah blah. nevermind that they always neglect to mention how, if you count it via annual wages, our transport costs probably take up more than the average londoner. ie, the average londoner earns much more than the average s'porean, so how can you say that our transport costs are cheaper compared to them? it should be relative. besides, earn in GBP, spend in GBP. Earn in S$, spend in S$: it's always been kinda ludicrous to me, how we convert the figures back to our own currency and hence, US/UK/whatever are more expensive. 
wail. well. electricity, water, ERP, petrol, food, and now public transport has gone up. What else is there left to go up? 
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| 14-Jul-2008 22:38 |
Others
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Forex Junction
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ooh yea. cheaper 'brokerage' fees, can choose to play long or short term (15 min trade, anyone?), can go both long and short. stop losses can be very tight. and best of all, only a few pairs to play! no need counters as 'weather vanes', no need to track a basket of counters, no need to track freddie/fannie/indymac, no HSI/SSE/DJIA affecting.
talk about free promo. 
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| 14-Jul-2008 22:11 |
Entertainment
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Fellowship of the Shares
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i wanna kb about our gahmen again. latest news in: public transport fare hikes to come in october. with the government "encouraging people to take public transport (in view of the ERP protests etc)" and "trying to make it affordable for the public." I have a question: if the real aim is to reduce traffic on roads, why not do the simplest thing: which is to limit each household to one, max two cars. And like HK, to reduce the costs of public transport, so as to encourage more ppl to take it. But they'd never limit each household. why? because then, the rich are penalised. And we're not the kind of country who ever penalises the rich. besides, more cars = more revenue. like in TA. see what they do, not what they say. bwah! 
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| 14-Jul-2008 21:28 |
COSCO SHP SG
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CoscoCorp
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inside trading: a person can't trade shares if he/she is in possession of price-sensitive news that the general public does not know yet. such as the winning of contracts, or the FYE results, announcement of special dividends etc. it's a very iffy line though. the issue is, what consitutes the 'general public'? analysts get new before the public, and all that. difficult to really prove that someone is doing insider trading. which is why i think someone must have reported him. alternatively, he was that incautious enough to be the only one trading on news that no one else traded on. |
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| 14-Jul-2008 21:23 |
Others
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Forex Junction
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yuppers. i prefer forex too. it's 'cleaner': just the chart, and news. esp since our local market has shrunk in vol by more than half from the peak, which makes it so much easier for a single BB to swing the counters. >~< and yes. 24 hrs. can til 1 pm.
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| 14-Jul-2008 18:19 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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UJ pair rangy. i suspect there was some intervention to jack up the pair (ie, for DJIA to be positive tonight); but it seems to be losing steam though the support is still there. for the DJIA to really rally tonight (200+ pts) we need this pair to preferably be above 10697 by opening bell. let's see. |
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| 14-Jul-2008 15:29 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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US govt going to sell 3bil worth of freddie on sale today. o/w, major US data is only out tmrw and day after. A lot will depend on this sale: if it is successful, you'll see a slight DJIA rally. if not, it'll slump. its a measure of investor confidence in the mortgage firms. |
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| 14-Jul-2008 01:37 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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if it's protectionist measures, then it's likely to be Obama. So the question is, is Obama likely to win?
anyone wants to bet?
in any case, US protectionist measures are likely to deal with agricultural commodities, with the aim of protecting their domestic industries, not the high tech type that s'pore exports. so we should be fine there. It's Europe, South Korea and Mexico that are likely to raise a stink. hehe. Americans are bulls in a china shop though. And they are mostly trained in the liberal arts, not hard economics. If you ask me, they lack finesse in foreign policy and diplomatic gameplay. So rather than complicated protectionist measures, they're more likely to do the easiest option they can think of: pressure China to devalue its yuan.
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| 13-Jul-2008 22:04 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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GIC works with our CPF money, i think. that's why they can offer 3-4% returns pa for CPF. They're essentially "borrowing" the people's money to invest. Temasek holds our "country reserves". whatever that means. (=_=).... nah, tanglinboy, things move in cycles. we had good years from 04 to now. see it as an opp to accumulate for longterm instead. :) in any case, it's just a note i'm sounding like, 6 mths in advance. put it this way, would you rather have prior inkling so you can be prepared, or have it suddenly hit you out of the blue? Did any of you know, Buffett had warned about Freddie Mac and Fannie Mae as early as 2004? That they were unsustainable. but i may very well be wrong. let's see if the US and/or our govt can pull any bunnies out of their hats. yups. up to a certain point, there'll be news fatigue, and then, stocks will go up as people buy; it goes up, and more will buy; a snowball effect. which is why DCA is a good tactic for these conditions. always have cash no matter what. short term: tmrw sea of red. but if DJIA is positive (a big 'if'), then tues you can expect a temporary up. just keep eye out on the usual movers: oil (/gold), release of further freddie/fannie news, and more importantly, lehman brothers. |
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| 13-Jul-2008 20:28 |
Others
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How to trade Malaysia Stock Market
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you can buy bursa stocks from ocbc. agree with ak though, not to touch bursa stocks. it's a real cowboy market over there. even the 'regulations' can be changed as and when they feel like it. (-_-").... |
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