Latest Forum Topics / Straits Times Index |
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STI to cross 3000 boosted by long-term investors
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hpong5
Master |
20-Mar-2011 16:17
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Depending on what news STI wants to focus on tomorrow to set its tone. Not going to be an easy call especially it can be easily manipulated like last friday. | ||||
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risktaker
Supreme |
20-Mar-2011 12:40
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Australian dollar set to rise again. As commodity pick up once again due to the rebuilding process from japan in near term. Currency players should start going for long :) | ||||
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risktaker
Supreme |
20-Mar-2011 12:35
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Tokyo (CNN) -- Crews struggling to bring the crippled Fukushima Daiichi nuclear plant under control had some success Sunday as cooling systems at two of the facility's reactors were working, Kyodo News reported. Earlier, workers had connected electric cables needed to power up cooling systems in the damaged reactors. The plan is to get power up and running for the Numbers 1, 2, 3 and 4 reactors soon. Officials with plant owner Tokyo Electric and Power Company told CNN that the company still has to conduct safety and stability checks on the circuit before throwing the switch. Cooling systems at the Numbers 5 and 6 reactors -- the least-troublesome of the group -- have already been restored, Kyodo News said. The cooling systems are essential to keep temperatures low, curb the further emission of radioactive material and, in a worst-case scenario, prevent a full nuclear meltdown. A meltdown could occurs when nuclear fuel rods get so hot that they melt the steel and concrete structure containing them, spilling out into the air and water with potentially deadly results. But there is no guarantee that the cooling systems will work.
" We do not know if the water pumps are damaged and if they will still work when power is restored," said Graham Andrew, a special assistant to the director of the International Atomic Energy Agency. Meanwhile, authorities set up a new system using an unmanned device that sprayed seawater continuously on the No. 3 reactor's overheating spent nuclear fuel pool. A Tokyo fire department official said the system began operating around 2 p.m. Saturday and can spray water for up to seven hours at a time. Previously, firefighters, soldiers and electric company workers had manually done the same in brief intervals to avoid prolonged radiation exposure. The water, pumped from a nearby port and then funneled to the system, was directed at the No. 3 reactor's spent fuel pool in order to cool it and prevent the emission of more radioactive material into the atmosphere. Authorities have also started spraying the No. 4 reactor. The news comes soon after the Japanese government considered halting the sale of food from farms near the Fukushima plant after abnormally high levels of radiation were found in milk and spinach. Very small amounts -- far below the level of concern -- of radioactive iodine were also detected in tap water in Tokyo and most prefectures near the Fukushima Daiichi plant damaged by last week's monster earthquake and tsunami. Chief Cabinet Secretary Yukio Edano said levels of radiation exceeding safety limits stipulated by Japanese law were found in some samples of spinach and milk from the Fukushima and Ibaraki prefectures but authorities said the radioactive iodine-contaminated food posed little risk. Tainted milk was found 30 kilometers (18 1/2 miles) from the plant and spinach was collected as far as 100 kilometers (65 miles) to the south, almost halfway to Tokyo. " Though radioactive iodine has a short half-life of about eight days and decays naturally within a matter of weeks, there is a short-term risk to human health if radioactive iodine in food is absorbed into the human body," warned the International Atomic Energy Agency. A person who consumed the tainted food continuously for a year would take in the same amount of radiation as a single CT scan, Edano said. That's about 7 millisieverts or double what an average person in an industrialized country is exposed to in a year, according to the U.S. Food and Drug Administration. Beyond Saturday's food safety announcement, there have been few indications of any immediate fallout from the nuclear crisis. Airborne radiation levels around Japan have shown no signs of spiking drastically, according to measurements posted online Saturday by the nation's education and science ministry. Most readings showed detectable but relatively small amounts of radiation. Even the two top readings in Mito (in Ibaraki prefecture) and Utsonomiya (in Toshigi prefecture) are well below what's considered dangerous to humans and had fallen in recent days. Still, no one has said that authorities are in the clear. In fact, authorities acknowledged Friday that the situation is far more serious than they'd originally estimated. " We sincerely apologize ... for causing such a great concern and nuisance," said a statement from Masataka Shimizu, the president of Tokyo Electric. And the company's managing director, Akio Komori, broke down in a tears after leaving a news conference in Fukushima at which exposure levels were discussed. Six members of the emergency crew at the plant have been exposed to more than 100 millisieverts of radiation per hour, the equivalent of getting 10 chest X-rays per hour, Tokyo Electric Power Company said. The utility said the workers were exposed when trying to restore electricity to the stricken reactors in hopes of using the cooling systems again. Tokyo Electric had raised the exposure level for emergency workers from its previous standard of 100 millisieverts per hour to 250 millisieverts. People are naturally exposed to about 3 millisieverts of radiation a year. The International Commission on Radiological Protection recommends no more than 50 millisieverts exposure in a given year for nuclear rescue and recovery workers. It offers no restriction in a crisis when " the benefit to others clearly outweighs the rescuer's risk." CNN's Yoko Wakatsuki, Stan Grant and Steven Jiang contributed to this report
Good News :) |
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yummygd
Supreme |
20-Mar-2011 11:49
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what now? oh well at least it signal the start of the end
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risktaker
Supreme |
20-Mar-2011 10:53
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unfortunately it did crack for a while as some BBs wanted to cash out " DBS is one of huge seller" . But Support is strong :P Dont worry.
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dealer0168
Elite |
20-Mar-2011 10:46
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hehe, no one can predict the actual way market move. Let monitor closely......... Remember that time u thk noble won't drop below $2, but it did.
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risktaker
Supreme |
20-Mar-2011 10:36
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unlikely for this current situation :P As it has been factored in.  Since Saudi has already made up the losses and Japan demand falls. Oil should be trading witin a tight range. between US $96-$102 range. Good News for Japan Nuclear Plant .... Seems the worst is gonna be over ....... power cables are connected to reactor 1 and 2 ... and Temp in Reactor 5 & 6 is dropping. Tons of water is pouring into Reactor 3 .... Things are going smoothly so far ! :)
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dealer0168
Elite |
20-Mar-2011 09:41
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war start mean oil price  will grow. Should go into oil related counter. ![]()   |
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risktaker
Supreme |
20-Mar-2011 09:28
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War or no War - Libya main oil supply has already stopped since 2 weeks ago and Saudi has increase its output to meet the shortfall.  - Furthermore easing the oil prices is  Japan Earthquake  destroyed refinery, roads, cars therefore short term wise oil demand will drop in japan. Like I say yesterday Libya news is old news and has been factored in. 1) BBs are happy that the westerners finally took action on Libya and not dragging it anymore. (Because the west want Gadhafi Out - so cease fire will never work)  2) Japan 300 seems gaining ground on its nuclear containment. The worst is over :) Start collecting some blue chip --- BOSAYOR |
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ktnpl2005
Member |
19-Mar-2011 12:49
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In army parlance, I have sent in my commando force for the kill while my main force remains on standby ready to provide reinfocements if needed. | ||||
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ktnpl2005
Member |
19-Mar-2011 12:44
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Although there is some inherent risks but that is the nature of the market.  The risks has somewhat subsided and it is an opportune time to be lightly vested now especially for those with no immediate use for their cash.  At the same time, it is definitely too early to throw everything at the market right now.  It is an especially good opportunity for investors who are looking at good returns.  Most importantly, with the exception of the rare expert trader, the man on the street should only invest using spare cash without resorting to leverage, keeping plenty of reserves in case things make a turn for the worse. | ||||
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lowchia
Veteran |
19-Mar-2011 11:42
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Technical Analysis on STI STI index has been re-tested at the 6 month old critical support at 2915 in this week. 1)  In weekly charts, a long black candle stick with little upper/lower shadow affirms investors have no hesitant on selling the stocks for safety. 2)  The weekly trading volume increases as fear kick in to prompt traders to en-cash their stocks. 3)  MACD and RSI indicators are bearish as RSI trend downwards. 4) STI is currently supported by the critical support at 2915. 5) STI 2915 support is expected to be strong and critical. If this support were to be breached with high volume, it is likely STI may fall as low as 2684 since there are no major support after this level. Important resistance of STI: 2938 (Daily charts) Immediate Support of STI: 2915 (Daily charts) MY tactics: .................. READ MORE   |
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hpong5
Master |
18-Mar-2011 21:23
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Ya, just announced in the news. US futures and Europe markets all surge further.
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YSL888
Senior |
18-Mar-2011 21:21
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Good News!! Gadaffi cease and halt fire claiming Libya also part of UN's member so will accept UN with respect. Ha Ha, opponent's figther jet hasn't even crank to start the engine, our friend surrender already. Any way, good news that now is bringing now the oil price and DOW's future is rocketing up.
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risktaker
Supreme |
18-Mar-2011 21:18
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libya announce ceasefire liao lor. japan nuclear crisis easing very.nicely. dont spread panic. u still can buy next week.
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Hulumas
Supreme |
18-Mar-2011 20:58
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Profit taking!
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YSL888
Senior |
18-Mar-2011 20:28
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War beginning very soon!! With France led air strike in Libya and Gadaffi's force will fight back............War breakout. Watchout
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Bon3260
Supreme |
18-Mar-2011 20:05
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I like it... ('',) Hint - Buy those Counters dat BBs r still inside... Qns: How 2 c BBs r still inside e Counters? Ans: Select those nice Charts... Qns: How 2 c they r drawing a nice Charts? Ans: When closing abt last few mins, they purposely buy few lots high... Qns: So many Counters were last few mins hv pple bot few lots high. How 2 chose? Ans: Select those Counters dat since Mar2009 dat hvn't climbed much. Expesicially those hv announced daily share buy back... Qns: Looks like only Meiban Gp, Innotek & Frencken... Ans: Yes... Cos when Mkt gg 2 crash, Tech Sectors always e last run...
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hpong5
Master |
18-Mar-2011 19:00
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Why STI plunged in the last hour? | ||||
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risktaker
Supreme |
18-Mar-2011 18:36
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Nuclear crisis shall be over soon. Libya will return to focus. However Libya is old news.... which the market already factor in much of it. We expect eventually the Rebel will take over the government since UN has approved the no fly zone. As Nuclear crisis eased and Libya problem shall be short-lived (Without the support it might drag for a longer time). No one wants to keep shares over the weekend as uncertainty still loom among BBs and investors. I expect market to cheer over next week.If you have holding power... start some collections on certain stocks that have really tested its bottom especially blue chip that is oversold. Good Luck. Choose wisely and i am sure you can make $$$ in near term. No Risk No Gain. :)  HUAT AH BOSAYOR ----  STI  might trade around (2920- 3050) for the next week. |
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