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STI to cross 3000 boosted by long-term investors
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winsontkl
Elite |
23-Feb-2008 16:59
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With most investors turned cautious, the trend of up and down is obvious....Dow can drop 100 over points and stage a rebound to positive range...likewise can do go in opposite direction without warning.... Basically, at this stage, everyone is waiting for one another, bullish...all jump into the band wagon, bearish....all run for exit.....the fluctuation is wide....best time for traders ....I think. Anyway, with the frequent Up and Down...who is to say STI will be in the green / red??? Interesting... 
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asleep
Member |
23-Feb-2008 16:36
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Why take unnecessary risk by going against the trend? Most people would rather miss some chunk of the gains rather than throwing the gains away. At the end of the day, it does not really matter how much a company is worth or earning to determine the current stock price. The price at the mainboards are only perceived prices. |
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Livermore
Master |
23-Feb-2008 13:21
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When you stood by the sidelines, you would have lost quite a big chunk of the gains for some stocks out there . At the end of the day with due respect to market sentiment, you need to know what you are buying. I am fairly confident the company that does well this year will see their stock prices go up despite all this bearish sentiment. |
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Livermore
Master |
23-Feb-2008 13:13
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At the start of the year when market was crashing, quite a few analysts said market would recover in second half of the year. If one waits till then, you would be buying stock at a higher price as prices have gone up a lot already. As it is, some of the value stocks have gone up quite a bit from their lows. A few were also saying sell on rallies. But some stocks have continued going up and up. |
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novena_33
Veteran |
23-Feb-2008 11:06
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with this type of closing...in US.... 3100...i guess will be tested..... STI cheong har..... |
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cathylmg
Elite |
23-Feb-2008 10:51
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I had a feeling it will rebound since no more new news except the good old blaming the subprime crisis everytime index goes down. Pretty easy target when not performing. Fed interest rate expected to go down. Seems that support level at 3013 is pretty strong. Now is guess whether index will break the 3100 level. Will it or will it not be? |
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CWQuah
Master |
23-Feb-2008 10:07
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Watch 3056/3063/3069/3077/3089/3099. +/-3 pts since mkts tend to oscillate a bit even around significant levels. Key resist - 3100; key support - 3013. Caveat emptor. |
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cyjjerry85
Elite |
23-Feb-2008 05:14
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anyone wanna make a guess how green the STI will be? i m just curious if we could cover back up by Monday what we lost on Thursday over -70... will volume be back? guess probably so it will climb gradually |
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cathylmg
Elite |
22-Feb-2008 18:04
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Exactly. I went in to queue but can't get. was expecting to get some candy but can't get any today. Anyhow, weekend liao. Time for high tea and gai gai again. 
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cyjjerry85
Elite |
22-Feb-2008 17:57
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geez...from a low we closed back up to only -6~! darnz lucky not to have shorted today...it would had been quite an opportunity to buy at the low during morning yea` |
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cathylmg
Elite |
22-Feb-2008 17:46
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Wow! Went out for lunch and gai gai and come back kenna wack left and right.  I pray hard that stocks will rebound soon and US recession goes into hidding. I usually punt on small cap stock such that even the slightest movements renders profits. And also how low can it go? So long as there is volume. Think its the strategy to play during down time instead of betting in US stock market which is on the other side of the planet although what happen there pretty much affects us here. Might lost to their locals when it comes to latest developments.
As for intiatives by govt to keep the economy going ...short live hor....up down up down....buy sell buy sell...good lar, good for punters 
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Arbitrager
Senior |
22-Feb-2008 13:11
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Well said robbie.. I fully agree with you.. Singapore all along has been a price-taker.. so it highly influenced by other economies... Asia decoupling is just another excuse for the traders to push up the mkt.. though i agree india and china are big and will continue to grow probably at a lower rate.. but its absurd to say they can immediately fill up the demand vacuum created by a serious slowdown of US. It take china and india a generation to totally change the current high propensity of saving population to become another consumer spending economy like US. India and China by and large are still major net exporters.. so it impossible to decouple from US. the more ppl try to push up or hold the mkt, the worse the mkt will crash land... now too much cheap $$ and ppl jus received bonuses.. once all these r gone.. that's it.. and i see this coming.. in the world history.. i nv see any stock mkt bull run despite economy is in recession... F1, IR and YOG are intiatives by govt to keep the economy going.. good effort there.. but then all these hipps r short-lived.. and if overall global economy is bad, wat make u think ppl still wan to travel and spend on such things.. imagine yourself only can barely make ends meets.. will u still go for a trip to see olympic or F1 race? Well, for sure, i wouldn't.. so jus some tinkers to think over.. |
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jasonfaxingliu
Senior |
22-Feb-2008 13:01
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Be realistic, who's the buyer? US and other buyers final destination also US. So when US down the whole world down. You and I know well that Asian like Japan, Korea, China, Taiwan... are very protective market. They buy only when they cannot produce. But once they buy it from you, they will copy in no time. So how US finance its Consumer Spending economy? See US A/C will realise and it will go into recession sooner or later |
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robbieczh
Member |
22-Feb-2008 12:51
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Hi cathylmg, I agree with CWQuah, shplayer and asleep. I think you're too overly optimistic about SG economy. So what we have F1, IR and the Y-Olympics? The Singapore market is just too small, and will be greatly affected by other economies around us. USA down, we down. China down, we down. HK down, we down. Japan down, we also down. Crudely put, we're just following other people's backside. In my view, the market will only bottom out when there is not a single sign of optimism around. USA is going into a recession, only a matter of time. And all the cock and bull stories about Asia decoupling from the US is just bullshit. It would happen anytime soon. Perhaps give it another 30 years then I will believe. |
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Farmer
Master |
22-Feb-2008 12:04
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Seems like 3000 support will be tested this afternoon, better take a full lunch first just in case..... |
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cathylmg
Elite |
22-Feb-2008 11:25
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Appreciate you suggestion. Thanks. Learn one more thing today. :) |
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asleep
Member |
22-Feb-2008 11:18
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The trend for this period will be going south. Unless something fantastic happens. If u really wanna make so money, or even a small fortune. Try short selling in the US markets. Sg markets is too controlled to short sell effectively and efficiently. |
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cathylmg
Elite |
22-Feb-2008 11:12
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Praying that this won't happen. Also banging on US presidential election to up the mood. Seem that Ohbama is leading. Wonder how deep is its impact. As for US subprime, I think the problem exist in all country. Singapore had it too. And is still having it. Just that play it up. To much. Very suspicious. |
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asleep
Member |
22-Feb-2008 11:08
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Hi cathymg, I think you are too overly optimistic about how powerful our sg market is. The market will move uptrend when all the dust has settled. It means that the volume should be low and not many people are interested in it. All the weak hands have sold their shares and are recuperating their wounds. The trend should also move sideways for awhile. Neither up nor down. That's when it is at the bottom. |
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shplayer
Elite |
22-Feb-2008 11:03
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cathylmg, Whilst what CWQuah said is pessimistic, it is not improbable...........recall Oct 19 1987 crash, Pan El SGX shut down, dotcom crash, 9-11....etc. If anything like this happens, not even the IRs, F1 and YO will save Spore from its tremor. |
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