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STI
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maxsyn
Veteran |
30-Oct-2006 13:42
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target to close around neg 25 unless v positive or v neg news. |
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robinpang
Member |
30-Oct-2006 12:32
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selling overdone in the near term. | ||
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scotty
Senior |
30-Oct-2006 11:48
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wah... major lao sai today! | ||
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YongJiu
Veteran |
30-Oct-2006 10:55
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this morning opening it seem like the much anticipated correction has come.. will wait till afternoon to confirm the trend. |
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maxsyn
Veteran |
30-Oct-2006 09:41
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some counters are resilent to sell down, eg SPH,...may not that bad.... |
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singaporegal
Supreme |
30-Oct-2006 09:04
Yells: "Female TA nut" |
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Yes... it did open at -20 points. I think its a knee jerk reaction to the Dow. We'll see what happens in the afternoon. | ||
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cheongsl
Master |
30-Oct-2006 06:53
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find that Singapore market always predict what DOW's react, as it will correct earlier than what DOW's progress. Expect STI will open slightly low, but closed will be a question mark. | ||
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billywows
Elite |
29-Oct-2006 23:40
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As a side note to recall the mid-90's rally, units at Ardmore Park were going for $2,000 psf then. Now, more above $2,000 psf ..... No wonder STI is at record high now! Shiok but scary!!! | ||
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billywows
Elite |
29-Oct-2006 23:17
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My opinion that this could be the bottom of a peak with more chionging to come is because world markets are rallying due to strong corporate earnings, low oil and US rate pause. Traditionally, September & October are not chiong months. But they are now! So its like: "If you can't beat them, join them!" (heck care even though the timing is not right yet). That's why I expect this rally to substain and heighten further into early next year. (Going to be like the market cycle of the mid 90's and 2000 rallies?!!) My opinion again here that its bad timing to buy shares now when market is peaking as the margin is low and risky. As I had always said: Timing is crucial. The best time to buy was during the huge correction between May to August so as to position ourselves for this rally now. As for warrants and shortings, not my cup of tea lah. |
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robinpang
Member |
29-Oct-2006 21:46
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sector rotation? Monday, sell sell sell. lol. Those interested in making fast money from a correction can buy extremely volatile put warrants like
The banks stocks are overbought and probably will be shorted. However, extremely small caps like might be good buys since money coming out from these stocks will be channeled into small caps. |
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billywows
Elite |
29-Oct-2006 21:45
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Hmmm ... on the other side of the coin, STI may be at the bottom of the peak now - for all we know. Somehow, this rally is very different from April-May's rally. Now, strong corporate earnings, lower oil and rate pause can substain global markets' record highs. My take is STI will be GREEN tomorrow, despite US market's slight correction last Friday. And it may test its record high next week. Trade with care ya! |
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Uncletom
Member |
29-Oct-2006 21:00
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The way I see it is up move is not much, reward for buying now stocks now is definitely not worth the risk. But the reward for buying the put warrants or shorting the indices have a greater chance. Think about it, if it does not drop on Monday(unlikely), it will be Tuesday considering that we are at the peak of the mountain, and there is not much room to go higher except down! I am seeing the correction level at 2690 first and then covering 30% of my shorts. | ||
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maxsyn
Veteran |
29-Oct-2006 20:59
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overnight position for put is high risk at this juncture, still bullish, earning reports, med and small cap still got room to move up, can try but will clear position once move up 3 bids in case bull return |
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allantanhc
Veteran |
29-Oct-2006 20:13
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Be cautious in shorting. The underlying tone of the market is strong. Do not know how deep correction is going to be, assuming one is coming as early as tomorrow. At this point, buying STI put warrant is probably right. | ||
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Uncletom
Member |
29-Oct-2006 18:29
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For all it matters, we know STI is toppish and correction is due. All the indicators point that way and most of the stocks had a good run and again from the indicators they are overbought and tired. Shorting certain shares should be lucrative right now that had run too high is also viable on Monday and the rest of the week. Besides shorting the simsci, I am also buying the STI 2650ePW070227 put warrant. Don't miss the chance to ride the downtrend. | ||
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maxsyn
Veteran |
29-Oct-2006 16:17
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DOW expected to up despite last friday down.... | ||
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tanglinboy
Elite |
29-Oct-2006 11:41
Yells: "hello!" |
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STI may correct tommorow again because of Dow correction. robinpang, I agree with you! | ||
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robinpang
Member |
28-Oct-2006 19:21
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the STI corrected on friday before the dow close lower when markets open later in the US. This is interesting. Additionally, STI seems to be a laggard and has more potential for upside before a correction. 2780 can be reached before we expected any major movements downards. Wont be surprised if we see another week of sustained rally next week. ;-) | ||
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YongJiu
Veteran |
28-Oct-2006 18:30
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Hi cashiertan, look like you are extremely positive on STI =P | ||
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Uncletom
Member |
28-Oct-2006 11:41
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I am not so optimistic. Ain't it true we have to move down first in order to move higher? For next week, I will be loading up on STI 2650ePW070227 put warrant. With the pullback to about 2688, this should fetch a nice windfall. |
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