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cyjjerry85
Elite |
11-Jun-2008 09:46
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hmmm...i doubt there's any profit to take..hehee~ |
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AK_Francis
Supreme |
11-Jun-2008 09:39
Yells: "Happy go lucky, cheers." |
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selling or in the other word, profit taking, how?? had seen heavy selling last few days leow, still got selling. as for profit taking, red for few days, buy dip and sell in strength?? where is the strength???? CO down 2 days, buy in dip may be a bit viable. AK view loh. acc Singtel just now, and will leave the screen for whole day leow, as nothing to get interest. see kopi tiam got chiu boo or not. hv a nice day. cheers. |
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cyjjerry85
Elite |
11-Jun-2008 09:21
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the region around 12200 level seems to be a good support level judging from the past three days...as well as the charts for the past from Jan-March this year |
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yipyip
Master |
11-Jun-2008 07:50
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DOW +9.44 +0.08% 12,289.76 NASDAQ -10.52 -0.43% 2,448.94 S&P 500 -3.32 -0.24% 1,358.44 OIL - 3.04 -2.26% $131.31 |
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sterny
Member |
11-Jun-2008 07:41
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i smell something fishy. ahah |
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yipyip
Master |
11-Jun-2008 00:43
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CNBC Saudis Boost Oil Output Tuesday June 10, 11:16 am ET Saudi Arabia's oil output increased by almost 500,000 barrels a day this quarter, to 9.54 million barrels, sources in the Saudi Oil Ministry told CNBC. The current oil prices are unreasonable and unacceptable, the sources said, adding that no date has been set for a meeting between producing and consuming countries. Oil prices retreated after the exclusive CNBC report. Earlier in the day, OPEC member Kuwait said it backed Saudi Arabia's call for a meeting of oil consumers and producers to discuss high prices. OPEC's second-largest oil producer Iran also welcomed the Saudi proposal. |
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louis_leecs
Elite |
10-Jun-2008 23:09
Yells: "half cash" |
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selling presuure akan datang,,,,,later 12000point coming,,,,,,,,,,,,,,,,,,,,,,,,,,any rebound jus a excuse for profit taking ,,,,,,,,,,,,,,,,,,,,,,, |
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CWQuah
Master |
10-Jun-2008 22:39
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Interesting conundrum. But the Fed invented the term auction facility - a tool to increase monetary supply to banks directly without changing the official fed interest rate. So in a way there's no need to drop fed rates to boost liquidity. In a way, any drop in USD is still likely to take place only after some time. In any case, it's important to note markets are already beginning to price in interest rate hikes, which is why USDYen is doing almost 107 already. USD is actually doing uptrend. With this we see gold failing to breach the $900 mark repeatedly. As for why oil still seems to be trading at all time highs, just look at the daily volatility; do oil fundamentals change every 30 minutes??? It's pretty obvious speculative elements are at work. |
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idesa168
Elite |
10-Jun-2008 22:32
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To everyone's surprise that DJ now in green 23pts.... Futures was -100+pts in the afternoon. |
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winsontkl
Elite |
10-Jun-2008 22:17
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Just wondering....if Europe were to raise interest rate as commented last few days and US held interest rate status quo...wouldn't that cause great imbalance and further hike in inflationary pressure eg. oil as most commodities are price in US dollars..... Any comments..... |
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cheongwee
Elite |
10-Jun-2008 21:51
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Short term rate can be play, but not long term rate is control by market.. Fed will not increase rate that all. I dont think they dare to increase,unless they want to bite the bullet. They got no gut. Cause election .And with the credit crunch and housing crise still on. Now, they are toasted, increase,reduce or stand still, they are out of ideas.,cause the dollar is so weak. The dollar is been play because of Ben comment, but the bigger picture is still down. Sell to strength, DYODD |
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winsontkl
Elite |
10-Jun-2008 21:45
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INFLATION = RISE IN INTEREST??? |
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aleoleo
Master |
10-Jun-2008 21:13
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Futures drop after Bernanke's inflation warning NEW YORK - U.S. stock index futures fell on Tuesday after Federal Reserve Chairman Ben Bernanke said the central bank would strongly resist rising inflation, reviving fears that interest rates may be on their way up. Bernanke's comments rattled markets across the globe, with Asia falling overnight and European equities down for a fifth straight day on Tuesday. The prospect of higher borrowing costs for businesses and consumers as the economy grapples with damage from the housing slump puts pressure on U.S. stocks across the board. |
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AK_Francis
Supreme |
10-Jun-2008 11:16
Yells: "Happy go lucky, cheers." |
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if tech related industries never perform, they will affect Nasdaq. Venture Corp is a contract mfr for the global electronics industry. It got much dealing with many US based electronics coy. If Nasdaq down and Venture goes up, then that would be another interesting thing to see leow. |
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cyjjerry85
Elite |
10-Jun-2008 04:36
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interesting sight...DOW was up in green...Nasdaq was down in the red...and S&P being flat Dow rises, but Nasdaq stays downWall Street sees a choppy session as investors consider Apple, Lehman, falling oil prices and some cautious comments from Fed officials.NEW YORK (CNNMoney.com) -- The Dow managed gains but the broader market lagged Monday as investors weighed Lehman Brothers' big quarterly loss, Apple's announcement of a new iPhone and some cautious talk from a pair of Federal Reserve officials. Oil prices retreated more than $4 a barrel, but failed to reassure investors worrying about inflation. The Dow Jones industrial average (INDU) gained 0.6%, according to initial tallies, while the broader Standard & Poor's 500 (SPX) index ended barely higher. The Nasdaq composite (COMP) lost 0.6%. Lehman's quarterly loss dragged on its stock and eventually on the broader bank sector. Apple (AAPL, Fortune 500) shares plunged 4% as the company announced a cheaper, faster phone at the World Wide Developers Conference in San Francisco. (Full story) A pair of Fed officials issued comments adding to concerns that the central bank may have to raise interest rates later this year to counter higher inflationary pressure. New York Fed President Timothy Geithner gave a speech to that effect, as did Dallas Fed President Richard Fisher. "We're fragile after Friday's selloff and you're seeing the Nasdaq get hit the worst today," said Joseph Saluzzi, co-head of equity trading at Themis Trading. "The Fed speak has been a factor too, with a few guys coming out talking about the inflation risks." He said investors were dumping Apple shares as they sorted through information coming out of the conference, and that Google (GOOG, Fortune 500), Research in Motion (RIMM) and other techs were getting hit as well. On the upside, a surprisingly strong May sales report from McDonald's helped lift the retail sector. Dow stocks Alcoa and Exxon Mobil rallied, even though commodity prices declined. In addition, the pending home sales index, a measure of sales under contract to sell in April rose 6.3% versus forecasts for a drop. In other news, presumptive Democratic presidential nominee Barack Obama has called for Congress to inject another $50 billion into the economy amid the economic downturn. Stocks sank Friday, with the Dow losing 395 points, after oil prices spiked more than $11 a barrel and the May jobs report showed a big jump in the unemployment rate. |
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cyjjerry85
Elite |
10-Jun-2008 04:07
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up down up down....now see DOW going up...i also got phobia hope won't kana cheated...really hope it brings us up...portfolio already very red....pls go up.....sigh* |
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AK_Francis
Supreme |
10-Jun-2008 00:44
Yells: "Happy go lucky, cheers." |
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could be a pseudo technical rebund, at this moment. what happens after their lunch break, dun know leow?? |
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gnoik14
Member |
09-Jun-2008 22:38
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this dow beri funny. now rally again after lao sai on fri. |
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winsontkl
Elite |
09-Jun-2008 22:25
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Dow V green today... |
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CWQuah
Master |
09-Jun-2008 17:59
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Interesting close. It looks like there might even be an attempt to clear 12338 tonight. |
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