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they are very greedy.
they are going to get burn anyway
tanglinboy ( Date: 01-Sep-2008 19:49) Posted:
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GS no longer credible
elfinchilde ( Date: 02-Sep-2008 16:33) Posted:
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Oops, Mr Market is not proving GS wrong. GS is the one trying to fool Mr Market by issuing sell calls while GS was secretly buying up. 
It seems that Mr Market is trying to prove GS wrong by ramping up Capitaland today.
good good. when GS calls sell, that's when they start buying. hehe.
seems like a global research house, BCA Research, was too early.
April: "Buy Singapore property stocks" - BCA Reseearch
April : "Don't indiscriminately buy Singapore property stocks" - Industry insider
April: "Buy Singapore property stocks" - BCA Reseearch
April : "Don't indiscriminately buy Singapore property stocks" - Industry insider
Some people I know are in trouble.
They are gambling on en-bloc sale and they also bought another new apartment. But now, the property market has soured. They can't find a buyer for their existing condo and they are stuck with financing the new one. Money is getting tight and they are getting more desperate.
I am not surprised that there are vandalism cases in some of this en-bloc condos. I can imagine the desperation and panic that these people are feeling right now.
I just saw a report from GS. They are very bearish about the real estate market. Forecast of 20% drop in prime market and 10% drop in general market by end of 2009.
TP for Capitaland - 5.20
TP for City Development - 9.10
TP for Wing Tai - 1.12
TP for Allgreen - 0.90
TP for Keppel Land - 4.66