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STI to cross 3000 boosted by long-term investors

bishan22
Elite

17-Jun-2011 20:06

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NEW YORK, June 17 (Reuters) - U.S. stock index futures rose sharply on Friday after French President Nicolas Sarkozy hinted at a deal to resolve the Greek debt crisis that has hampered equities and worried investors over a possible credit dry-up.

Sarkozy said " there was no time to lose" on agreeing on a program for Greece, suggesting a deal needed to be reached in July at the latest. For details, see [ID:nLDE75G0ZQ]

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iPunter
Supreme

17-Jun-2011 18:56

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Yes, I do agree with you. What you said is true.

You have my full respects too. I suppose you are

going to follow their example, and become wildly

rich too in a few years time. I have no doubt you will... Smiley

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junction
Senior

17-Jun-2011 18:02

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I have met a couple of old timers who bought Genting Malaysia decades ago and still keep the shares and guess what? They make a huge pile just on capital gain (excluding dividends)! Though you are very experienced and I respect your views, I cannot agree with you that holding long long means making and losing back.

iPunter ( Date: 17-Jun-2011 13:22) Posted:

No one is making fun.

To trade means to buy and sell.

Whether one trades many times a day

or trades occasionally, or once a month

or once in three months, one is still trading.

Trading is about making profits.

Whereas simply holding forever is to

make and lose back one's big profits,

or until one dies (hand over to next gen.)... Smiley

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Isolator
Supreme

17-Jun-2011 17:11

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Yells: "STI is hard landing to below 2000..."

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I no rebound below 3000 (unless under 2900) or rebound now at 3000....

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rotijai
Supreme

17-Jun-2011 17:11

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u see.. master alex

i said ur call to wilmar is quite a good one :P

anyway, the resistance is 5.45 (mini) then 5.5 (BIG one)

rotijai ( Date: 16-Jun-2011 11:55) Posted:

actually master alex, to a certain extent u arent wrong.

u said short for yesterday (if anyone shorted after 4pm, it turns out to be a right choice)..

u said buy for today (5.28-5.3 - is a good buy wth stop loss prob at 5.2-5.25 depending on ur appetite)

i am scared of longing for now so i am not gonna buy anything

alexchia01 ( Date: 16-Jun-2011 11:40) Posted:

Ok. I'll stop sharing what I intend to Buy or Short.

No need to expose myself to criticism.

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alexchia01
Elite

17-Jun-2011 17:08

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Many people still wants to see STI below 3000, so I think should fall some more.

Isolator ( Date: 17-Jun-2011 17:02) Posted:

I dont agree..... Rebound start now....

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Joe2020
Veteran

17-Jun-2011 17:05

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Index	Last	Change	%	High	Low	Time
Dow	11961.52	64.25	0.54%	11990.02	11875.77	16:01:45
NASDAQ	2623.70	-7.76	-0.29%	2642.65	2599.86	16:00:16
S& P500	1267.64	2.22	0.18%	1274.11	1258.07	16:03:30
Dow_Futures*	11873.00	-26.00	-0.22%	11936.00	11858.00	04:51:59
NASDAQ_Futures*	2189.50	-6.00	-0.27%	2203.75	2187.75	04:52:44
S& P500_Futures*	1260.00	-3.50	-0.28%	1268.25	1258.50	04:52:06

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Isolator
Supreme

17-Jun-2011 17:02

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I dont agree..... Rebound start now....

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krisluke
Supreme

17-Jun-2011 17:01

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2950 pts for sti ? ?? To see a " TECHNICAL REBOUND" ? ??

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ozone2002
Supreme

17-Jun-2011 16:59

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the sky is falling........

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enghou
Senior

17-Jun-2011 16:57

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DBS Technical View

Expect a minor technical rebound, in line with the overnight
gain on Wall Street. However, the market’s overall correction
trend remains intact and the immediate resistance for the STI
is at 3042-3052. The Singapore market’s McClellan Oscillator,
a measure of short-term market breadth, declined to a
reading of -38 yesterday. This is neither near the extreme
oversold level of -70 nor has any positive divergence occurred
on the indicator. In other words, STI’s downtrend in the past
2-3 weeks off the 3180 level has not ‘compressed’ the overall
market enough to trigger a sharp and more sustainable spring
up. We maintain our view for down side bias to 2970 before
the index finds firmer support.

Good Luck

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Isolator
Supreme

17-Jun-2011 16:26

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I see a technical rebound coming before going 2900... lol

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iPunter
Supreme

17-Jun-2011 16:17

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Although we don't know you personally,

it is pains the heart to see a fellow forummer

lose money by keep buying in a long downtrend... Smiley

des_khor ( Date: 17-Jun-2011 15:46) Posted:

Yes ! Can see you no longer keep buying.... This is very good move !! Sometime really heart attack to see you keep buying without selling any !!!

Hulumas ( Date: 17-Jun-2011 13:12) Posted:

This time round, I am afraid, iPunter and des_kor have the wrong general defination about trader it self! Please learn to correct it yourself. I take it you make a joke to me this time perhaps

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yummygd
Supreme

17-Jun-2011 16:12

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just come and get it over and done with

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bishan22
Elite

17-Jun-2011 15:49

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Whipping time for STI again. pain onot?? Going sub to 3000 and below.......... Smiley

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des_khor
Supreme

17-Jun-2011 15:46

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Yes ! Can see you no longer keep buying.... This is very good move !! Sometime really heart attack to see you keep buying without selling any !!!

Hulumas ( Date: 17-Jun-2011 13:12) Posted:

This time round, I am afraid, iPunter and des_kor have the wrong general defination about trader it self! Please learn to correct it yourself. I take it you make a joke to me this time perhaps!

des_khor ( Date: 17-Jun-2011 11:39) Posted:

HULUMUS

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Hulumas
Supreme

17-Jun-2011 15:41

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Yells: "INVEST but not TRADE please!"

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Do not worry, I really do not mind, you just stick to what you think is for your trader defination in the scope of capital market financial world. Thank you for your further clarification.

iPunter ( Date: 17-Jun-2011 13:22) Posted:

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iPunter
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17-Jun-2011 13:22

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Hulumas
Supreme

17-Jun-2011 13:12

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This time round, I am afraid, iPunter and des_kor have the wrong general defination about trader it self! Please learn to correct it yourself. I take it you make a joke to me this time perhaps!

des_khor ( Date: 17-Jun-2011 11:39) Posted:

HULUMUS !

iPunter ( Date: 17-Jun-2011 09:31) Posted:

Long-term holding means just that...

to hold and hold and hold and hold for the long term,

never to sell at all, no matter what happens.

An investor who sells say eg. once a year

automatically becomes a trader,

whether he sells or buys... Smiley

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des_khor
Supreme

17-Jun-2011 11:39

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HULUMUS !

iPunter ( Date: 17-Jun-2011 09:31) Posted:

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