Latest Posts By richtan
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About richtan
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| 08-May-2009 12:06 |
China Hongxing
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Good News for China Hongxin
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CHHX is running up now, broke above 19.5 resistance, good luck to those who had bought & are patient. | ||||||||
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| 08-May-2009 11:57 |
Sakari
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Straits Asia
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I trade thru both DBSV & UOBKH & do have trading limits. Maybe he is filfty rich millionaire with properties pledged to the broking house, thus no trading limits. Anyway, we are bound to come across all sorts of forumers here, like eg gunho heroes, howlian, etc, etc... These howlians are attention-seekers, deprived & craving for attention, so I just ignore them, dun bother to waste my breath to reply them. If they really make so much, I wish them well but sincerely hope they are willing to share unless it is their trade secrets
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| 08-May-2009 01:05 |
China Hongxing
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Good News for China Hongxin
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Markets is basically ruled by "greed & fear", at times have no logic, wat is overbought can be even more overbought. I will only sell unless I see a reversal sign.
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| 08-May-2009 01:01 |
China Hongxing
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Good News for China Hongxin
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I m a patient trader, I dun believe have to trade in & out everyday to make money. I can wait for the S-chips dust to settle, of course, keeping my fingers cross tat CHHX is not one of those rotten apples. I m prepared to dump it if it is proven to be a rotten apple but let profits run. I always remember the trading maxim: "Cut-losses short & let profits run".
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| 08-May-2009 00:52 |
China Hongxing
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Good News for China Hongxin
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My stop-loss & trailing stops are manually keep track based on end-of-day candles decision for next day, when it confirms break-down & hit my stops, I will exit the following day. I dun do it intraday as at times it is a fakeout, hit your stop-loss only to later on in the day to bounce up, kena play-out.
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| 08-May-2009 00:26 |
Sakari
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Straits Asia
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Never mind, we need more of these type of gungho heroes to help push up, let them learn thru the school of hard knocks, maybe they are too filthy rich, can afford to keep shorting until the trend reverses, but GOD bless them, hopefully they dun run out of bullets b4 the trend turns down in their favour, or else, game-over for them loh
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| 07-May-2009 23:49 |
Others
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DOW
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Never mind, gungho heroe, let him learn thru the school of hard knocks, maybe he is too filthy rich, can afford to keep shorting until the trend reverses, but hopefully he dun run out of bullets b4 the trend turns down in his favour, or else, game-over for him.
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| 07-May-2009 23:41 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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CW, Many thanks for your tipsy, sorry, not pouring cold water on u all, but loking at the chart, I think I will give it a miss as it is grossly overbought, of course, wat is overbought can be even more overbought but I m very conservative & kiasi type, as the risk/reward to me is not favorable. I may consider buying only if there is a pullback. Anyway, wish u all the best & huat-ah to u all.
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| 07-May-2009 23:06 |
Others
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AWAKENING OF BEAR
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Alemak, the bear is on honeymoon holiday lah, busy making babies, no time to come & ka-chiau lah...
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| 07-May-2009 14:30 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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No, no, no, CW, u need not have to leave this forum just bcos if it did not materialise. Your good intentions is really deeply appreciated, do continue to post though at times we do agree to disagree & voice our individual opinion
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| 07-May-2009 01:11 |
China Hongxing
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Good News for China Hongxin
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CHHX finally had broke the 16 ct resistance & now charging up on extremely high volume. Markets will soon start to realise tat not all S-chips are rotten apples & once all this corporate governance issue are resolved & enforced, soon the play will be back to those good quality S-chips. So why wait to join the rushhing crowd buying at a higher price when now is the best opportunity to bargain buy. Remember the trading maxim: Buy low & sell high, not buy high & sell low. The risk/reward is definitely better when buy low.
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| 07-May-2009 00:55 |
Midas
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Midas
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I'm not saying Midas is no good, I know they have a 1 billion $ China stimulus infrastructure contract & will sooner run up but it may consolidate or correct or who knows, markets are at times crazy, I may be wrong, it may not even correct now but charge up & consolidate or correct later on. One consolation is tat the RSI is still around 50, not overbought yet, so has a lot of upside potential. It may seems not running up today while many counters are running up as it maybe consolidating its recent gains, noticed it closes unchanged today. TA wise, it may start charging up once it breaks the resistance around 53 cts. I will start buying in on a breakout of 53 cta, while in the meantime putting my funds into other moving counters. In a nutshell, it is rotational play.
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| 06-May-2009 12:07 |
Midas
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Midas
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STI & most stocks including Midas had run up to much, no point chasing after them, correction akan datang once short covering finished. Remember initially there was "irrational fear", now there is "irrational exuberance", soon sanity will return. Dun be caught off-guard & struck by the recuperating bear. |
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| 06-May-2009 01:10 |
Others
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AWAKENING OF BEAR
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1st we have bird flu, then "Bull Flu", followed by swine flu & now we have "Bear Flu"
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| 05-May-2009 12:05 |
China Hongxing
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Good News for China Hongxin
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IMO, CHHX is definitely a good buy (dyodd), it has been on an uptrend since 12 March & is now above its 15sma, 21sma, 34sma, 55sma & had formed higher highs & higher lows for 4 days (inclusive of today). Once it breaks its resistance at 16 ct, it will start shooting up. | ||||||||
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| 05-May-2009 11:38 |
GLD USD
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Gold going up this year?
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Yes, I had read this writeup before, note his disclaimer: This implies that we may (no guarantees here) see lower prices in the precious metals in the following days. Of course the market might prove me wrong, as nobody can be right 100% of the time
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| 05-May-2009 10:26 |
Midas
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Midas
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There you are, finally, gpmg bullets spray easily break down the relatively weak resistance fort 49.
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| 05-May-2009 10:14 |
SPC
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SPC
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Wow!!! The boatman has gone bonkers, become speeding gonzalis, too fast for my comfort, enjoyed the ride, now contented & abandoned boat. Will consider boarding again later on at a lower fares when he has regained his senses & slowed down |
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| 05-May-2009 02:39 |
Others
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I want to be the number one in this forum
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Gold does not necessarily always move in opposite direction to equities as shown only quite recently whereby it moves in tandem with equities in the same direction. In any case, whatever it is, even if gold does corrects, it presents another good buy opportunity, as ultimately, it will breech 1000, it is just a matter of time, be patient & accumulate whenever it corrects.
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| 05-May-2009 01:27 |
GLD USD
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Gold going up this year?
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From: http://www.preciousmetalstockreview.com/downloads/May%202,%202009%20pdf.pdf 
Gold fell only 3.27% on the month which on the surface is respectable. On this log scale monthly chart all trend-lines are solid and strong. There aren’t too many other markets or stocks you can say the same about. The two lines on top denote the neckline of the massive head and shoulders pattern. Certain technicians could use either line as the neck so they are both there for your viewing pleasure. Basically the $1,000 line is the where gold will either blast o The lighting bolts that hit gold this week still have the hair on the back of my neck upright. I don’t often publish charts showing intraday movements but this week was among the most blatant weeks that gold was obviously taken
risen in the east and fallen in the west. Many times at the exact moment the NY markets open. This week the Tuesday and Thursday trading was pretty sick to keep it publishable. Why would the price be taken down the day before and after the FOMC meeting at the exact same time to the exact same degree? I know the answer and so does yet. The other thing I would like you to look at in the chart is the end of the NY trade where no other world markets are yet open. You have to have a pretty big line and either be an institution or have very good connections to trade this thin market. So many times over the course of this bull market the price has traded well all day only to be moved around, usually lower, in the Globex market where volume is low. So many including one of my uno aggravated by this type of action. To me its inevitable that gold and silver will continue their bull markets and I am actually grateful for more time to buy at low prices. But so many do take it personally and get upset even some of my subscribers and correspondents want action now. I can’t move the market and
or it is being forced upon it matters not. Too many want riches now
and today. Patience is a virtue and makes life easier and less stressful. Gold
and silver will go much, much higher and shake out the many weak hands who
jump in as it roars and complain and sell losing money when it contracts. We
are years from the blow o
right and sit tight.
That’s been my motto for years now and I am sticking to it. Gold has
risen on average over 16% a year for the last eight years. Last weekend I had
the pleasure of hitting the road on two wheels with a few friends to a friends
cabin on the lake. After the day exploring the area, over steak and a few beers I
had to ask if anyone knew of an investment that has appreciated at 16% a year
over the last eight. Of coarse the dentist among us knew as we talk about such
things but nobody else knew. The others kind of looked cockeyed at me when I
said physical gold in your hand. The pulp mill worker didn’t care much to talk
about anything but bikes, the retired cop is broke but the dentist knew and
knows where to put his money, the CSI investigator gave me a look only a true
investigator could. I am sure he’s on the case and will have to see that for
himself.
The point is not many people yet are investing in the metals market, but
they will. God knows they wish they had already, but that is besides the point.
The real moves are yet to come, and no matter what happens day to day I care
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