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STI to cross 3000 boosted by long-term investors
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elfinchilde
Elite |
04-Feb-2007 01:36
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hey livermore, i like the ten traits you posted up. thanks for taking the time to post that! agree with the point that it takes a mix of both value and growth investing. must disagree with the point about no non-professional value investors making it big though. they do; i know some personally. just that, as victorian says, they tend to be quiet ones, which follows their personality, really, like the picking of undervalued (ie, unnoticed and quiet) stocks etc. |
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Livermore
Master |
03-Feb-2007 20:59
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I just finished this book on 24 Essential Lessons for Investment Success. Here is a small section on "What are the ten traits of successful people" 1. Positive thinking. Almost without exception, successful people think positively. They think success, not failure. They are able to be positive regardless of how difficult the situation, which allows them to rebound from obstacles and problems. Their attitudes determine their fates. 2. Leaders make conscious decisions regarding what they are after, what they want. Then they draw out specific plans to reach their goals. When Muhammad Ali was 13 and weighed only 115 pounds, he made up his mind that his one and only goal was to be heavyweight champion of the world. 3. Goals are nothing without action. We found that leaders and successful individuals are very action-oriented. They are always on the move. 4. Successful people never stop learning. They read books, get extra training to acquire skills and seek out mentors 5. Without a doubt, success is a result of being persistent and working hard. Leaders treat success as a marathon, not a sprint. They don't let themselves get discouraged and they never give up. The Beatles were turned down by every record company in England before their success. Michael Jordan was cut from his high school varsity basketball team. Albert Einstein made an "F" in Maths. Thomas Edison once said,"Many of life's failure are people who didn't realise how close they were to success when they gave up." 6. Successful people learn to analyse details and seek out all the facts. Sucessful people put ego aside to carefully learn from their mistakes in order to improve. 7. Focussing time and money is another key characteristic of success. Learning to save money and focussing time showed up again and again. Successful people don't let other people or things distract them from their goals 8. Success often means doing something differently, being innovative. 9. Sucessful people deal and communicate with others effectively 10. Long term sucess comes from integrity. Those researched were honest, dependable, and took responsibility. Without this final trait, number 1 through 9 won't matter. |
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hybridvestor
Member |
03-Feb-2007 10:07
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As I said before, this market is not for those who are having a faint heart, market up, he worries, market down, he also worries .... :P . |
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Livermore
Master |
03-Feb-2007 09:42
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I am reading this book "24 Essential Lessons for Investment Success." There is a section which explains about growth vs value investing. Here is what the author says. "Broadly speaking, there are two types of investors : growth stock investors and value investors. Growth stock investors seek companies that show consistent earnings and sales growth, usually 20% or more each year for the past 3 or 5 years. The growth stock generates a return on equity of at least 17% to 50%. Normally the P/E ratio is higher. Value investors, on the other hand, search for stock they believe are undervalued, These investors evaluate a company's balance sheet and profit and loss statement, looking for hidden value. They are looking for bargins and like to buy stocks with a low P/E ratio or a low price to book value. Value investors have to wait for the market to hopefully recognize their stock's value for it to go up in pirce. This usually takes a longer amount of time and sometimes it does not happen at all. In all my years in the business and knowing thousands of investors, I have never known a non professional who produced really outstanding results using the value method. I do know dozens of ourstanding growth investors whi averaged 25% to 50% or more a year." I think a mixture of both growth and value investing is the best i.e you look for stocks that are cheap and also with growth potential. Remember once again, that buying a stock is not just about looking at what is its 52 week high price and what is its 52 week low price before you buy. Some stock may have a low price compared to their 52 week high but I will not buy if it has no growth potential. On the hand , a stock may be not far from its 52 week high, but I would still consider buying. Below is a paragraph from the book : "Let's stop and think about this concept for a moment. The idea of buying a stock at the highest price it has ever sold for just as it is coming out of a correct basing area seems ludicrous. After all, most of us were raised with the idea of getting a deal, a bargain. I am here to shatter a common and comfortable misconeption. What applies to buying merchandise on sale at a department store works in the completely opposite way when dealing with stocks, Do you want stocks that have the greatest potential for moving even higher? Then you have got to ignore the errorneous old saying,"buy low and sell high," and replace it with buy high and sell a lot higher."
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billywows
Elite |
03-Feb-2007 07:03
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Yup, the "ang moh" banks have come in fast to chiong the market like now .... and they will exit faster too to cash their quick profits! Trade with care ya! |
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rogue_trader
Master |
03-Feb-2007 03:48
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Too fast, too furious. Irrational sentiment and psychological play the "leading actors/actresses" liao. Some people said Budget Day counters will fall as good news oreadi "factored" in liao. Some will said it will rise beyond Budget Day as a lot of "eligible" people receiving the Govenrment pay-out for the GST thingie will roll their $$ into the market although it might be not much. Now I am armed with my GA suit, with a contrarian mode. Hopefully, more "ang-moh" banks will come and fry those counters.. TA/FA at this moment is not appropriate. But my guess for now is if there gonna be a correction, it will gonna be too fast too furious 2... So made as much as one can before that fateful dive. |
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billywows
Elite |
03-Feb-2007 00:52
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Yup. I agree ..... Correction & a Huge one too looming! Exit before Budget day 15th Feb! |
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novena_33
Veteran |
03-Feb-2007 00:36
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what if US side have some good gain tonite.... will it happen on MOndays? |
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singaporegal
Supreme |
02-Feb-2007 22:53
Yells: "Female TA nut" |
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Volume traded is around 2 billion lots today. While that is pretty high, it isn't extraordinarily so. Do expect a correction next Monday. |
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cashiertan
Elite |
02-Feb-2007 14:34
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time to sell some of the holdings.. sell in bull .. no point wait and see ur profit eroded in days... |
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jackjames
Elite |
02-Feb-2007 14:05
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Asia region index are in parallel man.. Mumbai Sensex all time high now as well... hope it can closed at all time high~~ |
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iPunter
Supreme |
02-Feb-2007 12:56
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Yes.... very true... Jesse Livermore's story is the whole story of a stock market player... which shows that fortunes can be made and also lost. |
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cashiertan
Elite |
02-Feb-2007 12:49
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yah agree that jesse livermore is not a good way to follow. can try but dun put ur whole portfolio on it. |
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newmoon
Veteran |
02-Feb-2007 12:35
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Jesse Livermore finally lost his fortune in the prolonged great depression and could not make a come back. He committed suicide in 1940-read his biography before you read his trading strategies |
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iPunter
Supreme |
02-Feb-2007 12:23
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For the convenience of those who desire to inspire themselves through this great stock market genius, Jesse Livermore's books are all listed at my Amazon link below:- Jesse Livermore : Books By and About This Great Man |
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ROI25per
Master |
02-Feb-2007 12:18
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Learn fm jesse livermore how he profited 100m in 1929 crash |
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newmoon
Veteran |
02-Feb-2007 12:15
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A sane person will not follow the insanity of crowds but history shows that this is not the case. Isaac Newton participated in the south sea bubble. Winston Churchill also was badly hurt in the 1929 crash. Follow the madness of crowds but keep your sanity? |
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novena_33
Veteran |
02-Feb-2007 12:02
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My take on the STI high will be 3300 pts then follow by some consolidation....... before it can move to 4000pts ..... Don?t ask me on the time frame.... But 3300 is achievable? since we have CNY around the corner maybe Budget Day will help too? |
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newmoon
Veteran |
02-Feb-2007 11:30
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STI target revised.Now 3200+ 18th fibonacci number is 2584-far exceeded. 19th fibonacci number is 4181-akan datang If properties can reach 4000 per square feet why not the STI. Their's not to reason why Their's but to close their eyes and buy-apologies to Tennyson. |
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EastonBay
Master |
02-Feb-2007 09:47
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STI: 3,200.87 +32.77 at 0946 Wahoo!!! breached 3200 |
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