
"Fundamentals thinking" has already wiped out many people in the last few months alone.
Bet on a rise or fall as the market progresses and act accordingly...
but never base one's actions on the stocks' fundamentals.
Because when the market tanks (to borrow one of dear Elfin's terms), all stocks go with it.
And also, when the market 'cheongs' all fundamentally bad stocks cheeong too... hehehe...
look @ UOB fly...
hope it doesn't get fried tmr..
just hit my stop loss..i'm out..40c gain for 1/2 a days work..
pretty good..
frankly i hate the vol of STI today..be cautious of STI rise with low vol

millionodyssey ( Date: 23-Oct-2008 19:40) Posted:
|
sitting on 30-40 c gains..nice scalp for the day..
don't like STI rise with super duper low vol..placed stop loss @ 30c profit.. :)
talk abt quick scalp.. 20c gain.. :)
more to come..check out the vol..
UOB looking good for a quick scalp..technicals looking good for an entry..
remember ur stop loss..
At this moment, AK opine that dun buy anything. just observe and relax.
HLJHLJ ( Date: 23-Oct-2008 22:19) Posted:
|
I would go for this: SGX+Singtel+OCBC
Read your blog. Interesting.. For me, I aim only for 7% per year average.
For me, my investment motivation is that it is fun and to beat better than inflation.
It is difficult actually, after some years in it. If we are devoid of emotion, maybe it would be easier. Sometimes when I look back with my old portfolio, perhaps it is better if I sit on it for 15yrs and cash out during peak, then i would have done much better. On hindsight, "In In Out Out " is not the way for me due to emotion and work commitment.
millionodyssey ( Date: 23-Oct-2008 19:40) Posted:
|
At what price do you all think is the bottom for this stock? Given a choice, would you buy one lot of UOB or one lot of SGX+Singtel+OCBC each? The total price is around the same.
My personal finance blog
AK_Francis ( Date: 22-Oct-2008 16:04) Posted:
|
ha ha, no eye see, released this burger at 16.14 while I was on my way back to kampong, a day after F1.
seems like not bottom yet. may be 6 yrs low???
No major news. Latest, major market agent bank in 2007
just paid out 1H08 20 div cts in 1 Sep 08
FY08 31 Dec 08.
FY07 paid 45 cts div.
uncle Yaw still holding 17.33% stake, as in Mar 08. Both sons equally holding 9.8 % each.
Not sure how other local banks involvements in Mac, Mae and Lehman Bro issues. HK and SKorea had halted interest with Lehman Bro offer.
Around 19.40 should be a great price to short it... but no guarantees of profit...
of course...