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shortist 'song bo'..i also song..
cyjjerry85 ( Date: 10-Jun-2008 10:38) Posted:
hmmm...even if wanna short also need volume to be safer...it is rather quiet and stagnant on many counters in terms of volume...wont wanna be caught off guard
ozone2002 ( Date: 10-Jun-2008 10:35) Posted:
| yeah today more interesting... short short short.... |
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short ah...shiok ah..
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HSI down big time..see la go dragon boat festival..
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yeah today more interesting... short short short....
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think the Swiss throw their opening match @ EURO2008 so that can recoup some $$ for UBS..keke
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think the BBs are taking holiday in timbaktu..MARKETS NOT EVEN MOVING!!!!!!! trending sideways since morning...so boring..
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Stock Selloff Offers Good Chance to Seek Bargains
Topics:Stock MarketBy Jeff Cox, Special to CNBC.com | 06 Jun 2008 | 03:57 PM ET Font size: Friday's wild selloff in stocks, which many analysts saw as an overreaction, could set up a perfect opportunity for investors to go bargain hunting.
The frantic $11-a-barrel run-up in oil prices and a 22-year high in unemployment sparked yet another round of panic-selling, a trend market pros say will continue until people stop getting rattled by every bit of bad news that comes along.
"It's the classic knee-jerk overreaction," Diane de Vries Ashley, managing partner of Zenith Capital Partners, said of Friday's market implosion. "I admire the concept of a thoughtful and logical market, I just don't think it exists."
The unemployment report set the stage for the sell-off.
Nevermind that the total number of job cuts in May was less than Wall Street had anticipated. Traders instead focused on the sharp rise in the unemployment rate, from 5.1 percent to 5.5 percent. They took that as a sign that the economy was weakening, even though economists said the rise was attributable mostly to more unemployed people trying to get back in the jobs market and college and high school students looking for summer work.
Then there was oil.
Crude prices surged past $138, a phenomenon largely seen as speculator-influenced even though the supply-demand equation undeniably is a significant factor in the overall energy picture.
Still, it all added up to a wild close to a manic week in which the market scored its biggest single-day gain in two months on Thursday, then followed with Friday's unrelenting drop, in which the major indexes each were down about 3 percent.
Some, though, weren't panicking.
"History dictates that the seeds of the next bull market are being planted right now. It's very often that first leg up will come amid a gloomy data scenario," says Quincy Krosby, chief investment strategist at The Hartford.
"Confidence will be the catalyst for that," she continued, "regarding profits, regarding financials, the consumer, not if but when energy prices come down. The market has to grapple with many moving parts. We think you're going to see investors come back increasingly into the equity market."
Among the most beaten-down industries: Airlines, financials, retail, and virtually anything having to do with luxury or vacations, such as Carvnival Carnival CorpCCL
37.23 -2.12 -5.39% NYSE
Quote | Chart | News | Profile
[CCL 37.23 -2.12 (-5.39%) ] and Royal Caribbean Royal Caribbean Cruises LtdRCL
27.4 -1.34 -4.66% NYSE
Quote | Chart | News | Profile
[RCL 27.4 -1.34 (-4.66%) ] cruise lines.
From Jim Cramer and 'Mad Money':
How to Survive a 400-Point Down Day
"This market's been hanging in there, but if oil keeps going higher there's going to be a massive, massive downside move," says David Rovelli, head of US equity trading at Canaccord Adams.
But Krosby predicts a stock market turnaround will happen by the end of the year, after the uncertainty of the presidential election passes and some other bad news gets washed out and more volume hits stocks.
"The market has quite a bit of uncertainty right now, but there's enough stimulus in the system to help the economy," she says. "Growth overseas is still solid albeit slowing, and we think that it's a stock market for active invetsors. When certainty comes into the market it means the market has already run up. The job of investors is to find the pockets of strength in an uncertain enviroment."
RELATED LINKS
Surging Crude Means Picking Shrewd
Stock Picks for Wild Market
Investors Expect to Lose Value
Feels Like a Recession
Two-Year Credit Crisis?
Yet it seems investors too often look to sell in uncertainty, when in fact it can be the perfect time to make profits, a phenomenon that had analysts shaking their heads Friday.
"There is speculation, there is volatility. Truth be known, you have the opportunity to take wonderful advantage of these events," de Vries Ashley says. "The worst kind of trading environment is one in which there's nothing going on. If that's your basic premise, this almost feels like heaven."
And that even goes with an economy that is in at least a psychological recession.
"Looking forward for stocks and risky assets in general ... the environment is improving simply because the Fed has lowered interest rates and as long as you have a long enough time horizon, these assets perform well," Tom Higgins, of Payden & Rygel, said on CNBC. "I think that we're going to see this volatility continue."
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dow will have technical rebound tonight..
overall trend still down..
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price not moving...BBs must b stayin at the sidelines..
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looks like accumulation goin on..
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of cors the minister has to say that..if not STI drop >100 points already..
cyjjerry85 ( Date: 09-Jun-2008 09:25) Posted:
amid the panic selling....there's also panic buying by many...the STI going up from the opening...
saw today's newspapers tt our Finance minister quoted saying Singapore won't go into a recession |
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GSS lei long lei long..SGX <$8
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this bugger so resilient..tot it wud get affected also..but only down 7 c
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down 80points only so disappointing.. my put warrants could have earned much more..
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come monday..pandemonium...
MARGIN CALLS, CONTRA players shut out, those who want to cut loss for whatever reason..
time to profit in both sides of the markets!!
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WOOOOOOHOOOOO!!!... monday i'll be a rich man!..
ozone2002 ( Date: 06-Jun-2008 10:57) Posted:
if they don't act logically..then we gotta capitalize on the flaw till the markets start to realise..
cyjjerry85 ( Date: 06-Jun-2008 09:20) Posted:
market just don't act logically nowadays anymore...actually personally quite surprised to see oil surge so much and yet DOW went up 200 over points... the morning should see quite some ppl offloading just to lock in profits...the cautious mood and fear still lingers |
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prob drop further... as vol too small to sustain rise..
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accumulation in progress..
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if they don't act logically..then we gotta capitalize on the flaw till the markets start to realise..
cyjjerry85 ( Date: 06-Jun-2008 09:20) Posted:
market just don't act logically nowadays anymore...actually personally quite surprised to see oil surge so much and yet DOW went up 200 over points... the morning should see quite some ppl offloading just to lock in profits...the cautious mood and fear still lingers
ozone2002 ( Date: 06-Jun-2008 08:58) Posted:
Wall street is just not making any sense... jobs figures on the rise?.. was the increase due to more bankers becoming roadside sweepers?
Wall street surging when oil surge >$5 in a day?
points to ponder.. |
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Wall street is just not making any sense... jobs figures on the rise?.. was the increase due to more bankers becoming roadside sweepers?
Wall street surging when oil surge >$5 in a day?
points to ponder..
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