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Financial Marketing Melting Round 2
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crimson
Senior |
16-Jan-2009 10:35
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Things looking up because of technical rebound lah... next week's obama/budget won't have much impact of a rally...
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rabbitfoot
Veteran |
16-Jan-2009 10:08
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Things are looking up now ! Load up, Put on the seat belt for the Tripple Rallies next week .... | ||||
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equator2010
Senior |
16-Jan-2009 10:03
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Thanks for your warning. We need people like you to give us a reality check, especially with positively biased news around us. Much appreciated. Happy new year.
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AK_Francis
Supreme |
16-Jan-2009 09:58
Yells: "Happy go lucky, cheers." |
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Yoh brother, hd rcv your Tsunami Alert. Hd picked up some good fishes n crabs at d beach. Will cook them b4 CNY loh or even earlier next week liao. Kong Xi Fa Chai. Cheers
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hotstock
Veteran |
16-Jan-2009 08:57
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HI All, I did warn ppl in different forums. Before budget announcement day, it is best to sell into strength if you are buying the last few days. Yes paper loss is huge given the drop from 1950 to 1700. That why I said before do not buy into the news you read in our paper. Not only research analyst, even your newsfeed cannot be trusted especially they try to be bullish MFT. Yes it is good to portray optimism but do not add fire into a burning market. Feel good sentiment will prevalent the next few days but do count on it. Stay out and enjoy a happy and feel ease CNY. |
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Hulumas
Supreme |
15-Jan-2009 19:28
Yells: "INVEST but not TRADE please!" |
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Sti will test 10,000 in 2009, if your message was wrong below. Ha... ha... ha..
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Hulumas
Supreme |
15-Jan-2009 19:24
Yells: "INVEST but not TRADE please!" |
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Why did not you post it last 10 days, as such we did not buy any counter with presented paper loss by today? Should we cut loss at today price level?
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hotstock
Veteran |
15-Jan-2009 18:04
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I am glad at least STI hold a touch above water of 1700 mark. Let see if STI reaches 1650 tomorrow. The next support level appears to be 1600 |
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hotstock
Veteran |
15-Jan-2009 14:29
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A few things that are quite sure: 1. The hole in US Financial market is very deep and it is impossible to recover from a stab so easily. Restructuring causes deconsolidation and this entails conservative business strategy which would make the recovery a long and slow one. 2. Possible of legal lawsuit as a result of this subprime fallout and eventual all the CXO products. We still have not heard one brought to court yet. So the settlement is expected to be another huge hole. 3. What can Fed and Central Bankers do? Interest rate is rock bottom, bailout not effective as thought. More bailout, more $$ injection. When to stop? 4. Local economy has not been spared. Waiting for budget announcement? I do not see much impact. Forget about multiplier effect. The equation will tend towards saving instead of consumption. Playing with the equation will not take effect immediately. 5. Just took a peep at the STI and see some buying goes on. Yes there is always someone selling, otherwise no buyer around. Do not see this sharp drop a buying opportunity. So wat if next week is the budget day. Especially for weak hand, stay out and conserve you cash. Wait for the reporting to be over and assess the situation. It is not worth the risk if you calculate it yourself. | ||||
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tchoonw
Veteran |
15-Jan-2009 14:21
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sti will test 1000 in 2009 if you message is true below!
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hotstock
Veteran |
15-Jan-2009 14:15
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We have entered into the Phase 2 of Financial Meltdown. I believe the off-balance sheet losses in US banks are starting to feature on the bottom line as I suspected more and balloon losses for Q4. Asia market melts this morning and STI has broken through support with ease. Those who still hold on better watch out. |
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