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27-Mar-2009 13:26

Straits Times Index / STI to cross 3000 boosted by long-term investors

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i agree totally..we can't beat the pros at their game..gotta be nimble in this "rally"

divearse ( Date: 27-Mar-2009 12:25) Posted:

With fundamentals in the south, GDP so low in US and SG there is no justification to buy, rally is going out of steam in the next day or two. There are 2 dips already, the third one will even be lower than the last dip when we see the Q1 results. Bottom is not here yet, April is only round the corner, Q1 results will be out to get the small investors who are still holding on to their stocks.

If someone gain others will loose, the pros will exit quicker than the amature, so BEWARE of the bulls (sh?t) about quick gain in the Bear rally, if you are not equipped and have the time to track sell and stay away until the fundamentals show signs of improvement. Invest in what you know and not what other recommends or seems popular....my 2 cents...

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27-Mar-2009 11:30

Straits Times Index / STI to cross 3000 boosted by long-term investors

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I share the same sentiment..the rally has no substance..SELL ON RALLY!!DYODD..

SG:Technicals- 4 consecutive up gaps in 3 weeks on the FSSTI

The FSSTI has formed 4 consecutive up gaps over a space of 3 weeks. There is no historical precedence for this since 2007. Today, the index has gapped up and it appears to be an exhaustion gap. The gap at 1761-1765 is in the process of being covered. The next gap is at 1664, which preceded a sharp rally. We would label this as a runaway gap. Prices typically move to cover runaway and exhaustion gaps. In fact, since the beginning of the year, all gaps on the FSSTI have been covered. We see no reason as to why it will be any different, this time. We also note that RSI at current levels is higher than that during the previous peak at 1960. Another reason to be cautious stems from the fact that the FSSTI has retraced 62%(a key fibonacci retracement ratio, )of the decline from 1960- 1454. The volatility on the rebound is significantly higher than during the decline. suggesting that the rebound is not sustainable. We peg first support at 1664, the first gap level, and the next at 1616, a 50% retracement level.

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27-Mar-2009 10:19

Straits Times Index / STI to cross 3000 boosted by long-term investors

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tyre punchek? or still riding the highway?

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24-Mar-2009 16:08

Straits Times Index / STI to cross 3000 boosted by long-term investors

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vol is better than normal today..definitely the BBs are in..

to push price to let go of holdings or start of a bull? my guess is as good as urs.. but i prefer to think its the former...

better to buy SGX ..cos Q1 profit up cos of higher than avg vol today..keke

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24-Mar-2009 14:34

Straits Times Index / STI to cross 3000 boosted by long-term investors

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my view is to stay away from US..it may rally more in the short term..but once the party is over..giants will fall

DYODD..

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24-Mar-2009 14:10

Keppel Land / Kepland

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u seen a dead cat bounce?..

it can only stay up in the air for a while then drop back down in a perpetual state of motionless

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24-Mar-2009 13:30

Straits Times Index / STI to cross 3000 boosted by long-term investors

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My sentiments exactly..but not only just bank stocks..

Bank of America's Bernstein Says Sell Bank Stocks After Rally
2009-03-23 19:20:51.810 GMT

By Eric Martin
March 23 (Bloomberg) -- Investors should sell bank stocks
after they rallied 12 percent today because the Treasury
Department's plan to buy toxic assets won't stop profits from
dropping, Bank of America Corp.'s Richard Bernstein said.
Removing devalued loans and securities from banks' balance
sheets is a short-term solution that will delay the problem's
ultimate solution, which is bank takeovers, Bernstein said. The
government won't be able to inflate the prices banks receive for
selling bad assets indefinitely, he added.
"The history of bubbles shows quite well that financial
sector consolidation is inevitable," Bernstein, Bank of
America's chief investment strategist, wrote in a research note.
"Financial stocks will be attractive when the government tries
to speed up that inevitable process. However, to the contrary,
the government continues to attempt to stymie that inevitable
consolidation."
The Standard & Poor's 500 Financials Index has climbed 51
percent since March 6 after Citigroup Inc., Bank of America
Corp. and JPMorgan Chase & Co. said they've become profitable.
The measure surged 12 percent as of 3:10 p.m. today in New York.
Bernstein compared the U.S. plan to Japan's response in the
1990s, when the government, faced with public opposition to its
bailouts of banks, waited before trying to fix its financial
system. That resulted in the "Lost Decade," in which economic
growth averaged less than 1 percent a year and the unemployment
rate more than doubled.
The Obama administration unveiled its plan to remove toxic
assets from the books of the nation's banks earlier, betting
that it can revive the U.S. financial system without resorting
to outright nationalization.
The plan is aimed at financing as much as $1 trillion in
purchases of illiquid real-estate assets, using $75 billion to
$100 billion of the Treasury's remaining bank-rescue funds. The
Public-Private Investment Program will also rely on Federal
Reserve financing and Federal Deposit Insurance Corp. debt
guarantees, the Treasury said in a statement in Washington.

ozone2002 ( Date: 24-Mar-2009 08:58) Posted:

US govt pump in money to buy toxic asset..so that u can dispose ur toxic asset..

awesome solution..

i also wanna sell some of my "toxic" stocks from the meltdown during the monster rally..keke

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24-Mar-2009 09:28

Keppel Land / Kepland

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don't worry..the current rally will lose steam and prices will fall below again...

cos simply the $1.5 trillion plan is not solving the problem..just prolonging it!..

federal dumba$$es..

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24-Mar-2009 09:25

Straits Times Index / STI to cross 3000 boosted by long-term investors

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u retiring to bahamas? :)

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24-Mar-2009 09:14

Keppel Land / Kepland

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Kepland is like Citigrp..

go below $1..then shoot up like crazy.. oh yeah!

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24-Mar-2009 08:58

Straits Times Index / STI to cross 3000 boosted by long-term investors

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US govt pump in money to buy toxic asset..so that u can dispose ur toxic asset..

awesome solution..

i also wanna sell some of my "toxic" stocks from the meltdown during the monster rally..keke

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23-Mar-2009 15:37

Straits Times Index / STI to cross 3000 boosted by long-term investors

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VOL 1.3 BIL!!..looks like the BBs are scrambling to buy..pushin the prices higher

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23-Mar-2009 14:21

Straits Times Index / STI to cross 3000 boosted by long-term investors

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i didn't know printing money could solve the financial crisis...

how cool is that?

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22-Mar-2009 22:39

GLD USD / Gold going up this year?

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alamak.. y u tell everyone the insider secret..

now i cannot get gold cheap liao..everyone jump on the bandwagon..keke

cheongwee ( Date: 22-Mar-2009 19:21) Posted:

Sometimes in the near future , this thread is gonna be hot..many will post and post abt silver and gold..

That will be the time bubble is brewing hot and abt to burst...when you see this happenning....ppl toking gold and silver...it is time again for us to return to stock....DYODD...(do your own due diligent)

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20-Mar-2009 17:08

Stamford Land / Stamford Land rebound from 18.5 cents

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commodity rally will spill over to Aussie economy..

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20-Mar-2009 14:38

Straits Times Index / STI to cross 3000 boosted by long-term investors

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This is interesting

U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt as of 20 Mar 2009 at 03:50:14 AM GMT is:

The estimated population of the United States is 305,847,046
so each citizen's share of this debt is $36,092.93.
The National Debt has continued to increase an average of $3.77 billion per day since September 28, 2007!

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20-Mar-2009 14:13

Straits Times Index / STI to cross 3000 boosted by long-term investors

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i did write something on commodities way back in Feb.. coming to fruition now.. it feels good to be spot on..:)

ozone2002 ( Date: 02-Feb-2009 08:54) Posted:

I was reading a commodities book by Jim Rogers over the weekend,

and in his book he made an inference that commodities will rise when the stock markets tank..

i think it makes sense cos with more companies closing shop (supplies decrease tremendously) and demand also decreases but not to a large extent as supplies, and with money supply flooding the market.. there will be too much money chasing for too little goods..simple economics..

thus stock up on commodities/stocks/countries related to commodities e.g Aus/Nz/Brazil..

Oil..

Gold..

palm oil..

sugar..

wheat..

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20-Mar-2009 13:48

Straits Times Index / STI to cross 3000 boosted by long-term investors

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$1.2 Trillion baby..being pumped!..

so much money chasing too few goods! supder duper hyper o-u-ken inflation coming ur way..

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20-Mar-2009 09:03

GLD USD / Gold going up this year?

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Gold made a MONSTER move last night!.. BTW anyone tried to buy physical gold from the site that AK introduced? I want to hoard all the gold b4 anyone does..keke

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19-Mar-2009 10:43

GLD USD / Gold going up this year?

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if the stock market has a huge rally, gold may come down to 800 levels..

but if the rally in the stock market is a false one..or a dead pussy bounce..then..

get ready for the Gold ride of ur life!..

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