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Don't quite agree with you iPunter. All the economic indices (besides the PIIGS) are looking up, companies balance sheets are showing increasing demand and profits are not only because of cost cuts. Well, the journey to recovery is never smooth. Like u say, it's an artificially propped up economy but I trust the US govt to withdraw the stimulus package slowly and at appropriate times, which stabilises the world markets somewhat. Also, hot money will flow out of the PIIGS and into Asia and the US bourses. I think this season will be like last year and the "sell in May" view might not be true this time round. Am vested about 50% currently. Will top up to 80% over the next two months and 20% held for reserve in case I'm wrong. Hopefully I read the situation right. Cheers.
You would have been perfectly correct...
But unfortunately, this time round, it is not the 'natural' economy in operation...
It is an artificially propped up economy...
Thus, it may not follow the normal 'rules' of economics...
It's a beast, if you will... 
Laulan ( Date: 05-May-2010 16:12) Posted:
Generally, I think you should buy now because it is not easy to find a time like this when the global financial status is moving upwards because of some of the following reasons: The economic machine is learning and moving away from a trough experienced in recent years, eg. lehman, iceland, thailand, greece. Positive contributions of the economy from Chinese economic expansion not forgetting India's to include are prevailing. USA grows smarter in dealing with problem areas not clearly seen before. Thankfully pitholes being constantly looked out for could be avoided or tackled, and solutions are created continually as it tackles the "unhidden enemy" that once upon a time could be treading very stealthily. Of course I am looking at the optimistic view. I hope I am not wrong, and there are many good reasons around too lengthy to elaborate. Cheers.
freshmind ( Date: 05-May-2010 15:51) Posted:
| The share prices in most of the counters are falling down... Is the right time to buy or hold till July 2010??? Anyone please advice...thank you.
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There is no right or wrong in averaging down or cutting loss.
To cut loss or to average down depends on whether you are trading
Genting or investing into Genting.
The objective of a trader is to
get cash flow.
This is why he must preserve his capital by
cutting loss.
So he can leave to fight another day.
The objective of an investor is to create long-term wealth.
This
is why he must accumulate stocks by averaging down.
So
he will has greater gain when the stock climb higher in the future.
Instead of asking whether should you cut loss or averaging down, you should ask if you want to trade Genting or Invest in Genting.
Great post,
Matrixneo...
But as you speak, many are already "
pok!" ...
and holding onto huge loads of blue chips acquired in suchly manner...
Generally, I think you should buy now because it is not easy to find a time like this when the global financial status is moving upwards because of some of the following reasons: The economic machine is learning and moving away from a trough experienced in recent years, eg. lehman, iceland, thailand, greece. Positive contributions of the economy from Chinese economic expansion not forgetting India's to include are prevailing. USA grows smarter in dealing with problem areas not clearly seen before. Thankfully pitholes being constantly looked out for could be avoided or tackled, and solutions are created continually as it tackles the "unhidden enemy" that once upon a time could be treading very stealthily. Of course I am looking at the optimistic view. I hope I am not wrong, and there are many good reasons around too lengthy to elaborate. Cheers.
freshmind ( Date: 05-May-2010 15:51) Posted:
| The share prices in most of the counters are falling down... Is the right time to buy or hold till July 2010??? Anyone please advice...thank you.
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Life is cruel. If we don't buy more, we can't cover back the lost we have in faster speed but once we buy, it keep dropping and lose in triple speed, at the end, lost of direction...
matrixneo ( Date: 05-May-2010 16:04) Posted:
this is so true...let me share with my real stories of averaging down for both myself and my ex-colleagues: We werent any experience traders...so see others buy we buy, others average down we follow blindly. But ask yourself, how much can you average down? When will be the time you quit averaging down? Do you have enough firing power? The stocks we went in were famous blue chips which went from S$5 to $3 within a year...after averaging down, went down further $1 and become one of the penny stocks...now the co has been taken over by some foreign tycoons and have since delisted. Same for unit trusts. Some agents keep advising averaging down prices but what happened to some of the counters? Also closed. So do it with a limit if you must. The same advice goes "trade with brain and not heart" Cheers
iPunter ( Date: 05-May-2010 12:37) Posted:
If you average down, It means that you are "mm kam guan" with the market... Which means no matter what, you must fight with the market until you win... In my whole trading life, I have never done any averaging... When I am proven wrong, I salute the market, and then move on... This way, I usually enter other great trading opportunities... and the market is still my good friend... hehehe...
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Have Budweiseer will stay....
OO123123 ( Date: 05-May-2010 15:58) Posted:
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i punter..i must agree..i really enjoy reading your posting
thanks for all the hints & clue..( even sometimes i 'liak bor kui' [catch no ball])  hahaha...
hope you will b ard to share more knowledge....i hope to belanja you budweiseer..kikiki
iPunter ( Date: 05-May-2010 13:25) Posted:
If I don't enjoy the forum, I wouldn't be here at all...
But I am also here because then I will have the chance to offer Uncle AK more Carlesbergs...
hehehe...
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this is so true...let me share with my real stories of averaging down for both myself and my ex-colleagues: We werent any experience traders...so see others buy we buy, others average down we follow blindly. But ask yourself, how much can you average down? When will be the time you quit averaging down? Do you have enough firing power? The stocks we went in were famous blue chips which went from S$5 to $3 within a year...after averaging down, went down further $1 and become one of the penny stocks...now the co has been taken over by some foreign tycoons and have since delisted.
Same for unit trusts. Some agents keep advising averaging down prices but what happened to some of the counters? Also closed. So do it with a limit if you must. The same advice goes "trade with brain and not heart"
Cheers
iPunter ( Date: 05-May-2010 12:37) Posted:
If you average down, It means that you are "mm kam guan" with the market... Which means no matter what, you must fight with the market until you win... In my whole trading life, I have never done any averaging... When I am proven wrong, I salute the market, and then move on... This way, I usually enter other great trading opportunities... and the market is still my good friend... hehehe...
babyboymi ( Date: 05-May-2010 12:25) Posted:
yes, u r right.
but if the px goes down below 0.84, i will buy some more to avg down the px. if this doesnt happen, I will just hold.
when it hit 1.2, maybe i will sell 5 lots and still hold the rest 5 lots.
anyway, 10 lots not too many lah! :) |
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I mean in general all the shares, don't mean Genting sp only. I noticed the shares start keep dropping in the month of May 2010 and World Cup commences in June 2010, wondering will get stuck for two months if I step i now...???
i punter..i must agree..i really enjoy reading your posting
thanks for all the hints & clue..( even sometimes i 'liak bor kui' [catch no ball]) hahaha...
hope you will b ard to share more knowledge....i hope to belanja you budweiseer..kikiki
iPunter ( Date: 05-May-2010 13:25) Posted:
If I don't enjoy the forum, I wouldn't be here at all...
But I am also here because then I will have the chance to offer Uncle AK more Carlesbergs...
hehehe...
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FYI, 1Q result is 13 May 2010. Why did u mention
till July 2010. Wat's up in july 2010??????
freshmind ( Date: 05-May-2010 15:51) Posted:
| The share prices in most of the counters are falling down... Is the right time to buy or hold till July 2010??? Anyone please advice...thank you.
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July is a long time away...
In the meantime there could be spewing of volcanic ashes in the desert...
The share prices in most of the counters are falling down... Is the right time to buy or hold till July 2010??? Anyone please advice...thank you.
Why dun u offer him your honey ?
iPunter ( Date: 05-May-2010 13:25) Posted:
If I don't enjoy the forum, I wouldn't be here at all...
But I am also here because then I will have the chance to offer Uncle AK more Carlesbergs...
hehehe...
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If I don't enjoy the forum, I wouldn't be here at all...
But I am also here because then I will have the chance to offer
Uncle AK more Carlesbergs...
hehehe...
iPunter, u must not only "see open" but also always "open heart" then u won't be bothered by all these.Just enjoy the forum of what others like or have to say. Good or bad, just be it.
Cheer!!!!!
iPunter ( Date: 05-May-2010 13:12) Posted:
I am 'active' mainly because I have in mind to benefit the stock market newbies who are here... Although I don't give stock tips, I do copiously dish out essential market knowledge which should benefit newbies... But alas... Ironically, it is the newbies who are usually vehemently antagonistic... Simply because they are 'gian-gian' to make a lot of money fast!... So much so that I must practise the way of 'see open' ... hehehe...
babyboymi ( Date: 05-May-2010 13:03) Posted:
| but you r the most active one, hah |
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actually i always dun understand the word like "gian gian". haha
yes, that's why i say u r helpful
I am 'active' mainly because I have in mind to benefit the stock market newbies who are here...
Although I don't give stock tips,
I do copiously dish out essential market knowledge which should benefit newbies...
But alas...
Ironically, it is the newbies who are usually vehemently antagonistic...
Simply because they are 'gian-gian' to make a lot of money fast!...
So much so that I must practise the way of 'see open' ...
hehehe...
babyboymi ( Date: 05-May-2010 13:03) Posted:
but you r the most active one, haha
iPunter ( Date: 05-May-2010 12:44) Posted:
There are many other sifu's here... So you must learn from all the sifu's too... hehehe...
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Stage lights go out at MBS
>>
Yesterday’s power failure, which lasted for almost 30 minutes and which occurred after Singapore’s Chief Justice Chan Sek Keong had delivered his speech and left the conference, was the last straw for some participants, who checked out and moved to other hotels around Singapore, sources said.
Several delegates whom MediaCorp spoke to were clearly frustrated.
Malaysian lawyer Cecil Abraham told MediaCorp: “We were told to wait for 10 minutes for the (blackout) problem to be fixed, but that didn’t happen. We were then moved into a smaller room where speakers had to go without microphones. And considering that you had three judges as your speakers, it’s really quite terrible.”
He added: “There was a great deal of expectation before we attended the conference but the facilities have been a disgrace. You wouldn’t have expected hiccups like these — they happened one after another.”
Indian lawyer Sumeet Kachwaha, who sits on the IPBA Council, said the facilities at MBS had created “a very bad impression of Singapore”.
“The many glitches have been a very big disappointment. So many things at the conference were so dysfunctional that it didn’t feel like we were holding a conference in Singapore.”
A member of the IPBA organising committee told MediaCorp last night:
“We tried to work very hard with MBS to ensure our delegates have a good experience.
While the content of the conference has been excellent — with world-class speakers — the facilities of MBS have not been up to our expectations.
“We’re deeply embarrassed by the unfortunate series of mishaps and substandard facilities.”
An MBS spokesperson told MediaCorp it has been “working tirelessly” with the IPBA organisers to “ensure the success of its conference”.
“We continue to work closely with them. We moved quickly to manage situations that are typical of all opening projects, in order to minimise inconveniences to delegates,” she said.
Continued from Page 1pharoah88 ( Date: 05-May-2010 12:35) Posted:
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Stage lights go out at MBS
Clement Mesenas and Teo Xuanwei
clementm@mediacorp.com.sg
SINGAPORE
Mr James Jacob Spigelman bravely continued his speech in the dark, assuring his audience: “I have got a loud voice”, but some members at the Inter-Pacific Bar Association (IPBA) 20th Annual Conference were less than amused. Several left, while those who remained were herded by MBS staff into a smaller conference hall.
The incident capped a series of discomfitures for the delegates at the integrated resort, where IPBA organisers had booked 400 rooms for its conference.
The guests told MediaCorp about air conditioners not working in their hotel rooms, luggage being brought up to their rooms two hours after check-in and a threehour power failure in their rooms that caused laptops to go on the blink.
Some overseas delegates had to change rooms three times before finding one with amenities that worked. One delegate was led into a room — to find it occupied by a another couple. Others, including Mr Spigelman, were trapped in the resort’s lifts, some for up to 20 minutes at a stretch. — The Chief Justice of Australia’s New South Wales state was addressing an international gathering of legal eagles yesterday when suddenly the stage lights went out and then the sound system went silent — all at the first major event to be staged at the newly-opened Marina Bay Sands. |
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but you r the most active one, haha
iPunter ( Date: 05-May-2010 12:44) Posted:
There are many other sifu's here... So you must learn from all the sifu's too... hehehe...
babyboymi ( Date: 05-May-2010 12:38) Posted:
| ya, definitly can learn from you : |
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