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Short or long at any time does not matter...
since no one can tell the market's next move.
What matters is getting out when one is wrong...
Come Monday, there will be many people throwing in the towel aka panic selling. Muifan, do you wish to join them in the throw @opening? It could open with a gap down below 1.375 and then rise to close gap meeting Fri's intraday low. If never gap down from 1.375 is already Super Heng enough for you to bail at any price you like. Planning a fast exit applies to short term speculators only, I'm not sure you're into long term investing or not.
I think ....that time my master sifu Juicy hopped Noble at opening 2.11 (gap down) and sold it at 2.15 in the first few mins (came up) before price dipped to form a red candle for the day. Just a tutorial for you to consider & don't lose sleep over it.
muifan ( Date: 09-Jul-2011 10:09) Posted:
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tat's y i always prefer to short when a counter breakouts.. :)
but ofc need to short at the right price..
overall i am still bullish on the market.. (i am biased again here)
Gaecia ( Date: 09-Jul-2011 13:53) Posted:
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This is exactly the same tactic applied on investors as in the case of Noble (2.25 intraday hight, fell to 2.18 in late trade hrs) and Olam (3.03 intraday high, fell to 2.99 in late trade), if you could recall actual day price actions before an announcement of a private share placement deal after market closed some months back. There is always selling before day's end and massive volume which it makes it to top 20 most actively traded stock for further public slaying. In the absence of any news, yet a technical breakout occurs. Now its Stxosv's turn (no contract news on Fri), generally risks are elevated if going Long within 1 week of analysts' upgrade in a particular stock. Yes I am skeptical but only insiders can plan ahead of us, next up could be Capitaland's turn to prove itself.
There were many false technical breakout this week (despite the absence of any +ve company news), Midas, Sembmarine, Sembcorp and now Stxosv. Straits Asia Resources was also another of big boy's successful false rally last mth.
Charts can be crafted intently to trap TA investors, it is hard even for experienced traders to detect. Most importantly do not get carried away by the euphoric rally on breakout day, one should be fearful instead. Sell your long holdings preferable before 4.50pm. Even if one cannot sell at intraday's high, it is even costlier to miss this rally. Why? A breakout rally rarely last 2 (consecutive) days in a row.
muifan ( Date: 09-Jul-2011 10:09) Posted:
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Weekend delight:
just watched it late last night...I am by default a DECEPTICON FAN...but after watching part 3..
I cant help but addicted to the new autobot DINO AKA RODIMUS ...
THE AWESOME RED FERRARI 458 is speechless..
although many ladies fans of bumblebee's might beg to differ kekekekek....
http://www.youtube.com/watch?v=wqnsXmg3Gw4
No one knows the direction for any time-frame..
But when the bulls happen to be right,
they will all come out to make noise.
And when the bears happen to be right,
they will also all come out to make noise.
This has been happening for decades and
decades, and will not cease anytime soon...
master gaecia.. just smth to share about...
i realised that when a counter breaks all time high (often described by traders as sky is the limit).. is indeed very bullish and at the same time.. worrying
cause it's in the progress of finding 'new highs'.. and the previous all time high might not serve as a support unless it has found a new high and gotten sold down to the previous all time high and rebounded from there..
wat do u think?
in short.. it's rather risky to long when a all time high is broken by saying it will be the support.. cause it has yet to prove tat tat previous high will be the new support..
*nth to do with stx recently.. just a thought on counters breaking all time highs..
hanging man for us markets? hehe
btw, stx might have another worriness due to the 1.33 share placement...
muifan ( Date: 09-Jul-2011 10:09) Posted:
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Dow did not have a heart attack fall..
strong fight back by the bulls by closing?
Have to cut if neccessary on my STXOSV on mon..
really smelly..after market close announce share placement :(
shhhh..you must have bought ...
lets hope so
Lau sai 1% consider little??
The Dow dropped a bit at opening.
But with this super bull market underway,
there may be nothing to fear...
tonight us market will go crazy (down)
asia u are refering to HSI and SSE ?
2 of them are still WEAK...
if u are refering to STI.. i think it's splitted half..
one half's as bullish as us and euroland..
another half's as weakish as chinaland..
muifan ( Date: 08-Jul-2011 14:15) Posted:
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if only someone know the US job data ......
do u think she knows ?
eastcivic ( Date: 08-Jul-2011 16:28) Posted:
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hmmm i wondering if she shorted sembcorp this morning
rotijai ( Date: 08-Jul-2011 16:20) Posted:
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master gaecia.. are u looking at cap ? :P
ha ha.... u r still a student ?
muifan ( Date: 08-Jul-2011 13:03) Posted:
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hope to see a solid pierce thru of the $2
in line with GAR as the key indicator ...... technically, Genting may probably see an impulsive break upwards anytime soon ......