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The report posted by scotty just shows how much weight you can give to analyst reports.
edible free lunch:- no............poisonous free lunch:- yes.
when anyone gives positive or negative comment on a counter without declaring that he/she n his/her immediate family member(s) do not have any vested interest in tat counter, be wary of such positive/negative comments and if he/she is a trader, be very very very wary of his/her positive or negative comment(s) on any counter.
that why i never listen to calls from analysts..they are always too slow to react.. i am ahead of the game and as trader88.sg mentioned
when more shortists came in or longists came in..i would be safety out of my positions.
Knw your game plan.. know your risk and you acculumate wealth.
When some "ANAL-ysts" start to flood the market with shorting opportunities here and there, this could be the tail end of the so-called opportunities. They will cover their shorts while the new shortists open and lose their shorts!
Please be cautious.
ruanlai ( Date: 04-Mar-2009 09:17) Posted:
| Shorting Opportunities in F & N, Capitaland and OCBC
In our weekly technical report, we stated that the S&P 500 and CRB index have both recently broken their lows. The STI usually trades in tight lock step and we forecast that the STI should soon follow suit to test 1473 and trade below it. We are thus recommending stocks that show shorting opportunities that we might be positioned with the overall trend of the market. We highly recommend that readers also watch the 1473 mark on the STI. |
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OCBC..shorted long time ago a a price of 4.93 based on my TA..same for DBS, SGX etc
i am always ahead of those analysts..haha..just kidding.
Ha..ha..ha..I believe so.
StarLine ( Date: 04-Mar-2009 01:03) Posted:
Maybe when the list for 2008 is out,
and then you compare the two,
I believe your jaws will drop from the shock.
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Shorting Opportunities in F & N, Capitaland and OCBC
In our weekly technical report, we stated that the S&P 500 and CRB index have both recently broken their lows. The STI usually trades in tight lock step and we forecast that the STI should soon follow suit to test 1473 and trade below it. We are thus recommending stocks that show shorting opportunities that we might be positioned with the overall trend of the market. We highly recommend that readers also watch the 1473 mark on the STI.
Maybe when the list for 2008 is out,
and then you compare the two,
I believe your jaws will drop from the shock.
Thanks for the Toto numbers.
Global Finance's World's 50 Safest Banks - DBS, ...
03-Mar
Today a journalist called me and asked me what I thought about the three Singapore banks being included in Gloabl Finance's 50 Safest Banks for 2009. I didnt see the article so I asked the journalist what was the basis of the ranking - she said credit rating by an established global credit rating agency.
My response was that given that global credit rating agencies has given good credit rating to subprime loan structures and to the big US financial institutions that now require US Government financial support, i would be cautious in drawing any comfort from that rating alone. Other financial factors of the banks such as their level of Tier 1 capital, their provisioning policy and also their asset quality should also be considered.
As I was writing this Blog post, it struck me that I should check what this same survey said in 2007, ie Global Financial's 50 Safest banks for 2007. I searched the internet and managed to find it at this web address. What is interesting in this 2007 list is that - UBS is ranked 6th, CitiGroup is ranked 11th, RBS is ranked 12th, Bank of America ranked 24th, HBOS ranked 25th and Wachovia ranked 35th. There were two Singapore banks in the 2007 list DBS at 40 and UOB at 50. But if you had followed the 2007 list and put your money in number 6, 11, 12, 24, 25 and 35 you could be in trouble. This affirmed my view that while the list is useful - we need much more information on the banks to be comfortable as to their safety. |
Market Commentary By:
Kevin Scully
