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Ipunter,
Thanks for ur posting, as mentioned when i buy the FA counters, i am doing it totally against the TA side of me coz i wanna see how FA works. I am greatly amazed by What FA stocks like Raffles Edu. Did for their shareholders, making millionaire doing nothing by holding for 3 years.
As i am relatively busy with work and no longer have the freedom to monitor stocks, i have little time but to depend on FA instead of my pet TA.
Anyway, i agree with the postings by Forumers on cenersave thus i bought it, nevertheless, i still amazed by its reluctant to climb even with strong future growth. Well i think i need to read more FA books etc..
Anyway, i still do some TA stocks trading based on forumers recommendation here to help me select some counters rather than me searching for them 1 by 1. now i have a trusted RayPhua to help me filtered good TA stocks. Lolz
Also i have noticed that TA doesnt really work as well in this current environment. Trend Trading should be a better way to trade in this period, which u are currently using. Kudos to you.
Cheers and lets earn $ in this Golden Period.
Cashiertan...
It gives me heartache also to know that you bought the stock based on forummers' post here.
I have deep respect for you from the day I started to post in this forum. And I think you have better ideas than many forummers.
I really hope you will not buy just because many forummers give good reviews on it. Sometimes, being contrarian based on your own knowledge is better.
Hope you will continue to be a good trader like you have been... but in the long-term the stock will surely rise.
All the best... :)
Saturday June 2, 7:29 AM
NEW YORK (Reuters) - Next week's menu of U.S. economic statistics is not expected to pose any great challenges for U.S. stocks, suggesting that momentum can carry market indexes to still more record highs.
The week starts with a report on April U.S. factory orders on Monday. The consensus estimate is for an increase of 0.7 percent, which would be well off the March pace of 3.1 percent. The March increase was the biggest in a year and sharply exceeded expectations.
Tuesday brings a report from the Institute for Supply Management on May activity in the service sector of the economy. The median forecast calls for the services index to decline to 55.3 in May from 56.0 in April.
Other reports scheduled during the week include a private report on layoffs, a measure of productivity, consumer credit and international trade.
The big retail chains are set to release May sales figures on Thursday.
"Absent any exogenous shocks, it seems like the market is still going to march higher," said Brandon Thomas, chief investment officer at Envestnet Asset Management in Chicago. "There isn't anything (in the coming week's data) that would heavily impact the market in my opinion."
Thomas believes the U.S. economy is reasonably healthy, inflation is benign and corporate profitability is good, a combination that suggests the Fed will continue to leave interest rates where they are.
Stocks rally looks like it's got legs
By Cal MankowskiNEW YORK (Reuters) - Next week's menu of U.S. economic statistics is not expected to pose any great challenges for U.S. stocks, suggesting that momentum can carry market indexes to still more record highs.
The week starts with a report on April U.S. factory orders on Monday. The consensus estimate is for an increase of 0.7 percent, which would be well off the March pace of 3.1 percent. The March increase was the biggest in a year and sharply exceeded expectations.
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Other reports scheduled during the week include a private report on layoffs, a measure of productivity, consumer credit and international trade.
The big retail chains are set to release May sales figures on Thursday.
"Absent any exogenous shocks, it seems like the market is still going to march higher," said Brandon Thomas, chief investment officer at Envestnet Asset Management in Chicago. "There isn't anything (in the coming week's data) that would heavily impact the market in my opinion."
Thomas believes the U.S. economy is reasonably healthy, inflation is benign and corporate profitability is good, a combination that suggests the Fed will continue to leave interest rates where they are.
18c... it has beeen a long journey around this price. Of coz the big float is one of the issues
Cashiertan, what's your entry price? It's still in a squeeze.
Cenersave. this counter currently give me heartache. it is the only 1 of the 2 FA counters i am holding based on forumers reviews.
and holding very long le.
well said Livermore, I agree with you. I am only investing in penny stocks such as Jasper, China Enersave, Japan Land...etc
Wise words Livermore! :)
Pure and delicious wisdom from Livermore ! ... :)
A very key US data just released - 154 000 jobs have been added as job growth acelerates. This will give a boost to markets going forward
Some people seem to like blue chips and look at penny stocks with total disdain. Well before a stock became a blue chip, wasn't it a penny stock before? Give every company a chance. Don't tell me you wish to let a penny stock grow all the way to become a blue chip and then buy it. You don't make much money buying a blue chip unless you have lots of cash.
We often hear people say,"Oh the stock price has gone up a lot. It is too high to buy." Guess what? The stock price just continues to go up. Instead people seem to like stock prices which have fallen a lot. They find it is a "bargain". But sometimes when you buy "bargains", you don't really make much money as the stock has no potential to go higher. You find yourself "stuck". One should be looking at stocks which have the potential to go higher than always looking at "bargains".
Magnecomp, Creative, Meiban, Fu Yu are some examples of "bargains" which have remained stagnant for a long time.
Look at how oil related warrants fly. More money can made from the warrants then the mother share. If you play a warrants with 3-4 months time frame one after another, you could do quite well....
Russell, of course, is well known as the granddaddy of the investment newsletter world, having published his Dow Theory Letters since 1958, nearly 50 years ago - longer than any other investment newsletter editor publishing today. It's also well known that Russell has been bearish on the stock market's major trend since late 1999, treating the market's impressive strength over the last four-plus years as a counter-trend rally within the context of a primary bear market.
But a week ago, Russell changed his tune, becoming bullish in anticipation of an "unprecedented world boom (that lies ahead." His primary reasons were technical.
But none of you seemed able to accept that a huge bull market was imminent. Even the bulls among you were more inclined to believe that the current bull market is getting rather long in the tooth.
This inability to envision an unprecedented global boom got me to wondering if one could tell a plausible story that explained what it was that Russell's technical analysis was envisioning. It would have to be major, of course. Something that might qualify would be an early end to the war on terror, including a peaceful resolution of the Iraq war and of tensions with Iran and North Korea. Yet, though anything is possible, I know of no investment adviser, even in his wildest dreams, who is forecasting that this is about to happen.
So ever since Russell's conversion, I have been on the lookout for plausible stories of this magnitude. I think I found one that at least comes close.
To be sure, just because a story is plausible doesn't mean that it will play out as envisioned. But until I came across this one, I didn't think a story could be told that was even remotely plausible.
I owe the story to Dennis Slothower, editor of a newsletter called On The Money. In his hotline Friday night, he pointed out that the China Banking Regulatory Commission, in an attempt to cool its overheated stock market, had ruled that Chinese banks "can now invest as much as 50 percent of funds in overseas stock markets."
Slothower calculates that this means that "up to $2.3 trillion in China monies ... can now move out of China."
To put a sum like that in perspective, consider that the total value of all publicly traded stocks in this country is around $15.1 trillion, according to Wilshire Associates. If even a modest fraction of the $2.3 trillion makes its way into U.S. stocks, we could see a "further parabolic advance in equities," as Slothower puts it.
I hasten to repeat that there is no guarantee that the future will play out this way, just because a plausible story can be told. Slothower, for his money, remains only cautiously bullish, with 30% to 40% of his model stock portfolios in cash.
I nevertheless find it noteworthy that a story can be told about the stock market that provides plausible grounds for believing that maybe, just maybe, the best in the stock market is yet to come.http://www.marketwatch.com/news/story/huge-influx-chinese-capital-could/story.aspx?guid=%7BC58901E3%2D19F0%2D4A32%2D86D3%2D7FC9E0CAE034%7D
Charles Dow developed Dow Theory in the late 1800s in his publication, The Wall Street Journal. He wanted to find a way to predict the big trends in the stock market.
Dow developed two market indexes, the Dow Industrials and the Dow Rails (now Dow Transports). He figured if both industrial stocks (representing production) and transport stocks (representing distribution) were moving up, then the two indexes were in "agreement," meaning the stock market and economy were in good shape.
Dow called this agreement between the two averages a "confirmation."
Dow also considered the market to be ready for a sell-off when one of the indexes rose to a new high while the second index lagged behind. As Dow's work became the basis for modern technical analysis, many of his students used his theory to make fortunes in the stock market.
Impact of stamp tax increase on China markets (Yuanta Research Center)
Investment strategy: Impact of stamp tax increase on China markets Cooling measure likely to have near-term effect China's Ministry of Finance announced that from May 30, 2007 onwards, securities transaction stamp tax will be raised from 0.11% to 0.33%.
n Historical Precedent: From 1997 to 2005, the Ministry of Finance
has adjusted stamp tax five times. Those adjustments resulted in
short-to-medium term effects, which lasted anywhere from a month to five
months. However, the adjustments had almost no effect on longer-term
trends; after one to five months of correction, the market continued on
its long-term trend.
n Stamp tax adjustments results have led to +-10 to 70%
fluctuations: 1990 to 1992 was defined as a period of establishing legal
regulations and implementing uniform rules throughout China, and we have
therefore chosen to observe stamp tax adjustments since 1992. Adjustments
from 1992 onwards did achieve the desired goal of stimulating or cooling
the market in the short-term, resulting in 10% to 70% fluctuations.
n China's transaction costs exceed those in Taiwan and Hong Kong:
Comparing transaction costs in Taiwan, HK, China and the US, other than
Taiwan (which has a transaction fee of 0.1425%), these markets have their
rates set by securities brokers or rates acceptable to clients. Overall
transaction cost in Taiwan is 0.4425%, while in HK it is about 0.4~0.6%.
When China's stamp tax was 0.1%, overall transaction cost was 0.4~1.1%,
but after raising the stamp tax to 0.3%, the overall transaction cost
climbs to 0.6~1.3%. If transaction fee is fixed at 0.3%, and stamp tax is
raised from 0.1% to 0.3%, the total transaction cost would be much
higher. In fact, after the adjustment, China stock market's total
transaction cost is higher than in Taiwan and Hong Kong.
Investment strategy: Impact of stamp tax increase on China markets Cooling measure likely to have near-term effect China's Ministry of Finance announced that from May 30, 2007 onwards, securities transaction stamp tax will be raised from 0.11% to 0.33%.
n Historical Precedent: From 1997 to 2005, the Ministry of Finance
has adjusted stamp tax five times. Those adjustments resulted in
short-to-medium term effects, which lasted anywhere from a month to five
months. However, the adjustments had almost no effect on longer-term
trends; after one to five months of correction, the market continued on
its long-term trend.
n Stamp tax adjustments results have led to +-10 to 70%
fluctuations: 1990 to 1992 was defined as a period of establishing legal
regulations and implementing uniform rules throughout China, and we have
therefore chosen to observe stamp tax adjustments since 1992. Adjustments
from 1992 onwards did achieve the desired goal of stimulating or cooling
the market in the short-term, resulting in 10% to 70% fluctuations.
n China's transaction costs exceed those in Taiwan and Hong Kong:
Comparing transaction costs in Taiwan, HK, China and the US, other than
Taiwan (which has a transaction fee of 0.1425%), these markets have their
rates set by securities brokers or rates acceptable to clients. Overall
transaction cost in Taiwan is 0.4425%, while in HK it is about 0.4~0.6%.
When China's stamp tax was 0.1%, overall transaction cost was 0.4~1.1%,
but after raising the stamp tax to 0.3%, the overall transaction cost
climbs to 0.6~1.3%. If transaction fee is fixed at 0.3%, and stamp tax is
raised from 0.1% to 0.3%, the total transaction cost would be much
higher. In fact, after the adjustment, China stock market's total
transaction cost is higher than in Taiwan and Hong Kong.
Wah didnt know China Dua Lao Sai!
Still Bearish abt STI, DOW and China, Divergences is still there. not fully corrected yet.
Play with care.. Actually Optismism of the general market is a good time for BBs to clear stocks
Yep.. right on !!! ...
gan bei (cheers)...:)
1st day of June 2007. STI it now trading to a new high...
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| teeth53 | Posted: 31-May-2007 |
Just a gentle reminder, STI is post for rebound to see another 200 pts or a new high.. |