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STI to cross 3000 boosted by long-term investors
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AK_Francis
Supreme |
10-Jun-2008 00:23
Yells: "Happy go lucky, cheers." |
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DJ didn't trip so far, maintain till closed, STI 2morow will be fine. EU cup, Fr 0 : Rom 0. |
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strike1147
Member |
09-Jun-2008 23:45
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anyway wat go down will go up nature law |
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hercules
Member |
09-Jun-2008 23:29
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Dun expect STI to gain too much tmr. Ppl are caution nowadays. Wilmar should fair well tmr though looking at $5.2 SGX should return to $8 mark |
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winsontkl
Elite |
09-Jun-2008 22:28
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STI steady today....not a black Monday afterall... | ||||
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AK_Francis
Supreme |
09-Jun-2008 17:26
Yells: "Happy go lucky, cheers." |
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with HSI join in the fun 2morow, STI graph will not that smooth leow. | ||||
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cyjjerry85
Elite |
09-Jun-2008 17:18
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see Euro market...very surprise to see it flat now leh...i thought it will be in a deep red...maybe they busy betting on soccer instead |
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jasonrxz
Senior |
09-Jun-2008 17:08
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The only chance that HSi will be in green is that Dow Jones close more than 600pts higher .... then there will be a rally surge on HSI.... if not.. the friday effect will still weigh in the sentiments.....
cheers
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cyjjerry85
Elite |
09-Jun-2008 17:06
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well...we r jux slightly above ...slightly.....this type of volume is ultra super duper extremely very thin lor...
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cyjjerry85
Elite |
09-Jun-2008 17:04
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i doubt so...but wad we can hope for is tt HSI minimize their redness...dun turn too red la...
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rainbow9
Member |
09-Jun-2008 16:57
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If Dow up tonight, will Hang Seng also up tomolo ? | ||||
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elfinchilde
Elite |
09-Jun-2008 16:44
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haha. does anyone else think we'll end below 1bil in vol today? yea. euro 2008 easier way to make money. haha. |
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ozone2002
Supreme |
09-Jun-2008 16:34
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think the Swiss throw their opening match @ EURO2008 so that can recoup some $$ for UBS..keke | ||||
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cyjjerry85
Elite |
09-Jun-2008 16:28
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discard stock market...probably betting on soccer matches is the current thing on now | ||||
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novena_33
Veteran |
09-Jun-2008 16:15
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BB watching EURO now lar...where got time to watch the mkt..... hopefully they not the one to control who enter the final.... 
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cyjjerry85
Elite |
09-Jun-2008 16:06
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BBs also have families..need to take a break too...volume had been super low and this is also a sign tt they r no where to be seen...can u imagine if these BBs are around to join in the sell down...wa piangz*... | ||||
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ozone2002
Supreme |
09-Jun-2008 15:59
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think the BBs are taking holiday in timbaktu..MARKETS NOT EVEN MOVING!!!!!!! trending sideways since morning...so boring.. | ||||
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AK_Francis
Supreme |
09-Jun-2008 14:36
Yells: "Happy go lucky, cheers." |
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agreed, lets market clearer than to decide, esp DJ tonite performance. HSI definitely will plunge, at least 400 when commencing trading 2moro, if DJ tonite no handbrake, it will topple double fold on Tue. STI will get the jitters as well. cleared few KepC and Kepld this morning. ST still on Q, but looking at the trend after break, no chance leow. Fr now till 5pm, STI will likely gradually lose grd further traders on fear to the DJ performance tonite. Hope for the best loh. |
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elfinchilde
Elite |
09-Jun-2008 14:07
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not time to buy yet. this current downtrend will be broadly limited because of the low volume, but we can't rule out the possibility of some counters being shocked down. be cautious ahead of china and HSI trading tomorrow. Lehman Brothers, MS and Goldman releases their 2Q results in the next two weeks; there are rumors that Lehman is going to report a 2bil loss (as opposed to earlier estimates of negative 300-700 mil). CPI is out tonight, and heavy data the rest of the week. If you must bargain hunt, do it in stages. I personally wouldn't start hunting today though. HSI and SCI will be a drag on the STI tomorrow for sure. unless US does a sudden spike tonight, which is unlikely. Patterns. Look to March lows as a guide, when MACD starts to turn up (at or above those lows), that is when you buy. Not now.
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limkt009
Veteran |
09-Jun-2008 13:43
Yells: "Watch your front, grab $$$$$ at your own time" |
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Not an unrealistic comment. | ||||
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ozone2002
Supreme |
09-Jun-2008 13:40
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Stock Selloff Offers Good Chance to Seek Bargains Topics:Stock MarketBy Jeff Cox, Special to CNBC.com | 06 Jun 2008 | 03:57 PM ET Font size: Friday's wild selloff in stocks, which many analysts saw as an overreaction, could set up a perfect opportunity for investors to go bargain hunting. The frantic $11-a-barrel run-up in oil prices and a 22-year high in unemployment sparked yet another round of panic-selling, a trend market pros say will continue until people stop getting rattled by every bit of bad news that comes along. "It's the classic knee-jerk overreaction," Diane de Vries Ashley, managing partner of Zenith Capital Partners, said of Friday's market implosion. "I admire the concept of a thoughtful and logical market, I just don't think it exists." The unemployment report set the stage for the sell-off. Nevermind that the total number of job cuts in May was less than Wall Street had anticipated. Traders instead focused on the sharp rise in the unemployment rate, from 5.1 percent to 5.5 percent. They took that as a sign that the economy was weakening, even though economists said the rise was attributable mostly to more unemployed people trying to get back in the jobs market and college and high school students looking for summer work. Then there was oil. Crude prices surged past $138, a phenomenon largely seen as speculator-influenced even though the supply-demand equation undeniably is a significant factor in the overall energy picture. Still, it all added up to a wild close to a manic week in which the market scored its biggest single-day gain in two months on Thursday, then followed with Friday's unrelenting drop, in which the major indexes each were down about 3 percent. Some, though, weren't panicking. "History dictates that the seeds of the next bull market are being planted right now. It's very often that first leg up will come amid a gloomy data scenario," says Quincy Krosby, chief investment strategist at The Hartford. "Confidence will be the catalyst for that," she continued, "regarding profits, regarding financials, the consumer, not if but when energy prices come down. The market has to grapple with many moving parts. We think you're going to see investors come back increasingly into the equity market." Among the most beaten-down industries: Airlines, financials, retail, and virtually anything having to do with luxury or vacations, such as Carvnival Carnival CorpCCL 37.23 -2.12 -5.39% NYSE Quote | Chart | News | Profile [CCL 37.23 -2.12 (-5.39%) ] and Royal Caribbean Royal Caribbean Cruises LtdRCL 27.4 -1.34 -4.66% NYSE Quote | Chart | News | Profile [RCL 27.4 -1.34 (-4.66%) ] cruise lines. From Jim Cramer and 'Mad Money': How to Survive a 400-Point Down Day "This market's been hanging in there, but if oil keeps going higher there's going to be a massive, massive downside move," says David Rovelli, head of US equity trading at Canaccord Adams. But Krosby predicts a stock market turnaround will happen by the end of the year, after the uncertainty of the presidential election passes and some other bad news gets washed out and more volume hits stocks. "The market has quite a bit of uncertainty right now, but there's enough stimulus in the system to help the economy," she says. "Growth overseas is still solid albeit slowing, and we think that it's a stock market for active invetsors. When certainty comes into the market it means the market has already run up. The job of investors is to find the pockets of strength in an uncertain enviroment." RELATED LINKS Surging Crude Means Picking Shrewd Stock Picks for Wild Market Investors Expect to Lose Value Feels Like a Recession Two-Year Credit Crisis? Yet it seems investors too often look to sell in uncertainty, when in fact it can be the perfect time to make profits, a phenomenon that had analysts shaking their heads Friday. "There is speculation, there is volatility. Truth be known, you have the opportunity to take wonderful advantage of these events," de Vries Ashley says. "The worst kind of trading environment is one in which there's nothing going on. If that's your basic premise, this almost feels like heaven." And that even goes with an economy that is in at least a psychological recession. "Looking forward for stocks and risky assets in general ... the environment is improving simply because the Fed has lowered interest rates and as long as you have a long enough time horizon, these assets perform well," Tom Higgins, of Payden & Rygel, said on CNBC. "I think that we're going to see this volatility continue." | ||||
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