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Fellowship of the Shares

nope not hsbc. meant more of a lender, or at least that's what i think they are. one of the biggest underwriters of mortgages. but erm, better not say more. for one thing, it is just rumors; let's just see how the market goes rather than scaring ourselves. but anw, ooh, doesn't the sti look pretty today????? :))))) damn it, this is a perfect trader's market. i wanna quit and trade full time! anyone wants to hire meeee? haha. elfie's sold her puts and bought calls (today) and cosco (yesterday). ready to lelong tmrw liao. heehee. and yah, giantlow, re smb: i'm terrible at this holding thing too! :( so what's an elf gonna do? scalp! wheeee.......

 

Elfin, if the US bank you mentioned is HSBC, I thought that was already made known.

If its Citi, then well, there goes US largest bank, and good luck to everyone.

 

Great post, my dear Master Elfin!... 

 

Dear Friends,

Those who are interested in Dow futures, can click at the following link: http://money.cnn.com/data/premarket/index.html

As mentioned, only take cue from there to trade. Invest at your own risk.

Elf,

Dow futures open trading at around 1200pm local time. The time shown at the website is about 1145pm ET.

 

 

cnn money : 20 timeless money rules

 

Anyway not surprise to hear such news. Nobody knows exactly how much damages have been inflicted. Maybe Feddy already has a rough figure, that's why the close door meeting is held.

If so, then they might be thinking of ways to solve it.

Are both Alan Greensapn & Ben Bernanke Jewish? Destroyer or Saviour?

Hmm...really smart people...

 

 

Hey Elf,

Scary leh...wanted to sleep already u still post such kinda things.

 

fyi, in USA you can short DOW when you think DOW will go down. the Proshare 's  ETF  Short Dow30 ProShares (DOG) was designed for that purpose.

At least when time come there is a simple way to just buy DOG. what a name. Below is the DJI and DOW comparison..

 

 

hm. just a note to all (strictly my own opinion):

i do not believe the worst of the subprime is over yet. the problem itself will take a long time, likely years to solve, but in the coming weeks, i do expect more, and not less, volatility. because some of the large US funds/banks have not reported the full extent of their losses yet. and if even a notable like goldman sachs has to bail out one of its funds, and UBS hedge fund is in trouble (the reported cases), then yea, i do not believe the full extent is known yet.

esp since fed suddenly cut rates to banks. like i posted somewhere else before: someone somewhere must have approached the govt for a bail out.

i know from privileged sources that at least one other US fund/bank is rumored to be in trouble. it's a big name which everyone knows. and the qn is why hasn't the dow released that news yet. waiting for the funds and BBs to finish offloading to the hay bees first? will likely cause panic and further selling if it's true.

it's just a rumor tho. so let's see how.

but do keep cautious ppl. :)

 

Hmm...I not sure too..will let u know tomorrow.

In this time of the market can earn some pocket money is good already.

It show that one is of substance, can trade in both Bull & Bear.

Come on people, its not the end of the world yet. The market will pick up again.

Stay calm & have patience.

Cheer up !!!

 

when do the dow futures open actually?

yea, right now, as far as possible, i try to close everything within the day. too volatile... rather small gains than risk losing big. altho of course, this also means i 'lost' the friday to monday chiong. but ah well. can't win it all.

lets see what the fed closed door meeting is about...

ok, nites for now! :)

 

Hi Elf,

Thanks for replying.

I do see what u meant by the "tipped" thingie.

I only trade after opening hours of the Dow Futures & if its in +ve territory. Usually will close my position before our market closes.

Just in case if the US has some bad news when I'm sleeping.

 

hi synnexo, am not quite sure about the range; if you read the reports tho, they'll tell it's 'tipped to open slightly negative' etc....so i use that as my cue too. generally, if it's a small number (less than 100), i wouldn't take it to be significant, esp in a negative climate.

dow is down. i can't quite decide if i shd cheer for sti to be up or down tmrw.

forum seems quiet too. sigh. elfie got nobody to yak with. sighhh.

ah well. mebbe time to sleep anw. anr long work day tmrw. double sigh.

 

 

FA ... Investments ... rolling stones gather no moss .. silent water runs deep

TA ... Trading ... make hay while sun shines ... strike the rod while it is hot

 

Singaporegal... :)

The fireworks in the stock market now are more exciting!!! ...

 

Hi Eastonbay,

Please do put up the fireworks pictures! I saw the recent fireworks from a friend's condo and it was really good.  

 

Oooppsss,

Just finish sending the post then Dow Futures is in -ve already...haha...

 

Elfie,

Ask u something, Dow Futures is now in +ve territory. So, what is the range that will it have to be in, for Dow likely to be in to be +ve as well?

Many thanks.

 

 

thank you Eastonbay... and yes greetings from Shanghai folks... looks like today is a bright new day.. .. my SPC went up as high as 6.45!!

 

be careful today's market. the index is not sustaining. opened with high but it's falling now. dow futures are down. most of the blues hit high and are dropping now/dithering: cosco, SCI, ocbc, SM.

the calls are falling and puts are rising (indicator of shortlived rally): likely shorter than ASX.

a contrarian, or forward view dictates to buy the puts.