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Vaseline sales will be up....to soothe the burnt fingers....ooch!!!!
Those who shorted this morning will be laughing. Those who bought on contra the past few day, be prepared to pick it up...or else accept the contra loses.
Can't say this was unexpected........its been coming for sometime.....timely lesson for the over exuberance of the past few weeks.
Wow, Shanghai today crashed 8.8% (268 pts). Those Chinese coming back from the New Year must be shocked of their lives.
Now at 3.15pm, the STI is down 85 pts. Unless you are shortiests, I won't advice to go in. There will be better times. Patience is the rule of the game now.
is this a good time to pick some stocks up or shd we wait n see abit longer. i heard sometimes they just have minor corrections before a bigger bloodbath. anyone can advice wat are good stocks to pick up?
Haven't seen so many REDS since may06.
Wah piang eh.... this is a blood bath...
Quotes:
"Dealers today were gripped with all sorts of explanations for the precipitous selling on the borse - 'month end portfolio adjustments', 'page 9 of the Today paper, comparing Asia to the pre-Asian crisis period in 1997' and 'possibility of an escalation of tensions between Iran and the US' were some reasons. Some fund managers were simply unmoved by the 'noise' adding that 'a correction was possible' and 'money flows into the local bourse was still intact'."
Calling all SJ members, gurus, veterans, elite members, etc, STI has drop more than 58 points since this morning, is this a "healthy" correction? or beginning of a major corrections. Most factors in the markets seems to be negative. Any suggestions, what actions to take?? Any views???
Using MA21, the support should be around 3200. Since Sept 2006, the STI has not gone below MA21. Anything below that means real correction.
This is last week of February! US Q4 GDP to be out tomorrow (28th).
This is also the 1st week of March and US housing data will be out too. Trade with care ya ...
If you take Greenspan's remarks too lightly you could lose your undewear as well.
When the oracle speaks you had better beware of the ides of march.
Singaporeans are fixated on STI 3600 as though it was carved in stone.
When the oracle speaks you had better beware of the ides of march.
Singaporeans are fixated on STI 3600 as though it was carved in stone.
Lose pants but still got underwear inside safe leh. Unless underwear also lose then hehehehe....
Come on... let's leave the old man alone... STI has been climbing... it is also about time to have some correction... good opportunity to enter again...
The market is ultra sensitive to bad news .
If you trade without a stop loss and based on hope you could lose your pants
If you trade without a stop loss and based on hope you could lose your pants
Sometimes, I wonder why he doesn't leaves his job "cleanly"?
Sometimes, I wonder why he doesn't leaves his job "cleanly"?
Thanks but no thanks to Alan Greenspan with his comments 2 days ago, I think.
It's going to be a rough ride today, but ironically, the NIKKEI and Taiwan are still holding on with minimal loss. DOW futures are only up 1 pt, not too prospective I would say. This afternoon Europe's opening will further decide on the STI.
STI now 3243 liao. Down abt 64 points
Support should be around 13 MA, i.e 3250