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Wow!!! The boatman has gone bonkers, become speeding gonzalis, too fast for my comfort, enjoyed the ride, now contented & abandoned boat.
Will consider boarding again later on at a lower fares when he has regained his senses & slowed down
Shortist... are u all sho..t & wounded & now panic, quickly grapping for wound dressing, the price of wound dressing now going up liow, quickly grap or else the price of the dressing will still keep going up.
If still gungho, die die still want to short, then keep shorting & help me push up the dressinsg cost, never mind, if u manage to shot down SPC & if I detected any reversal sign, I will then abandon the boat, I come prepared with life jackets wan.
richtan ( Date: 04-May-2009 09:38) Posted:
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Wow, boatman earlier on only kena mild flu, not confirmed swine flu, now still as fit as fiddle, rock-hard solid,, hahahah....
The moment I sensed & really confirmed he kena swine flu (not based on gut feel), I will then abandon boat, meanwhile, enjoying the boat ride.
Those who dun want to miss the boat ride for fear tat the boat fare will keep rising & want to join in now, reluctantly or rather, willinly now pay a higher boat fare when earlier on complain that the boat fare is too high.
richtan ( Date: 29-Apr-2009 00:04) Posted:
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Ozone2002 & fellow shortist,
Did u all short, quick, quick, quick, short .
The more all these gungho shortist who short based on their gut feel, without due respect to trading rule 101: "The trend is your friend", the more panic they are & help further push up the price to cover their short.
Hope all these shortist learnt their lesson & learn trading rules 101 & master the art of reading TA, though it is never 100% guaranteed, tats where another trading rule 101 applies: "Cut losses short & let profits run with trailing stops".
richtan ( Date: 03-May-2009 14:24) Posted:
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stress test are scam, to make market believe that they are doing a good job of checking on the bank..
and the result is most bank are quite OK...
yes, sell in May and go away...but i thk this yr may be different..still expect the rally to 10000...
but if market reverse, just sell ...just be alert..
Looks like peaking.
AK run road bcos of A flu cum 19 US banks stress test results going to be tabled 2morow nite.
Basically, CO px is much relied on demand n supply, cum abit of speculation. Unless there is calamity happening in oil rich country, ie sabotage etc. Rule out OPEC cut CO move, at ds moment.
Much talk on today papers on anticipation of May till Aug market trend, with ref to history cum above 2 issues. MFTs views were that observe d situation first. And the parroit cry is " Sell in May n go away" and buy in dip next curve, demn it, ha ha.
AK opines that 2morow trading will be cautious, much bystanders liao, as BBs had acc pockets of $ during d last bear rally, as G.Sorros mentioned earlier. May see correction, if they exit next week.
No recommendation on wat px to go in for SPC at ds moment, though unlike other counter, after its XD, there was support. Solely your homework liao. But hope for 1.77 when STI was yr low at 1456.95, not likely. But if saying would be below 3 again? AK no objection, bt May-Aug. No calling above. AK view only.
maxcty ( Date: 03-May-2009 20:25) Posted:
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AK shifu,
what price u will come back again?
AK_Francis ( Date: 03-May-2009 19:40) Posted:
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Tats good, I like to hear tat, the more people short, the better, when it goes up, these shortist who defies the trend will be caught off-guard, scramble & rush in to buy up to cover their shorts & further help push up the price.
All I remember is trading 101: "The trend is your friend, never goes against the trend" .
Going against the trends is like trying to be a hero, going against the onslaught wave, playing Russian roulette, while at times, by sheer luck, you survive when the waves dies at the nick of time or the trigger by luck hit an empty bullet chamber. The odds are against you, the risk/rewards are not favorable & nobody will sympathise with you as you deserved it for trying to be a hero.
On the other hand when it breaks my trailing stops, I will exit.
Either way, I still make money, its only whether I make more or lesser, tats all.....hehehehe....
ozone2002 ( Date: 29-Apr-2009 19:35) Posted:
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Since everyone is on the topic of Oil and Gold.... this link might be of interest.
http://skybach.wordpress.com/2009/05/02/gold-or-oil/
i CFD shorted this stock today as the rise was not very convincing..on very low vol
looks overbought on the charts..and u can see the descending vol with rising prices..
Just have to monitor closely loh.
If boatman confirmed kena swine flu, abandon boat loh, as simple as tat, unless u are gay & fall in love with the boatman.
nickyng ( Date: 28-Apr-2009 15:42) Posted:
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Went into this website and quite surprise to see their 'gold' forecast as down trend. They very bearish on gold. Few weeks ago, i saw in Bloomberg news and if i am not wrong, the CEO of Merrill Lynch stated that Gold might hit high of '1500' range. So, who to believe? LOL, I guess, all are to fool people.
By the way,this link also stated some very big company like 'Ernst and young' etc using their service and i am wondering how true is this??
divearse ( Date: 24-Apr-2009 17:13) Posted:
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