ShareJunction - Stock Forum Messages

Genting Sing Last:0.745

-0.005

Traders Lounge - Daily opportunities for everyone

Friday: 29 10 2010 CLOSING

pharoah88 ( Date: 30-Oct-2010 22:05) Posted:

pharoah88 ( Date: 30-Oct-2010 21:52) Posted:

BT

Please post the INTRADAY for UOB on 28 & 29 OCT 20010

and explain the APPROACH for Monday.

BT, I would say we are fortunate to have someone like you so kind hearted to guide the new birds along like myself to be a better trader.. Many thanks..

BullishTempo ( Date: 30-Oct-2010 21:46) Posted:

The results announcement for UOB was announced on friday during lunch break, which explains the price spike after lunch. You can see that on your intraday chart. At 12.29pm it was 18.46, at 2pm it was 18.60. A 14-cents spike.

100 lots will bring in about $14,000 profit for those who bought at 12.29pm and sold at 2pm, a short duration of about 1.5 hours.

That is the influence of results announcement on stocks.

The white candle on friday for OCBC shows you a much better investor sentiment towards OCBC's results announcement than to UOB's. UOB and OCBC, even though both are in the banking industry, they are still two different business entities with different business profiles. No doubt their income statements and balance sheets will be different as well.

Every trade carries a risk, a possible reward of $14,000 profit also carries the risk of a $14,000 loss. Can you take that risk? This is a question you have to ask yourself.

Trading is not for everybody. You might be better off as a long-term investor.

Jfierce ( Date: 30-Oct-2010 16:20) Posted:

I would guess it's because expected earnings for Q3 were not very high for banks but UOB supposed expectations which is why there was a drop but then a rise after annoucement. OCBC which was trading on Fri after seeing UOB post earnings that exceed expectations also start to rise in anticipation for Mon's results?

pharoah88 ( Date: 30-Oct-2010 21:52) Posted:

BT

Please post the INTRADAY for UOB on 28 & 29 OCT 20010

and explain the APPROACH for Monday.

BullishTempo ( Date: 30-Oct-2010 13:53) Posted:

Study Intraday charts for UOB on 28th and 29th October to get an idea on how to play OCBC on Monday.

Note the results announcement time. If dunno what I am talking about, read all the previous posts.

I will show you how to do stock research and news tracking in my course.

bladez87 ( Date: 30-Oct-2010 21:44) Posted:

WOW! indoagri what happened sia. super long shadow. high volume, looks set for a strong reversal. but needs confirmation. ocbc too ex to buy, 1 lot commission in and out will take up $50. need it move 5 cents to breakeven.

btw where you get all the news update on individual counters ah BT? i wanna find for news sources too.

Indofood Agri down on Q3 net profit fall

Tags: Indofood Agri Resources

WRITTEN BY THOMSON REUTERS

FRIDAY, 29 OCTOBER 2010 10:33

Indo Agri just reported earnings which did not meet consensus estimates. Do your research properly before you jump in.

100 lots of OCBC or even UOB can be done with CFDs. But like I said, leveraged trading is not for everybody.

High risk, high rewards. But I also know people who got so badly burnt they never recovered. Are you prepared to put yourself through the training and put in the necessary time and effort to train yourself to be a trader? Trader's skills require laser sharp accuracy, excellent timing of exit and entry, solid nerves and fast reaction during market hours. Not to mention hours of research and preparation before market opens.

If you are not prepared to do all these, I suggest you keep your money safe in the bank and perhaps invest as a long-term investor.

bladez87 ( Date: 30-Oct-2010 21:44) Posted:

WOW! indoagri what happened sia. super long shadow. high volume, looks set for a strong reversal. but needs confirmation. ocbc too ex to buy, 1 lot commission in and out will take up $50. need it move 5 cents to breakeven.

btw where you get all the news update on individual counters ah BT? i wanna find for news sources too.

BT

Please post the INTRADAY for UOB on 28 & 29 OCT 20010

and explain the APPROACH for Monday.

BullishTempo ( Date: 30-Oct-2010 13:53) Posted:

Study Intraday charts for UOB on 28th and 29th October to get an idea on how to play OCBC on Monday.

Note the results announcement time. If dunno what I am talking about, read all the previous posts.

Jfierce ( Date: 30-Oct-2010 13:48) Posted:

Hi BT. When you say your money is on OCBC do you mean we should try to buy a bit on Mon?? Or will it be too late already as UOB as announced profits so OCBC should be making a profit also.

Thanks!

The results announcement for UOB was announced on friday during lunch break, which explains the price spike after lunch. You can see that on your intraday chart. At 12.29pm it was 18.46, at 2pm it was 18.60. A 14-cents spike.

100 lots will bring in about $14,000 profit for those who bought at 12.29pm and sold at 2pm, a short duration of about 1.5 hours.

That is the influence of results announcement on stocks.

The white candle on friday for OCBC shows you a much better investor sentiment towards OCBC's results announcement than to UOB's. UOB and OCBC, even though both are in the banking industry, they are still two different business entities with different business profiles. No doubt their income statements and balance sheets will be different as well.

Every trade carries a risk, a possible reward of $14,000 profit also carries the risk of a $14,000 loss. Can you take that risk? This is a question you have to ask yourself.

Trading is not for everybody. You might be better off as a long-term investor.

Jfierce ( Date: 30-Oct-2010 16:20) Posted:

I would guess it's because expected earnings for Q3 were not very high for banks but UOB supposed expectations which is why there was a drop but then a rise after annoucement. OCBC which was trading on Fri after seeing UOB post earnings that exceed expectations also start to rise in anticipation for Mon's results?

BullishTempo ( Date: 30-Oct-2010 14:42) Posted:

Good observation!

OCBC is a white candle the day before announcement but UOB is black.

WHY ????

Find out the reason and post here Smiley

WOW! indoagri what happened sia. super long shadow. high volume, looks set for a strong reversal. but needs confirmation. ocbc too ex to buy, 1 lot commission in and out will take up $50. need it move 5 cents to breakeven.

btw where you get all the news update on individual counters ah BT? i wanna find for news sources too.

I would guess it's because expected earnings for Q3 were not very high for banks but UOB supposed expectations which is why there was a drop but then a rise after annoucement. OCBC which was trading on Fri after seeing UOB post earnings that exceed expectations also start to rise in anticipation for Mon's results?

BullishTempo ( Date: 30-Oct-2010 14:42) Posted:

Good observation!

OCBC is a white candle the day before announcement but UOB is black.

WHY ????

Find out the reason and post here Smiley

Jfierce ( Date: 30-Oct-2010 14:38) Posted:

Sorry my bad. I just went through again and saw the time. I would assume UOB also made around same time. Dropped then went up in anticipation and went up after results announced for UOB before profit taking. But for OCBC, there is a rise on Friday which is different from UOB's drop.. ok shall try to check out more.

Thanks!

oops... saw goldenagri de liao... sp de 11th? or u gonna load up on 11th.. :)

elton81 ( Date: 30-Oct-2010 15:33) Posted:

goldenagri result is on the 11th? SP 1 also 11th? where do u get the information from? i search high and low and cannot find the result announcement date.. -,- can enlighten me mah :)

BullishTempo ( Date: 30-Oct-2010 09:03) Posted:

Yes earnings period is usually the most profitable period for traders.

My money is on OCBC come Monday.

Semb Corp on 8th Nov.

Noble group 9th Nov

Golden agri and GenSp, 11th Nov

QE2 announcement on 2nd-3rd Nov

goldenagri result is on the 11th? SP 1 also 11th? where do u get the information from? i search high and low and cannot find the result announcement date.. -,- can enlighten me mah :)

BullishTempo ( Date: 30-Oct-2010 09:03) Posted:

Yes earnings period is usually the most profitable period for traders.

My money is on OCBC come Monday.

Semb Corp on 8th Nov.

Noble group 9th Nov

Golden agri and GenSp, 11th Nov

QE2 announcement on 2nd-3rd Nov

Gaecia ( Date: 30-Oct-2010 02:07) Posted:

ya IndoAgri dived when earnings came out down 6% but recovered wif a long kangaroo's tail towards end of trading day, reckon BT wld hav added. Its on my watchlist but only noticed after lunch break by then prx rebounded didnt buy. Olam also fared well today but does anyone knows what's happening to Noble Group (is 3rd qtr not expected to be gd)? Bullish and AK mentioned before. All in commodities sector is expected to do well with further weakening of usd esp. with qty easing package clarified nxt wk.

do u have any gd recommendation as to which brokerage firm provides gd services + intraday chart? i tried to ask from my broker previously but he told him there's only for the current day. and not previous days.. as i like to look at previous results and chart b4 i set my target px to buy/sell and daily chart is just too brief to know what will happen in the day.. with only the high and low px of the day..

elton81 ( Date: 30-Oct-2010 15:06) Posted:

poems only provide the current day i think.. it doesnt provide previous intraday charts...

BullishTempo ( Date: 30-Oct-2010 15:01) Posted:

Your trading platform should provide. If don't have better switch

Trading is a serious business...

and not 'main-main'...

or 'tikam-tikam'...

or 'gian-gian hantam or gasak butah'...

Plus, one should ideally have a dedicated setup just for it...

I am sure you will learn all these from BT as you go along... Smiley

BullishTempo ( Date: 30-Oct-2010 15:01) Posted:

Your trading platform should provide. If don't have better switch.

elton81 ( Date: 30-Oct-2010 14:49) Posted:

BT how do u check intraday chart of previous dates

poems only provide the current day i think.. it doesnt provide previous intraday charts...

BullishTempo ( Date: 30-Oct-2010 15:01) Posted:

Your trading platform should provide. If don't have better switch.

elton81 ( Date: 30-Oct-2010 14:49) Posted:

BT how do u check intraday chart of previous dates

Your trading platform should provide. If don't have better switch.

elton81 ( Date: 30-Oct-2010 14:49) Posted:

BT how do u check intraday chart of previous dates?

BullishTempo ( Date: 30-Oct-2010 14:07) Posted:

I already posted OCBC announcement date and specific time before

BT how do u check intraday chart of previous dates?

BullishTempo ( Date: 30-Oct-2010 14:07) Posted:

I already posted OCBC announcement date and specific time before.

Jfierce ( Date: 30-Oct-2010 14:04) Posted:

Somehow i cannot seem to find the details on the announcement times. Even OCBC website like never really say. Would you be able to share where i can find the details? It seems like basically results announce then it rise? But before lunch got profit taking then after lunch peak again then drop all the way?

Good observation!

OCBC is a white candle the day before announcement but UOB is black.

WHY ????

Find out the reason and post here Smiley

Jfierce ( Date: 30-Oct-2010 14:38) Posted:

Sorry my bad. I just went through again and saw the time. I would assume UOB also made around same time. Dropped then went up in anticipation and went up after results announced for UOB before profit taking. But for OCBC, there is a rise on Friday which is different from UOB's drop.. ok shall try to check out more.

Thanks!

BullishTempo ( Date: 30-Oct-2010 14:07) Posted:

I already posted OCBC announcement date and specific time before

Sorry my bad. I just went through again and saw the time. I would assume UOB also made around same time. Dropped then went up in anticipation and went up after results announced for UOB before profit taking. But for OCBC, there is a rise on Friday which is different from UOB's drop.. ok shall try to check out more.

Thanks!

BullishTempo ( Date: 30-Oct-2010 14:07) Posted:

I already posted OCBC announcement date and specific time before.

Jfierce ( Date: 30-Oct-2010 14:04) Posted:

Somehow i cannot seem to find the details on the announcement times. Even OCBC website like never really say. Would you be able to share where i can find the details? It seems like basically results announce then it rise? But before lunch got profit taking then after lunch peak again then drop all the way?

Pretty much close to real time. Some are not free, but still worth it.

Gaecia ( Date: 30-Oct-2010 14:22) Posted:

Thanks bullish will keep in mind. Granted one must be well versed in quick scanning financial stm if announcement is 8.30am or midway trading hrs ie.10am. Subsequently, time to market to execute is another trait. Lol

When u subscribe to the Edge, Business Times and Bloomberg, does the news company will email your requested corporate results real time?

BullishTempo ( Date: 30-Oct-2010 14:01) Posted:

Make a habit to do back-tracking and note the dates and times of past announcements and study how the market reacted with the price dips or price spikes.

Very profitable trader's skill.

Giving you guys a heads up. Look at how the market reacted to UOB's news on Thursday and Friday. Note the news announcements dates and times. Note the result announcement date and time. Compare it to the Intraday charts.

This will tell you when and what time to enter for OCBC and take the price spike ride upwards. Enter at the wrong point in time and you may make a loss instead of profits.

Trading is not for the faint-hearted Smiley

Login Register

Traders Lounge - Daily opportunities for everyone