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wondering if SUICIDE rates these day will go up ?
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cheongsl
Master |
16-Aug-2007 22:02
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China Market, I am still waiting to enter. but understand that currently the bubble to burst is still uncertain yet, as not all China citizen are inside the share yet. The recent correction have lure somemore people into the market, but understand that the bubble is very hard to burst, as A shares which only China citizen can buy, we foreigner can only look for the B shares. As my wive is a Chinese, I can also look at A shares. From what I understand only some of her friend have start to invest during the correction, still alot of them not yet in. Most of their saving was still inside the bank in order to lure more people to burst the bubble, I believe the Index may need to go up another 1000 to 1200 points, which will be around 6000. When most people are in the bubble will be more easy to burst, as no more new cash to push it higher. |
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twinkle
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16-Aug-2007 21:50
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Right, I totally agree with Singaporegals & Agathos. I learnt my lesson the hard way few years back. Wiser now after paying a high price. Invest within your means and do not be greedy. The stock market is very complex, even the best fund manager cannot predict the next market movements. DOW is down again tonight. Nobody knows how long this correction will continue. Looking at the current market, even the most fundamental stocks are not spared. My personal view - market is oversold. If you have extra $, it's a good time to buy and keep. Good luck! |
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teh210010
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16-Aug-2007 21:44
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I am really concerned about the China market. It is overvalued and the bubble is getting bigger and bigger each day. China market is scarely affected by the sub-prime saga. If China bubble really busts before the 2008 Olympics then Asia bourses and the rest of the world will be really in trouble. So watch out for the China stock market. Note the inflationary pressure and the impact on the common people in China esp in the inner part of China. If the govt does not tread correctly, then the consequences will be casthastrophic. |
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cheongsl
Master |
16-Aug-2007 21:40
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Opposite viewing, buy when people are in fear, sell when people are confident, buy more when people are more fearful, sell more when people are more optimistic. (Take buy over a period of time and limited amount, take sell over a period of time and limited amount) |
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melvinaw
Member |
16-Aug-2007 21:26
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Yes singaporegal im totally agree with u. |
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DnApeh
Master |
16-Aug-2007 21:26
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Hi singaporeregal, Can you please explain your point(2) about cutting loss, "sell when the share price has dipped below 2-5% of its previous peak"? Thanks. |
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singaporegal
Supreme |
16-Aug-2007 21:13
Yells: "Female TA nut" |
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Thanks agathos and melvinaw for sharing your experiences. I have had my share of big losses. The lesson I learned is always to cut loss when things don't go your way. Some lessons I learned the hard way - (1) Never play contra - only trade/invest with money you can afford to lose (2) Always be prepared to cut loss. Rule of thumb is to sell when the share price has dipped below 2-5% of its previous peak. (3) Never put all your eggs in one basket. But also never over-diversify. (4) Avoid penny stocks that are prone to manipulation |
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agathos
Member |
16-Aug-2007 21:02
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Dear fellow share junction members, I am a very novice stock player. I am from Singapore, migrated to Australia. When I get involved in stock 12 months ago, I: a) Was fortunate to have a lady stock broker whose advice(s) are only 100% accurate (but very conservative). More than half of her recommendations doubled or tripled their value in 12 months, others remain status quo or 10-30% above the price she ask us to buy. b) Along the way, I slowly learn from my father in law, my almost lost ALL his entire savings during the 1998 share plunge. Today, he has re coup ALL his loses, and has even invented a way to understand share movements (he only has Standard 6 education, & a Malaysian). c) When I move over to Perth, I read Australia's Smart INVESTOR, surf the net and ASX website, sGX website. When I go shopping, I ask fellow strangers who log on to Free internet @ shopping centers. When I am on Aeroplane, I ask people returning from their mining jobs what companies are making money. When I fly to Jakarta and get a FREE Wall Street Newspaper, I was already alerted to SUB Prime problems was back in March 2007. Back then, many writers predict this will EXPLODE. Remember: What goes UP must come down! Especially when it goes up so fast, so quick, so spectacularly! It's HUMAN GREED to expect good rosy days, NEVER ending money! Boy, oh boy! Who will LOSE ALL The money that EVERYONE wants to win!!!!!! d) When I have a chance to fly back to Singapore, I went to a few stock brokers to compare notes. I speak to different brokers with different opinions, each of them expert in their own field. Some contra experts, some Warren Buffet style of Value investing. I learn that in good, boom times, everyone throw away VALUE investing theories. GOOD, easy money lai liau lor! Si beh kau lat! I don't have ANY vested interest even as I share my 1 cent worth of advice, and I am still a novice. but here are some rules I believe are GOLDEN RULES: 1) NEVER play contra if you don't have the cash. 2) Shares, like gambling & Casino, can be very addictive and one taxi driver I know (who was driving me to the airport) told me - he LOST SGD$500,000 in 22 months. That's why back to driving Taxi. 3) Value investing is still a good rule. BUY LOW, sell HIGH! To conclude, I wanted to encourage all by sharing about a very respected stock broker who told me he lost much of his savings when he first started investing. That's why, in the last 20 years, he has learned much, and gained much ($$$$ sense too). Have a good weekend. The spiritual enlightened ones say - Be contented. If you have SGD$10, buy 2 dollar chicken rice. If you have SGD$1000, go for Fried Prawn/Crab meat rice. I am totally contended, even though I exited the rat race, am staying in a small rented place in Australia. Not much money, but I see my children grow up each day @ 5 pm, I pang kang. Phua Chu Kang says - pang pui, pang sai, pang jiu, PANG KANG! I pang kang liau.Stay contended. Money can earn back. Health, happiness, good wife, your children's happiness and growing up days WILL NEVER return! |
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Galileo
Member |
16-Aug-2007 20:51
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I agree with both the below comments, I've just watched Rotary fall through the floor, or rather it jumped off the roof rather than use the lift & come down slowly, even ST darling Keppel Corp is not spared yet they are still building the same rigs & same order book. The lower it goes more people just through stocks away make it worst, rather than hold on: again its only sellers that causing it to drop. |
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nickyng
Supreme |
16-Aug-2007 20:49
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hee...tt's y lah...BULL mkt...punt small time...BEAR mkt...juz watch sideline....VERY BEAR...time to take out your FIX DEPOSIT..CPF..EZYCASH..etc..and buy BIG !! hee...ppl dump..u collect...ppl collect u DUMP ASAP ! :) anyway i m watching sideline...consider entering DELONG,UOL,SGLAND,CAPITALMALL soon...hee.. |
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melvinaw
Member |
16-Aug-2007 18:57
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Im a victim of Contra.. i bought tis stock @2.16 The rate of dropping is unbelievable for Banyan tree... For today from 2.10-->2.07-->2.04-->1.99-->1.95-->1.88-->.....Ends at 1.82.... Why are they throwing shares so Desperately! Its US subprime Probs Not Singapore Subprime Prob man.... Sorry for my above comments jus my venting of heat due do my drying up SAVINGS... |
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jm2212
Senior |
16-Aug-2007 18:35
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people should avoid thinking of making quick $ by playing contra or using margin during this period, there is force selling almost everyday now, market has no support, this will last for a while. i lost a big sum during this period and i can only console myself that i made from the market and returned them, my life still go on and it doesn't really affect me much (of course heartache by looking at the paper loss.... internal bleeding) |
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skeleton
Member |
16-Aug-2007 18:33
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Could this be the actual cause for the STI plunge after just celebrating the 42nd Bird Day ? If you are a male, aged above 40, and have mood swings comparable to women during their menopausal period, listen up ? you may be suffering from a low level of testosterone, which may pose greater health risks than just a decrease in sexual desire. Medically-termed hypogonadism, this testosterone deficiency syndrome ? if left untreated ? can lead to major health problems such as severe depression, diabetes, heart disease and even Alzheimer's disease. The male sex hormone typically decreases by 1 per cent each year after a man hits 40 years of age Hehehe.... 
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skeleton
Member |
16-Aug-2007 18:19
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Wah pianx...simi tai zhi happened to me ? I am answering in this suicidal thread...siao liao...only a couple a weeks not active in the market i become like this 
Luckily EPL and all footy started......still cannot afford to die yet 
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scotty
Senior |
16-Aug-2007 18:19
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I think the worst hit are those retiree-type uncle and aunties who bought into penny stocks. Penny stocks are a real magnet for people who dunno much about stock investing and want to make a quick buck. I really pity them. |
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skeleton
Member |
16-Aug-2007 18:15
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Think not only SJ but all over the street...not too many are spared from this downside.....but at least, young or old, they still have something to worry about....and not nothing to do and become siao 
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scotty
Senior |
16-Aug-2007 18:11
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Hehehe.... you just have to take a look at the poll on SJ's home page. More than 60% of the people here are affected badly by the market drop. |
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Synapse
Member |
16-Aug-2007 18:05
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Wah piangz ... interesting thread. A good pal of mine mentioned that one useful buy signal is when "there is blood on the streets". I suppose this thread is somewhat relevant ... It's a sad fact, i guess, the money we earn is from some poor soul. I hope nobody in this forum is too affected by this correction. |
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skeleton
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16-Aug-2007 18:05
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The rate will still be moderate lah...but...try not letting people "gamble" and people of all ages got nothing better to do...lagi siao and jialat man. I 1st one to suffer a sudden brain dead.
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nickyng
Supreme |
16-Aug-2007 16:34
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well...govt must be thinking sporean life expectancy are stretching longer and their CPF in govt mgt cant give them better thatn 4% saving rates...so lan lan will hv to get u to buy annuities "incase" u "happen" to live much longer haha...but with withdrawl at S$500/mth...dont think can sustain much also..not to mention the kind of high-standard of living life style we hv in the future...IR and those stuffs....so how?? we PUNT stocks with CPF $$ to increase our eggs in the NEST !! :PP |
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