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If you want me to think a lot, then I'll just say you're still bullish.
I don't think much... I just dump when things are not right...
think and tell me why..
Only 30%? why are you not freeing 100% ???
I think the climactic peak for the market has already taken place with Genting contract win.
You mean reach a climactic peak? Yea... sort of...
Yesterday I already cleaned out all mine when I said "ominous".
usually will have a final thrust before climax.. just now sex.
yes stocks is just like sex.. the final few min is very intense, huge pressure and struggle, 1 final mighty thrust for the final ejaculation...
jokes aside,
since nostrademus and me have the same reading. i think there is no harm to lock in 10-30% of the profit.. free around 30% cash of total portfolio for bargain hunting..
yes... losses can be "locked" too... hehe.. :)
or losses!
however, be warn as divergence in STI is getting very obvious everyday.. suggestion is to lock in some profit..
if the trend is still intact, the next few days will see STI make another new high.. the trend and the way STI move is very predictable and routine.. however tomolo is the key..
like nostrademus said. the correction may be here as i can feel that there is no actual support and shares are dropping at faster rate than before..
It's typical of the beginning stage, where denial and unbelief reigns. Give it a few more days to be established... then things will move lower.
Note that China Energy IPO price is at the highest price of 83c of the estimate range. This indicates the confidence of the market. Thus STI will be well supported at 2850.
A lot of whipsaw or volatility in the market. This is a sign of a correction. A tug of war between bulls and bears. Who will win?
hehe... if you are a long-term investor, maybe you are not too worried... :)
Alamak... I'm still holding on to some stocks... lost some money over the past few days already.
My bet is that this is a jittery market, mixed with bulls and bears. Sideways perhaps, until the next round of financial reporting or extremely good or bad news.
With so much economic activities such as IRs, ventures in the Middle East, India and China, the STI will well supported except when a crisis such as terrorist attack will it fall greatly, otherwise it dips a bit and surge higher on the uptrend.