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Long term is definitely good. For playing contra,this is a losing week.
Peg_li
Don't know which 2nd/3rd liners you referring to....in my experience, if you do your homework and pick fundamentally sound 2nd/3rd liners and pennies, the returns are pretty good......they are certainly not at STI 2000 levels.
agree with you, but it maybe happened at other markets, not at STI.
If you monitor closely, those 2nd or 3rd line stocks dropped from its' highest this september until now.
most of them dropped to their value when STI at 2000, some even at STI 1800, they never move with STI at all.
so for STI, if we buy 2nd or 3rd line, we only lose.
so suggest everybody buy those bank counters, SIA,keppel etc.
suggest STI open only for those 28 component shares (except coscorp and Nol) since everbody hate rest of counters so much.
all other counters can delist from SGX.
Sheet!!!!!!
shplayer ( Date: 23-Dec-2009 17:22) Posted:
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Usually in each phase of uptrend (or downtrend), the financials and blues will move first then followed by the 2nd and 3rd liners.
The pennies usually about half phase out of step with the STI.
Alot of red chips players either in ICU or buried dead, so no one left to push. Many retailers are waiting on sideline for market 'correction' that never come. Banks n ST components are up cos institutions n funds are buying.
I don't know whether you notice or not, STI continue to go up, bank counters continue to go up
but for those 2nd or 3rd line counters continue to go down, really funny market. who manupilate this?
Sheet!!!!!!