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The BBs love this counter... They will short, short, short!!!, and draw you in to sell sell sell!!! and they eventually buy in... Ha Ha Ha...

. That how they make money.. But when they cannot make money, they blame the market!!!Ha Ha Ha
almost 5% rise today..miss the ride..
any views about tmr and next week?
BBs are covering their shorts!!!
The BBs is playing a tug-a-war game!!!
LATEST:
Ministry of Finance wishes to clarify that the proposed change in the Income Tax public consultation document involves no tightening of the current income tax policy for individuals who sell their properties.
The only change proposed involves a relaxation of income tax treatment aimed at giving certainty of non-taxation to individuals who do not sell properties frequently. This has been in response to public feedback over the years as under existing practice, such certainty of non-taxation has not been provided.
The proposed change is therefore not an anti-speculation measure. It does not mean that individuals who have sold more than one property within a four year period will automatically be subject to income tax. There is no change to the current and long-standing income tax treatment in this regard. Whether individuals who sell properties more frequently are subject to income tax depends on the facts and circumstances of each case. IRAS has in the past brought to tax a small number of individuals -- who regularly transact in property, and whose gain from the disposals is assessed to be income.
Singapore does not have a capital gains tax, unlike many countries. Its income tax rules are merely aimed at taxing persons who make an income out of their property transactions. This income tax policy is common among tax authorities internationally, and our local practices are not unique.
There is no requirement that individuals must report to IRAS for income tax purpose every time they sell their properties – this will also continue to apply going forward. IRAS has always conducted its own audits of property transactions for possible cases of assessable income.
The only change being proposed in the Income Tax (Amendment) Bill 2009 is to provide certainty of non-taxation for individual owners who do not sell properties frequently. Specifically, when individuals sell their properties, they will be certain that the gains made from selling their properties will not be subject to income tax if they have not sold any properties in the preceding four years. The lack of certainty in the current rules presently for individuals who sell their properties had led to public feedback for more clarity of income tax treatment. In response to such public feedback, Ministry of Finance is proposing this improvement, as part of its regular review of the Income Tax Act.
your opinion for this report is bad or good?
how much can this drop to?
solar2008 ( Date: 09-Jul-2009 13:12) Posted:
Thks. Now can only play short term. Tomorrow may drop more after the employment data out tonight. |
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the ppty mkt is played up by speculators lately,,
dvdtsk ( Date: 09-Jul-2009 14:07) Posted:
Ppty stocks are recovering; Sell-off is overdone - UBS. S’pore property developers are recovering from yesterday's sell-off, which was driven by worries over proposed changes to property gains tax. UBS says that the market misinterpreted tax proposals as the govt had only intended to provide clarity on the existing tax law and were not imposing new laws or tighten current ones. UBS adds that property stocks were "unfairly penalized" in yesterday's sell-off. DMG meanwhile says that jitters are only temporary and that share price weakness is a chance to buy, "with the Marina Bay Integrated Resort's opening in early 2010, stocks and physical prices should resume their upward trend following this short-term blip, which represents a good entry point." |
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The property sell down is not really due to this. The overall market sentiment is no cautious mode now.
Ppty stocks are recovering; Sell-off is overdone - UBS. S’pore property developers are recovering from yesterday's sell-off, which was driven by worries over proposed changes to property gains tax. UBS says that the market misinterpreted tax proposals as the govt had only intended to provide clarity on the existing tax law and were not imposing new laws or tighten current ones. UBS adds that property stocks were "unfairly penalized" in yesterday's sell-off. DMG meanwhile says that jitters are only temporary and that share price weakness is a chance to buy, "with the Marina Bay Integrated Resort's opening in early 2010, stocks and physical prices should resume their upward trend following this short-term blip, which represents a good entry point."
thanks. noted about the report..hope can load some for contra tmr.
solar2008 ( Date: 09-Jul-2009 13:12) Posted:
Thks. Now can only play short term. Tomorrow may drop more after the employment data out tonight. |
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Thks. Now can only play short term. Tomorrow may drop more after the employment data out tonight.
congrats..good for u buddy
solar2008 ( Date: 09-Jul-2009 11:26) Posted:
Loaded at 3.31 yest, sold at 3.43 today. |
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Loaded at 3.31 yest, sold at 3.43 today.
got chance to go down below $3?
today open was good..now down back to 3.4...
wait for <$3...be patience... :P
Wonder how much it will fall.....
Free falling....
Price looks good. anyone loading up?
No apparent HS...
But if it goes down to 3.30, that
may be a good buy price, maybe reachable end of
this week, or next week..
Hi,
can the TA expert out there, verify if there is a Head and shoulder formation in the daily chart ?
Thanks,