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STI to cross 3000 boosted by long-term investors
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joshlai86
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23-Apr-2007 10:27
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investors staying cautious?i dun think we'll see red,but if STI fails to breach 3400pts,upside is limited. | ||||
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xtrios
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23-Apr-2007 10:18
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yeah STI losing steam already... think we'll be seeing red by lunch time... | ||||
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joshlai86
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23-Apr-2007 10:01
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Any idea why STI lost abit of steam and below 3400pts now?profit taking? | ||||
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iPunter
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22-Apr-2007 21:30
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Selectivity is the keyword at this time... Betting small is okay, I suppose... :) |
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singaporegal
Supreme |
22-Apr-2007 19:48
Yells: "Female TA nut" |
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I think next week will be a good week! | ||||
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Eagles
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22-Apr-2007 11:55
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Market will still cheong, based on furthur US Strong Quarterly Earnings, McDionalds' gd results and others coming up. Spore Q1 results will also likely to add spark than spook for the coming weeks... Still some upside potential, but do be very selective and alert to all indices in case of surprises... Luck favours the bold...and the cautious. |
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chinkiasu
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22-Apr-2007 11:05
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i still am very suspicious.... I remain skeptical and cautious... I rather put my money in the bank... and go for holiday... | ||||
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teeth53
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22-Apr-2007 10:27
Yells: "don't learn through life, learn to grow with life " |
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Item 1) ST Index rose +69.39 points  to STI 3,360.67 points , riding on much better improved volume traded 4,113.7 million shares changed hands.
Market is going to hit new high in an unconvincing fashion, (all due to DOW hitting +153 points, on news of good earnings and inflation news), while relatively high volume shown above (Item 1, indicated in green) is more than likely to carry what would be desired to bring STI to new highs. 
Mean while DOW closed (Fri) on an all time high of 12,961.98 (+153) with a weekly gain of +2.77%, it surging prices in Wall St in DOW blue-chip index have put the 13,000 level within sight, will see some analysts appproach with a more cautious commentaries.  
Meanwhile broad market S&P's 500 index rallied up +2.17% to end the week at a 6.5 years record of 1,484.35, it all time high is 1,526.39
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iPunter
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22-Apr-2007 09:28
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Although China's bull run is still reported to be hot, I also read in the papers two days ago about the VN market which is retreating. Maybe it will be beneficial to take note of this too.
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iPunter
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22-Apr-2007 09:24
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It is always better to be extra cautious and remember that bull markets won't last forever. |
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Robert
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22-Apr-2007 08:17
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Oh ya. Just listen to ah soh's gossip... tons of info. | ||||
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harryp
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22-Apr-2007 06:21
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Hi Robert, Very true - guts, patients and wisdoms. Btw any tips from the tai tais and ah sohs? .... :) |
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Robert
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21-Apr-2007 22:48
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We need more of these circles to cheong the price up so that the eagles can benefit. That's how the fastest sparrow gain their bird food $$$, slower sparrows get swallowed up by the eagles (a better meal). To strike big in the stock market is not impossible... it comes with guts, patients and wisdoms.
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davecsh
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21-Apr-2007 22:14
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Bull run 'likely' to continue By Xin Zhiming (China Daily ) Updated: 2007-04-21 09:00 China's stock market is likely to remain bullish for the rest of the year, according to participants at a forum of the Chinese Academy of Social Sciences (CASS). Wang Guogang and He Xuqiang, researchers with the CASS Institute of Finance and Banking, released their report on the capital market at the forum, which took place in Beijing on Friday. Their report was published in the CASS quarterly Blue Book on the Chinese economy, one of the longest in the collection of 12 research papers. Also on Friday, the Shanghai Composite Index shot up by 3.9 percent (or 135 points) to 3,584 points, despite two major falls since the beginning of the year one on February 27 and the other on Thursday in anticipation of central government concern that the economy may be overheating. But despite the increasing likelihood of Beijing introducing more measures to slow GDP growth (11.1 percent per annum), general economic conditions will remain favorable to investors, the two CASS economists said. As the government pursues "good and fast" economic growth, Chinese listed companies are more likely to see high profits, providing solid support for their stock prices, Wang and He said. Their view was shared by fellow CASS economists Li Yang and Peng Xingyun in their joint report on the financial system. The market is awash with capital and the excess liquidity is unlikely to be significantly reduced despite the central government's attempt to slow down growth, they said. In the meantime, the renminbi revaluation process will continue and international investors will see a double incentive to pursue the domestic A-share market. But the researchers acknowledged risks still exist for investors, with the price-to-earnings ratio of the Chinese market hitting 40 much higher than the average level of other stock markets. Chinese investors seem undeterred. The nation's new stock trading accounts exceeded 90 million on Thursday, according to the China Securities Depository and Clearing Co Ltd. This number is about 7 percent of China's population. On Thursday alone, 634,000 new investors rushed to stockbrokers to open accounts. The previous day, 345,000 accounts were opened. So far this year 11.7 million new accounts have been opened, more than double the number for 2006. (China Daily 04/21/2007 page1) http://www.chinadaily.com.cn/bizchina/2007-04/21/content_856311.htm | ||||
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iPunter
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21-Apr-2007 18:14
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Presently, the blue chips are mostly very high already, so like Victorian said in another thread... it's penny play time now. |
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Robert
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21-Apr-2007 11:52
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Those are not investors.... but Punters & momentum traders, who think they have make the right choice by buying an expensive stock. When the swingers come in and make a fool out of them... then they kallang kapo. It's like watching a circus.
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singaporegal
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21-Apr-2007 11:24
Yells: "Female TA nut" |
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Monday will be another terrific day for STI. The Dow was up 153 points last night! |
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AhBear
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21-Apr-2007 10:00
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should be closing up to 3400 which is the resistance level before the Thurs plunge :P | ||||
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iPunter
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21-Apr-2007 05:26
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Monday should be a "Cheong Arhh!" day for the STI... :)
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victorf
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21-Apr-2007 00:07
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things will be clear and stable after 27th April...yesterday, the bear won one round, and today the bull won one round...very uncertain Singapore's market when the bulls in US as said is moving up but Singapore market is slight decoupled from US sentiment..let's see whether the bull and bear will prevail in the next few days before 27th April which is crucial for seeing the trend..good luck
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