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Correction over or NDP rally?
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mediacraze
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10-Aug-2007 14:26
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jng1103, Money never enough man... if got ammo, next Monday and Tuesday should be a good "fishing" day. Base on the tidal change (T+3/ T+4), current flow (new circle), but depend on weather very much (DOW, subprime issue) Our PM speech cannot compare to the Global worries. When good news come STI up, bad news come STI plunged. STI is a mirror of Singapore Society. When Gov. said it is right, people have to follow. So when Dow or Hang Seng or NIKKI or EURO said drop, STI have to follow mah.... hahaha..... Now aimming at Venture, UOB, Kep Corp and NOL. Usually I off load once hit my target of 20~40cents kopi $$ making. The key I think is not to be greedy, especially during this period. At opening: Venture: -60cents, KepCorp: -70cents, UOB: -80cents, NOL: -40cents. Looking at the volume, more like panic selling either to get profit or cut loss, else force selling. Like you say Tsunami not over... better to sit tight first. |
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jng1103
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10-Aug-2007 13:52
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It looks like there's very little or no correlation between NDP rally and STI. The party is over though our PM had tried hard to inject confidence into the market. Hopefully not many kena caught up to short on NDP-eve. Tsunami is not over yet... let's sit tight and enjoy the ride 
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jng1103
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09-Aug-2007 12:45
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Hi Mediacraze, sounds like u r a valued investor instead of speculative ones. Good for U coz u short based on its TA/FA. Yes, I've eyed on UOB when it dropped to $19.70 but no ammor/ball to short. Otherwise, I'd bought n kept for long term... sigh, money not enuf leh...
Dow 100pts++ and do u think it's a good idea to short/contra on few highly speculative/small caps counters? so, where is ur next kopi $$$ from? give tips leh.... 
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mediacraze
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08-Aug-2007 20:21
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These two shares had strong fundamental. I had been monitoring or study their charts. I very small player so only dare to look at strong counters. Cosco holding point despite these 2 weeks drop should be about at $5. Yesterday drop to $4.8, so I guess it should be good price liao. Couple with the Fed maintaining interest rate, so went in for it this morning. Base on the trend, Cosco tend to rebound between 20~30 cents. So offload at $5.05. Was lucky though. Venture is another fundamental strong counter. $14 is like a a good price to me. So went in at $14.1. Same also, base on trend it had capability to rebound between 30~60 cents on good day. So offload at $14.5. But it really surprise me to rebound 80cents. However, if I got the ammo, I would have hold Venture, it got potential for TP $18 or even $20 on mid term run. But ammo used up in KepCorp and SembMar... so no choice Wanted to short UOB as well, but miss the queue yesterday and put me off today. If not will have more kopi $$. Anyway, talking now may sound abit late but please dun flame me for being MA HO BAO. Me still very new and hope to gain more experience from the expert. |
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jng1103
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08-Aug-2007 19:23
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Hi Mediacraze, I share the same sentiment and that's why I refused to press the "buy' button yet. After seeing the big jump today esp on small caps, one may wonders if shortists will start contra and tmr is NDP, it's interesting to see how STI will perform next week (post-NDP). Just curious, how did u come into decision to short cosco and venture corp? wats the profit margin (in %), in ur opinion, is worth the risk of votality? |
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mediacraze
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08-Aug-2007 17:14
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I share my views in the other thread. Although yesterday night Dow only up about 35pts. But following factors could be the main caused for today excellence performance across mainly fundamental good stocks. 1. price of blue counters and medium counters had come to best buy level, 2. Fed had maintain the interest rate. This give a boost to buying to buy in counters, but limited mainly on good stocks, 3. NDP coming, mostly hoping for the usual run. My view is that the market still largly depend on the effect of subprime. Today may just be a short sign of rebound and you may be right about BB trap. Still better be cautious in trading. Anyway, make some kopi $$ out of Venture and Cosco today and off load. Happy National Day Singapore...!!! |
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jng1103
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08-Aug-2007 15:59
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Are we seeing the end of correction or NDP rally? Feel like shorting few good counters but nerves holding me back. Most of small caps and penny stocks showing some rebouncing sign but as NDP is approaching, one wonders if this is another trap by BBs. any comments?
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