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STOCK WILL BE BACK STRONGLY IN THE FUTURE...
Of course it will, eventually. And when it does, incredible bargain opportunities will abound. But to make sure you can buy them, you must do two things:
(1) Keep your assets intact and …
(2) Wait patiently for that day.
How you say?...hedge with silver and gold and then finally sell gold and silver and buy stock...
Only gold and silver can keep your assets in tact to exchange for stock eventually....
when a country goes into chaos... iron fist is the way to go....
Is Obama fist big enough... not big enough at least hard enough.... hehe....
too many wild chickens on the street liao... enforcement is the way.... hehe.....
very comfortable liao.... SL at 7.55.... think will nvr trigger... hehe...
ride the rebound... Huat arh....
run road 1/4.... left 1/4 for stop loss.... hehe...
immediate reboud again... hehe...
today is on Tuesday... gap down enough for a quick rebound.... hehe...
Huat arh...
half show hand.... buy lai lai.... hehe....
You are right, wait for correction to get in, i think it is coming,
Believe me gold make me more $ then stock..last year...
I alway though buy cost average down ..some good counter, but look whart happen..u buy today...next week or a few days later u can buy cheaper and this cycle go on and on..so i think i will stop buying for now and will only start to buy again until market stabilise...i am not alone...read
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| Hulumas Master |
Posted: 17-Feb-2009 16:23 Contact Hulumas * Quote this Post! |
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Oh no.......... Money cost averaging to this counter really very hard to work. I bought in the stages of almost ten times from as high as Sgd. 9.00 till now. I cannot imagine my paper loss, so the last averaging stage will that be at Sgd. 1.80, I hope not....!!! |
richtan ( Date: 17-Feb-2009 20:54) Posted:
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Cheong Wee, many thks for your advise, but dun u think gold is now extremely overbought & the risk greater than the reward, as profit-taking & shortselling may appear anytime, I would rather wait for correction to oversold as I dun believe in chasing after prices to later see it correction.
I'm sure nothing goes up or down in a straight line, there is bound to be correction anytime soon.
cheongwee ( Date: 17-Feb-2009 20:39) Posted:
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I do sincerely hope the bailout do work in some ways...if not then we see a dow of 5000...STI
1200!!!
I think you guy buy a little gold to hedge...i loss $ on stock, but well make up for it in gold and silver...really..
iPunter ( Date: 17-Feb-2009 19:32) Posted:
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Bailouts and prop-ups are not the stuff sound economies are made of.
As it is, the whole capitalist system has virtually broken down...
It would be interesting from this point on, to closely follow discussion and expositions on alternative economic systems and solutions.
Simply wielding past (unworkable) practices and 'solutions' may only make a bad situation worse.
Better to let nature take its course, whatever the outcome may be...
Is March 2009 the buying opportunity month then?
williamyeo ( Date: 17-Feb-2009 19:18) Posted:
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Stocks poised to plunge
Stocks set to slump at the opening bell over stimulus plan concerns.
NEW YORK (CNNMoney.com) -- Stocks are poised to open significantly lower on Tuesday, as investors worry that the new stimulus plan - expected to be signed into law later in the day - won't help breathe new life into the economy.
At 5:25 a.m. ET, the Dow Jones industrial average, S&P 500 and Nasdaq futures were lower with a comparison to fair value, suggesting a dismal start on Wall Street.
Futures act as a general guide of how markets will likely open, measuring current index values against the perceived future performance.
U.S. markets were closed Monday in observance of President's Day.
Global markets on Tuesday were lower, with declines in the Asian and European indexes.
All eyes will be on President Obama, who is expected to sign the $787 billion stimulus bill into law sometime Tuesday, marking the final step for approval in what has been a contentious process and the first major challenge for the new president.
Enthusiasm over the stimulus plan and bank bailout have been tempered by an ongoing barrage of bad corporate and economic news. Last week, the Dow shed 5.2%, the S&P 500 fell 4.8% and the Nasdaq stumbled 3.6%.
Looking forward, the president on Wednesday is expected to unveil his long-awaited foreclosure prevention plan.
Companies: Wal-Mart Stores (WMT, Fortune 500) will report fourth-quarter earnings before the bell. Analysts expect the company to report a 2% gain in revenues to $109 billion, and a 5% decline in earnings to 99 cents per share, according to a consensus of analysts polled by Thomson Reuters.
Tuesday is also deadline day for General Motors (GM, Fortune 500) and Chrysler. The automakers, who have already received approval for $17.4 billion in loans from the government, will submit their latest financial survival plans to the Treasury Department.
Oil and money: Oil prices fell 56 cents a barrel in early trading to $36.45. The U.S. dollar rose against major currencies, including the euro, the yen and the British pound.
