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STI to cross 3000 boosted by long-term investors
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shplayer
Elite |
27-Feb-2007 16:52
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Vaseline sales will be up....to soothe the burnt fingers....ooch!!!! Those who shorted this morning will be laughing. Those who bought on contra the past few day, be prepared to pick it up...or else accept the contra loses. Can't say this was unexpected........its been coming for sometime.....timely lesson for the over exuberance of the past few weeks. |
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l_tan888
Senior |
27-Feb-2007 16:37
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Wow, Shanghai today crashed 8.8% (268 pts). Those Chinese coming back from the New Year must be shocked of their lives. |
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l_tan888
Senior |
27-Feb-2007 15:16
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Now at 3.15pm, the STI is down 85 pts. Unless you are shortiests, I won't advice to go in. There will be better times. Patience is the rule of the game now. |
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huatchai
Member |
27-Feb-2007 15:10
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is this a good time to pick some stocks up or shd we wait n see abit longer. i heard sometimes they just have minor corrections before a bigger bloodbath. anyone can advice wat are good stocks to pick up? |
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Bandymac
Member |
27-Feb-2007 15:03
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Haven't seen so many REDS since may06. |
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pikachu
Veteran |
27-Feb-2007 14:58
Yells: "Holy Cow!" |
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Wah piang eh.... this is a blood bath... |
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mirage
Veteran |
27-Feb-2007 14:14
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Quotes: "Dealers today were gripped with all sorts of explanations for the precipitous selling on the borse - 'month end portfolio adjustments', 'page 9 of the Today paper, comparing Asia to the pre-Asian crisis period in 1997' and 'possibility of an escalation of tensions between Iran and the US' were some reasons. Some fund managers were simply unmoved by the 'noise' adding that 'a correction was possible' and 'money flows into the local bourse was still intact'." |
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mirage
Veteran |
27-Feb-2007 13:47
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Calling all SJ members, gurus, veterans, elite members, etc, STI has drop more than 58 points since this morning, is this a "healthy" correction? or beginning of a major corrections. Most factors in the markets seems to be negative. Any suggestions, what actions to take?? Any views??? |
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Sporeguy
Elite |
27-Feb-2007 13:38
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Using MA21, the support should be around 3200. Since Sept 2006, the STI has not gone below MA21. Anything below that means real correction. |
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billywows
Elite |
27-Feb-2007 13:26
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This is last week of February! US Q4 GDP to be out tomorrow (28th). This is also the 1st week of March and US housing data will be out too. Trade with care ya ... |
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newmoon
Veteran |
27-Feb-2007 13:05
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If you take Greenspan's remarks too lightly you could lose your undewear as well.
When the oracle speaks you had better beware of the ides of march. Singaporeans are fixated on STI 3600 as though it was carved in stone. |
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sohguanh
Veteran |
27-Feb-2007 12:42
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Lose pants but still got underwear inside safe leh. Unless underwear also lose then hehehehe.... |
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gadrj76
Member |
27-Feb-2007 12:41
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Come on... let's leave the old man alone... STI has been climbing... it is also about time to have some correction... good opportunity to enter again... |
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newmoon
Veteran |
27-Feb-2007 12:26
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The market is ultra sensitive to bad news .
If you trade without a stop loss and based on hope you could lose your pants |
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l_tan888
Senior |
27-Feb-2007 12:24
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Sometimes, I wonder why he doesn't leaves his job "cleanly"? |
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l_tan888
Senior |
27-Feb-2007 12:24
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Sometimes, I wonder why he doesn't leaves his job "cleanly"? |
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EastonBay
Master |
27-Feb-2007 12:00
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Thanks but no thanks to Alan Greenspan with his comments 2 days ago, I think. |
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l_tan888
Senior |
27-Feb-2007 11:51
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It's going to be a rough ride today, but ironically, the NIKKEI and Taiwan are still holding on with minimal loss. DOW futures are only up 1 pt, not too prospective I would say. This afternoon Europe's opening will further decide on the STI. |
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alexpenel
Member |
27-Feb-2007 11:45
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STI now 3243 liao. Down abt 64 points |
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Sporeguy
Elite |
27-Feb-2007 11:38
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Support should be around 13 MA, i.e 3250 |
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