SGX    Last:17.51    -0.12

SGX

Prepare to see a test of 6.84, 7.00. Should be within this week.

 

I will bet that it will go lower, maybe even lower than the March low of 6.26.

But today, one can make $200 or less per lot, if one manages to catch the day's high and low
(ie. a solid bull up candlestick)...

 

Historically proven that SGX will not drop below 6.5. If below, better get out!
If true, maybe can buy now. If cheong, this counter very fast one, "no horse runs"

 

Price action looks ominous...

May drop further (later on) even with a strong Dow tonight... 

 

Hello uncle...why worry when the mkt is closed for the day! Go lim kopi and start another new day tomorrow lah! Sometimes BBs are willing to take a loss with a bigger agenda behind!

AK_Francis      ( Date: 04-Aug-2008 20:18) Posted: though charted down, but today's vol is 13562, amazing, got players behind. such encouraging vol last seen beginning of Jun. a bit scary, if fr now on every trading day the vol above 12k. worry BBs buy cheap stuff and sell them when their target time is with them. just a worried guess.

 

LOL...after share split 1:5 isit?

Moneysense      ( Date: 04-Aug-2008 20:13) Posted: Wait for $2.00.

 

concur with u, accumulation.

AK_Francis      ( Date: 04-Aug-2008 20:18) Posted: though charted down, but today's vol is 13562, amazing, got players behind. such encouraging vol last seen beginning of Jun. a bit scary, if fr now on every trading day the vol above 12k. worry BBs buy cheap stuff and sell them when their target time is with them. just a worried guess.

 

Are you sure???

Moneysense      ( Date: 04-Aug-2008 20:13) Posted: Wait for $2.00.

 

though charted down, but today's vol is 13562, amazing, got players behind. such encouraging vol last seen beginning of Jun. a bit scary, if fr now on every trading day the vol above 12k.

worry BBs buy cheap stuff and sell them when their target time is with them. just a worried guess.

 

Wait for $2.00.

 

TA charts continue to show bearish signs.

 

USD 6 cts on div, XD on 20 Aug only pay on 15 Oct. 1H profit surged 36%, a promissing earning for one of the few prpt arms revealed lately. Morgan given the TP to 4.40 and graded moderate.

Good luck, cheers.

idesa168      ( Date: 31-Jul-2008 20:21) Posted: tempted to short, but did not. Instead go head to properties counter. Hood on HK Land, 5 lots... AK_Francis      ( Date: 31-Jul-2008 17:24) Posted: eat instant noodles over the weekends liao. for the shortists, may be, ha ha.

 

SGX hit 7.42 on 24/07 and it headed south despite some broking houses like CIMB and UBS gave a buy call. The current price 6.68 is a good and attractive price but owning to the market sentiments and the sub prime issues, the support seems to be 6.55 base on the last support. The cheap and cheaper. Not sure what will be a good price to go in??? Maybe wait for another 6.55. Anyone to comments???

 

tempted to short, but did not. Instead go head to properties counter. Hood on HK Land, 5 lots...

AK_Francis      ( Date: 31-Jul-2008 17:24) Posted: eat instant noodles over the weekends liao. for the shortists, may be, ha ha.

 

eat instant noodles over the weekends liao. for the shortists, may be, ha ha.

 

Since today is the last day for contra settlement for those who bought at the high (7.42 four days ago), shorting risk is high...

Furthermore, those who shorted around this time may do their covering and add to the upside risk...

Anyway, no can can be certain of being correct, so this is just a suggestion...  

 

I am tempted to short @6.88...hehehe

 

Hope the Dow closes @ +8 pts tonight...

As long as there's no 3-digit fall, things should be fine...

 

mon 7.02 tue 6.83 yesterday 6.90(vol 9381), no meat for contra this week.

may see cut loss is the move, as expected DJ may decline tonite owing to profit taking, after gain of 266.48 tue and 186.13 last nite. And the impending rise of CO price as well.

 

It is not falling much but is not chionging due to contra players selling...

Today should be the last day for contra players to come out, then it should rise further...

Provided the Dow is still good...