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shoerted again @7.96
Theres no reason for it to move up this week after its very bad earnings report. And all the negative earnings report coming out from US this week. I had sold all my SGX shares on Mon and changed to Short positions.
idesa168 ( Date: 15-Apr-2008 09:39) Posted:
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$8.00 I meant!
idesa168 ( Date: 15-Apr-2008 09:48) Posted:
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hehehe...immediately I shorted it went the other way round...#$%^&*!. The buying up now is strong, wait a while more to short furher...$9.00??
OK, shorted some @7.91 first, then more to follow later...hehehe!!!
Let's have fun...waiting to short @$7.92
Since no one can tell a trend until it has occurred, it is just as well to play long or short,
depending on one's whims of the moment, since the same risks exist in both directions.
The important thing to do is to predetermine one's 'dumping point' and act ironly on it...
u r back to ur usual self
nickyng ( Date: 15-Apr-2008 09:24) Posted:
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today is definitely a GOOD day to explore SHORTING this burger... i hv endured for so LONGgggggg....hee
cheers ! :)
SGX may fall below $7 and back to $6+ (2 weeks ago): ~ As trading volume continues to fall with week investing sentiment ~ US, Europe, Japan and China markets all plunge this week ~ given all the negative earnings coming out this week
20-Mar-08 6.40
19-Mar-08 6.48
18-Mar-08 6.63
14-Mar-08 6.80
13-Mar-08 6.67
The earning already costed in earlier by analyst. The coming qtr weakness also expected by all. If DJ tonite don't go mad, then they may be U turn on it, as such shorting is not viable. If DJ plunges, then it will go downwards, how much ? May not be huge margin, if the BBs stay aside.
Expected weakness in the near term due to global weakness ....
I saw the financial report was made after 5pm in the SGX site...So, will this burger drop like free fall if DOW is still in red tonight?
Quite high volumn traded, about same with last Fri. But not much thrill, along the way. Can't do anything on it. See tomorrow how loh. Cheers.
SGX Group announced a third quarter profit of $101.5 million, a 13.9% increase from 3Q
FY2007 ($89.1 million). Compared to the preceding record quarters, 3Q FY2008 has been a
challenging quarter affected by the sharp downturn in global markets. 3Q FY2008 profit dropped
by 17.1% from 2Q FY2008 ($122.4 million
securities market.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_6D11CAD2B7DCAB314825742B00300047/$file/SGXNet3QFY08.pdf?openelement
i think thats the old reporting, today releasing 3Q.
Farm, no fun leh, I think needs to wait for tomorrow loh. But still monitor it before close. Cheers.
wait for me....wat 4 mi?
On your mark, get set ,,,,,,, and Go leow.