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STI to cross 3000 boosted by long-term investors
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richtan
Supreme |
14-Apr-2009 16:29
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Be careful, HSI is nearing strong resistance around 16,000, formed double top recently only. has been running up from around 12,000 without any meaningful correction. A correction should be akan datang leow. Dun get caught with your pants down holding hot potatoes hor!!!
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richtan
Supreme |
14-Apr-2009 16:23
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Alemak, be modest & humble lah, no need to declare your profit here, keep it to yourself lah.... iras won't come after u for not declaring here mah..
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des_khor
Supreme |
14-Apr-2009 15:21
Yells: "Tell me who is the God or MFT from this forum??" |
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eat viagra ??
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Blastoff
Elite |
14-Apr-2009 15:20
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HSI closed yesterday, today trying to catch up....
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idesa168
Elite |
14-Apr-2009 15:12
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How come HSI in green green but STI Ang Ang... | ||||
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Hulumas
Supreme |
14-Apr-2009 12:38
Yells: "INVEST but not TRADE please!" |
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I start selling blue chips and switch into 3rd liner counters and selling them all by next week.
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des_khor
Supreme |
14-Apr-2009 12:25
Yells: "Tell me who is the God or MFT from this forum??" |
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I play 2nd 3rd liners now...so far profit about 4ks....
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richtan
Supreme |
14-Apr-2009 12:17
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But if closing down, tat is bearish!!, knowwww... Even if close up, still cautious, possibly bull trap, would not chase after stocks as chart shows bearish divergence between price action & stoch. Would rather wait for pullback. I'm sure there are plentiful opportunities as this is a trading market.
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keepnosecrets
Master |
14-Apr-2009 12:09
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This half bear half bull run just started not so long ago and surely there will be many traders making plenty of money. Imagine buying any of the big three banks for a song last month or late February, your profit should be average 30 percent, i.e 100K, you made 30K. 200K you made 60K and those investing 300K should laugh very loud now. For me, I made some small profits because I am very careful and my bank brokers always traded against me, so I scared lah. They have big chunks of money from the bank treasurey, but I am just a poor man so how to fight them going against your every position? But I hope to meet one Mongul who would be interested to take on the bank brokers and if lucky, we can see good action. Cheers. |
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des_khor
Supreme |
14-Apr-2009 11:57
Yells: "Tell me who is the God or MFT from this forum??" |
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today we will see 2 Bil mark !! | ||||
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richtan
Supreme |
14-Apr-2009 11:03
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7 Reasons Why the Big, Bad Bear Will Return: http://www.moneyandmarkets.com/7-reasons-why-the-big-bad-bear-will-return-3-33047 |
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wongmx6
Veteran |
14-Apr-2009 10:55
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I support you, we need to share and benefit each others. |
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richtan
Supreme |
14-Apr-2009 10:29
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I dun see the need to brag in the forum, it is better to be humble & modest. The forum objective should be for sharing of info & knowledge so tat we all collectively benefit from each other & this should be the right culture to adopt here. Forumers right mentality should be: "As we have benefitted, so we shall share".
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AK_Francis
Supreme |
14-Apr-2009 09:27
Yells: "Happy go lucky, cheers." |
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Ha ha, chances for market to take a breath loh, after 2 days rally. MFTs ard, anything may happen, even after lunch break. | ||||
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wongmx6
Veteran |
14-Apr-2009 08:57
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Singapore GDP for the first quarter slide 11.5%. It's huge. Full Year GDP downgrade to -6% to -9%. |
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aleoleo
Master |
14-Apr-2009 07:28
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PPI and GS is posting a good result .... market should cheong today ... Goldman announces $5 billion offeringFirm hopes to use proceeds to repay TARP funds, pending 'stress test' resultsSAN FRANCISCO (MarketWatch) - Goldman Sachs Group Inc. said Monday that both profit and revenue rose in its first quarter and announced it has commenced a $5 billion stock offering to help repay funds issued under a government emergency relief program last year.
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mkrji2002y
Member |
14-Apr-2009 00:35
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Dont be carried away buy those who claimed they made these or that much.Anybody can post and claim that they made this much or that much. Truth is, those who made money like those who struck 4D.etc will keep quiet. It is time to go for medium and long position. Be open and prepared to adjust down the road. | ||||
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lookcc
Master |
14-Apr-2009 00:14
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soros. | ||||
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richtan
Supreme |
13-Apr-2009 23:40
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Russell 2000 Rising 36% Flashes Warning for S&P Rally (Update2) By Lynn Thomasson April 13 (Bloomberg) -- The Russell 2000 Index’s record one-month gain is sending danger signals to investors who remember how similar rallies in U.S. stocks came to an end. The gauge of companies with a median value of $301 million is beating the Standard & Poor’s 500 Index, where stocks have an average market value of $6.5 billion, by 9.8 percentage points. Gains in the Russell 2000 are being led by an 11-fold jump in Spansion Inc., a bankrupt chipmaker, and a sevenfold rise for Hayes Lemmerz International Inc., a wheel manufacturer that hasn’t had a profit since 2006. While small-caps tend to lead the way out of bear markets, when they have outpaced larger stocks by this much, both indexes erased gains and fell, according to data compiled by Birinyi Associates Inc. Increased trading and ratios of advancing to falling stocks have also risen to levels that preceded declines, boosting investor concerns that the S&P 500’s 27 percent advance since March 9 will end the same way as the 24 percent rally that fizzled in January. “This move is too explosive to be sustainable,” said Jack Ablin, chief investment officer at Chicago-based Harris Private Bank, which oversees $60 billion. “None of the structural underpinnings of the market have really changed. It’s going to be a multiyear healing process.” The S&P 500 lost 1.1 percent to 847 as of 9:51 a.m. in New York, while the Russell 2000 slipped 1.8 percent. Profit Slump Bank losses approaching $1.3 trillion spurred the first simultaneous recessions in the U.S., Europe and Japan since World War II last year, pushing the benchmark gauge for U.S. equities down as much as 57 percent from its October 2007 record. Profits among S&P 500 companies have dropped for six straight quarters and are forecast to decline for three more, the longest streak since the Great Depression, according to data from S&P and estimates compiled by Bloomberg. Mistaking a temporary jump for a sustained bull market can be costly. In 41 so-called bear market rallies since 1928 -- gains of more than 10 percent that are later wiped out -- equities fell an average 25 percent after peaking, according to Birinyi, the Westport, Connecticut-based money-management and research firm founded by Laszlo Birinyi. “Buying stocks is like crossing Fifth Avenue when the light is red,” Birinyi said today in an interview with Bloomberg Television. “You might make it, but the odds are not with you.” Steepest Surge Soros Fund Management LLC’s George Soros and BlackRock Inc.’s Dan Chamby also say investors should be wary of the S&P 500’s rise. The surge between March 9 and April 9 ranks as the steepest 23-day advance since 1933, according to data from Howard Silverblatt, an S&P analyst based in New York. Steeper jumps for small-cap stocks one month into a rally are signs of indiscriminate buying and usually come before equities fall, said Cleve Rueckert, a Birinyi analyst. The Russell 2000’s 36 percent climb since March 9 is its steepest since the index began in 1979, according to Bloomberg data. “It’s unusual for a new cycle to start with such an abrupt gain,” Rueckert said. “Bear market rallies are broad. Everything goes up really sharp, really fast and not necessarily for a particular reason.” None of the bull markets tracked by Birinyi included small- caps outperforming after a month by the rate they are now. On average, smaller stocks are tied with the S&P 500 at this stage of a lasting recovery, the data show. Last Time Small-caps were beating larger stocks before the end of the advance in January. The Russell 2000 increased 34 percent from Nov. 20 to Jan. 6, a stretch in which the S&P 500 index added 24 percent. The S&P 500 fell to a 12-year low two months later. “We’re not convinced that this rally will be sustained,” Chamby, who helps run the $23.5 billion BlackRock Global Allocation Fund, said on April 7 in an interview from New York. “We’re defensively positioned, so we are underweight equities.” The S&P 500 added 1.7 percent last week, extending its rebound since March 9 to 27 percent. For 2009, the index is down 5.2 percent, compared with a 6.3 percent retreat for the Russell 2000. Unprecedented stimulus measures may mean history is no guide for handicapping stocks, because the government’s $12.8 trillion of spending to revive the economy will lift earnings and keep stocks from retesting their March lows, said John Wilson of Morgan Keegan & Co. in Memphis, Tennessee. President Barack Obama has proposed a $3.6 trillion budget blueprint that he says will bring tax relief for most working Americans while making investments in energy infrastructure and education. No Connection “I don’t think just because we’ve had a sharp move in the small-caps that it means it’s a bear-market rally,” said Wilson, who helps oversee $120 billion as co-director of equity strategy. “I don’t think you can throw caution to the wind, but you can be cautiously optimistic.” Just 58 companies in the Russell 2000 have dropped since the index reached a six-year low on March 9. Sunnyvale, California-based Spansion and Hayes Lemmerz in Northville, Michigan, led the rebound. The balance of rising shares is another sign stocks may fall, Birinyi data show. From March 9 to April 9, companies on the New York Stock Exchange posted almost 17,000 more single-day advances than declines, a record compared with past equity market rallies. So-called contrarian investors argue that too widespread a recovery shows investors aren’t paying attention to fundamentals such as earnings and economic growth. Advance, Decline U.S. stocks posted the broadest increase since at least July 2004 on March 23, when 21 companies rose for each that fell on the NYSE, according to data compiled by Bloomberg. “We’ve run pretty far, pretty fast,” said Bruce McCain, chief investment strategist at Cleveland-based Key Private Bank, which manages $22 billion. “We would be looking more for an indication of a market that claws its way off the bottom in somewhat slower moves.” Another normally bullish sign that’s increasing investor concerns is the rise in trading volume, Birinyi’s data indicate. Since March 9, the number of shares traded on the NYSE has been about 23 percent higher than in the preceding 200 days. That compares with an average 13 percent climb during the first month of bull markets. Companies in the S&P 500 may report a 38 percent decline in first-quarter earnings and those in the S&P SmallCap 600 will post a 46 percent slump, based on analysts’ estimates compiled by Bloomberg and New York-based Brown Brothers Harriman & Co. More than 30 S&P 500 companies and at least 90 in the Russell 2000 are scheduled to release results this week. The American economy contracted at a 6.3 percent rate in the three months ending in December and is forecast to decline 5 percent in the first quarter and 1.9 percent in the next, based on a Bloomberg survey of economists. “It’s a bear-market rally because we have not yet turned the economy around,” Soros, the billionaire hedge-fund manager who made money last year while most peers suffered losses, said in an April 6 Bloomberg Television interview in New York. “This isn’t a financial crisis like all the other financial crises that we have experienced in our lifetime.” |
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lookcc
Master |
13-Apr-2009 23:32
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it wud b nice if dow close below 8,000. | ||||
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