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Rally will go on...
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lookcc
Master |
07-May-2009 21:53
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so bearish messages also cannot succeed 2 inject fear into tis mkt??? | ||
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Eddyson
Senior |
07-May-2009 21:42
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The bottom of the market is already over long ago when Lehman Brothers went bankrupt,Freddie Mac,Fannie ,Bearstearn & AIG almost falls, extreme fear has already passed & now is the start of a bull phase where banks & housing market in USA start to repair itself. The market always move 6 months before things turnaround, that's when herd mentality moves in & inturns brighten up the economies.Unless Osama strike, return of SARS(well almost, because of swine flu) or a war breakout, there is nothing to inject fear into this market as the value of most stock is way below it's fare value.Of cause unless you pick the correct stock to buy than you can ride the uptrend e.g. all the banks,SPC,SGX,City dev,Cap land & many others. There will be a point when correction comes but still the bull is in charge at this point of time.Remember those days when many analysis predicted STI to reach 4000 pts before the credit crisis?.Do not be supprise when after US is on the mend, they will again comes out to predict this type of target. |
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jeremyow
Senior |
07-May-2009 15:13
Yells: "Passionate business investor" |
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That's why not all low counters can perform. One has to be selective in buying good counters supported by their fundamental business. Speculative counters are only as the name suggest....."speculative". Most may not have splendid supporting fundamental business, but their price may still rise substantially high on speculative nature. If one chooses to play such counters, he has to be careful as not all the time he will be guaranteed to make money on such counters. "The smart will always be outsmarted by another." "It always pays to be steady and careful when investing." | ||
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des_khor
Supreme |
07-May-2009 10:12
Yells: "Tell me who is the God or MFT from this forum??" |
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low prices doesn't go up how ?? most important to buy the counter can go up !!
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jeremyow
Senior |
07-May-2009 10:10
Yells: "Passionate business investor" |
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I do agree with you that the recession is not over yet. No one knows what will happen in the future. If one thinks the prices will hit a new low sometime in future and is staying on the sideline, he is not wrong to think so based on the current economic situation. If one is not sure whether this new low will come in future and has already invested and is staying invested, he is also not wrong as long as he has bought at sufficiently low prices few months back. Instead, he should welcome even lower prices (should it come) so that he can accumulate even more shares. The catch is that no one can time the bottom of the market. One need not buy at the bottom to make great returns since ability to buy at the bottom is more of luck than intelligence for the person that managed to do so. If one can buy a lot of shares near the bottom at sufficiently attractive low prices, the annual rate of returns is already substantially high for the long term. A buyer should not be excited at all by rising prices since he will not have chance to buy low. A buyer should instead welcome lower prices since he can buy shares at even lower valuations. Only a seller intending to sell his shares should welcome rising prices, not a buyer of shares. |
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cheongwee
Elite |
07-May-2009 01:18
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what if, those who bought at nov low last year , and the market go to a new low...will they feel good. I think and got basic to believe that we will see a new lower low...the writing is on the wall.. dont believe Ben or any big shot say, if they are smart , they should have forsee the problem before they happened. and just ask them, they will say maybe this and maybe that...if they are smart, they can alway tell us exactly when, this month?, next month?exactly when market will recover...afterall they got all the data on the land, dont they? they are as lost as anybody in the market, Even our PM, just nw, i hear his May day message...he is also not sure.. but we do know that the crises is a serious one becos, it is still on...the longest since the 1929 depression..and to thk that it will be over next yr is a hope only...norm is just 11month.. u are going to see one more pay cut and one more govt stimulus before we see a little light at the end of the tunnel... and for me. i expect to see my business go down by half, and my rental also by half....it is that serious.
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jeremyow
Senior |
07-May-2009 00:30
Yells: "Passionate business investor" |
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Enjoy the rise in tide of current rally. The real test will come in future when all stocks are already high and whether one can be careful not to be greedy by buying too high. In a bull market, everyone thinks can easily make money. It is this mentality that may be dangerous. The real test will come again when the next bear arrives and when the tide goes out, then one will know who has been swimming naked (buying shares at overvalued prices and holding on to them through declining prices). The old adage never fails to work: "Buy low and sell high." Those that keep to this sound investing approach almost never lose money. This current rally is a testament and reward to those who were greedy instead of fearful when prices were at their low moments months back. Let's see whether one can become more fearful instead of more greedy as the next bull run develops. |
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SnakeGreen888
Member |
06-May-2009 16:07
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Going up too fast. Might come down like the way it goes up. Better trade with care. 888 | ||
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des_khor
Supreme |
06-May-2009 16:02
Yells: "Tell me who is the God or MFT from this forum??" |
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it will stop also till nobody aware...
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jonahach
Senior |
06-May-2009 15:57
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The Bull run continues... | ||
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