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Watch for rebound today?
GLP losing steam liao.
Take your $ and run now or hold for long term..
Medium term..no outlook..
Thursday: 21 OCTOBER 2010 8:10am
ChannelNewsAsia
PROPERTY INSIGHTS
IP Global Tim Murphy
Only NORMALISED INTEREST RATE can CONTROL INFLATION
lOW interest rate leads to LIQUIDITY FLOOD which the RAW FUEL for INFLATION
7 to 14% of JAPAN commercial properties are EMPTY
Australian properties are too expensive
DUBAI has so many SCARY EMPTY BUILDINGS
DON'T buy SEXY properties
No more strength, taking a break.
I am taking profit.
Raindrops ( Date: 21-Oct-2010 11:12) Posted:
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IPO px. $1.96, 20.10.10 closing $2.26, up 30 cts.
IPO px.(MIT) $0.93, today px. 1400 hrs. ??????
Hi Bintang
Welcome back.
Wrong thread. This one is Gobal Logistic Properties.
BTW, any comment about this counter?
TY
Bintang ( Date: 20-Oct-2010 21:29) Posted:
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Genting SP has already set -off last month inverted hammer with a long white bullish candle today . Directional movement index are positively placed , n ADX is flat n is going to rise . Daily RSI is at 69 while weekly n monthly RSI are both in over-bought positions . Stochastic oscillator n William % R are also showing positive signals ahead . After hitting new high at $2.18 on 20 Sep 2010 , Genting SP went into a minor correction n formed a bullish flag formation . It broke out of this formation on 1 Oct 2010 with huge volume . By measuring the flag pole distance , we could get the projection target at $3.80 .
Juzztrade ( Date: 20-Oct-2010 10:05) Posted:
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Appear to have good support at $2.26.
Very truth. When properties price move up in Japan and
China, GLP rental income will increase accordingly.
candle ( Date: 20-Oct-2010 12:58) Posted:
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Jap eco is at its low now.
so when their ecom is gd or better.
all pro in Jap would be revalued upward right.
Japan govt says economy at standstill
TOKYO
In a monthly report, the government downgraded its assessment of the economy for the first time since Feb 2009. A senior Japanese official said further pressure on the economy, which is mired in stubborn deflation, could tip it into recession.
“If the economy turns out as expected in our main scenario, we may end up describing the current situation as a soft patch,” said the official at the Cabinet Office, which compiled the report. “But if it comes under further downward pressure, it could end up slipping into recession,” he said.
The government also cut its view on exports and industrial output, saying they were weakening,
which prompted the downgrade of its overall economic assessment.
A rise in the yen to a 15-year high against the dollar added to these woes.
Faltering recoveries from the global financial crisis in developed economies have pushed global investors into emerging markets in search of higher returns, driving up their currencies.
The move has been exacerbated by widespread expectations that the United States Federal Reserve will print billions of dollars to try to lift the US economy, sparking concerns that the extra liquidity will find its way into emerging markets.
Japan’s policymakers had earlier prompted the government to draw up a supplementary budget and the central bank to offer cheap loans and to promise to buy assets.
The government said it wanted the Bank of Japan to support the economy through “appropriate and flexible” monetary policy while the two branches work closely together — phrasing it used when it announced ¥5.05 trillion ($$80 billion) in stimulus spending on Oct 8.
The currency tensions will dominate a Group of 20 finance ministers’ meeting in South Korea starting on Friday and a G20 summit in November, as officials look to tackle the economic imbalances and the threat of competitive currency devaluation.
“Currencies will be the topic that many people will be talking about ... at the G20. I hope that good ideas will be put forward there and we will explain the present situation in Japan,” Finance Minister Yoshihiko Noda said.
Japanese Prime Minister Naoto Kan said yesterday he wants to implement stimulus measures as quickly as possible to support the expansion of the economy.
bishan22 ( Date: 20-Oct-2010 11:03) Posted:
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blueheat ( Date: 20-Oct-2010 11:02) Posted:
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hi anyone here still buying more?