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STI to cross 3000 boosted by long-term investors

Just foresee some nice numbers coming up for Friday trading....Sixth sense

teeth53	Posted: 19-Jul-2007 18:30
* Alert Admin	In deed mkt closed up...Later see DOW may further give a slight push for STI (Fri)  Straits Times Index    Last:3604.62   Vol:4,548,9,000    +20.65

 

Recovering in a day.

US markets up tonight. hope tommorrow local market cheong again.

 

See DOW opening hmm....above 14k.... that cool... STI Friday Cheongg...arhh.



9:32am:  IBM's earnings help lead tech surge from the opening bell. (more)

 

I took this opportunitities to buy back some on TT Int'l (Mr Oei Hong Leong stable and oso NOVENA boss got about 16% interest in it).

 

Will it be a profit taking session tomorrow?

 

Aiyah, why today so fast recover. Didn't manage to earn much from panic sellers.

 

DOW Futures comin up....soon



8:10am:  Futures point to higher opening on upbeat results from IBM; Fed chief heads back to Capitol Hill for another day of testimony. (more)

? Check stock futures and overseas markets

 

Yesterday's dip was too much too hard in my view. Today's recovery was strong and backed with good volumes.

 

In did mkt closed up...Later see DOW may further give a slight push for STI (Fri) 

Straits Times Index    Last:3604.62   Vol:4,548,9,000    +20.65

 

But to to be overwhelmingly influenced by history of the past...
is also not allowing for the possibility of things to be different this time round....   

 

 

can't see any major reasons why STI will not slowly ticking up but don't expect it to go up in a straight line...if play contra...will be tough lah.

 

Lai ah, panic sellers. Please drive the price lower. Waiting to collect some more

 

A significant drop of the STI on a volume of 9.1 billion shares is a sign of weakness.

Only a first shot across the bow. 

 

 

Hold on your money, the margin force selling is still on the way, especially for those penny and mid-cap stock. Will see further price drop.

US market indeed will drop soon because of the deeper trouble for mortgage.

Big investor cash is flowing out of Singapore recently, up-side support is not strong. Market will react aggressively again if any bad or unflavored news.

Be cautious. Buy fast, sell even faster!

 

wonder if today the government will announce anything in the afternoon again or not...maybe tell us that GST will increase another 2% or what

 

Today mkt is going to do abit of flavour to recover just like NIKKEI.

SGX mkt opening is abit greenish for today, trade within ur mean..happy trading..YA!!

 

What has MaboloTAN got to do with SGX stock trading, esp with oil price up.
Nikkei is also up today +107 on opening trade, DOW recover half it losses from -130 to closed at -53.33 pt
Shortist will be buying up again today, just like yesterday shortist bot down from 4 pm.
Today mkt is going to do abit of flavour to recover just like NIKKEI.

 

The announcement of development charge rates revision from the current 50 percent of the appreciation in land value to 70 percent cause some sell down of property stock in the early afternoon.

This selling spread to other counters.  Things turn ugly when SGX and Securities Internet trading system server were not able to cope.

Panic selling started when traders were unable to get through to their brokers. Even if they manage to get through, trades were not able to be execute and confirm.

In the history of trading, this may be a laughing stock.... Panic selling due to unknown reasons. When people start selling....Everybody start selling!!!!!!

Stocks are oversold.  There will be bargain hunting when trading starts. 

 

Market will recover .....

 

Short with caution .... may be caught on the wrong side ..... squeezing could be very very hard .....

 

 

 

My view is that yesterday's correction is going to be more severe than previous....perhaps post election severity in May 06. Just look at vol (9.3 bil) and value ($4.3bil) done yesterday.

The Govt is not done with its property curb measures....think there is more to come.

Also, Dow does not look too robust as the sub prime problem still exists.

Hope I am wrong though.