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STI to cross 3000 boosted by long-term investors
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Livermore
Master |
30-Dec-2010 23:46
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The fundamental point is this. You ride on the major trend and not on the minor trend because the greatest gains are in the major trend. Riding in a minor trend may mean shorting during a correction in a bull market. | ||||
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Livermore
Master |
30-Dec-2010 23:39
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Correct. Look at the price trend. There is no point buying a stock with low P/E and "relatively good earnings" if it does not move.Look at some of the stocks out there. They can consolidate for one whole year without moving much. As I mentioned earlier, a "good" company does not always mean the stock is a good buy.
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Zhiwei
Senior |
30-Dec-2010 23:38
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hello victorf ,really thanks and appreciate your call throughout the year of 2010. It have been a fruitful year through some advise, awareness and market direction from this forum..... e.g Victorf , Alexchia01( STI3000 summary), susan66( Innotek + Gallant Venture), Yummygd ( YingLi), and many many more forumer in this SJ ( ChinaGaoxian, Capitaland, CapitalMallaAsia, China Sport, Wilmar, OUE, FraserComTrust etc......) . lastly JG bon3260 (meiban :( ....dispite a dull movement througout a year of 2010 but still enjoy reading your posting too )
I would like to wish all of you a wealthy and a healthy year of 2011. Huat Arrr!!!!
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Zhiwei
Senior |
30-Dec-2010 23:08
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eeming45, trust me.. the way your colleague did was a right path to do ...nevertheless, to seek for explaination how's BB work for the market might as well do yor own home work to enhance trading skill. good luck and all the best to you for a wealthy year 2011
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flyersummer
Member |
30-Dec-2010 20:14
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0646 GMT [Dow Jones] The STI is +0.3% at 3215.98 in its fifth straight session of gains, and likely to stay there with most regional markets higher amid broadly positive sentiment going into the New Year. 680 million shares are traded so far, worth S$496 million. "The STI did very well yesterday as it gapped past through the psychological resistance level of 3200 and reached 3207. It seems like position traders are loading up on stocks in anticipation for the New Year," says SIAS Research. The house adds, if psychological support at 3200 holds after today, we should see a resumption of the uptrend in the next couple of days. Tips immediate resistance at 3300. "The going should be good now for traders who had bought in earlier when the STI was at its neckline of 3118." Low value to volume trade today with lower liners like Ying Li (5DM.SG), China Sports (FQ8.SG), Tuan Sing (T24.SG) all in the top traded list. |
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krisluke
Supreme |
30-Dec-2010 15:29
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HONG KONG, Dec 30 (IFR) - Asian credit markets are looking to end the year on a strong note driven by the region's strong fundamentals and by investors seeking higher returns in a low rate environment. But with European debt problems remaining unresolved and issuers looking to lock in to low rates for longer borrowings, secondary markets will struggle to provide that kind of return in the New Year. The HSBC Asian Dollar Bond Index shows a total return of around 10.3% year to date, down from 2009's return of 26.5%. In 2008, the index had fallen as the collapse of Lehman Brothers sparked a sell-off. The iTraxx investment grade index is currently quoted at a spread of around 101/103bp, showing little change after shrinking about 17bp from the widest this month. Still they are higher than 2009's closing spread of 95.50bp. Meanwhile, the resumption of issuance activity is being eyed closely even as the secondary market remains supported by strong economic numbers out of Asia. Data released this morning showed South Korea's November factory output and service-sector activity expanded from October, suggesting resilience in Asia's fourth-largest economy, while China's vast manufacturing sector continued to expand strongly towards the year-end. That underpinned the overall risk appetite in the region with stocks in Asia broadly higher although Japanese shares fell following the recent rally in the yen. The MSCI index for stocks in Asia-pacific outside Japan was up 0.6%, having clocked a gain of almost 15% this year. And while primary market volumes for credit issues are unlikely to top this year's record of USD83.4bn, it is expected issuance activity will remain strong as borrowers aim to lock in long term funds at low rates. "Supply and Europe's problems are the big themes for January," said a Singapore-based portfolio manager, referring to the headline risks from eurozone. "If the sovereign is not risk-free, then bank bonds have a problem and the refinance schedule for Europe is quite big." Philippines could be an early issuer in international markets after its central bank approved an offering of global peso bonds worth up to USD1.5bn. The bonds could have a maturity of between 15 years and 25 years, according to Reuters. Also being eyed are some of the delayed offerings from 2010 as issuers seek to revive their debt-raising plans. Delong Steel, a Singapore-listed PRC steelmaker, which held roadshows in November and Indonesian oil and gas company Energi Mega Persada which was set to price its bond deal in that month, did not go ahead with their transactions due to volatile market conditions. China Medical Technologies delayed its debut transaction in October. (,") |
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chris168
Senior |
30-Dec-2010 12:48
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I started stock market 2010 on low expectations. Many economists and analysts gazing at crystal ball were predicting volatilities ahead. And reports of European sovereign debt crisis have already started to surface ... But as it turned out, measures taken by govts and central banks, QE to pump billions of dollars into financial markets (when renewed worries over a possible economic slowdown emerged) has enabled world markets to survive 2010 intact. I hitched the bumpy ride to make a decent gain of over 20% for the year. Although stock trading/investing is not my main source of income, it is still most satisfying to - quote Ipunter "tame the beast". It is also time to thank many here who unselfishly shared their trading ideas ... Alex, victorf, teeth 53, lowchia and many others. And many more their jokes, advice ..... To all, wishing all, Good health. Abundant wealth. A BETTER 2011. |
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krisluke
Supreme |
30-Dec-2010 12:44
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So what will the year of the Golden Tiger bring? According to CLSA, expect strong volatility for several months, with the conflict between the metal and wood elements adding to the typical changes and upheaval seen in Tiger years. The broker’s 16th CLSA Feng Shui Index sees a bumpy ride through May, before a “Tiger Leap” helps push the market up strongly in the second half. CLSA, one of the region’s most established brokers, began its lighthearted Feng Shui Index in 1992 as a Chinese New Year card for clients. It featured forecasts from Hong Kong feng shui masters and a prediction for the Hang Seng. That year, the chart correctly called all seven of the market’s major turns. “Tiger years are typically marked by dramatic changes and even upheaval,” said CLSA.”Tigers can be volatile at the best of times, and this year’s yang (male) influence coming on top of the inherent conflict between the ruling metal and wood elements means we’re in for a mighty interesting 12 months.” Investors should look to precious metals, steel, pulp and paper, in a nod to the dominant metal and wood elements. Tech, power, telecoms and property should be fair, but shipping, airlines and transport stocks are riskier due to their ties to water. “The key word this year is ‘volatile’ and the best advice is to keep your cool,” says CLSA. Be careful in May and June, but expect strong upswings in the Hang Seng in early June and September. “There’s an old Chinese saying that translates roughly as, ‘Once on a tiger’s back, it’s hard to get off’. But if you can hang on, it’s certainly the safest place to be.” |
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Greenbean
Senior |
30-Dec-2010 12:41
Yells: "Live green. Let it be GREEN." |
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Thankyou victorf. Have gained from your Calls. Wishing YOUand ALL helpful forumers at SJ, A HAPPY, HEALTHY, WEALTHY and SAFE 2011.
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krisluke
Supreme |
30-Dec-2010 12:25
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2011 Financial recap. |
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SGG_SGG
Master |
30-Dec-2010 12:16
Yells: "karma karma karma chameleon" |
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Better enjoy my lunch... hopefully afternoon session will be better. | ||||
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victorf
Master |
30-Dec-2010 11:51
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as always over the years, we will let Market prove whether we are right or wrong with pure transparency (precise, straight forward, no hindsight).....we will review our call for STI in year 2010 (whether it is "SELL INTO STRENGTH", "NEUTRAL", "BUY ON DIP"). Surprisingly, we are PERFECT in all our call (short term moment with precise date given for low or high) for STI in year 2010....Hope we can achieve similar results for year 2011....till here, wish all a Prosperous New New Year 2011....good luck :) |
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risktaker
Supreme |
30-Dec-2010 11:26
Yells: "Sometimes you think you know, but in fact you dont" |
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Singapore is est to grow 15% this year... Thanx to our Singapore Government which they did a superb job in handling this crisis. Our Leaders Really Did a great Job ! My New Year Wishes for Singapore is Long live Singapore prosperity & Peace ! Everyone play a part (Singaporean,PR, foreigners) and we did it. Singapore Well done and a Big Thank You to our leaders ! Please do some good deeds if you make money from the market. Donate to the needy if you can. Especially CNY is coming. HUAT AH.... SINGAPORE FOREVER !!! HUAT AH ..... Hopefully by Year End 2011 - STI WILL BREAK 3800 LEVEL |
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risktaker
Supreme |
30-Dec-2010 10:40
Yells: "Sometimes you think you know, but in fact you dont" |
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Among the shares..... I shared .... GLP & Wilmar didnt moved. Well .... Good news is --- We are still buying :)
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Livermore
Master |
30-Dec-2010 07:07
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Maybe be careful end Jan 2011 | ||||
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cathylmg
Elite |
30-Dec-2010 00:10
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Your last postings has been an helpful for me. I am also holding Fuyu and Informatics on your recommandation. Hope to see more of your updates. Thank you for your dedication to this forum.
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Livermore
Master |
29-Dec-2010 23:54
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Your colleagues are right
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eeming45
Member |
29-Dec-2010 22:18
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Thanks bonbon, the reason i ask is bcos i tried explain the BBs theory to my colleague but they dun fully agree, but they prefer look for the book price per share together with the chart to determine their counters .... |
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Bon3260
Supreme |
29-Dec-2010 21:49
Yells: "Ooo Ooo Aaa Aaa!" |
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eeming45, As I always said, STI's juz a guide line only. STI can go sky high but sm Counters'll still wun move @ all. Most impt thing's... U muz make sure ur Counters hv BBs run rd or not (大鱼跑路). If they run, means u need 2 hold v v long liao. Qns' how 2 noe whether BBs got run rd or not (大鱼有没有跑路)? Ans' everyday Mkt close, got BBs (大鱼) draw charts or not? ('',)
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eeming45
Member |
29-Dec-2010 19:00
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Dear experts, I hope anyone can enlighted me on trading skills. 1) How do we find out the true fair share valve of a stock , i guess this is not NAV. I cant just based on trend analysis that is bullish then go in without homework For example; i am holding a stock which is double the price when i bought during last yr. Looking the chart shows downtrend, how do i know whether must i hold or the stock will tumble now even loking at charts. |
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