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I remember reading somewhere in Dec that SGX will underperform due to lower volume because of clamp-down on short-selling and reduction in derivatives trading... seems possible that price will continue to fall.
anyone has more to add or counter this view?
hv just realised that it has been a long time since i saw SGX announcement regarding its share buyback...
it has stopped for a few months. wonder why. it used to buy at $6 +++. does that mean no support in future andd the stock cld fall some more?
i checked NextInsight, it has a table of SGX buyback. http://www.nextinsight.com.sg/content/view/551/60/
| Sharebuyback | Date of purchase | No. of shares purchased | Average price/share (S$) |
Total value (S$) |
| SGX | 21-08-2008 | 210,000 | 6.18-6.25 | ~1.3 m |
| 20-08-2008 | 100,000 | 6.22-6.27 | ~624,000 | |
| 19-08-2008 | 210,000 | 6.32-6.45 | ~1.3 m | |
| 18-08-2008 | 155,000 | 6.49-6.60 | ~1 m | |
| 15-08-2008 | 155,000 | 6.64-6.59 | ~1 m | |
| 14-08-2008 | 170,000 | 6.66-6.69 | ~1.1 m | |
| 13-08-2008 | 210,000 | 6.66-6.73 | ~1.4 m | |
| 12-08-2008 | 210,000 | 6.69-6.77 | ~1.4 m | |
| 11-08-2008 | 208,000 | 6.75-6.83 | ~1.4 m | |
| 8-08-2008 | 202,000 | 6.71-6.77 | ~1.3 m |
Yah man, tech short the burger.
Contra few in the am. Show time wanted to tech short sell the burger at 2.26, but hesitated, liao chaw. If not XO also got liao.
Try 2morow, but pm got invited to attend COC ceremony in my former camp leh. May forgo the attempt, go back camp early to catch up with friends n colleagues.
lookcc ( Date: 12-Dec-2008 00:24) Posted:
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DJ now in red, around 94. No adverse news fr state. Presume profit taking is still ongoing at DJ.
2morow just take Nikkei Q, n later HSI to gauge trading pattern. As it is TGIF, a damper must be given to last Tue n Wed heavy gain loh.
Agreed, joke aside, BBs were around since Tue, if u observant enough in the intraday trading in each stock, esp the blue chip, ie UOB, SIA, Kepcorp, n today DBS joined in the fun.
Now DJ is in green, if by closed, it stays green, would STI tomorrow swing up again?
AK confused loh, seems like STI tends to follow HSI rather than DJ, a typical exmp today.
singaporegal ( Date: 10-Dec-2008 21:45) Posted:
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seem that the price is up trend lei??? will it move drop this week to S$4.4 to $4.45? 
tanglinboy ( Date: 01-Dec-2008 10:18) Posted:
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SGX Seeks Public Views to Enhance Transparency in Short Selling Activities 27 Nov
SGX currently publishes the daily list of buying-in securities and details of the prices and volumes of shares bought-in to keep the investing public informed of the short selling activities that fail delivery in our marketplac
I think any effort to curb short selling will reduce trading volume even more and affect SGX revenue.
Generally, if u still hold a stock, esp blue ones, dropping 50% at this moment, u r not an
wised investor. Thats all............................................................................................................................
cheongwee, several good posts here. Would like to emphasize
1. sound to me like turtle trading techniques where cut loss at 10% and let profit take care of itself.
2. Yes, dont listen to analysts call and brokerage firms advice. confirm lose money in long run.
it is not difficult to make profit from stock market but human emtions make it difficult. so 1 will take care of emotions. stock market is all about mass psychology, same piece of news in bull and bear market will result in different reaction. analyst and brokerage often advice late or wrongly due to personal agenda.
however, i am timing the market, i am worried that current low of 1600 is only end of a wave, and beginning of a corection which is why indexes like STI are jittery and volume is getting lower. And further bad news will push market down to new low to 1200 perhaps. so may not be a good time to by stocks and so may not be best time to average down either. i would rather be confident and average up during a evident bull where prices are moving up with heavy volume trading. And of course, SGX is my fav as it is high beta (eg. STI moves 5%, SGX moves 10%).
if one have spare cash and would like to entry at 1600 range, can try OCBC pref share for lower risk (but also low beta)
my 2c worth.
cheongwee ( Date: 09-Nov-2008 01:01) Posted:
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Hi expert, is there a opportunity that SGX will drop to S$4.30?
nickyng ( Date: 10-Nov-2008 15:34) Posted:
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Yes, you are right, if you long now,,but this crises have yet to bottom, dont you agree?..so there are further downside..so y buy now when you can profit more when you buy later..i means this are meant for value investing only.....of course you may day trade daily, like i do..i am 50/50..but for long that is not now..of course if you look at the bigger picture..i am totally agree with you...what we buy now is at one of the lower percentile, if a few years down the road we look back, the px will be of non issue.
i will stick to my gun...STI 1200..DOW 7000..i can be wrong.DYODD...but will be monitoring for strong reversal..but current look like there is a rally coming to take dow to 10000 to 10500..before it go back to new low..wish you all the best and all..market is always there but not the investers..
Zed_Long ( Date: 10-Nov-2008 02:32) Posted:
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Guys.. using a statistical guideline you should know that every crisis especially now is along the lower percentile which means OUTSIDE the Average economy enviroment. Therefore i can just rename it as opportunity.
2nd , if anyone wish to outsmart the market and profit. It will be during where uncertainty is high as well as volatility.
Conclusion: No matter how hard you guess, the probability of winning the market is almost the same if not lesser compare to just PUTTING the money now and draw out 5 years later..
Far sighted technique is definately better than myopic technique when including the time and effort in consideration.