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BullishTempo
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30-Jan-2011 22:52
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hi roti boy, not just sg market. Look at what the Egypt unrest did to Dow on Friday. When the market needs an excuse to sell, an excuse will present itself inevitably. Just go with the flow. A correction is in order anyway for global markets, especially the Dow and European markets.
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BullishTempo
Supreme |
30-Jan-2011 22:49
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I would prefer to short a counter that has announced results and missed estimates. There is high probability that SIA will tank tomorrow, having missed its profit estimates. Of course, this is a expensive stock, so its not for everyone.  But any STI component stock is likely to go down. Not sure about non-index stocks.
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rotijai
Supreme |
30-Jan-2011 22:46
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sienz.. another katek days... eygpt unrest has nth to do with sg.. but still ppl can make a mess in sg stock -_- | ||||
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ic1990
Senior |
30-Jan-2011 22:37
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would it be advisable to short simsci instead of specific counters? 
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BullishTempo
Supreme |
30-Jan-2011 22:36
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You have a long position on sri trang? Try being creative, perhaps you can short another counter, since most counters will be down tomorrow. Look for counters that have run up a lot recently. 
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BullishTempo
Supreme |
30-Jan-2011 22:30
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Join them and short.
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hpong5
Master |
30-Jan-2011 22:27
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mideast  index  drop almost 3.5%. tml bbs very likely short the market. stay sideline and wait to accumulate on dip. | ||||
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BullishTempo
Supreme |
30-Jan-2011 22:01
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By MarketWatch WASHINGTON (MarketWatch) — Chaos reigned in Cairo and other Egyptian cities Saturday night as protesters ignored a curfew and continued sometimes-violent demonstrations demanding President Hosni Mubarak’s departure. Soldiers called out to help quell the demonstrations did little to stop the protesters even after the curfew began, according to media reports from the Egyptian capital, home to 18 million people. The unofficial civilian death toll from five days of increasing demonstrations stood at 74. Saturday’s demonstrations came after Mubarak earlier in the day created the new office of vice president and filled it with his intelligence chief and picked another insider to become prime minister and form a new government. Those appointments came on the heels of demands from the the U.S. and other nations that Mubarak back up his promises of reforms with actions. There was no immediate whether the appointments were considered satisfactory by the U.S. |
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BullishTempo
Supreme |
30-Jan-2011 21:42
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Selling is different from shorting. Selling is closing a long position. Shorting is opening a short position.  Those are the standard definitions from any trader's dictionary. Yeah. So dun waste time on this, better to spend more time on the charts    
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ic1990
Senior |
30-Jan-2011 21:42
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wouldn't it be simpler to just short simsci?    sigh, just checked my cfd account, sri trang agro is not listed as a CFD counter. I can't hedge against it. :(
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iPunter
Supreme |
30-Jan-2011 21:34
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You are not quite right...   Warren Buffet (or any other smart stock buyer) would never have       made money if he/she did not sell at the right time.               And contrary to what you said, Soros is at the same time an                     aggressive buyer, merely by the very act of covering his shorts.                           It is those who did only buying or selling (and hold them) that lose their fortunes...
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BullishTempo
Supreme |
30-Jan-2011 21:22
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Think investor and think Warren Buffett. Think trader and think George Soros.  Will Warren buffett short the market? But yeah, each person has his own way of interpreting the market. Peace. 
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BullishTempo
Supreme |
30-Jan-2011 21:13
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LoL iPunter likes to come up with his own unique definitions. I respect his views. 
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iPunter
Supreme |
30-Jan-2011 21:05
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You still do not get my point...     My point is, whether one keeps for long-term or short-term, both are still an investors...             ie. they invest in the stock's movement, in their own preferred time-frame.                      Thus, one is a long-term investor while the other one is a short term investor.                       As for short-sellers, they too 'invest' in downward stock movements,                                 again in their preferred time frames. Holding forever is not investing.                                           But before you argue with me further,                                                   I would like to apologise to you first... (Note: To me, the only definition of investment is to make profits, not losses)
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BullishTempo
Supreme |
30-Jan-2011 20:52
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Oil is bullish due to middle east unrest. So dun short oil counters.  |
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BullishTempo
Supreme |
30-Jan-2011 20:28
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Yup you right on the difference between a trader and an investor. An investor never short the market by the way. An investor only buys when the price is below the company's fair value. So if you are an investor, just do what you have to do and ignore the traders' views who generally won't hold more than 5 days.    Tomorrow is an opportunity for both traders and investors. I reckon the down trend will last a few days since the Dow is down 166 points (beginning of correction?) and Egypt unrest will not go away anytime soon. Saturday's papers also confirm smart money flowing from east to west due to high inflation and increasing interest rates. February is generally less bullish than January and everyone has been expecting a correction for sometime. All the best to the bulls. My money is on the bears the coming few days. 
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iPunter
Supreme |
30-Jan-2011 20:16
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I apologise if you don't agree with any my posts...       Please ignore them if you find talk I talk rubbish.             But I am not the least displeased with you.                       After all, we all have too much learn, including me.                               hehehe... |
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yummygd
Supreme |
30-Jan-2011 20:11
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traders point of view?If im buyin with intention to invest n hold i will rather look at the fundamentals. Of course if playin trading its a different story. fundamentals wont help. cause u wanna buy n sell at a spilt sec n earn money. but thats trading in my opinion. n i think Ipunter is mainly a trader right?
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rabbitfoot
Veteran |
30-Jan-2011 20:09
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Don't Bet. Invest and you will reap the reward. Do homework,  wait, pounce, wait and reap bountiful reward. 2010 was agreat year. Lets hope 2011 will be so.
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BullishTempo
Supreme |
30-Jan-2011 19:55
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I don't think you want to short if its below fair value. That would be suicidal.
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