ShareJunction - Member Posts

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Hi iPunter,

Many thanks for your compliments, u make me feel appreciated n my head swell but really, I m not blowing my trumpet, it is good to print it out, I even laminate it myself n paste on my walls behind my trading screen to remind myself.

iPunter ( Date: 02-Sep-2009 09:53) Posted:

Hope many newbies have already followed my advice and printed out RichTan's post below.

For others, please don't procastinate... do it now!

Frame it up with a documant holder and place it next to your computer...

Because if you don't do this you'll definitely forget everything there.

Then it will be a waste of RichTan's good effort...

One must always recognise good value when one encounters it... Smiley

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'Time n Sales" shows heavy buy-ups of 1146 lots at 0.755:

DAY HIGH : 0.760	NET CHANGE : 0.000	TOTAL VALUE : 7,098,295
DAY LOW : 0.735	LAST DONE : 0.760	VOLUME : 9,475

< />

Time	Last	Vol	Buy/Sell
10:38:34	0.760	80	S
10:38:33	0.760	10	S
10:38:28	0.760	3	S
10:37:35	0.760	10	S
10:37:30	0.760	50	S
10:37:27	0.760	20	S
10:37:06	0.760	5	S
10:36:54	0.760	14	S
10:36:49	0.760	10	S
10:33:36	0.755	1,146	S
10:32:43	0.750	10	B
10:31:33	0.755	15	S
10:31:27	0.755	10	S
10:26:58	0.750	11	S
10:26:56	0.750	40	S
10:26:19	0.750	10	S
10:26:18	0.750	50	S
10:25:50	0.750	5	S
10:25:42	0.750	1	S
10:25:36	0.750	54	B

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As per my chart analysis, once it breaks above 0.91, it will head towards 1.14, so ask yourself, is it better to buy now at a lower price instead of waiting till it break 0.91 to chase after it and end up buying at a higher price (remember Dr. Chan's newsletter reminder).

But dyodd n BOSAYOR and set your stop-loss.

risktaker ( Date: 02-Sep-2009 10:18) Posted:

so many reasons to buy this midas

1) I think some people will be extremely unhappy if midas touches $0.80 and will intervene it.
2) Contract announcement & Q3 results will be very impressive.
3) This baby is in line with China stimulus. You cannot go wrong investing in a Baby that is making money & Fundementally strong.
4) Within 3 Months Should be around $1.16 - $1.20 Range

Your Safest Bet :) HUAT ah

It has to cross $0.895 to reach $1.00 Mark

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Trade Summary (at this point in time) shows more buy-ups:

5GJ (AusGroup)

WEIGHTED AVG PRICE : 0.7479	LAST DONE PRICE : 0.750
SPREAD/PRICE RATIO : 0.0067	AVG TRADE SIZE : 39.379

< />

Last	Trades	Vol	BuyVol	Mid	SellVol
0.735	6	174	174	0	0
0.740	15	604	107	0	497
0.743	1	76	0	76	0
0.745	36	1,383	1,032	0	351
0.750	131	5,195	1,646	0	3,549
0.755	1	50	0	0	50
TOTAL	190	7,482	2,959	76	4,447

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Read newsletter below to remind ourselves about "Patience plays a very important part in stock investment":

September 09 newsletter - Dr YC Chan

曾渊沧@股友通讯录
MICA (P) 133/09/2008
九月份

Dear Friends

You may mark the August stock market being volatile, or boring.

Volatile because there were many days in August the ups and downs
of the market index from one day to another could add up to 2% difference.

The first day the market could go up by 2%, only to see it came down by 2% the next day
and went up by 2% again on the third day.

Punters’ sentiments kept changing amidst joy and anxiety.

They lost money everyday because they misjudged the market trend.

The worst tactics is to chase stocks when market is rising and cut loss when
it is coming down.

The market was boring because notwithstanding its volatility,
the market position remained the same as if nothing had happened.

Patience plays a very important part in stock investment.

Once you are sure it is a bull market, you should have the patience to hold
good quality stocks and ignore the daily price fluctuations.

Sideline yourself and become an observer; sell your stocks only when you think
the market fundamentals have altered.

This is the way to make big money.

Immersing in the daily market fluctuations, you may make several mistakes and
lose confidence and more mistakes followed.

There are many people who lose money in a bull market.

These are short term players who make wrong moves more often than the right moves.

What are the good quality stocks?

How to select them?

As the world keeps on changing; there is no such thing as a permanent good quality

The moment the stock market becomes bubbles, the value of good quality stocks disappears.

To be value conscious is the best way to select good quality stocks.

When the prices of some shares have gone up many folds over a short span of one
their value would naturally be discounted.

At present mid term bull market, under valued shares have become fewer and fewer.

The mid term bull market still has growth potential.

Unless there are adverse factors affecting the particular industry and corporate stocks
you are holding, you should not sell your holdings hastily.

Stock markets always behave ahead of economic data.

Therefore people who make big money are those who dare to venture into the markets facing collapse, as most of the shares would then be undervalued, some shares may price only 10% of their real worth.

Beside China, the global economy is not recovering, although signs of its recovery are there, probably before the end of this year.

Before economy recovery is officially acclaimed, share prices are mostly in “buy” category.

When recovery has been officially acclaimed, share prices may have skewed to the high side.

To enter the market for short term punting by then would be analogy to playing the last round of music chair: that if you do not know how to unload, you would not have a chair to sit on it.

starlene ( Date: 02-Sep-2009 10:11) Posted:

Sell better or switch rather than this underperform stock

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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.

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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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Midas at this point in time is bouncing up from the 50ema and Trade Summary shows more buy-ups:

5EN (MIDAS)

WEIGHTED AVG PRICE : 0.8200	LAST DONE PRICE : 0.830
SPREAD/PRICE RATIO : 0.0060	AVG TRADE SIZE : 27.525

< />

Last	Trades	Vol	BuyVol	Mid	SellVol
0.810	10	247	247	0	0
0.813	1	25	0	25	0
0.815	20	488	132	0	356
0.820	62	1,723	860	0	863
0.825	27	755	126	0	629
0.830	2	120	0	0	120
TOTAL	122	3,358	1,365	25	1,968

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Hi iPunter,

Many thanks for your compiments.

Frankly, I took much brain-wrecking effort to draft out this post and create the 3 threads, distilling out the essence and key points from my years of trading experience, tat I hope newbies will take note.

iPunter ( Date: 02-Sep-2009 09:33) Posted:

A very good post... I recommend all newbies to print this out and study all those points by heart... Smiley

richtan ( Date: 02-Sep-2009 09:22) Posted:

hi buylist,

Take a look at Raffls Ed, it is on a downtrend, remember the trend is your friend, but dyodd n BOSAYOR.

If u r newbie to trading, below is my advice, whether to listen or not is up to u:

To succeed in trading, my sincere n genuine advice to newbies:

"Learn to master TA n u are the master of your own trades."

"Learn how to fish n u can fend for yourself forever, relying on others n forever u r dependent on others n at their mercy"

"There is no easy way n short-cut to success in life, including trading, all are own hardwork, u need to learn the tools of the trade"

U can download the free charting software from www.chartnexus.com (no need to get the paid version, all these can be self-learn,
dun waste your money, instead self-learn the skills n use tat money to trade).

I self-learnt, see how analysts do it and practice by covering up the candles and test my knowledge and hone my skills
till I m quite confident b4 start trading bcos the mkt is merciless, I rather save the money to trade and multiply it.

Those TA courses, wat they teach, all are from books, nothing new.

For those paid software,even after the software scan, still need our analysis, cannot assume it is 100% correct, as
nothing can replace the human brain and knowledge as analysis is an art of how individual interpret, no matter how much
they input all the scientific knowledge into the software

If u are not sure, post your charts n hopefully some forumers good in TA will exchange pointers with u.

To know how to post, search the forum for "tinypic.com"

I had created 3 threads dedicated to newbies under "General", "Trading Techniques":

1. "Learning TA" - websites where u can learn TA for free but of course, TA is not infallible, thus need to set stop-loss)

2. "Some recommended good Trading and TA books" - of course u can also buy TA books.

3. "Advices to newbies" particular the 3 golden mantras.

Take your time to read and learn, dun rush, remember "Rome was not built in one day"

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I wish u all the best then.

I m not just a TA guy, I too look at the FA (must be good FA) but time my entry based on TA.

buylist ( Date: 02-Sep-2009 09:33) Posted:

Hi Rich

Thanks for yr advise.

We are of 2 different camps. U are just a chartist. I am looking at value. Up and downtrend is important and it is sometime part of my strategy. I know what I am looking for.

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Jmo, China Fish chart shows bearish divergence between the 2 highs n the MACD, but dyodd n BOSAYOR, decision yours.

buylist ( Date: 01-Sep-2009 09:00) Posted:

Today I am looking at buy for Raffles Education, GoodPack, Pacific Andes, and Chna Fish

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hi buylist,

Take a look at Raffls Ed, it is on a downtrend, remember the trend is your friend, but dyodd n BOSAYOR.

If u r newbie to trading, below is my advice, whether to listen or not is up to u:

To succeed in trading, my sincere n genuine advice to newbies:

"Learn to master TA n u are the master of your own trades."

"Learn how to fish n u can fend for yourself forever, relying on others n forever u r dependent on others n at their mercy"

"There is no easy way n short-cut to success in life, including trading, all are own hardwork, u need to learn the tools of the trade"

U can download the free charting software from www.chartnexus.com (no need to get the paid version, all these can be self-learn,
dun waste your money, instead self-learn the skills n use tat money to trade).

I self-learnt, see how analysts do it and practice by covering up the candles and test my knowledge and hone my skills
till I m quite confident b4 start trading bcos the mkt is merciless, I rather save the money to trade and multiply it.

Those TA courses, wat they teach, all are from books, nothing new.

For those paid software,even after the software scan, still need our analysis, cannot assume it is 100% correct, as
nothing can replace the human brain and knowledge as analysis is an art of how individual interpret, no matter how much
they input all the scientific knowledge into the software

If u are not sure, post your charts n hopefully some forumers good in TA will exchange pointers with u.

To know how to post, search the forum for "tinypic.com"

I had created 3 threads dedicated to newbies under "General", "Trading Techniques":

1. "Learning TA" - websites where u can learn TA for free but of course, TA is not infallible, thus need to set stop-loss)

2. "Some recommended good Trading and TA books" - of course u can also buy TA books.

3. "Advices to newbies" particular the 3 golden mantras.

Take your time to read and learn, dun rush, remember "Rome was not built in one day"

buylist ( Date: 01-Sep-2009 09:00) Posted:

Today I am looking at buy for Raffles Education, GoodPack, Pacific Andes, and Chna Fish

x 1

x 0

September 09 newsletter - Dr YC Chan

曾渊沧@股友通讯录
MICA (P) 133/09/2008
九月份

Dear Friends

You may mark the August stock market being volatile, or boring.

Volatile because there were many days in August the ups and downs
of the market index from one day to another could add up to 2% difference.

The first day the market could go up by 2%, only to see it came down by 2% the next day and went up by 2% again on the third day.

Punters’ sentiments kept changing amidst joy and anxiety.

They lost money everyday because they misjudged the market trend.

The worst tactics is to chase stocks when market is rising and cut loss when
it is coming down.

The market was boring because notwithstanding its volatility,
the market position remained the same as if nothing had happened.

Patience plays a very important part in stock investment.

Once you are sure it is a bull market, you should have the patience to hold
good quality stocks and ignore the daily price fluctuations.

Sideline yourself and become an observer; sell your stocks only when you think
the market fundamentals have altered.

This is the way to make big money.

Immersing in the daily market fluctuations, you may make several mistakes and
lose confidence and more mistakes followed.

There are many people who lose money in a bull market.

These are short term players who make wrong moves more often than the right moves.

What are the good quality stocks?

How to select them?

As the world keeps on changing; there is no such thing as a permanent good quality

The moment the stock market becomes bubbles, the value of good quality stocks disappears.

To be value conscious is the best way to select good quality stocks.

When the prices of some shares have gone up many folds over a short span of one
their value would naturally be discounted.

At present mid term bull market, under valued shares have become fewer and fewer.

The mid term bull market still has growth potential.

Unless there are adverse factors affecting the particular industry and corporate stocks
you are holding, you should not sell your holdings hastily.

Stock markets always behave ahead of economic data.

Therefore people who make big money are those who dare to venture into the markets facing collapse, as most of the shares would then be undervalued, some shares may price only 10% of their real worth.

Beside China, the global economy is not recovering, although signs of its recovery are there, probably before the end of this year.

Before economy recovery is officially acclaimed, share prices are mostly in “buy” category.

When recovery has been officially acclaimed, share prices may have skewed to the high side.

To enter the market for short term punting by then would be analogy to playing the last round of music chair: that if you do not know how to unload, you would not have a chair to sit on it.

cheongwee ( Date: 02-Sep-2009 00:38) Posted:

Can anyone here give me a strong and very good reason to sell???BBBBoy selling their financial stock which they chase up so high???..or the data are all calling a sell??..

i can only see reason to buy, and tomolo is a hell of a good time to buy...but normally ppl are scare to buy in a down market...normal human psychology..

it is always feel shiok to buy a rally,..but it is buying in a down market that make you $$$..isn't it???

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Mdm Cheong Wee, I will "rock n roll" with u, will stop "rock n roll" with u only when the music really stop (when the DOW close below the 200ema for 2 continuous days, to avoid fakes)

cheongwee ( Date: 02-Sep-2009 00:24) Posted:

integrity lose...because of stubborn,,sell early...we all win...we lose the part of the profit...

come Thursday, i dont want to dance, i will rock and roll...joking..i am too old to do that.

hope you are not angry, but pls dont miss the boat again.....market are giving you a chance to board..

pls join in...

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Incidentally, the inverse H&S neckline is also at the confluence of the 90ma and 200ema at about 9000.

DnApeh ( Date: 02-Sep-2009 00:07) Posted:

Dow broke out of reversed head & shoulders, so the next thing i watch out for is a test of the neck-line.

If neck-line holds, put all the money into stocks! No lah, just kidding, buy within your means, but you will not get a better buying opportunity than a successful test.

richtan ( Date: 02-Sep-2009 00:02) Posted:

Look at my DOW chart posting below, DOW is imo just doing a correction, worst case scenerio is pullback to the 200ema at about 9000, which still does not invalidate the uptrend, unless it close below the 200ema and the 200ema starts to turn down.

Correction to 9000 is not unreasonable as the run-up is really too much, without a real meaningful corrrection.

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Nah.... nah...nah... I too still on the dance floor, see my posting on DOW chart and my commentaries, to me it is just a correction presenting good buy opportunities, but of course with stop-loss (basic rule of TA trading) as TA is not infallible.

Making losses is part n parcel of trading, thus why I always remember by heart n abide by the 3 mantras I learnt from TA books:

(1) Remember, the trend is your friend, never, never go against the trend (200ema), we need to know the short-term, mid-term n long term trend n trade accordingly

(2) 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

(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.

Integrity ( Date: 02-Sep-2009 00:15) Posted:

The music stop and everyone has stop dancing except for this optimistic cheongwee still in the dance floor...

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Look at my DOW chart posting below, DOW is imo just doing a correction, worst case scenerio is pullback to the 200ema at about 9000, which still does not invalidate the uptrend, unless it close below the 200ema and the 200ema starts to turn down.

Correction to 9000 is not unreasonable as the run-up is really too much, without a real meaningful corrrection.

cheongwee ( Date: 01-Sep-2009 23:57) Posted:

i still said that market rally is still on...come Wed you will be quiet..you got no integrity...all i know is that you sold early and jeolous of other....am i right? be honest...

Integrity ( Date: 01-Sep-2009 23:54) Posted:

Haha... there u go again. You must be feeling fustrated after loading today.

Yes! I hope you will buy more equities tomorrow but pls stop your nonsense here that the market is very bullish from September till October and pls refrain from misleading the newbies here.

You may have a lot of your casino money to lose but that is your business...

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This is imo, definitely not a bear mkt rally as it is above the 200ema and the 200ema is turning up, if 9134 fails, the enxt support is at the 200ema at around 9000:

camalotnite ( Date: 01-Sep-2009 23:50) Posted:

Broken liao..next support 9134 which look a bit more stronger.

richtan ( Date: 01-Sep-2009 23:20) Posted:

DOW probably testing the previous resistance at 9400 as support, if tat fails, next at around 9180:

x 0

U.S. Stocks Drop as Slump in Financials Offsets Economy Data

Share | Email | Print | A A A

By Lynn Thomasson

Sept. 1 (Bloomberg) -- U.S. stocks fell, led by financial shares, as concern the recent rally in equities outpaced the outlook for earnings overshadowed data on manufacturing and pending home sales that topped economists’ estimates.

American International Group Inc. and MetLife Inc. declined after analysts said the insurers’ shares have risen too far, too fast. Marshall & Ilsley Corp. and SunTrust Banks Inc. led declines in 20 of 24 companies in the KBW Bank Index.

“The future for the banks is not as muddy as it was too quarters ago, but it’s still not clear,” said Don Wordell, the Orlando, Florida-based manager of the RidgeWorth Mid-Cap Value Equity Fund that has outperformed 94 percent of rivals in the past five years. “The market can’t sustain these huge moves.”

The Standard & Poor’s 500 Index lost 0.7 percent to 1,013.58 at 11:11 a.m. in New York. The Dow Jones Industrial Average decreased 73.98 points, or 0.8 percent, to 9,422.33.

U.S. stocks have fallen for three straight days on growing concern the rebound in equities may have gotten ahead of the prospects for a recovery from the first global recession since World War II.

A 52 percent jump in the S&P 500 from an 11-year low in March left the equity benchmark valued at about 19 times the profits of its companies as of the end of last week, the most expensive level since June 2004. The 50 percent rally in Europe’s Dow Jones Stoxx 600 Index over the same period drove the average price-earnings valuation for its companies to the highest level since 2003.

Bearish Bets

Paul Tudor Jones’s Tudor Investment Corp., Clarium Capital Management LLC and Horseman Capital Management Ltd. are among funds betting that Goldman Sachs Group Inc. and Morgan Stanley got it wrong in declaring the start of an economic recovery. The firms oversee a combined $15 billion in so-called macro funds, which seek to profit from economic trends by trading stocks, bonds, currencies and commodities.

The S&P 500 added 3.4 percent in August for a sixth straight monthly advance, the longest stretch of gains since January 2007, as reports from consumer confidence to home sales signaled an economic recovery. September is historically the worst month for U.S. stocks, with the benchmark index losing 1.3 percent on average since 1928, according to data compiled by Bloomberg.

Valuations for U.S. stocks look “marginally stretched” compared with other developed markets, Credit Suisse said in a research report. Strategist Andrew Garthwaite predicted American equities will underperform when the Institute for Supply Management’s manufacturing index is above 50 and rising.

To contact the reporter on this story: Lynn Thomasson in New York at lthomasson@bloomberg.net.

Last Updated: September 1, 2009 11:12 EDT

michgemini ( Date: 01-Sep-2009 23:26) Posted:

Could it be coz of the news that new manufacturing job is unlikely despite a rise in the manufacturing index and demand? Saw the article posted 20 min ago on cnn....hmm.. hope will be green by the end of the day.

x 0

U.S. Stocks Drop as Slump in Financials Offsets Economy Data

Share | Email | Print | A A A

By Lynn Thomasson

Sept. 1 (Bloomberg) -- U.S. stocks fell, led by financial shares, as concern the recent rally in equities outpaced the outlook for earnings overshadowed data on manufacturing and pending home sales that topped economists’ estimates.

American International Group Inc. and MetLife Inc. declined after analysts said the insurers’ shares have risen too far, too fast. Marshall & Ilsley Corp. and SunTrust Banks Inc. led declines in 20 of 24 companies in the KBW Bank Index.

“The future for the banks is not as muddy as it was too quarters ago, but it’s still not clear,” said Don Wordell, the Orlando, Florida-based manager of the RidgeWorth Mid-Cap Value Equity Fund that has outperformed 94 percent of rivals in the past five years. “The market can’t sustain these huge moves.”

The Standard & Poor’s 500 Index lost 0.7 percent to 1,013.58 at 11:11 a.m. in New York. The Dow Jones Industrial Average decreased 73.98 points, or 0.8 percent, to 9,422.33.

U.S. stocks have fallen for three straight days on growing concern the rebound in equities may have gotten ahead of the prospects for a recovery from the first global recession since World War II.

A 52 percent jump in the S&P 500 from an 11-year low in March left the equity benchmark valued at about 19 times the profits of its companies as of the end of last week, the most expensive level since June 2004. The 50 percent rally in Europe’s Dow Jones Stoxx 600 Index over the same period drove the average price-earnings valuation for its companies to the highest level since 2003.

Bearish Bets

Paul Tudor Jones’s Tudor Investment Corp., Clarium Capital Management LLC and Horseman Capital Management Ltd. are among funds betting that Goldman Sachs Group Inc. and Morgan Stanley got it wrong in declaring the start of an economic recovery. The firms oversee a combined $15 billion in so-called macro funds, which seek to profit from economic trends by trading stocks, bonds, currencies and commodities.

The S&P 500 added 3.4 percent in August for a sixth straight monthly advance, the longest stretch of gains since January 2007, as reports from consumer confidence to home sales signaled an economic recovery. September is historically the worst month for U.S. stocks, with the benchmark index losing 1.3 percent on average since 1928, according to data compiled by Bloomberg.

Valuations for U.S. stocks look “marginally stretched” compared with other developed markets, Credit Suisse said in a research report. Strategist Andrew Garthwaite predicted American equities will underperform when the Institute for Supply Management’s manufacturing index is above 50 and rising.

To contact the reporter on this story: Lynn Thomasson in New York at lthomasson@bloomberg.net.

Last Updated: September 1, 2009 11:12 EDT

cheongwee ( Date: 01-Sep-2009 23:31) Posted:

i thk if market got brain and eye..it is AIG and the gang that causes the dow to sink not economic data..

they are up too fast and too much..time to correct..

hope our market know and not follow lau sai...

what the heck...shd be 100 pts positive..not neg..