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STI to cross 3000 boosted by long-term investors
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Livermore
Master |
12-Nov-2007 18:41
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Hi Mani, Thanks:). There is only one stock which I only sold today. I sold at a nice profit. I did not sell earlier as I wanted to see if it could defy STI drop just like Noble Group and surge even further up. But it did not. So the stock was telling me to take profit. |
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Manikamaniko.
Master |
12-Nov-2007 18:32
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Livermore... :) Yup... that's really great... To me that's trading! ... The longer term trader holds his stocks longer to achieve more gain... and that's what I call great trading... I sometimes hold a stock for 3-6 months too, then sell off... 
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Livermore
Master |
12-Nov-2007 18:19
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Hi Mani, Sigh, you forgot what I said before. I did say as a long tem investor you need not be a "die die" must hold investor. By selling off during a correction and buying back those stocks with long term potential, you make more profit in the long run. After the correction is over, I don't just buy any stocks. I buy those with long term potential. Hope you got out in time. I did warn that it might NOT be a time to buy when Dow crashed (cannot remember when but about 2 weeks ago I think) and some were eager to buy and some even said "Don't sell your stocks". |
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ozone2002
Supreme |
12-Nov-2007 18:10
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today presents a DAMN good buying opportunity.. I bought OCBC, Synear, Midas and many more.. all at the lows.. waiting for more prize catches to fall.. December rally here i come.. :) Be GREEDY when there's Fear.. |
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Manikamaniko.
Master |
12-Nov-2007 17:29
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Fairygal... :) There are people who like to 'catch falling knives' too and then have their fingers cut... The stock market is really not for 'wishy-washy' types who simply like to have their own opinion just to be cleverer than the other guy... On the contrary... the stock market is a harsh 'rough and tumble' place where one must have the grit and teeth to cut loss as a defensive move ... 
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NanaShigeru
Member |
12-Nov-2007 16:34
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Is it true that Fed may be cutting interest rates again? How soon and to what extend it will help boost the situation now? |
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Fairygal
Veteran |
12-Nov-2007 16:27
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To each their own. You are free to cut losses if you choose to. However, dun forget that someone who buy from you has his or her reason to buy your lots. As long as we are comfortable with our actions, that's all that matters. When there are profits, there are losses as well. It's how you play the game! |
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dinola
Member |
12-Nov-2007 16:22
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Hi Elidor, no intention to break your spirit, but how possible can retail investors go against the wish of BB? STI and KLSE combine is only 2% of world mkt, how can we not be affected by DOW, Nikkei, HangSeng? Yes, in micro view, we?re ok, but the world is not. Nonetheless, I wish you?re right and STI continues its rise pass 4000. For now, I?m just happy to cut my losses. All the best! |
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Elidor
Member |
12-Nov-2007 15:54
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From my point of view, I can't understand the bad performance in our market here. After all our exposure to the sub prime thingy is quite limited and the STI should not perform so bad. I will only be afraid when our local banks release the bad news. I believe that the situation is not as bad as many investor think it is. However problem is many people are panicking and as a result many counters are over-sold. I hope to appeal to all to bear in mind that there are many good news and many companies had registered strong growth and profits. I support Fairygal's point that it is we the investor that stand to lose during this viking ride, thus I hope we can rally together so as to remain resilent during this shaky period and not fall into the BBs trap. God bless the market and best wishes to all. Big money! Big money! I pray that the wheel of fortune will turn in our favour soon. |
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jennlsk
Member |
12-Nov-2007 15:47
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DJ MARKET TALK: STI Technical Indicators Remain in Sell Mode-CIMB (2007-11-12 06:38:00)
0638 GMT [Dow Jones] CIMB says STI technical indicators remain in Sell mode, expects index to decline this week. "There is a good chance the index could ease to close the gap at 3,470-3,520. There is no sign of a turnaround just yet. Investors should wait a little while longer before jumping in again." Says over next 2-6 months, index easing off after failing to break long-term middle band resistance at 3,780-3,850. "The index''s bearish Evening Star pattern (in weekly chart) is still in play. This pattern usually signifies a top in the current trend. Indicators have stayed mixed at the moment. However, a break above the 3,906 level would nullify this bearish pattern." Says in long term, still expects bulls to try to push past 3,906 level, boost index toward 4,015-4,226 levels. Tips index to continue to ease to strong support at 3,500. STI currently down 2.6% at 3506.77. (LES) |
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Fairygal
Veteran |
12-Nov-2007 15:44
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Can you imagine from the credit crunch, billions of dollars of bad debt are being written off. I doubt they can be recovered subsequently, albeit a fraction perhaps. Wow, that's a lot of money......within the "bad debt" community in the country. |
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NanaShigeru
Member |
12-Nov-2007 15:37
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Fairygal I supposes those "losses" are specific provisions for bad debts which need to be charged to the income statements and thereby reducing the profits. If the debts can be recovered subsequently, there will be reversals of provisions. Correct me if I'm wrong... |
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reisspoh
Member |
12-Nov-2007 15:32
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feels like hurricane coming ... there's a sudden calm before the storm kind of feeling now ... scary |
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Fairygal
Veteran |
12-Nov-2007 15:27
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Whilst all these major banks lose billions of dollars, where actually did the "LOST" money go to? Anyway, they have been making billions of dollars during better times too! I think the "victims" are really people like us who invest in the stock market, and subject to the viking swing. BBs would hav known the market is coming down as they have the full set of figures in front of them way way before us. So trade with care and trade within your means, not on borrowed money or no money. Don't panic sell, which is exactly what the BBs are targeting. A lot of counters are very much oversold. Just trade cautiously. |
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NanaShigeru
Member |
12-Nov-2007 15:21
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wonder when citigroup will announce the losses and how much. |
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dinola
Member |
12-Nov-2007 15:13
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Please exit when the demage is still not so Siong. This evening HSBC and Barclay got announcement. If it's another Billions dollar write-off due sub-prime, Dow will fall badly and tomorrow STI will crash! |
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jasonfaxingliu
Senior |
12-Nov-2007 15:13
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I think the BBs is on electronic trading like in the US so it automatically sell or buy depending on their computerise software... so you see when index down, selling off is almost automatic any one can advise? |
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Manikamaniko.
Master |
12-Nov-2007 15:01
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HarryP.. :) |
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yipyip
Master |
12-Nov-2007 14:49
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Singapore shares fall on Wall St, banks lead losses DBS XD $19.800 -$0.700 -3.4% $202,888K FIN Capitaland $7.100 -$0.300 -4.1% $102,851K PROP SGX $13.500 -$0.800 -5.6% $86,642K FIN UOB $19.600 -$0.500 -2.5% $80,992K FIN SingTel $3.780 -$0.080 -2.1% $73,056K TSC Kep Corp $13.300 -$0.400 -2.9% $72,728K Multi OCBC Bk $8.500 -$0.150 -1.7% $69,471K FIN |
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harryp
Veteran |
12-Nov-2007 14:16
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Alamak! Livermore also dumped already.. :)) |
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