Straits Times Index   

STI to cross 3000 boosted by long-term investors

I have also sold and then sometimes bought back at higher price. I sold Swissco at 86c and bought back at 90c:). It is sometimes pride which prevents people from buying at a higher price they sold at. "Die die" the price must go below their selling price or they won't buy

 

STI is in for another red red day....~! Dow falls 153pts as of 2.30am...gosh...wonder how will things turn out on Monday...a new start for next wk? but on the positive note...buy when its falling eh... hopefully shall gain next wk~!

 

STI broke down from bearish rising wedge.

Pls be careful.

our support is at 20EMA....if that goes, then good luck to all vested.

 

like to add another mistakes.

Most ppl dun like to buy back their shares which they sold too early. i often sell liao at lower price and when it goes up, i buy it again

yes i make a mistake selling too early at lesser profit but than it will be another mistakes if i dun buy back at higher price. It is ok to buy back at higher price than what u sold..

 

One common mistake is people like to wait for their "ideal price" before they buy their stocks. If your ideal price is 54c and the stock price is 56c, what harm is there if you buy at 56c??? Some were waiting for Noble Group to drop again to 90c before they bought when Noble was $1.20. Well Noble Group is now about $1.58.

 

Another mistake is that most people also like to queue to buy their share. I hardly ever queue, I always BUY DIRECT and take the selling price. To me what is the difference between buying at 34c (buy price) and 35c (selling price). It is only 1c! You could "miss the boat" when you queue. Why risk that for the sake of queueing? 

 

Finally another mistake is to "monitor" for too long. When I recommended some stocks to friends, the immediate reply is "I will monitor". Then when the share price starts to move, you say,"Oh miss the boat." Then the boat continues to "sail away". So in the end, you will never buy but "monitor" it sailing away.........

 

By the look of things, the market still has a long way to go yet...

 

Volumes are getting better.... a good sign. Today's trading volumes > 2 billion

 

ed88ks...

Yes... fully agree with your comments...

Mr. Market will tell us what it's doing...

ie. it won't listen to us or our worries, fears, etc...!

 

Bottom Line

The market is on a roll.  The momentum is being driven by liquidity and long-term optimism.  There are very few fears.  This is partly because the fundamentals, while not overly bullish, are also not bearish.  The economy is not about to enter recession, inflation rates are declining, and interest rates are steady with no risk of Fed tightening any time soon.  The bullish momentum is therefore not encountering much resistance. 

It could easily continue a while longer. As we mentioned above, we aren't big believers in this rally because earnings growth is slowing and economic growth is below long-term trends.  Nevertheless, valuations are reasonable.  We aren't going to argue with the market so long as there are few bearish factors and the market is not overvalued.

As always:

We believe that the best way to participate in the wealth creation machine known as the US economy is to own stocks. There are plenty of investors that first got into the market in the late 1990s, and learned that stocks can go down. However, it is wrong to conclude that rising stock markets always mean a bubble and then a crash. Over the long term, the indices march higher. Right now, stocks are reasonably valued and the outlook for the economy in the years ahead is good. Stocks will provide good long-term returns. www.briefing.com/

 

Frankly I am not too bothered about STI unless it is a major correction.  I am more concerned with my individual stocks. US market fell 100 over points last night but some oil related stock cheong man!

 

oh tes.. my Put warrent still in Black.. heng..

 

Shortists today will be cursing and swearing.... better start covering back!

 

recovery as expected and we will buy on dip...good luck trading

 

called my shi xiongs and shi jie abt their views on STI and Dow Jones. Most exited or have exit more than half their portfolio as taught by our teacher for safety. Some of them areadi shorted QQQ

 

we shall see how this bull defy the TA once again..

 

singapore market still perked up coz of all the reverse takeover buyout offers floating around.
today Courts bargain offer going on so how can retail not stop buying.
but seriously look around u Australia, NZ , Europe all showing high levels of inflation, 1 bad report for USA numbers next week and i think that is end for upward slope for some months.

 

Well we will see. I am not always right....

 

Tell you it is a trick to bring down the market talking about rate hike etc.

 

still call for buy on good stocks as good strength in STI (just see top 20 volume almost all positive)...few weeks of good trading till 21st July...good luck :)

 

Just came back from open field betting games. Good to see market no panic selling leh... Singaporean investors very chai chai nowadays.... dee-mark.... :)

 

Guru Livermore,

 I agree with u that US is not really that strong now. in fact the current rally is fueled quite alot by the decline of the US dollar. with a declining us dollar it dun make much sense to hold in cash or bonds.. In fact the Twin defict of the US are still a major concern with US seem unable to reduce their Spending.. if China decide to cut just 20% of the US reserve to euro ( which they mentioned last year their are pondering abt it) than USD can drop alot...