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Confirm will go see 16xx. Small chance 15xx.
If lucky can see next week.
I will start buying some counters to keep when Sti touch 1700. (Have u set target when are u going put more money in the market?)
Watch the price keep dropping and dropping will create fear in you to invest. As long as u have done your homework, set a target time frame for your investment, comfortable with the risk of the company that u are investing. This is a good opportunity, cannot wait for everyone to agree then start investing.
Win or lose in predicting dont matter . (As long as the investment money made is in the pocket)
So many directors holding large chunk of shares are sitting at massive paper loss, some are starting to buy actively. Have u decide what counter u are going buy and when ?? When the crisses over no more this kind of price ler, u will be pay at least 50% or more for some of these counter later on.
cathylmg ( Date: 23-Oct-2008 20:49) Posted:
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will lau below 1000 !! as most people say this time worst than 1997 !!
1700 akan datang. What next?
The short selling ban is causing the market to go down more slowly.
Alot of day trade on short-sell and some are trying to trap the day short selling. Still maintain the ST index at 1700. Banks still can go down some more. Any short term upside will create opportunity for the rich to sell.
Got to see what the media is printing. More pessimitic now for most people another sign on further downside.
Looking to pick up some good counters when ST index 1700. Cannot predict how market going to move, i buy some counters which i have done my homework hope they will not rot when ST index is around 1700. (^^)
as posted earlier, EU now red. if DJ tonite follow suit, then STI 2morrow R+R=2R. hope not loh, chialat liao.
cathylmg ( Date: 22-Oct-2008 17:17) Posted:
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How will sti be tomorrow? North or south?
Waiting needs to add in the X factor. X= age. if a young at 30, then u will cover the investment period of 5-30, as DIC boss said ones. Citi, UBS, etc as exp?????
if at age of 55 n above, the period, too far stretch liao.
ha ha, remember, time wait for no man.
HLJHLJ ( Date: 22-Oct-2008 13:12) Posted:
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Money is not lost if you do not sell. Wait for few yrs and sell, i'm sure it is a gain. My opinion only.
iPunter ( Date: 17-Oct-2008 17:50) Posted:
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Bank stocks started to correct alittle, I believe can go down more based on fundamental. OPEC on oil supply meeting coming. Any supply cut that will cause price to hold or rise does look good for the current market. Downtrend still for me.
Waiting to enter the market at 1700 still.
Base on the graph, HSI is heading downtrend..... even with DJ shoot up last nite.... believe today will close -negative.... we shall see.......
all depends on market sentiment.... people have to overcome the fear..............
Both STI n HSI lost momemtum after the initial upward swing after market opened.
Outlook of local banking and financing sectors are gloomy. Retrenchment is unavoidable, esp some poor performed big coys are likely face problem in getting financing fr banks. Posted in papers.
The market has already digested most of the negativity and started to wait for the rescue effort to bite into the economy. The amount of panic selling has subsided and there is a sense of stability. IMO STI should regain 2000 this week and would continue to hover around the range between 1800 - 2100.
0420 GMT [Dow Jones] STI likely to fall towards 1500, or 0.9X P/B, by early 2009 vs its previous worst-case prediction of 1800, or 1.1X P/B, made earlier this month, says Citigroup. Expects current Singapore recession to be as severe as Asian financial crisis, when P/B at just 0.7X; "negative macro news and earnings disappointments will drag the STI lower as the recession deepens and broadens." Notes bear market during Asian financial crisis, 2001-2002 crisis ended in middle of recession, during quarter when contraction was most severe; "this bear market is only in its 53rd week, still short of the average 85 weeks seen in previous bear markets with recessions." Expects Singapore's commercial, high-end residential markets to head for hard landing. Advocates "reliable", high-dividend plays - including telcos, media groups, certain REITs - to tide over current volatile period. STI +2.2% at 1919.16. (FKH)
Anyone can advise whether STI up or down tml? DOW was down last fri but think tml may be ok..
I am itchy to buy some counter if straits time Index drop to 1700. Will be a buy call for me
Look like bank counters will fall on Monday. my target 1700
Quite easy for Singapore Bank to drop further. All those small SME and smaller listed companies, print a few news of bankrupcy. People will be looking at which bank loan the most to them. Hence analyst after reading will downgrade the counter.
All it takes now it a few media to print. So far the listed companies in deep trouble start with C. 2 and i am sure more will come.
Quote 1 example: Purely my view only
Lifebrandz left 12m cash , pending a lawsuit fight with MOS. If recession come will more tourist and local spend big in the club. Want to finance from bank also difficult unless the director pledge their own asset as colleral. Loss making companies, want to loan from bank must pay higher interest. The future for these companies sure look bleak this 2 years. Whether will survived will definite depend on the calibre of the management right now.
agree to certain extent.. wait for key signals
banking stocks have plenty to thump and hence for sti to drop further..probably another 20% for banks
marine coys have been hit the hardest so far but i still see downside of at least 10-20%
.. property already bottom out more or less (capland kepland city dev)
my 2 cents worth
I think the crisis will cause some investors to feel disllusion and abandon the market that will be the time best to enter the market.
Most people still keep some hope waiting for market to recover, so i think crisis not fully over. My assumption is about 50% now.
When the market bottom, new bad news also will not cause it to crash further. My guess for new low is year for ST index 1700, as bank counter can still afford to shed some point.
Those days i can find alot of company got more cash that their market cap. That will be the best to invest if it will happen again
It like buying a bank account for $10, where there is $20 inside the bank account waiting to be re withdraw.