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I think the sudden surge in price from 6.02-6.10 now was probably due to short cover at the end of the day...It may not be a "rally"
The smart money had already left for the day liao....now leaving the retail investors to hold the baby...DOW Futures now -59 from +120 an hour ago. Good luck folks.
wah...dropping so fast, I think better stay sideline.
Tomorrow XD...can buy today or not? Afraid of kena ambush and it drops more than 29¢ tomorrow! Let's watch a little while more. Nowadays I very kiasi liao!...hehehe!!!
The erratic behaviour of share price is happening to many counters, not just SGX. I think it's not fear, but don't know which direction to go.
In a bull mkt, the blue chips will lead the way up and about halfway, the penny will do the 2nd half of the bull. When at the peak, the pennies will drop while the blues held on steady. And whenthe pennies almost done with the drop, blues will bring all down together. I think we are at the middle of the down slope where the pennies almost finnished its drop and the blues are beginning to drop in a big way.
The Oil play and Properties lead the drop in the last 2 weeks with Keppel Corp dropping almost 10% on Friday while the Capitaland and CityDev dropped 5%-8%.
I think it's not a good time pick up any stocks now. The pennies might not drop as much as the blues, but overall will drop in concert. This is a case of "Da Xiao Tong Chi"...Blues or pennies all die!
You can see from SGX's chart that the price movements are very erratic. This is a sign of fear.
I would avoid trading this counter for now. The counter is trading sideways and purely on emotions. Only day traders or gamblers will be interested in this for scalping purposes.
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Posted: 24-Sep-08 10:40: Play contra?. TP $5.20ct by DMG..wait lohh. Sell into strength & Q buy <$6/- for long. Backup by bargain hunters...Let angmo wait longer liao to pickup at $4.70. Today it closed off at...
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Backup by bargain hunters...Let angmo wait longer liao to pickup at $4.70
| SGX | CD | 5.700 | 6.130 | +0.010ct | +0.2% | Vol:16,541,000 | 10,000 | 6.130 | 6.150 | 25,000 | 6.230 | 5.620 |
teeth53 ( Date: 24-Sep-2008 10:58) Posted:
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Today got $$ to pick everywhere, but I think not many dare to take. Simply close eye and buy any counter in the morning and sell now should be able to make quite a pile.
I went into SGX when open trade and sold off before HSI opens, oni made 7¢, dare not play with my luck in this mkt sentiment. But wow...it went all the way up. If I held on at least can make 50¢. Then DBS also the same thing! Saw it trade 16.20 in the morning but dare not go in, now 17.00!
I saw this announcement on SGX website... means what har?
Securities and Derivatives Markets Trading Remains Orderly 30 Sep
SGX would like to inform market participants that trading in the securities and derivatives markets remains orderly, in spite of the heightened volatility globally.
We continue to monitor closely the trading and risk exposures of our Members in the interest of maintaining a fair and orderly marketplace.
short SGX :)
teeth53 ( Date: 25-Sep-2008 20:11) Posted:
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Looking at the candle sticks for the past 5 days (today included), dolgi was formed on 25sep. 23Sep had red candle, 24sep green candle, while 26 and 29 Sep were red, 2 days after the dolgi formation on 25sep. Not a very good sign.
Volume indicator showing 9.5miilion to 10.1million from 23-29 Sep. Closing price from $6.73 to $6.12 during this corresponding period. No massive volume change but price is dropping. Think it might be accumulative distribution, quite a bit of selling down.
Confirmed by Williams indicator showing -43.6 to -68.4 from 23sep to today.
May not be a good time to enter as yet i think.
Its MA is not bad. Seems in upward direction. MACD moving up towards 0 as well. Looks like has some up momentum but vol is not high.
I agree with you. Those who took position last Friday shall enjoy the ride up when the bill is passed later today. However those who have not buy in the SGX should not get in then as the surge after the $700B will bring SGX much higher. When the news of $700B fades off, I believe SGX will trade below $6.00, maybe $5.30-$5.60 range...my view.
AK_Francis ( Date: 28-Sep-2008 15:09) Posted:
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it may surge if d 700 b bailout was passed. but cautious dun buy in when it was high after the bailout news. It won't last long. AK view only
For this one, keep close view on the overall market volume....it's a good indicator of it direction. Those waiting to buy cheap, look up for XD - 29cts down at least.
Indeed. Hard to bit the BB. But when BB fails, they fails badly. Retailers still can protect ourselves well if we position ourselves well. We must position ourselves to ride out the volatility. Things like financial mangement, risk management, timing etc can protect ourselves too. We have to position ourselves well ahead of them, anticipating the likely moves. There is no way we can beat them in info but we can beat them in patience, caution and long term investment.
idesa168 ( Date: 26-Sep-2008 01:28) Posted:
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most of them went to witness the F1 training session liao. will join in the fun 2morrow on placing race.
volume only 0.75b and drop 37 points, so slow and boring...
With my kopiO still in my blood, cannot sleep now, so watch the mkt...wah +250pts, not bad.
In stock mkt, everyone knows that the retail investors are always at loosing end of the game. The BB are the ones that always get news before retails got them. The BBs are the ones with financial power to bet big and somehow controls the share price, retail investors can't. The BBs can blow unimportant matters into big one, retail can't. The odds are against us and yet we are still wanting to be in the game.
One thing a retail investor can do...."I don't believe the share price will go lower, hence I shall avg down to make my initial investment worth better"...LOL!