Latest Forum Topics / SGX Last:11.22 -0.14 | Post Reply |
SGX
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lookcc
Master |
09-Apr-2008 23:57
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AK, same here....paid tution fee also n also dunno wanna b in tis counter again. | ||
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AK_Francis
Supreme |
09-Apr-2008 23:43
Yells: "Happy go lucky, cheers." |
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This counter I hate most, test like hell, still failed. Expensive tuition fee leow. Tomorrow how ah, really dun know. But lets cheers. | ||
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winsontkl
Elite |
09-Apr-2008 23:26
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Elf, my respect to your accurate forecast....super zhun man... What do you think of the coming week??? since three months is long for you... Care to share....luv to read your comments...
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DnApeh
Master |
09-Apr-2008 22:29
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Hey, elf. When a hunter sets a trap to trap a bear, it is called a bear-trap, right? So, when the bears set a trap for the bulls, it should be called a bull-trap. Ha, ha, ha! | ||
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elfinchilde
Elite |
09-Apr-2008 22:08
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yes888, i get your drift. i'm just a very small fishie swimming in the sea tho: don't get glomped down by the sharks, happy already. Just learn to swim with them, and pick up what scraps they are generous enough to give. little elves only need little beers. where ya from, or inconvenient to say? i can pretty much guess where most of the regulars here are from already. ok. need to *zip* now. cheers. |
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yes888
Member |
09-Apr-2008 21:45
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ok...shhhhhhh..... hahahaha |
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yes888
Member |
09-Apr-2008 21:14
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hi elfinchilde, trade yourself where got fun sia. poke the bear while it is sleeping, poke the bull to make it cheong up and down... more fun sia.. hahahaha |
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178investors
Veteran |
09-Apr-2008 21:13
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Sometime ago, I recalled SGX was to merge (or something else) with Singapore Commodity Exchange. What is the impact of that development. Can anyone summarize and comments on impact... good/bad/neutral? Thx. |
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elfinchilde
Elite |
09-Apr-2008 21:04
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... just woke up. yea, DnApeh, bear trap. always get the directions confused hehe. it makes more sense to me to call it a bull trap, cos it's a trap for the bulls leh....thank goodness when i trade by myself i seldom have to verbalise anything. haha. anyone looking at HSI puts tomorrow? 23,700 seems like a viable level for it to dip to, tomorrow. note: all stated are only suggestions. standard line: you fire the gun, you bite the bullet. ok, dinner time! gotta watch DJIA tonight. and man, i have GOT to open a forex account. close eyes and just short the US/GBP and US/Euro pairs man. |
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yes888
Member |
09-Apr-2008 21:03
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dun worry la.. nicky. the market is always full of big jokers ard to make your days man. cheers... |
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tanglinboy
Elite |
09-Apr-2008 20:23
Yells: "hello!" |
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crazy counter. Big movements in this stock but overall quiet market. | ||
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nickyng
Supreme |
09-Apr-2008 17:22
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gee...guess i m busy lately to hv missed all the SHORTING opportunities !! that is an EXCUSE ! :D hee..... dun worry i will be back...to bring SGX to an affordable price level for all :))) |
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DnApeh
Master |
09-Apr-2008 16:37
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i think you mean bear trap.
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elfinchilde
Elite |
09-Apr-2008 16:17
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zzz. ok. locked out my puts earlier at 27.5c. show over liao. gonna go now. excuse me....little elves need their rest. hahaa. happy trading, people! | ||
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elfinchilde
Elite |
09-Apr-2008 14:50
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k need to watch so rapid post: if sgx can close below 7.98 today, hold the puts. 7.65 possible then. fyi for those who went in. shortists tho, may like to cover back. sgx releases results 14/4. may go either way. not worth the risk to me. market past week was a beautiful bull trap. |
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elfinchilde
Elite |
09-Apr-2008 14:41
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btw, honda, warrants are VERY RISKY instruments. i cannot overemphasize that. one can make a lot, yes, but you can also lose a lot. i wouldn't advise it for beginners actually. for myself, i set very strict stop loss levels for warrants; and i only enter at pivot points. straddle: aka strangles. You can buy both puts and calls on a same stock/index. a technique used by traders for a very volatile stock. so when it goes up, you lock in the call; when it goes down, you lock in the put. So right now, looking at the sti, buy short term calls and long term puts. how to read a warrant: eg, STI3000BNPePW080423 (random numbers ah, i don't know if there's really such a warrant haha): STI = what the warrant is derived from. 3000 = its strike level. BNP = name of issuer e = European style warrant. as opposed to american. ie, you can only convert the warrant back to the issuer on expiry, rather than anytime you wish. Most s'pore listed warrants are e warrants. Altho, if like me, you're just for trading, ya don't gotta bother about such stuff. PW/CW = put warrant or call warrant. 080423 = expiry date of the warrant. ie, 23rd april 2008. for some reason they like to stick the numbers backwards, don't ask me why. haha. note the time decay factor: as warrants get closer to expiry date, the vol gets less, and the price changes gets less. so advisable to not take a warrant too close to expiry date (most warrants are not tradable abt 1 week before their expiry date). And note: not necessarily true that cheaper warrants are better. you need to look for one close to your strike price/level, and have sufficient liquidity for trading. eg, if upon the same stock, one warrant is at 5c, potential to hit 7c, but lots traded is only 50; cf with another warrant at 8c, with potential to hit 10c but lots traded is 500, i'd take the latter. ya don't wanna get stuck holding fistfuls of warrants. and as we talk, sgx is pinging off 8.1. wait and see. |
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yes888
Member |
09-Apr-2008 14:39
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fast n furious man...cheong ah.... hehe |
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yes888
Member |
09-Apr-2008 14:32
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hi honda, you may wish to look at straddle...take your time man :) cheers |
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elfinchilde
Elite |
09-Apr-2008 14:32
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other info fyi: market was actually at the pivot pt on apr 4/apr 7. ie, change in direction likely. pending the DJIA too: whose upper limit was 12,750. DJIA hit close to 12,700 a couple of days back, but it was on low vol. Key thing to note: gold then recovered while DJIA/STI was going up. I believe i posted on the gold thread then: MS and citigroup were controlling and buying gold. gold tends to move counter to the market. So when markets are up on low vol, and gold starts going up, that's your sign of an unsustainable rally. right now tho: gold is dropping a little. ie, market direction is undecided. If up, DJIA is to 13,500. If down, means the fifth wave has ended, slide to 12,000 at least. Correlate the STI to DJIA: there's a rough correlation that can be used. Altho HSI and SCI also affect the STI. watch Dow futures too for a gauge in direction. STI has surprisingly strong support at 3,100 tho. wait to see if this is broken or the pinging off level. for sgx itself, be prep for sudden movement ard 3 pm today. perhaps. haha. each stock has its own psychology; this then creates its trends. if the trends can be fixed into patterns, that's a good stock for TA. if not, avoid. |
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elfinchilde
Elite |
09-Apr-2008 14:24
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heya honda and brokenheartz (eh...not a very auspicious name for trading, isn't it? :P )-- warrants are essentially derivatives on stocks. you buy a call warrant if you expect the mother stock to go up; put if you expect it to go down. I don't do shorting myself, since esp for sgx, for the 8+ k you risk per counter, you only get back ~300-400, if you're good. Plus: too volatile. I like trades to last at least a day. Note that warrants are very, very risky though: because for every movement in the mother stock, there's greater gyration in the warrant. other pts: -you do not always buy warrants. you buy them only at pivot points (ie, where major change of direction is likely to occur). o/w, it's more worth to play the mother stock. So for SGX, if you refer to its charts from 11 feb to now: SGX's resistance was is ~9.3 (the highest pt before the slide in Mar). But when it shot up from 6.45 to 9, it did so on low vol, and didn't manage to break 9. Williams showed way overbought then: apr 4 and 7 (apr 4th was when i entered the put). ie, it's only a matter of time before SGX went down. The support i calculate this time around is abt 8.05. 7.8 is the lowest possible. looking at its trend, while it does fantastic intbraday movements of up to 50c a day, in dollar for dollar calculation, that's not worth to catch the full ride, which will take days. Hence i opted for the puts. yah. i'm pure technical, 3 mths is a long time for me. tho i can read fundamentals if i want to: shplayer taught me this. :) |
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