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America's GDP numbers will be out on Friday. Tonight's Dow Jones expected to be mostly flat while awaiting America GDP numbers on friday. If GDP on friday turn out worse than expected, market will turn down, which will have a pull on Asian markets come next Monday. Risk averse players should stay out of the market.
Buoyant European markets at this time have positive effect on Dow Jones futures currently. STI now flat, at almost the same level as yesterday's close. STI investors / traders expected to profit take before market closing given uncertainly of current global economy. Also September period tend to be a bearish month in global markets.
Looking at GentingSP, seller volume outnumber buyer volume by 2 to 1 from 1.57 to 1.62. Closing price expected to be between 1.59 to 1.61. OCBC Investment Research; has Buy call, ups target to $1.85 from $1.66 to factor in lower capex post-UK sale. Overall outlook for GentingSP bullish in the mid to long term. Short-term upside limited to 1.68.
Europeans also like to buy Genting meh.
BullishTempo ( Date: 26-Aug-2010 15:39) Posted:
European markets have opened. France, Germany and UK all up. Dow Futures positive. STI off 0.1%. Market outlook not too bad, but risk appetite still low |
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European markets have opened. France, Germany and UK all up. Dow Futures positive. STI off 0.1%. Market outlook not too bad, but risk appetite still low
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| INDEX | VALUE | CHANGE | OPEN | HIGH | LOW | TIME | | DJIA INDEX | 10,059.00 | 12.00 | 10,050.00 | 10,068.00 | 10,040.00 | 03:17 | | S&P 500 | 1,056.50 | 1.90 | 1,055.50 | 1,057.30 | 1,053.80 | 03:18 | | NASDAQ 100 | 1,792.75 | 3.00 | 1,791.00 | 1,794.50 | 1,789.00 | 03:16 | | S&P/TSX 60 | 676.00 | 4.90 | 668.40 | 676.90 | 665.50 | 08/25 | | MEX BOLSA | 31,366.00 | 64.00 | 31,280.00 | 31,435.00 | 30,880.00 | 08/25 | | BOVESPA | 65,473.00 | -457.00 | 65,820.00 | 65,950.00 | 64,835.00 | 08/25 |
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Just woke up from afternoon nap..... Yawn***,,, Ok lets take a look at the market !
| STI off 0.1%; Consider consumption plays: DBS Vickers |
Tags: Enzer Corp. | Enzer Corporation | Genting Singapore | Genting Singapore Plc |Scintronix Corp | Scintronix Corporation | Style Merchants
| WRITTEN BY THE EDGE |
| THURSDAY, 26 AUGUST 2010 14:54 |
Singapore shares generally still directionless as investors wary of committing amid concerns global economic conditions could get worse, according to Dow Jones.
STI off 0.1% at 2,922.60, expected to close above 2,900, with resistance at last week’s 2,952 high. Decliners outnumbering gainers by slight margin in broad market, with overall volume still thin. “Given the uncertainty about recovery in the US and possibly weaker demand out of Europe, we continue to favor sectors leveraged on Asian consumption, such as the integrated-resort thematic (plays) and domestic consumer services plays, over exporters and stocks leveraged on global trade,” says DBS Vickers.
Among such plays, Genting Singapore (G13.SG) flat at $1.58 vs $1.62 intraday high. Penny stocks, small caps remain most active in market, with Scintronix (T20.SG), flat at $0.095, Style Merchants (N37.SG), +25.0% at $0.05, Enzer (545.SG), +4.6% at $0.23. |
Wow!! afternoon on steroid...
Hihi, are you're full time traders? Cos' you're seems to be very good in your prediction / analysis of this stock.
Thanks to all the sifus out there for your guidance. Looking forward to learn trading from you're. :)
See..., the moral of this story can be also , "No Official News, Be it on TV,Radio or Newspapers, People won't believe". Ha...ha...
niuyear ( Date: 26-Aug-2010 14:09) Posted:
No lar, not real one. ONly the man lying on the road, where is that intelligent bike? became sandwich? not possible. hahaha!
rolandchiau ( Date: 26-Aug-2010 12:17) Posted:
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No lar, not real one. ONly the man lying on the road, where is that intelligent bike? became sandwich? not possible. hahaha!
rolandchiau ( Date: 26-Aug-2010 12:17) Posted:
Wow ! This Video is Real !
AK_Francis ( Date: 26-Aug-2010 11:58) Posted:
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Ha ha, ds burger may give a jerking kick near close, as wat the pass trending seemed like. AK guesses only loh.
But, before lunch, if u still being bored, then watch the below video clips, to enlighten your Thusday:
Subj: Motorcycle Accident Prevention Program ...
Absolutely amazing what modern technology can do! The clip is in German (I think) but it has sub-titles... be sure to watch until the end... simply astounding.
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Totally Agreed !
AK_Francis ( Date: 26-Aug-2010 12:21) Posted:
Ha ha, the moral of the story is, Overconfidence in any undertaking, is not a good practice, including stock trading/investing.
rolandchiau ( Date: 26-Aug-2010 12:17) Posted:
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Same with you...
And Ithink he's already been smiling at you...
hehehe...
Wow thanks!! May "Cai Shen Ye" visit your house very often this year! 
iPunter ( Date: 26-Aug-2010 12:25) Posted:
You are right... As long as one is aware that one is in fact dealing with a 'casino-type' entity, one is safe from long-term harm... And your approach is realistic, sensible and good...
BullishTempo ( Date: 26-Aug-2010 12:02) Posted:
I mention my trading logic before liao lor..... When the resistance broken I will consider long. When there is strong resistance, it is more likely a correction will follow. But if I am wrong, and the resistance is broken, I will go long and take the ride. This is the way to cut down as much risk as possible. At most lose a bit of commission for frequent buy and sell, but you will still be more profitable in the long run than if you were to take the risk of bashing through a resistance level head on and risking a strong correction. Currently, sell volume outnumber buy volume by 2 to 1 from 1.57 to 1.62. Not a super strong resistance, will consider again at 4pm for re-entry. |
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You are right...
As long as one is aware that one is in fact dealing with a 'casino-type' entity,
one is safe from long-term harm...
And your approach is realistic, sensible and good...
BullishTempo ( Date: 26-Aug-2010 12:02) Posted:
I mention my trading logic before liao lor..... When the resistance broken I will consider long. When there is strong resistance, it is more likely a correction will follow. But if I am wrong, and the resistance is broken, I will go long and take the ride. This is the way to cut down as much risk as possible. At most lose a bit of commission for frequent buy and sell, but you will still be more profitable in the long run than if you were to take the risk of bashing through a resistance level head on and risking a strong correction. Currently, sell volume outnumber buy volume by 2 to 1 from 1.57 to 1.62. Not a super strong resistance, will consider again at 4pm for re-entry.
iPunter ( Date: 26-Aug-2010 10:54) Posted:
If after you exited, if the price goes up to "yat lou fart" (ie. 1.68)... Or even a few weeks later to "yat fart-fart" (ie. 1.88)... Then how?...
(*You can ask victor, since he has fresh first hand experience of this experience)
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Ha ha, the moral of the story is, Overconfidence in any undertaking, is not a good practice, including stock trading/investing.
rolandchiau ( Date: 26-Aug-2010 12:17) Posted:
Wow ! This Video is Real !
AK_Francis ( Date: 26-Aug-2010 11:58) Posted:
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Ha ha, ds burger may give a jerking kick near close, as wat the pass trending seemed like. AK guesses only loh.
But, before lunch, if u still being bored, then watch the below video clips, to enlighten your Thusday:
Subj: Motorcycle Accident Prevention Program ...
Absolutely amazing what modern technology can do! The clip is in German (I think) but it has sub-titles... be sure to watch until the end... simply astounding.
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STI Index now below yesterday's close. At this rate, profit taking is already taking place and will continue till after lunch. Expect GentingSP to go down a few more cents from here.
Wow ! This Video is Real !
AK_Francis ( Date: 26-Aug-2010 11:58) Posted:
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Ha ha, ds burger may give a jerking kick near close, as wat the pass trending seemed like. AK guesses only loh.
But, before lunch, if u still being bored, then watch the below video clips, to enlighten your Thusday:
Subj: Motorcycle Accident Prevention Program ...
Absolutely amazing what modern technology can do! The clip is in German (I think) but it has sub-titles... be sure to watch until the end... simply astounding.
noonelikeme ( Date: 26-Aug-2010 11:33) Posted:
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| STI rises 0.1% to 2,930.70 at 9:30 a.m. |
Tags: Chip Eng Seng Corp. | Cna Group | Genting Singapore Plc | NZ farming | OCBC Investment Research | Olam International | Sembcorp Industries | Sim Lian Group
| WRITTEN BY BLOOMBERG |
| THURSDAY, 26 AUGUST 2010 09:40 |
Singapore’s Straits Times Index rose 0.1% to 2,930.70 as of 9:30 a.m. local time. Two stocks gained for each that fell on the 30-member gauge.
Shares on the measure trade at an average 14.1 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to Bloomberg data. The following shares were among the most active in the market. CNA Group (CNA SP), a supplier of building automation systems, rose 2.2% to 23 cents. The company said it won contracts valued at $11.4 million from customers in China, Singapore and Vietnam. Chip Eng Seng Corp. (CHIP SP), a construction company, gained 1.4% to 36.5 cents. The company said it has won a contract valued at $142 million for the construction of public housing on Punggol Rd. in northeastern part of Singapore. Genting Singapore Plc (GENS SP), operator of one of two casino resorts in the city-state, climbed 1.3% to $1.60, heading for a record high. OCBC Investment Research raised its share-price forecast to $1.85 from $1.66 and maintained its “buy” rating. Olam International (OLAM SP), a Singapore-based supplier of agricultural commodities, rose 1.2% to $2.52. The New Zealand Investment Office has granted consent for its proposed purchase of the rest of NZ Farming Systems Uruguay, it said. Sembcorp Industries (SCI SP), a conglomerate which gets 44% of its revenue from utilities, advanced 1% to $4.17. The company said it will invest $800 million to build a multi-utility facility and a power plant for Jurong Aromatics Corp., which signed a 20-year deal to use the facilities. Sim Lian Group (SLG SP), a Singapore-based property developer, surged 33% to 69 cents, the biggest advance on record. The company said full-year profit increased to $104.4 million from $38.7 million a year earlier. Separately, the company said it has proposed a one-for-two bonus issue in addition to a cash dividend of 3.7 cents a share. |
OCBC Investment Research; has Buy call, ups target to $1.85 from $1.66 to factor in lower capex post-UK sale.
Resistance at 52-week high $1.68.
What do you mean "drop more" hehe... 
windatoz ( Date: 26-Aug-2010 11:11) Posted:
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Hi BT,
Drop more.....
What is your next entry price?
Thanks & Good Luck ;)
BullishTempo ( Date: 26-Aug-2010 10:38) Posted:
I posted the following at 9.17am as a warning that resistance already met at 1.61 BT : Resistance very strong now at 1.61 with 12 mil. Not advisable to enter for long position now. A bit too late.
starry1818 ( Date: 26-Aug-2010 09:08) Posted:
Hi BT If it can get break 1.6 does it mean that can go in again? Any advice? Thanks.
BullishTempo ( Date: 26-Aug-2010 08:41) Posted:
Expected behaviour for STI and GentingSP today. Bullishness in morning and early afternoon. Possible profit taking before market closes depending on European markets and Dow futures.
Bullish Harami candlestick pattern formed last night. Look at opening (gap up, gap down, no gap) and first trade for further confirmations to direction today.
Good luck guys!
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I mention my trading logic before liao lor..... When the resistance broken I will consider long. When there is strong resistance, it is more likely a correction will follow. But if I am wrong, and the resistance is broken, I will go long and take the ride. This is the way to cut down as much risk as possible. At most lose a bit of commission for frequent buy and sell, but you will still be more profitable in the long run than if you were to take the risk of bashing through a resistance level head on and risking a strong correction.
Currently, sell volume outnumber buy volume by 2 to 1 from 1.57 to 1.62. Not a super strong resistance, will consider again at 4pm for re-entry.
iPunter ( Date: 26-Aug-2010 10:54) Posted:
If after you exited, if the price goes up to "yat lou fart" (ie. 1.68)... Or even a few weeks later to "yat fart-fart" (ie. 1.88)... Then how?...
(*You can ask victor, since he has fresh first hand experience of this experience)
shadowmoon ( Date: 26-Aug-2010 10:33) Posted:
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I just don't want trader to get mislead that it is really bullish already n than rush in..............
Stuck at high price not good man. |
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