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STI to cross 3000 boosted by long-term investors
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Livermore
Master |
12-Jan-2008 09:14
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Now is a difficult time to trade but if you can see value in some counters it would be a good to slowly accumulate. |
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cyjjerry85
Elite |
12-Jan-2008 01:18
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hopefully this title of the thread doesn't materialize any time this yr...hahah` now DOW is so DOWN...our counters...gosh* gonna plunge aGaIN |
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simck001
Senior |
11-Jan-2008 20:43
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Thanks CashierTan for the advice & encouragement. |
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elfinchilde
Elite |
11-Jan-2008 15:17
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eh, huatah, i suggest we take this over to the fellowship thread...irrelevant topic to sti... *@&)&# index!!! thank goodness not in warrants for this period of time... |
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huatah
Veteran |
11-Jan-2008 15:15
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haha.. wat a way to describe yourself.. heehee.. really har.. ops!!! Cheers.. |
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elfinchilde
Elite |
11-Jan-2008 15:09
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lol. sometimes, GA is the best thing to use. haha. anw, the lady obliges. posted on yzj thread already; lets not bug the other forumers here. haha. cheers! separately, i think the new index is crazy. fluctuates worse than this temperamental elf. haha. |
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huatah
Veteran |
11-Jan-2008 14:48
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no worries elf.. i m always welcome feedback.. at de end of the day.. decision still mine.. no one to blame.. it has been a great talking chatting wif u.. and learning new ropes too.. Cheers.. But seriously.. now.. i start to feel like handicap.. dun noe how to trade.. dun noe how to look for indicator liao.. heehee. gotto to use GA.. if u r not out there to assist.. heehee.. |
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cyjjerry85
Elite |
11-Jan-2008 14:43
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clueless....confusing directions tt many thought DOW would lead us...but in fact...the fear is still in within to create the downward pressure |
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elfinchilde
Elite |
11-Jan-2008 14:43
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oop, paiseh. used the term so often that i forget have to explain. DCA = dollar cost averaging. it's a technique used by value investors, rather than traders. but i find it works for traders who happen to be caught in a counter. briefly, it's about averaging down, so you bring down your cost px lower. note that it'll only work for (likely) blues and counters with good fundamentals tho. some stocks will just tank and tank and stone for years (mostly the pennies). as a trader, if you opt for DCA rather than cut loss, it means the differential between current px and lowest possible is less than the loss if you were to cut now. take sembcorp as a hypothetical eg: if bought at 5.40 x 2 lots. = $10,800. current px = 5.06. ie, a cut loss => $680. but lowest sci is likely to go to is 4.88 (nov low), then perhaps 4.64 in a panic drop (but unlikely--same day recovery on aug 17 was to 5.05). ie, makes more sense to put a second strike in at 4.88 x 2. reserve further cash for 4.64 x 2. So worst case scenario = 6 lots of sci at ave px of ~4.97. considering the TP of sci is about 6.5, that's a worthwhile buy. plus, collect divvie along the way too. and technically speaking, for sci to hit back 5.2 is not a problem. ie, you'd profit (5.2 -4.97) x 6 = 1,380. hence in this scenario, more worthwhile to DCA than to cut loss. PS: huatah, i'm watching yzj anw, so will just let ya know if i think it's turning. no prob. caveat emptor as always tho; pls don't take me as a guru or being always right, cos that, i definitely am not! hehe. |
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huatah
Veteran |
11-Jan-2008 14:40
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nowadays.. hard to find right tone.. DJ down tat day.. STI up.. yesterday.. DJ up.. today STI down.. speechless.. |
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paperless
Senior |
11-Jan-2008 14:38
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SO who say STI will not trade below 3300?? Successful traders know how to deprive someone's wealth. Do you know how to do it? Don't trade for hope. This place has no mercy for you. Before you 'long' it, please make sure you are a Talent, Before you 'short' it, please make sure you are an Elite. If you have extra pocket $$$$ ready to lose, pls donate it to your family members that hardly need it. |
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huatah
Veteran |
11-Jan-2008 14:36
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tks elf.. as usual.. veri kind of u to share.. noted. |
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cyjjerry85
Elite |
11-Jan-2008 14:31
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elfin...care to elaborate wad is the DCA strategy? thks in advance 
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elfinchilde
Elite |
11-Jan-2008 14:27
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...macro view: may be wise not to trust any short term tech rebound that happens today. major US data out tonight; dow may not be able to hold up: ie, fresh wave of selling in spore on mon. track px of gold as a weathervane: it's shooting beyond its resistance like nobody's biz. that's an idea of long term (ie, til march at least), how the BBs think the market will be. (gold runs counter to stock market). |
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elfinchilde
Elite |
11-Jan-2008 14:23
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heylo huatah (man, i like your nick! hehe), getting caught: it's ok, it happens to the best of us. just gotta learn the lesson. may not be worthwhile to cut now tho, since if you bought at previous high 2.50+, the loss is less worthwhile to take than a DCA strategy when the stock goes to its lowest. assuming you have funds to put in. pls be psychologically prepared for it to go much lower tho....as in 1.30-1.50s range....just stay calm. DCA strategy may work better if you're caught in this baby. good luck! :) caveat emptor as always yea.. |
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cyjjerry85
Elite |
11-Jan-2008 14:14
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STI to recover by 5pm... ....?hmmm...i really hope so too...but this current situation is really red....at the moment broke 3300...already negative 30+ after lunch hours |
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huatah
Veteran |
11-Jan-2008 13:57
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tks elf.. caught by yzj liao.. see how it goes.. if need to cut.. will do so.. Cheers |
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elfinchilde
Elite |
11-Jan-2008 13:44
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update: yl, yzj tanking still. those tempted to enter, may be better to wait first. appears to have started a new downtrend. sama sama sgx. support at 10.7 with this new dip. trade with care. |
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elfinchilde
Elite |
11-Jan-2008 13:42
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cos the new index is only 30 stocks now, cf to 47 before. means it's much easier to manipulate the counters now (by % weightage). of the 30 component stocks, a lot (sci, sgx) are actually breaking lower bollie already. seems to me that today it's held up only by capland and singtel. ie, major manipulation going on.... i don't know the individual weightages. but it just doesn't seem to tally. sgx, sembcorp and ocbc/other banks down; should have brought down the index by a lot more. plus, 188 gainers vs 475 losers, why's the index still positive? mathematically, it doesn't add up... conclusion: new sti is not representative of general market. need to choose other weathervanes already.... |
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huatah
Veteran |
11-Jan-2008 13:37
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Hi elf.. indeed.. i share de same sentiment.. it simply doesn't tally for yesterday and today trading. It was reported tat yesterday was soley due to Cap n Singtel.. Anyone to advice? |
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