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EdwardLiu
Senior |
20-Aug-2011 09:19
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19-08-2011 18:31:49 SE Asia Stocks-Tumble on global growth concerns * Indonesia suffers heavy foreign selling * Weak oil prices cause S'pore rig builders to drop * Morgan Stanley keeps positive outlook on Indonesia.  Southeast Asian stock markets tumbled on Friday, with index heavyweights coming under selling pressure as investors shifted money out of riskier assets because of worries over slowing global growth. Indonesia < .JKSE> suffered its biggest fall in two weeks, tumbling 4.4 percent, with banks in particular hit. Singapore < .FTSTI> had its largest loss in almost two weeks at 3.2 percent. Stocks in Malaysia < .KLSE> and Thailand < .SETI> ended the day with smaller drops of less than 2 percent. Philippine shares < .PSI> and Vietnam < .VNI> fell 1.45 percent and 0.5 percent respectively. The selling intensifed late in the session after European shares < .FTSE> extended the previous session's sharp sell-off and U.S. stock index futures pointed to a sharply lower start on Wall Street. " The Indonesian market dropped today due to selling from foreign investors ... It's normal that banks got hit first when the market is down as government bond yields jumped," said Jakarta-based Purwoko Sartono, an analyst at Panin Sekuritas. Foreign investors sold Indonesian stocks worth a net $203 million on Friday, the highest level in more than five months, taking net foreign selling this month to $753 million, after two straight months of inflows, Thomson Reuters data showed, while the Philippine outflow was $11.5 million. The Thai market had foreign outflows of 6.4 billion baht ($214 million), the exchange said. Asian stocks slumped on growing fears the U.S. economy was sliding into recession and as some European lenders faced short-term funding strains, raising fears of a systemic banking crisis on the continent. Singapore fell for a third week, losing 4.1 percent, the worst in the region. Indonesia posted a weekly loss of 1.2 percent, with Malaysia, Thailand and the Philippines posting more limited falls. In a research note dated Aug. 18, Morgan Stanley said it maintained its positive outlook on Indonesia, upgraded Thailand to neutral and downgraded Singapore to negative. It believed that Indonesia's domestic economic growth would withstand a a global slowdown and that Thailand's equity market was likely to outperform ASEAN markets during periods of political stability. Singapore is likely to be hurt the most by a slowdown in global growth, it said. In Singapore, rig builder Keppel Corp
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rotijai
Supreme |
19-Aug-2011 23:48
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i think still early for this.. many of my colleagues jumped in today..
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iPunter
Supreme |
19-Aug-2011 23:28
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The market has gone too far down to be very inspiring to anyone,           including the staunchest bulls... many will be realizing, perhaps for                   the first time, that their money is precious and will strive to protect                             their money in these uncertain and precarious  times.                                     |
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rotijai
Supreme |
19-Aug-2011 23:20
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if dow jones goes south from here.. tat will be a BIG TRAP for the us traders.. i bet tons of ppl jumped in for the rebounce just now..
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rotijai
Supreme |
19-Aug-2011 23:11
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honestly.. tat wasnt a wise move to short at the mini rebounce.. i fully understood my emotion and halved the bet tat i intended to whack (more).. though i am still " red" for the 3 counters (except GAR which suddenly jumped back..)
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rotijai
Supreme |
19-Aug-2011 23:04
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yes more than thurs nah... it disturbs me to see this.. but i am prepared for it earlier i wanted to whack big (50% of my cfd)  but halved cause i was worry of this scenario..
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Gaecia
Elite |
19-Aug-2011 22:46
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...but well u said shorted quite abit wat, meaning more than thurs? Anyway fret not, the  night is still young.  
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rotijai
Supreme |
19-Aug-2011 22:41
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hehe.. tat's y i thought twice again n again before pressing the sell button.. decided to halve the value and press :) |
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Gaecia
Elite |
19-Aug-2011 22:35
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You only  need a mental visualiser to read eod charts, it is available  everydae.  Anyway, its still early from closing... 
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rotijai
Supreme |
19-Aug-2011 22:24
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tats y .. wilmar has been able to sustain at this $5 all this while.. solid uh
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parimas8
Member |
19-Aug-2011 22:21
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master rotijai.  if dow closes up green tonite, this 5+ will hold for now. the charts looks alrite. many ppl having seen dow futures taking 200 did not think it will open positive within 30 min of opening. such is the intrixacity of the market.  fabulous.
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rotijai
Supreme |
19-Aug-2011 21:44
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agree master ipunter.. looks like i still got a lot to learn from u all :)
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rotijai
Supreme |
19-Aug-2011 21:41
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master gaecia.. nice analysis.. looks like i might be wrong this time :|
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Bintang
Elite |
19-Aug-2011 21:20
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After Genting SP broke the support at $1.83  , it went down rapidly n even gapped down today with heavy volume to $1.52 . It would go down to fill the gap at $1.47 very soon .
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iPunter
Supreme |
19-Aug-2011 21:16
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Your money management technique is good...       This is very important part of being a trader.                   Although diversification is good as a hedging tool,                             it would be preferable to limit one's targets in order                                     to be able enable one to stay focussed...                                               Some traders trade only one or two stocks...
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Gaecia
Elite |
19-Aug-2011 21:13
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Hav a nice break everyone!  The wkend's  a great  time to  reload  our lost meals @mid-day for the week.  Lol!  Remember to  have ice-cleam to de-stress & detox  the mind.   |
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Gaecia
Elite |
19-Aug-2011 21:01
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I think..  I need to take a step back from forum reading just for  my (own) sanity check. Maybe Gaecia is blur or abit  nuts in chart  interpretation but US charts is speaking to moi  to  be cautious  of an uptrend run (not time specific). Market will see  the  catalyst should it happen then.  I try not to be  caught up with  daily  shorting activities  relentlessly lest it becomes habitual  that any analysis  becomes cloudy (to me).  That said,  i'm currently  not holding any positions over  the weekend. I hope & pray that  Dow  can end the week  with a spinning top or long legged doji today.
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rotijai
Supreme |
19-Aug-2011 18:59
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master gaecia, a lot of ppl have been waiting to slaughter this wilmar.. but somehow dunno y it can support at 5+ so well.. see if monday it can survive the 5.. and i missed citydev.. sigh..
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rotijai
Supreme |
19-Aug-2011 18:54
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not yet.. not yet only 25% of my capital.. leave 25% for the sudden rebound to shock me.. leave 50% for the cfd rule (to cushion my shorts).. and all of those  cfd are only 30% of my $$.. still got 70% in my piggy bank :D
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muifan
Master |
19-Aug-2011 18:48
Yells: "Take the leap of faith dont regret 20 years later!" |
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fortune favours the brave.. and money scared cold... when one is on a winning streak, bird also become rooster kekeke
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