Dear Friends,
STI after consolidating so long between 3240 and 3330, seems poised to break the 3330 curse, powered by a run in Genting and the 3 financial banks. After an Upgrade To Buy From Neutral By Bank of America-Merrill Lynch, Genting goes up 6 cts today. These 2 days, Genting has gone up near to 10 cts.
Tat Hong today also leap forward 6 cts. I am wondering will this run in mid priced stock trigger a run in some other mid priced stocks too? I will monitor closely. Stocks that are in mind are stocks like Yoma, Ezion. Sometimes stocks travel in flocks. A surge in confidence in some stocks can create an avalanche and spill over to similar priced stocks.
Having said that, I am also placing my sight on the US market. Currently there has not been a sure signal that Dow Jones is about to go into a mid term bear run. S& P500 1540 strong support is holding well. But do take note should it break 1540, we need to be careful.
According to Goldman Sachs latest report on the market, the " SELL in MAY and GO Away" effect may not happen this year.
http://blogs.marketwatch.com/thetell/2013/04/24/sell-in-may-and-go-away-not-if-youre-goldman-sachs/
My view is that there will be a correction coming soon, but the big question is WHEN?
My advice is if mid price stocks has a run, short term play is preferred to long term investment.
Rgds
Daniel
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We all are adults, mature enuff to know, may our knowledge and plus familiarity with which stk one is vested in, play, speculate, long and or short. Stk manipulate on....players action will always be responsible ultimately for their own action in stk trading.
Do it with a pin of salt. That oso one need to do their own analysis n home work. Happi trading n speculating.
Do it with a pin of salt. That oso one need to do their own analysis n home work. Happi trading n speculating.
AnthonyTan ( Date: 26-Apr-2013 11:27) Posted:
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Singapore shares touched to a five-year high on Friday.
The Straits Times Index was up 0.2 % at 3,342.74, the highest since January 2008.
The Straits Times Index was up 0.2 % at 3,342.74, the highest since January 2008.
Yup. Sti can fly like a g6 but it doesnt mean anything if others beside those in sti does nothing.
juzwonder ( Date: 27-Apr-2013 02:38) Posted:
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STI only tracks the performance of 30 listed companies. Penny stocks are out of bound right?
AnthonyTan ( Date: 26-Apr-2013 11:27) Posted:
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DOW perform so far....so good?.
10:48 am: The U.S. economy accelerated in the 1st quarter, but economists aren't optimistic it will last. More
hmmm...u understand my post....haaa
solomonster ( Date: 26-Apr-2013 13:52) Posted:
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Early stage of buying opportunity,bottom fishing stage ,test the top sopn
not exactly. dont have to be too shrewd.
just do the opposite of what the private banks tell u to do. esp the ones that are broke. haha
AnthonyTan ( Date: 26-Apr-2013 12:35) Posted:
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Hahaha......LOL
Just want to hear the good stuff!
eurekaw ( Date: 26-Apr-2013 11:50) Posted:
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Don't anyhow pump hor.
U must be a very shrewd player in order to make money
in this kind of mkt condition, cheers.
eurekaw ( Date: 26-Apr-2013 12:00) Posted:
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haaa..can la...everyone pump in a bit ...here we go again....
AnthonyTan ( Date: 26-Apr-2013 11:56) Posted:
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Tat's yr presumption. I don't think it can hit yr target lol.
eurekaw ( Date: 26-Apr-2013 11:50) Posted:
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Noted. Thanks
Isolator ( Date: 26-Apr-2013 11:23) Posted:
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Maybe that's what you do not like to hear from him. How about mine?
STI 3600 in 2013. DOW 18000. Cheong arh
AnthonyTan ( Date: 26-Apr-2013 11:27) Posted:
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U r contradicting yrself. U stated tat STI will crash down to 2000 in 2013.
Why r u long on yr stocks. U r the greatest market fortune teller, always talking
nonsenses in this forum. .Imagine investors selling all their stocks believing in what
u said the STI crash down to 2000. That's a very misleading statement. u hv made.
Adios amigo.
Isolator ( Date: 25-Apr-2013 15:21) Posted:
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The New ERA..... STI 2000.... come come...... 2nd half...... property 30% discount........ good bye everyone... .LOL
Charging Ahead...The Dawn of A New Era
GOALED IN ONE ?????
http://sg.sports.yahoo.com/blogs/fit-to-post-sports/ultimate-goal-kick-off-better-van-persie-volley-234119191.html
Will STI finally break the 3330 curse?
Maybe that is for good for HK IPO market only.We can only hope for spill over.