Post Reply
61-80 of 202
I have been witnessing heavy distributions every day on the SG market, even when the prices are still moving up. I know it's just a matter of time before the heavy distributions will change the course of the market. Today, despite just the 10 points drop in STI, some of the weaker stocks are breaking down badly. Some stronger stocks might still be holding on support, but I personally think it's just a matter of time before things get really worse.
I don't think the intensity will be as bad as 2007 financial melt down, and it's rather just a " healthy" correction. Still it will be painful for some.
yeah i think so too but just wanna confirm the trap before entry.
CMZ is trapping the bull, similar to Yanlord trapping people yesterday on a false breakout.
hope you sold ur cmz. i am bearish on this counter and still looking to short it when opportunity comes. dun wana fight the market thou
chartreader ( Date: 17-Sep-2012 23:14) Posted:
|
dun worry i short only when i got signal. just that the short and long list have potential to go up or down.
like cmz i didnt enter short till i get my signal to sell it which have yet to trigger
yabbest ( Date: 17-Sep-2012 17:20) Posted:
|
Speculative Portfolio - 17 September 2012
http://chartreader88.blogspot.sg/2012/09/speculative-portfolio-17-september-2012.html
friend Ausgroup strong closing...resistance lvl high, not advice to short
| cashiertan Elite | Posted: 17-Sep-2012 02:18 |
 x 0  x 0 | Short Counter -> chip eng seng, sound global, midas, global logistic, ezra, ezion, dyna-mac, ausgroup, CMZ long counter > asiasons, cosco, hiap hoe, iev, sky one, indo agri, gmg, kreit, stx osv, Singtel, thai bev, tech oil gas, |
Dun mean to be rude,short Midas and long Cosco?
cashiertan ( Date: 17-Sep-2012 02:18) Posted:
|
Shorted Yanlord at 1.25 ... Hope I nail it hard on it's ugly head.
Short Counter -> chip eng seng, sound global, midas, global logistic, ezra, ezion, dyna-mac, ausgroup, CMZ
long counter > asiasons, cosco, hiap hoe, iev, sky one, indo agri, gmg, kreit, stx osv, Singtel, thai bev, tech oil gas,
Cheers mate, you summed it nicely: " For those who like to short, there will be some counters even in a bull run" .
There are counters that do not react much when general market moves to the upside, but tend to over-react when the market corrects. They will make a nice short candidate especially when the general market is ripe for a pullback.
Now that you have explained in greater detail, I can understand your views better. In particular 'one should only bet what he can affort to lose' makes very good sense.
For those who like to short and there will be some counters even in a bull run, 3 important events should be taken into consideration:
The ECB has, with the sanction the German Constitutional court, declared its intention to support the European financial market by buying Euro bonds. That has reduced the costs of loans and the volatility of the financial market.
China has started easing monetary policy and announced a big budget for expenditure of infrastucture projects (Midas is a beneficiary). And they also announced they are prepared to do more. When they announce more measures, there will be another uptick in the share market.
The greatest news is the announcement by the US FED that they will support the economy until it and the job market improves. Who can fight the Fed when they can just print money to keep buying mortgages and debts?
In 2009 after the announcement of QE1, many experts - reputable as well as perpetual pessimists - warned of the double dip but the super bull run continued for more than a year. We should learn from history although one cannot say history will definitely repeat itself.
chartreader ( Date: 15-Sep-2012 16:29) Posted:
|
Ya you are right but difficulties are everywhere. Right!!!
chartreader ( Date: 15-Sep-2012 18:40) Posted:
|
Friend, you noticed it as well. But this giant very difficult to move down unless there is big bear. Normal market correction usually has a lesser impact, making the move not attractive
cashiertan ( Date: 15-Sep-2012 18:33) Posted:
|
consider shorting singtel on monday.
Every pump and dump need a catalyst, and Ben's QE3 announcement was the catalyst for last Friday rally. And I said market operator" s" to indicate plural noun, instead of singular. If you observed carefully, some of the market leaders had popped days before the QE3. They no longer popped last Friday, but either took a breather or started to show initial signs of selling.
I won't put myself in the same league as the experienced and credible shortist you're referring to. If you read my earlier post, I initiated " small" short as everybody knew QE3 might be announced during the FOMC meeting last Thursday, with the intention to add my short position after the euphoria finished if things turned as what I anticipated. Market volatility should be expected when such market moving announcements were to be made. One should only bet what he can afford to lose. And different people has different capability to stomach volatility. Nobody should chew something he can't swallow.
BTW this is the view I have for my short term speculative portfolio, so yes I take bigger risk and my strategy is more speculative in nature. For my long term portfolio, I have a completely different strategy and risk appetite.
junction ( Date: 15-Sep-2012 14:29) Posted:
|
" The champagne has been popped and the market operators intentionally make everybody drunk with euphoria. The only thing left for next week will be just the hangover and it ain't be pretty"
You think the market operators manipulate the market and not because of Bernanke announcement? Which market operators have the ammunition to manipulate the whole world markets?
Some shortists have been caught with the pants down on Friday, even some experienced and credible ones. The brave ones will hold their shorts and the adventurous ones will 'short the the juicy peaks' but the smart ones will wait and see.
chartreader ( Date: 14-Sep-2012 14:16) Posted:
|
I am anticipating market to get a hangover from next week onwards. For Yanlord, I'm waiting for 1 last confirmation before taking actions.
Sgshares ( Date: 14-Sep-2012 21:38) Posted:
|
What do you plan to do?
chartreader ( Date: 14-Sep-2012 17:14) Posted:
|