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Heng ah....heed Singaporegal comments and did not give way to my own temptation when price is a bargain...it gets cheaper by the day......sigh.
outlook looks bad .....optimism is thrown out of the window....
alamak after few times the sgp cat is real dead this time round, no more rebound liao. u keep on hitting the cat will just lie there.
As singaporegal predicted, another dead cat bounce happening.
This time, I think is more serious. I don't think the Fed is going to save Lehman Bros. There will be more banks collapsing in the coming months. Very jia lat.
yes many of us will have to agree that the stock market is dependable very much on sudden economic indicators and news...more like punters now...looking at charts nowadays is not tt credible with the system that seems to go haywire...cos also no volume to substantiate too.
singaporegal ( Date: 10-Sep-2008 10:26) Posted:
The stock market these days react heavily (or violently!) to economic indicators and news. Industry or stock specific news have taken a back seat, IMHO.
A good website - http://www.fxstreet.com/fundamental/economic-calendar/
It lists down dates of economic announcements as well as actual/expected/previous economic numbers.
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The stock market these days react heavily (or violently!) to economic indicators and news. Industry or stock specific news have taken a back seat, IMHO.
A good website - http://www.fxstreet.com/fundamental/economic-calendar/
It lists down dates of economic announcements as well as actual/expected/previous economic numbers.
Rescue packages aside, have we yet to see the after-effects of the sub-prime manifest itself on the ground?...
Always appreciate good post...
Haha.. thanks everyone. Never had so many ticks before.
Let's see what happens in the next few days in the US.
I think most traders, including AK, expected 2dai STI go high, but now the otherwise. Hmm, not very upset, ha ha so use to it alrdy. Cheers loh.
It is most important for investors to accept, without being upset or angry, that the stock market is a bi-directional entity, not just up...
Being emotional is the last thing an investor should be...
Is he really a salesman selling trading books? Not an auspicious person to meet...
I think she deserves a good post... 
Make it 4 ticks.
winsontkl ( Date: 08-Sep-2008 23:00) Posted:
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Ha ha, singaporegal you got three positive tick out of it.....seems like you have many supporters.
Frankly, the bailout of Fannie Mae and Freddie Mac seems to artificially prolong the decline....
Mood still very negative for me ...
Happy Hunting.
singaporegal ( Date: 08-Sep-2008 17:26) Posted:
I hate to be a spoil sport but I'm always very afraid of days like these. Large price change, low trading volumes and largely unchanged economic fundamentals.
The bailout of Fannie Mae and Freddie Mac was largely expected for some time. The market is over exuberant, I think.
Some people will probably give me a bad post tick....
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Ha ha, singaporegal you got three positive tick out of it.....seems like you have many supporters.
Frankly, the bailout of Fannie Mae and Freddie Mac seems to artificially prolong the decline....
Mood still very negative for me ...
Happy Hunting.
singaporegal ( Date: 08-Sep-2008 17:26) Posted:
I hate to be a spoil sport but I'm always very afraid of days like these. Large price change, low trading volumes and largely unchanged economic fundamentals.
The bailout of Fannie Mae and Freddie Mac was largely expected for some time. The market is over exuberant, I think.
Some people will probably give me a bad post tick....
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thanks for reminder again :) good to hear it..
singaporegal ( Date: 08-Sep-2008 17:26) Posted:
I hate to be a spoil sport but I'm always very afraid of days like these. Large price change, low trading volumes and largely unchanged economic fundamentals.
The bailout of Fannie Mae and Freddie Mac was largely expected for some time. The market is over exuberant, I think.
Some people will probably give me a bad post tick....
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Dun be too complacent is the word. Be vigilant! I give you a tick! Cheers!
singaporegal ( Date: 08-Sep-2008 17:26) Posted:
I hate to be a spoil sport but I'm always very afraid of days like these. Large price change, low trading volumes and largely unchanged economic fundamentals.
The bailout of Fannie Mae and Freddie Mac was largely expected for some time. The market is over exuberant, I think.
Some people will probably give me a bad post tick....
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Unless Dow somehow tonight can do a 400+pt gain, I'm afraid this is purely a tech bounce on negligible volume. Didn't even break 1b mark.
STI needs to stay above 2763 just to avoid selling pressure tomorrow. So be very wary of buying tomorrow.
bwah, if they give you a bad post tick, i'll give you a good post tick in return. 
concur, singaporegal. unless proven otherwise, people should not be lulled into taking a rally as anything other than shortterm.
must admit, it is quite a relief tho.
singaporegal ( Date: 08-Sep-2008 17:26) Posted:
I hate to be a spoil sport but I'm always very afraid of days like these. Large price change, low trading volumes and largely unchanged economic fundamentals.
The bailout of Fannie Mae and Freddie Mac was largely expected for some time. The market is over exuberant, I think.
Some people will probably give me a bad post tick....
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Dun worry lah, uncle AK give u a + stroke loh. I got the same feeling as well. A merely 0.97b traded, with such a pseudo bullish trading scenario.
Really kiahn kiahn. As advised by some sifus on my earlier posting, first thing 2morrow I will contra the misc 2 lots of SGX bought last Fri, no greedy liao.
Considering release KC, STel and SPC as well. Ha ha, other portfolios, much below H2O marks, no thinking is required.
