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Congratulation to those who still hold shares!

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Ok ok ok...if someone says a number closer to heart, I will understand what he is talking or he knows what he is talking..  but if the number cannot be comprehend fully, i think this person must be good in astrology (like Zhu Ge Liang).. hehe.

 

but if you have trailing stop..just play along ...shd be fine..but if you really...i means really inplement it when time come...shd be alright..but got to be fast..miss some profit is better then got trap..and lose a bomb..

just the wk before last...i sold when saw dow future 168 down in the afternoon, to take advantage to buy back cheap, i was wrong i lose a few k profit, but what if i am rigth? can u imagine..even more profit..

but anyway, i down size and reshuffle to buy more on mermaid...and it turnout slightly better than before..

now i am lighter and more focus...

look like coming wk will be ok...but no matter what employment must be ok...initial job claim a leading indicater is not ok...even this is doctor...questionable...they try to omit this and that...like inflation...minus food and energy...you tell me they are accurate...

and even after making up still cannot imporve...can u imagine the real result....dont need to say...very horrible...

 

I thk basically, the American like to report their worse at last quater of the year, so that is the reason...most crises happen ard Oct period...

thus this is deem to be a dangerous period which ppl like o sideline...esp a time like now...

if you look fr 30000 ft...the trend is up,,but short  term we may see a new low...i dont thk it is so simple as data...show we improve slightly on heavy dose of stimulus, which measn worse is far fr over..]

but i could be wrong, which is unlikely for my opinion..

but if we stay, the damage will be more than the benefit...as crash will be steep...then the bull..

we took 6 month to reach today...but we can take 2 to a new low....u see that in 2007..2008..

u going to see 2009...hopefully not???..but i thk likely..

take care got nothing to lose...having trailing stop and cut on first instance of big bad news...dont wait..protect your capital to fight another day..

otherwise next leg up...you got no resource to fall back on to take advantage of the cheap stock..to buy cheaply...because all your fund is trap in the crash...

smartrader      ( Date: 23-Aug-2009 12:21) Posted: Cheongwee, my point is : Is Dent so good that he can predict 3800 ? Is TA such a good tool that it can predict STI at 5000 ? So, the best thing to do is to keep abreast of the financial markets and act and adjust accordingly .....  And why am i making this point - cos' I read some forumers advising to sell-out due to the imminent downside predicted after Sep 09; is this the right thinking ? I do not know..cheers !

 

Cheongwee, my point is : Is Dent so good that he can predict 3800 ? Is TA such a good tool that it can predict STI at 5000 ? So, the best thing to do is to keep abreast of the financial markets and act and adjust accordingly ..... 

And why am i making this point - cos' I read some forumers advising to sell-out due to the imminent downside predicted after Sep 09; is this the right thinking ? I do not know..cheers !

 

why not? after the storm come the sun...ask yourself it the sunny more or the rainy more...

sunny of course...sti will be 5000 in the future...we cannot deny this...

my time it was 800..1987!!!...I shd have long DBS..and end up better than WB...i didnt..

you shd buy DBS, do it the next leg down...OK..dont make mistake like i did,,

smartrader      ( Date: 23-Aug-2009 11:58) Posted: With due respect to Dent (too young to know him). his video was in May 09. And with due respect to so many TA here, can TA really predict STI reaching 5000 (quoted cheongwee) ? Keep abreast of the financial news,  act accordingly to your risk appetite and be preapred for worst scenario.

 

Absolutely...more than agree...Hero are Hero at their own period of time in history..WB is hero for stock till now....maybe going forward, there will be anothe one.....his method is like you describe...another hero of stock market...buy low low and sell high high...to optimistism...

 

 

 

iPunter      ( Date: 23-Aug-2009 11:21) Posted: If warren buffet has been averaging down during the meltdown, he would have been very depressed... If  he has been holding on during the meltdown, he would also be depressed... But if he had dumped at the first signs of the meltdown, and then bought at the lows, he would now be ecstactic to the point of o... hehehe...

 

With due respect to Dent (too young to know him). his video was in May 09. And with due respect to so many TA here, can TA really predict STI reaching 5000 (quoted cheongwee) ? Keep abreast of the financial news,  act accordingly to your risk appetite and be preapred for worst scenario. 

 

I am no holy man to want popularity here, tok smooth to make ppl happy...

it is the easiet way to make friend and make yourself popular..by sweet toking...

that is why honsety is not always the best policy...

But do like richtan said is true....AT LEAST, YOU MUST HAVE TRAILING STOP FOR ALL TRADE..i am more then agree on this point,,...but ensure you carry this out...still the samre thing...say easir than carry it out....

protect yourself with trailing stop..cut loser fast...you are going to carry this out soon!!!!

lare summer...anytime after late summer will be a bonus for us...

 

 

 

Yes, Yes...buy ..buy..the economy is ok.guy...nothing to worry...only worry we miss the train....buy with hand over fist with both leg throw in..today headline..."economy is on the mend"...

what a difference a day make...last wk...ppl was sad. and this forum was all lamenting abt sti was tthis and that.."red head" and so on...

but today, i hear ppl say send for jumbo jet to buy up...such optimistism kills...be careful...dont rub off this one HS Dent, just because of one instance bull phase....you live to regret..

but it do good for my Mermaid...and li Heng and tiong woon and more..

good for my last round...if we are on a 10 course dinner...this is the no .9....i will leave the 10...normally it is a dessert...for the last guy....i hate dessert... ...too sweet to beleve...

Yes, i agree WB is great at this point of time...but going forward..if the crises got worse..he is going to look stupid...in fact if you bought ten yrs ago.right nw.you are even...but if crises got worse...you lose money...so buy and hold...no longer hold...

There was a stock genious( i believe of WB equivalent) in 1930...i really read this...i will do some homework and try to copy and paste here for you to read...hope i can find it...i am not making up story..Invester look up to him for market direction immediate after the crash....he told them everything going to be alright..

it go something like this..."Gentleman, be assure everything will be alright in a few month times..."the same guy who said this committed suicideby shooting himself in the head, months later...he lost alot of his client money....

Over confident KILLS!!!

i know TA point to sti 5000 and dow 20000...but that is future..now you will see a new low...nw economic improvement is due to stimulus ...even our very own Singapore is 20B ,,,sign by President...is this not true..

if you search futher,you know US,German and France..all improve this little after hugh stimulus..and what happen when all these stimulus effect gone later...we are worse then before...more debt...

now i dont want to say 70%..i strongly believe 100% after summer...

good for my last round of profit taking..before end games..

 

His company cannot operate like rouge traders - basically, Berkshire invest in the prospect of the business ;  Berkshire sold some J&J shares to raise funds to buy Morgan Stanley, due to good bargain, recently he is buying J&J again.

At any one time, you can check and track the share ownerships of US companies the investment holding company. Good or bad times, sometimes they have to ride the storm if fundamental is intact - and not operate like rouge traders.

 

 

If warren buffet has been averaging down during the meltdown, he would have been very depressed...

If  he has been holding on during the meltdown, he would also be depressed...

But if he had dumped at the first signs of the meltdown, and then bought at the lows, he would now be ecstactic to the point of o... hehehe...

 

Probably, someone with influence said something like this will be thrown into mental hospital... influential people usually do it through actions, however, Warren Buffet still has a long list of US companies in his portfolio, all can check it out at his website..

 

Wow!!! u only rent lorry truck, hehehe... I more greedy, I rent ship cargo containers.

ronleech      ( Date: 22-Aug-2009 22:57) Posted: Hhahahaha...if i am someone who is influence enough, i will say STI will hit 500pts, DOW going to 1500, sse bottoming out at 888pts...all panic throw, i will rent lorry truck to collect those "junk" all ppl dumping.....well, at the end of the end and by the time all other notice, i already make a pile....

 

Hhahahaha...if i am someone who is influence enough, i will say STI will hit 500pts, DOW going to 1500, sse bottoming out at 888pts...all panic throw, i will rent lorry truck to collect those "junk" all ppl dumping.....well, at the end of the end and by the time all other notice, i already make a pile....

 

I fully agree with u, as it makes no rational sense.

Thus why, dun believe blindly as he has no super-natural divine powers.

Read wat they write but rationalise whether it make sense

smartrader      ( Date: 22-Aug-2009 16:50) Posted: 3800 will  require all the finanical institution in DOW index  to become zero values. It must be mother of all crisis, ie. end of the world.. dent or dented..haha

 

JMO,  as a TA practitioner  I m never too eager to secure my profits prematurely as I always remember my 3 golden mantras, one of which is :

(3rd golden mantra): -

"Cut losses short n let profit runs with trailing stops, we need to let profit runs as much as it can to cover all the losses
made n yet make net gains. When we hit the cut-loss, never be emotional, be mechanical, immediately exit n never regret even if
later it goes up bcos if dun cut, wat if it continues to go down, preserving ammunition to fight another day is the key. We can
always re-enter if there is another buy sign candles, even if buying at a higher price."

Tat is only a prediction, no 100% guaranteed, so be mindful but not overly overwhelmed by this fear tat u exit too early, keep salivating, seeing others making money but u exited too early, if u are a TA practitioner, my 1st golden mantras:

(2nd golden mantra): -  

"Plan your trade n trade your plan", which means we need to analyse the chart for buying opportunities (TA skills needed, though not infallible) n set out stop-loss point b4 enter a trade and exit based on my 3rd golden mantra.

Integrity      ( Date: 22-Aug-2009 16:22) Posted: Yes, congrats to those who are still holding to the stock this weekend, hope STI will shoot up this Monday. Nonetheless, do not be greedy and secure in the profits as Economist Harry Dent has predicted that this bear rally will not last, he forcasted the DOW will peak somewhere between 9800 to 10300. Thereafter, he figured that DOW will test a new bottom around 3800. Of course, i hope what he predicted is wrong as going the the Great Depreesion is certainly not something i want to experience in my whole life. You can refer to his video on Youtube. Cheers and invest wisely!

 

3800 will  require all the finanical institution in DOW index  to become zero values. It must be mother of all crisis, ie. end of the world.. dent or dented..haha

 

What "3800"....who is there to talk Cxck.......

Crazy, stupid and dump........didn't he see that the economy is recovered slowly.....

I think he did not make any pocket money, buay song.....

Economist "Harry Dent" need to change name liao....

Saying without responsibility...........xia suay......

 

Yes, congrats to those who are still holding to the stock this weekend, hope STI will shoot up this Monday. Nonetheless, do not be greedy and secure in the profits as Economist Harry Dent has predicted that this bear rally will not last, he forcasted the DOW will peak somewhere between 9800 to 10300. Thereafter, he figured that DOW will test a new bottom around 3800. Of course, i hope what he predicted is wrong as going the the Great Depreesion is certainly not something i want to experience in my whole life. You can refer to his video on Youtube. Cheers and invest wisely!