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things every retail investor/trader should know
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AK_Francis
Supreme |
20-Nov-2008 11:06
Yells: "Happy go lucky, cheers." |
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With current buoyant market n couples with coming Dec hol, staying sideline will keep your mind in peace. Moreover, is STI market bottom yet? No feel. Though analysts claimed that defensive counters like telecoms ie SingTel, Starhup; ppty reit, ie Suntec reit n media ie SPH are better choices for investment at this moment. AK opines that it is still not the right time to acc them. But as what sifu suggested, monitor and pick up some blues or even the top 30 market cap coys; their near lowest price(take ref for yr low, ie SingTel now, yr H 4.14 n L 1.94), when u feel d market sentiment alrdy suitable to do shopping loh. Nonetheless, keep in touch in SJ, time is right again when u hear most sifus clapping their hands. Above are AK view only. CA applies.
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waverly
Member |
20-Nov-2008 10:32
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Hi all,(ak, i punter, elfin, quah and all the seniors ) which do u consider the true blue liner blue chips ? i am considering sembcorp, sph, smrt as blue liners,do u all have any views ? thanks
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elfinchilde
Elite |
20-Nov-2008 10:22
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yuppers. btw, thanks to you and the rest on answering about ARs etc. (and yup, i see quarterly reports too). FA is impt--because it controls newsflow, which is what affects sentiment. So when ppl wish to pick up winners for the next run, the first indications will be on FA. (tho i personally prefer technicals). this is for those who play longer term (>6tmhs/1 yr etc). yah, in hols. can't wait for mid dec. will be going away for a month or longer. hehe. cheers!
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iPunter
Supreme |
20-Nov-2008 08:27
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And another thing worth mentioning is the mass faith in so-called 'fundamentals'.... Many have recently lost big fortunes soley because they have great faith and conviction in their stocks' 'fundamentals'. They will argue fiercely and vehemently to the end that their stocks have got superb fundamentals which they have studied through and through and in depth. The reality is actually that the market is the market... Its behaviour has nothing to do with stock fundamentals. It is a unique yet economic beast, regardless of how strong our faith in 'fundamentals' are (read 'have been' ) ... The fortunes lost because of this belief is probably the most valuable lesson (ie. has great value) any stock market player can ask for but won't want to believe... |
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iPunter
Supreme |
20-Nov-2008 08:16
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The stock market is not 'crashing' everyday... Actually, it is in a big downtrend, since many many moths ago... |
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AK_Francis
Supreme |
19-Nov-2008 23:29
Yells: "Happy go lucky, cheers." |
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Elf, tend to agreed with u. This is the norm, even with bull run. But for those who much wish to get some bargain, just stay alert loh, while other forumers are in hol. He he.
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Livermore
Master |
19-Nov-2008 19:21
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Even if market keep crashing every day, stocks cannot be 0c unless company go "bust". Just like Golden Agri, drop 1c, 0.5c even though market keep crashing. For some penny stocks, you can actually start to "surround " it with minmal lots. If you use margin and even if you are in borrowing of let's say just $10k and you expect market to recover in 2 years time, your gains after 2 years far outweigh the interest incurred for 2 years. Work it out with your calculator. But when market keep crashing, some attendtion should be focussed on the former blue chips. They present a much better buy. |
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elfinchilde
Elite |
19-Nov-2008 17:48
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month end fund redemptions, plus dec hols for the foreigners. don't need to bother watching market alr. can close books for the year. except to consistently pick the blues at their lowest pts. o/w, don't bother playing; not worth the time taken to watch. |
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AK_Francis
Supreme |
19-Nov-2008 17:33
Yells: "Happy go lucky, cheers." |
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That serious, pse prewarn us if market is closed to Disaster. AK at current moment dun hv the feel leh? But there may be time bomb which will trigger it. When, sorry just can't tell or guess. |
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cathylmg
Elite |
19-Nov-2008 14:14
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For those into TA, is it right to deduce that we are in the 4th wave of a fibo? | ||||
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Farmer
Master |
19-Nov-2008 13:00
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Actually, i am ok on AR (used to read it up for ST, SPH, etc.) but after reading your post, i begin to confuse a little too. There's also the question of right issue, share buy back scheme, new share issue to employee, stock option, director holdings deem/direct etc....etc.. Thus, i conclude that investment itself is no simple task(look like it is), its not just buy, hold & sell, this is like a whole university faculty for those keen to study/explore.
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baseerahmed
Master |
19-Nov-2008 08:47
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ojcurious : take a look at this for some ideas sgdividends.blogspot.com/ |
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ojcurious
Member |
19-Nov-2008 08:01
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Thanks everyone... I've only started to read AR...with zero finance/accounting background... it has been a huge challenge to understand all those numbers and statements (finanical notes)... When I first started, I nearly pulled all my hair out. But it has slowly gotten better now... though I'm still very much confused with terms like credit facilities (anyone can explain what's that really???)... and company not only can raise cash by issuing shares... there's still the normal shares and perference shares... then there's the converitible bonds, senior notes, etc... so it's rather confusing. Which bring me to the question of... how can I tell if the company is finanical ok, when its running on bank loans, had issued bonds, senior notes, etc to raise funds for its acquisition and daily operation... eg Noble and Olam... So how to tell the company is really healthy, and those loans, bonds/notes are just normal way of doing business for the company. Waverly - Yes. | ||||
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AK_Francis
Supreme |
17-Nov-2008 10:42
Yells: "Happy go lucky, cheers." |
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Yes, fully agreed. Periodic influencial matters count.
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knightbridge
Veteran |
17-Nov-2008 10:25
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Heard of businessman invest make million or billion, heard of remisiers make millions, heard of fund managers make millions, hardly hear any analysts making a million. It is because conficit of interest they cannot buy what they are analysing so cannot make money. Then stocks go up or down based on their report do not matter cause they make no profit/loss from it. So i think their motive is to paint a very beautiful picture or very ugly picture so that many many people will have a interest to read it. (Ability to influence the share price will be more important to them, so that companies will want pay and keep them to generate interest in the counter) |
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SupremeA
Veteran |
17-Nov-2008 10:04
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when reading QR must be very aware of seasonality of biz. must know which period to compare it to
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waverly
Member |
17-Nov-2008 09:56
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what is tabulated financial spreadsheet? do u mean those by analysts which shows financial statement over 5 years ?
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AK_Francis
Supreme |
17-Nov-2008 09:48
Yells: "Happy go lucky, cheers." |
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AK opines that reading QR is much viable than AR, as AR is one yr one time whereas QR is 4 mths' transparency. In Apr, Jul, Oct n Jan, including each coy FY, though not all coy in the same yr end. Likewise, if u hold a coy stock, dun wait for the AGM cum report, read their QR as well. AK view only loh. |
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ojcurious
Member |
17-Nov-2008 08:23
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Thank you everyone for your reply. I guess the AR would be useful to gauge how the company is doing, plan to do, etc... whether is there any 'fake' accounting, well, sadly i don't have any crystal ball to foresee which company would be the unreliable one. I do find most analyst's report too optimistic, too bullish... it's like "buy", "buy", "buy"...so kinda difficult to trust...as well as many other reasons to take their reports with just a pinch of salt.... well.. we all can see what happened to Ferrochina.... I was looking at the tabulated finanical factsheet from Poems as it was readily available... and since it was all tabulated together (including last few years' results) - convenient mah. But was surprised to find the different figures when compared to the AR. So really surprised and puzzled. Eg GoldenAgri.... AR is negative cashflow... so no idea how come become positive in the poems finanical factsheet...same for thomson reuter I think... cos another forumer posted the similar factsheet...so I guess I should be careful about using these finanical factsheet as well... cheerios... |
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SupremeA
Veteran |
15-Nov-2008 23:54
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even ARs cannot be fully trusted. Lots of accounting shenanigans to move earnings around and to make numbers pretty.
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