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STI to cross 3000 boosted by long-term investors
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j3r0m3
Veteran |
06-Mar-2007 08:44
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i also hope to see STI rise today, just hoping that Nikkei holds up. Its now up 57 pts |
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YongJiu
Veteran |
06-Mar-2007 08:40
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hi jack I understand your concern, but I also hope to see what tan888 is expecting..... let me see some rise first so that I can offload some of my holding then slowly it will correct to 2800 level |
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jackjames
Elite |
06-Mar-2007 08:32
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ha ha.. exciting man... you say UP, I said DOWN.. don't know la.. Maybe US should changed their DOW JONES, to UP JONES mah.. |
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l_tan888
Senior |
06-Mar-2007 08:17
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Potential for the STI to rise today. NIKKEI is presently up 125 pts and the Yen falls 0.24 against the US$. |
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allantanhc
Veteran |
05-Mar-2007 23:31
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Between 26 Feb and today, STI has dropped 337 points or about 32% of the total gain of 1042 points between 15 Jun 06 and 26 Feb 07. Using Fibonacci's projection, a crucial support point is at 2920 i.e. 38.2% retracement from the peak. It is believed that a rebounce can happen when that is hit. This afternoon's rebounce from 2931 to close at 2982 could be seen in that perspective. Hopefully, the 2920 level can provide a strong enough support to arrest the fall. Once that level is penetrated, we may see STI moving towards 2800 points i.e. the 50% retracement level. Dow seems to stabilise tonight and is making a small gain of 25 points at the point of writing while Nasdaq is flat. Hope US Market will hold up and we at least can see a much needed technical rebounce tomorrow. |
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Livermore
Master |
05-Mar-2007 22:55
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Sometimes I use what I call my share cornering strategy. If you wish to pick up shares now, spread your buys with some price difference. Give you an example.
Swissco is now 54c. If you have 50 lots to buy and you buy 5 lots at 54c, 5 lots at 44c, 5 lots at 34c, 5 lots at 24c, you have only used 20 lots. You will eventually "corner" the share price. This is just an illustration and you can fine tune this stategy accordingly to your style. The main point I am driving at is I NEVER put all your lots at one price.
Alternatvely you can wait till the "dust" settle, then start the "cornering strategy".
ASL Marine consolidation price was at 90c and now it is 87c. From experience, it is safest to start your buy when the share price is at a consolidation phase.
But if you wish to catch a "falling knife" use the strategy illustrated above. You spread your buys and the share price really has no where to go.
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cashiertan
Elite |
05-Mar-2007 22:42
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hmmm by right yes, by left no.. started a new job so have no internet access. told my broker but he is busy trading himself and helping other client cut lost... so i am now happy not entering and shorting the market.. will enter again when market is bottomed.. anyway, just notice dow. STI is not that impt.. |
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Livermore
Master |
05-Mar-2007 22:14
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For those intending to pick up, spread yours buys with with some price difference. It is less risky that way. Some marine stocks offer good value now:) |
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lookcc
Master |
05-Mar-2007 21:50
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my take is dow may end minus less than 30, hope i hit it right...my take may appear stupid to almost all reading this. |
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lookcc
Master |
05-Mar-2007 21:44
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good for you, spurs88, u probably r able 2 control your greed n fear. |
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rickytan
Veteran |
05-Mar-2007 21:37
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I wonder whether Cashiertan is also very well during this correction. If I remember correctly, he also mentioned that he made more money during the bear market than the bull market.... |
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geojam
Member |
05-Mar-2007 21:33
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spurs88 Congrats. U may have won the battle but not the war. |
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choohian
Senior |
05-Mar-2007 21:11
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spurs88 Good for you. |
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spurs88
Senior |
05-Mar-2007 20:50
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Wah, thanks to the panic selling, managed to short and buy and also managed to grap somemore of those undervalued stocks I have been eyeing.........have been making incredible money since last week.....in fact more than I made when stocks were rising........ |
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tanglinboy
Elite |
05-Mar-2007 14:43
Yells: "hello!" |
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STI is now down 140 points ... this drop is even worse than last week's one. |
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newmoon
Veteran |
05-Mar-2007 12:15
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Correction-Typing error-Armstrong's high date was 27/02/2007
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m34567
Member |
05-Mar-2007 12:11
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such is the market; many who entered and chased the markets in last 3 to 6 months would be licking wounds now, and from all walks of life, young or old falling knifes and all and etc would be the order of the day; easy money can never be made; PRUDENCE must be the order of the day and always so in the financial markets the signals were there when students and all ... and proclaimed savviness and the guidance they gave suggests a "market top" are we are nearing the end of the ROUT ...maybe so but the recovery may be long and fundametals and valuations must always prevail as we gear up for the next phase .... GOOD LUCK and CHEERS |
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newmoon
Veteran |
05-Mar-2007 12:11
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Quote of the day
"Two things are infinite: the universe and human stupidity; and I am not sure about the universe" Albert Einstein. The STI crossed below 3000 America is an empire of debt-no one knows what a dollar is worth According to Armstrong the next low is on 2008.225 . The high was on 2007.15-27/07/2007 Good luck to all who understand the value of paper money. |
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SavvyInvestor
Member |
05-Mar-2007 11:55
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Bloody is not a good word to describe.. ITS A MASSACRE!! |
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august
Senior |
05-Mar-2007 11:50
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thanks ! it's blood all over asia ?!?! |
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