ShareJunction - Member Posts

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Just ignore it n not get affected emotionally. It is just noises.

Remember, the 3 golden mantra, 2 of which is

1. "Plan your trade n trade your plan"

2. The trend is your friend.

Other than these 3 golden mantras, all the rest are just noises.

edskh78 ( Date: 04-Sep-2009 09:30) Posted:

Our "Friend" the 1 lotter is back again...........

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U.S. Stocks Gain as Retail Sales Beat Forecasts, China Rallies

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By Lynn Thomasson

Sept. 3 (Bloomberg) -- U.S. stocks rose, snapping a four- day losing streak for the Standard & Poor’s 500 Index, as chain stores from Costco Wholesale Corp. to Gap Inc. reported sales that topped projections and Chinese equities rallied the most in six months.

Costco posted the steepest gain in the S&P 500, rallying as much as 9 percent, after the largest U.S. warehouse club boosted overseas revenue. Gap added 7.2 percent on August sales that fell half as much as analysts’ estimated. Bank of America Corp. and Alcoa Inc. led the Dow Jones Industrial Average higher following a 4.8 percent advance in the Shanghai Composite Index.

“If China continues to grow, then it’ll become the engine for the world,” said Jonathan Vyorst, senior vice president at New York-based Paradigm Capital Management Inc., which oversees about $1.7 billion. “We may have just had a little hiccup in a stronger bull market.”

The S&P 500 climbed 0.4 percent to 998.64 at 12:13 p.m. in New York after tumbling 3.3 percent over the previous three days. The Dow average added 30.46 points, or 0.3 percent, to 9,311.13. The MSCI World Index of 23 developed countries rose 0.3 percent.

The S&P 500 snapped its longest losing streak since May even as jobless claims topped forecasts and a report on service industries failed to bolster speculation that the economic recovery will be strong enough to justify a six-month rally in equities. The government is scheduled to release its monthly jobs report tomorrow and may say the unemployment rate climbed to 9.5 percent in August, the highest level since 1983.

Costco Jumps

Costco Wholesale Corp. rose 8.4 percent to $54.92. Costco’s sales declined 2 percent, less than the 5.6 percent estimated. Gap added 7.2 percent to $21.10. The operator of Old Navy and Banana Republic clothing stores said sales at stores open at least a year fell 3 percent in August from a year earlier, less than the 6.7 percent estimated.

American Eagle Outfitters Inc. jumped 8 percent to $14.66. The retailer of clothing for 15-to 25-year-olds said August sales at stores open at least a year fell 7 percent from a year earlier, less than the 8.9 percent estimated by Retail Metrics.

Bank of America added 3.6 percent, while Alcoa climbed 3.7 percent after boosting its forecast for global aluminum demand because of stimulus spending in China.

S&P 500 financial shares climbed 1.8 percent collectively for the best gain among 10 groups.

Ciena, Del Monte

Ciena Corp. added 5.6 percent to $12.96. The maker of fiber-optic network gear that provides faster data-download speeds reported a third-quarter loss of 5 cents a share. Analysts estimated a 14-cent loss, according to the average forecast in a Bloomberg survey.

Del Monte Foods Co. rose 8.5 percent to $11.24. The maker of canned fruit and Meow Mix cat food reported fiscal first- quarter profit excluding some items of 30 cents a share, more than seven times the 4-cent average estimate of seven analysts in a Bloomberg survey.

Chinese stocks jumped after Liu Xinhua, vice chairman of the China Securities Regulatory Commission, said authorities will promote a “stable and healthy” market, tempering concern the government wants to curb equity speculation. Ministers from the Group of 20 nations are likely to suggest the global economy is healing when they meet in London this weekend, while the European Central Bank kept interest rates at a record low today.

‘Massive’

“The contribution of China to the global growth recovery story is massive,” said Michael Ganske, head of emerging markets strategy at Commerzbank AG in London. “That’s part of why everybody is so obsessed.”

The Shanghai stock index has climbed for the past three days after slumping 22 percent last month as banks reined in lending to avert asset bubbles and policy makers advised industries from steel to cement to curb overcapacity. The measure had rallied 103 percent from a November low on prospects a 4 trillion yuan ($586 billion) stimulus package and record lending would revive growth in the world’s third-largest economy.

China’s stock market has foreshadowed moves in global equities the past two years. It peaked on Oct. 16, 2007, two weeks before the MSCI All-Country World Index. The Shanghai index fell 72 percent from its 2007 high and bottomed on Nov. 4, 2008, four months before the MSCI index.

To contact the reporter on this story: Lynn Thomasson in New York at lthomasson@bloomberg.net. Last Updated: September 3, 2009 12:14 EDT

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ozone2002 Elite	Posted: 03-Sep-2009 16:11 Contact ozone2002 * Quote this Post!
x 0 x 0 * Alert Admin	nobody can predict the future.. just ride whatever trend there is ..

victorf ( Date: 03-Sep-2009 19:29) Posted:

still the same call....i made my call in april/may 2009 and another call in august/sept as i always look forward (not in hightisght) for strategy to trade/invest in share...remember the MARKET IS ALWAYS RIGHT!....let the MARKET be the JUDGE...not you or me...cheers :)

Repeat in more precise language:

Market will not touch 3000 in near term....though some stocks will still rally due to its low valuation. STI will consolidate all the way down by breaking below support 2420 by next May 2010 all the way to 1800 (best buy for the next bull cycle in year 2013/2014)

25-Aug-2009 11:01

Straits Times Index / STI to cross 3000 boosted by long-term investors 4Go to Message

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market has choosen choice 2 (imply it will not touch 3000 in near term)...stick to my latest call now....though some stocks will still rally due to its low valuation

Call: STI will consolidate all the way down by breaking below support 2420 by next May 2010 all the way to 1800 (best buy for the next bull cycle in year 2013/2014)

In the last call (STI should move towards the 2500-2600 2500-2600 region by August (one should take profit for shares bought between last October 2008-March 2009), i have executed the plan (except 1 to 2 long term counters) and made good profit...good luck

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Just as u r saying "that is why they smart they are not selling like the Europe.. :, likewise, gold can up go above 1000.

Anyway, let the mkt talk by itself, as we are mere mortals with no divine powers, many things r not within our human perception. There is always 2 sides to a coin.

Also anyway, up also good (enjoy the profit or buy-up) , down also good (can buy more)

cheongwee ( Date: 03-Sep-2009 23:57) Posted:

US CB still holding 8000 tons of gold in Fort Knox...that is why they smart they are not selling like the Europe..

how can BB stand up to Fort Knox...it just sell 100 ton today ..gold go back to 700..

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Broke above the resistance line of a bullish contracting triangle:

richtan ( Date: 03-Sep-2009 23:43) Posted:

Ren Shuan Bu Ru Tian Shuan.

cheongwee ( Date: 03-Sep-2009 23:29) Posted:

the US int rate have near zero for far too long, those smart alex have been borrowing to punt in the global stock market run up since Mar this year...

U can imagime as the economy turn, the dollar strenghten, these guy will rush for the exit and buy up the $. causing it to surf sky high...these will cause gold to collapse...have not read abt the carry trade...it have been going on for some time...like the yen carry trade..

and not forgetting currency expert is at this point calling the $ way under value...u say...they print money, so it shd be weak, but those currencies which in which it is traded is far even worse....just ask whose economy fall the hardest...not the dow,,,the rest of the world....so the $ look better compare to the rest..thus the safe haven status..

and even if the economy take a hit, the dollar stregnthen , reason...safe have status again...did you notice , whenever makrt got hit..the dollar strengthen for awhile...where was gold??

dont mistaken , i am vested, but i thk the day for ppl to manipulate is up...but till now they still can influence the gold market...becuase CB still hold lot of gold...

if gold soar on the basic of weak dollar , it shd have do so long ago,,,why now???

i am watching ,it is interesting, whatever happen, so long it not below 400..i am safe..but i do hope it present me a chance to buy more before it soar again.....and remain there...

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Ren Shuan Bu Ru Tian Shuan.

cheongwee ( Date: 03-Sep-2009 23:29) Posted:

the US int rate have near zero for far too long, those smart alex have been borrowing to punt in the global stock market run up since Mar this year...

U can imagime as the economy turn, the dollar strenghten, these guy will rush for the exit and buy up the $. causing it to surf sky high...these will cause gold to collapse...have not read abt the carry trade...it have been going on for some time...like the yen carry trade..

and not forgetting currency expert is at this point calling the $ way under value...u say...they print money, so it shd be weak, but those currencies which in which it is traded is far even worse....just ask whose economy fall the hardest...not the dow,,,the rest of the world....so the $ look better compare to the rest..thus the safe haven status..

and even if the economy take a hit, the dollar stregnthen , reason...safe have status again...did you notice , whenever makrt got hit..the dollar strengthen for awhile...where was gold??

dont mistaken , i am vested, but i thk the day for ppl to manipulate is up...but till now they still can influence the gold market...becuase CB still hold lot of gold...

if gold soar on the basic of weak dollar , it shd have do so long ago,,,why now???

i am watching ,it is interesting, whatever happen, so long it not below 400..i am safe..but i do hope it present me a chance to buy more before it soar again.....and remain there...

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It does look like a handle, not only tat, the left side is a bullish flag continuation pattern.

But nothing in live is guaranteed, likewise, TA is not infallible, so dyodd n BOSAYOR.

cheongwee ( Date: 03-Sep-2009 18:48) Posted:

but on second look the handle is not convincing , right!!

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From:

http://www.thegoldandoilguy.com/articles/how-to-swing-day-trade-and-swing-trade-gld-spot-gold/

Why is gold not in a reverse H & S pattern? Because a reverse H & S pattern is just that, it means the price will reverse from the previous trend. A reverse H & S happens after a downtrend, which forms a bottom and the trend is not moving higher.

Gold has been moving higher, which you can see in 2007 and this large pattern is more like a Cup & Handle pattern – extremely bullish.

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Yup, this is just the beginning, the mother of greater victories.

risktaker ( Date: 03-Sep-2009 16:47) Posted:

This is the just the beginning.

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Yup, this is just the beginning, the mother of greater victories.

dcang84 ( Date: 03-Sep-2009 15:09) Posted:

Celebrating small victory?

richtan ( Date: 03-Sep-2009 14:39) Posted:

Patience has its virtues.

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Vol had aredi exceeded yesterday's vol n Trade Summary shows extremely heavy buying-up:

5GJ (AusGroup)

WEIGHTED AVG PRICE : 0.7679 LAST DONE PRICE : 0.760

SPREAD/PRICE RATIO : 0.0066 AVG TRADE SIZE : 54.757

< />

Last Trades Vol BuyVol Mid SellVol

0.755 96 2,366 1,111 0 1,255

0.756 1 5 0 5 0

0.760 13 1,665 20 0 1,645

0.765 69 4,415 2,435 0 1,980

0.769 1 40 0 40 0

0.770 178 10,200 1,429 0 8,771

0.775 47 3,546 1,400 0 2,146

0.780 15 761 0 0 761

TOTAL 420 22,998 6,395 45 16,558

richtan ( Date: 03-Sep-2009 10:59) Posted:

My advice is not to be too eager-beaver to take short profits and remember the 3rd golden mantra:

3) 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.

The above is just my opinion, so do not follow me blindly, dyodd n BOSAYOR

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From OCBC Investment Research:

Midas's firm order book of 1.4 billion yuan (S$296 million), more anticipated contract wins in Sept - Nov 2009... will serve to under-gird valuations"

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Patience has its virtues.

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I dun trust all these "anal"-ist FV, careful of "pump and dump".

When "uncles n aunties" start to rush in, wat does tat tells u?

AnthonyTan ( Date: 03-Sep-2009 14:24) Posted:

When it's time to run,uncles and aunties will fall down flat. Caveat emptor.

Malaysia Genting has been in bussiness for donkey years and is now trading at M$6.73.

How the analysts arrive at S$3.using the comparable figures with Macau.

Is it reliable? Let wait and see ????????????????????????

Trade with care.

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Trade Summary now shows more buy-up:

5EN (MIDAS)

WEIGHTED AVG PRICE : 0.8302	LAST DONE PRICE : 0.835
SPREAD/PRICE RATIO : 0.0000	AVG TRADE SIZE : 28.649

< />

Last	Trades	Vol	BuyVol	Mid	SellVol
0.820	8	119	119	0	0
0.825	86	1,372	626	0	746
0.830	100	3,272	1,611	0	1,661
0.835	23	1,508	317	0	1,191
0.840	8	175	0	0	175
TOTAL	225	6,446	2,673	0	3,773

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In just 2 n half hrs trade, vol had aredi exceeded more than half of yesterday's vol with Trade Summary showing extremely heavy buying-up (more than 5 times the sell-down):

5GJ (AusGroup)

WEIGHTED AVG PRICE : 0.7680 LAST DONE PRICE : 0.775

SPREAD/PRICE RATIO : 0.0000 AVG TRADE SIZE : 59.983

< />

Last Trades Vol BuyVol Mid SellVol

0.755 96 2,366 1,111 0 1,255

0.756 1 5 0 5 0

0.760 11 1,645 0 0 1,645

0.765 7 1,462 237 0 1,225

0.770 140 8,733 444 0 8,289

0.775 30 3,023 964 0 2,059

0.780 15 761 0 0 761

TOTAL 300 17,995 2,756 5 15,234

richtan ( Date: 03-Sep-2009 10:59) Posted:

My advice is not to be too eager-beaver to take short profits and remember the 3rd golden mantra:

3) 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.

The above is just my opinion, so do not follow me blindly, dyodd n BOSAYOR

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richtan Elite	Posted: 01-Sep-2009 01:55 Contact richtan * Quote this Post!
x 1 x 0 * Alert Admin	Below is my long-term chart analysis for sharing and exchange pointers. My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA. If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by rating it as "bad post", accumulating for yourself and your next generation, "bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

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My advice is not to be too eager-beaver to take short profits and remember the 3rd golden mantra:

3) 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.

The above is just my opinion, so do not follow me blindly, dyodd n BOSAYOR

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Trade Summary shows extremely heavy buying-up now:

5GJ (AusGroup)

WEIGHTED AVG PRICE : 0.7631	LAST DONE PRICE : 0.770
SPREAD/PRICE RATIO : 0.0065	AVG TRADE SIZE : 59.465

< />

Last

Trades

Vol

BuyVol

Mid

SellVol

0.755

96

2,366

1,111

0

1,255

0.756

1

5

0

5

0

0.760

11

1,645

0

1,645

0.765

5

1,427

202

0

1,225

0.770

31

3,120

0

3,120

TOTAL

144

8,563

1,313

5

7,245

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richtan Elite	MIDAS / Midas / Posted: 02-Sep-2009 10:07 4Go to Message
x 1 x 0	Below is my chart analysis for sharing and exchange pointers. My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA. If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by rating it as "bad post", accumulating for yourself and your next generation, "bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.