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Alot of shares seems to be heavily sold down
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Pinnacle
Master |
14-Jan-2008 17:24
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May have a technical rebound tonight as Dow Futures are green now. However, it still very much depends on how the market reacts to the bank financial announcement tonight. The reaction maybe: 1) Heavy selloff of banks and financial stocks and drag the whole market down further. 2) Close slightly above water as stronger anticipation of larger cut of Fed rate. |
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sohguanh
Veteran |
14-Jan-2008 16:02
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loyfarn88: It seems a lot of fund managers are raising cash by selling out. It could be a strategic move or it could be redemption requests by clients. For desperate traders they are attempting short selling to make monies. So couple with BB unloading and short selling, small time shortist join in the fray like nickng to make monies. If you take a look, most stocks sell down are blue chip and more popular stocks. Drop so low other ppl are tempted to buy in and fall into shortist trap. To prevent heart pain, don't buy them lor. Look for more cold stocks like me and I neber caught in their fire :) Shortist can only earn when there are interest in the stock. Basically high volume and liquidity. Understand their strategy and you will be at a better position to manage your own stock portfolio.Zi Ji Zi Pi, Bai Zhan Bai Shen aka know oneself, know others, one hundred battles one hundred wins :) |
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loyfam88
Senior |
14-Jan-2008 15:22
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Today seems like free fall... Wonder how long more it will last. |
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winsontkl
Elite |
11-Jan-2008 22:38
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If such rebounds do come, BB will take the opportunity to offload. Notice that many counters is breaking new low nowadays.... Only the brave bull will charge....for better or worse??? who knows but MR Market. |
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Lazyhorse
Senior |
11-Jan-2008 16:28
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Hope a few big rebounds over the next few weeks can kill off some, if not all these shortist vultures... |
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sohguanh
Veteran |
11-Jan-2008 16:21
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mike8057d: You must check with the respective brokerage firms. Some you can use their rewards points to redeem month by month. Some is subscribe the service must use at least 3 months cannot terminate mid-way get back rewards points. |
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mike8057d
Veteran |
11-Jan-2008 16:16
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sohguanh...thanks. How much is the subscription fee for Market Depth? |
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sohguanh
Veteran |
11-Jan-2008 16:09
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mike8057d: First you must subscribe for Market Depth service from the brokerage firm. Then you see who queue how many lots at what pricing as compared to current share price. Then you decide how many bids lower you wanna buy back. Then you queue at Buy say 10 lots. Only then you queue to Sell 10 lots at a price higher than your Buy but lower than the current share traded price. Hopefully the price is low enuff to attract other investors to take the bait. Extrapolate this strategy to X number of shortist playing this counter and you have market action like shortist A try to queue earlier than shortist B or shortist A queue to sell lower than shortist B etc etc. The LAST shortist will bear the brunt of losses if BB decide to prop the price up or NO ONE take his Buy order. Buy back higher or wait for T + 5 buy-in market see result. |
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Lazyhorse
Senior |
11-Jan-2008 16:06
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Nickyng is notorious in the forum for his expertise in shorting. He should be able to advise well on this matter. : )) |
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mike8057d
Veteran |
11-Jan-2008 16:03
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nickyng...how? |
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nickyng
Supreme |
11-Jan-2008 15:53
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hee...if u cant BEAT them...join them and make $$$$ loh !! :P |
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Lazyhorse
Senior |
11-Jan-2008 15:46
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Nothing fundamental wrong with Capitaland. But today a lot of big cap are being shorted by *&$%@# people. SGX also under very heavy fire. |
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Kensonic77
Veteran |
11-Jan-2008 15:34
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Hi, What happen to Capitaland. I bought some at $5.92 on Tuesday... Care to explain further? Thanks |
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Lazyhorse
Senior |
11-Jan-2008 15:26
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I mean Capitaland. Type too fast |
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Lazyhorse
Senior |
11-Jan-2008 15:25
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Seems like it's rotational shorting. Now capital is under heavy fire. Another round of carnage is happening. Hope I am wrong about it |
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cyjjerry85
Elite |
11-Jan-2008 14:11
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i only buy counters above a dollar...so the 0.01 is juz a bid...need to do some calculations with the deducting of comm...so it's like getting juz a mere $100 only...but it's better than nth in such a market than losing but definitely also also on to some counters and yep....like others...bleeding in red...and seeing it go a step down is still painful |
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jennlsk
Member |
11-Jan-2008 12:52
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cyjjerry85, with smaller bid size, 0.01 can't make any profit after deducting comm, trading/clearance fee & GST wor |
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huatah
Veteran |
11-Jan-2008 12:50
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cyjjerry.. indeed.. me aso apply your method.. playin intra-trade during tis volatile market.. but de ups... r minimin.. de down.. like today.. hard to swallow.. heehee.. Lazyhorse.. i m a joker by nature.. a gambler... take live optimistic... de sky drop.. treat it as my blanket.. No underwear nevermind.. as long as when doin zippin.. dun get caught.. heehee |
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Lazyhorse
Senior |
11-Jan-2008 12:50
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cyjjerry85, your method require a lot of discipline especially when cutting loss. Don't think i can do it. I have the habit of holding and holding and holding until it go up then I sell. Which is why i stuck with a lot of shits. Some shits are at least 5 years old... |
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cyjjerry85
Elite |
11-Jan-2008 12:46
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been using a technique these few days of volatile markets...buy in and sell immediately at a profit of 0.01...it worked for me...but of cos...there's certain risks involved as well...the ups and downs are really...aGhhh...especially going down now...hard to bear |
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