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heya redash, no prob. :)
freddie and fannie article: http://bloomberg.com/apps/news?pid=20601087&refer=home&sid=aWbut4slfr_4 --this is where i got the figures of 75bil and the little fact that they own nearly half of the US mortage market of 12 trillion. plus a day or so ago, one analyst had said that the two coys were "practically insolvent". If these don't raise alarm bells in your head, nothing will. Note date of article: 7th jul.
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oil and gold pxes can be gotten off money.cnn.com.
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gold BUSD: check today's data. you'll see a lot of X trades. they're mostly buy ups, because the queue shifts higher aft. indication of buying from seller. bullish sign. note that gold traditionally moves counter to stocks. so when gold rises (esp like today, $13 in one day) and stocks rise, it's the surest sign of an unsustainable rally.
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a lot of counters going up and up: are you sure it is a broad based recovery, or is it merely rotational play? Volume is key: what was the volume traded on SGX last year, and now? A rally is defined as a broad based one, on sustained volume and sustained increases. Not up, then down to flat, and up again.
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BB 'ganging up'. Look up the structure of a brokerage/fund house. Who plays? How do they play? The concept of BBs should not just a nebulous one. Concretize it.
All i can say is, never underestimate the power of Big Money.
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final tip: BB also have one saying: buy on rumor, sell on news.
cheers.
hehe, stupidfool, i consider those as evidence.
the point is, if you disagree, say it out, nicely, rather than just giving a bad post rating. that's a coward's way of doing things. alternatively, it's simply that one's being childish, and by hiding behind the anonymity, you gain a temporary pleasure/vindication out of giving someone a bad mark just because he/she disagreed with something you believe in.
which really, says a lot about one's character, or lack thereof.
And if we were to extrapolate it: what do we teach our children this way? that if you disagree with or are unhappy about something, you just hide and do 'sneak attacks'? No wonder we're a nation of closet complainers. We don't even dare to speak out for ourselves.
This has got to be one of the things i dislike most about being singaporean. No guts to stand up for your own opinion. Though i guess, it boils down to our culture that only accepts success/right and not failure/wrong.
If you truly believe in something, speak out for it. If you truly believe in something, stand up for it.
And if one doesn't dare to, it perhaps simply means that one never believed in it.
In which case, what is it but a life of blind obedience? How many of us truly live, rather than just exist? How many of us have our own minds, and are capable of independent thought? Or do we merely follow the rules of society, and cast down and criticise those who are independent sparks? It's the singaporean way to just be armchair critics. But what's life without enthusiasm and fire; that's simply "ahhh, like that lor. can't do anything." "He's so stupid to stand out. Why bother."
What is that but apathy and complacent criticism.
There's the thought for the weekend. hehe.
wheee! playtime. let's hope i can earn a little agouti guinea pig sometime. they're adorable!
the US is rising on bad news. a bailout of freddie and fannie would require at least USD 75 bil. that'd suck up all the liquidity from the market. oil has risen $5, gold has jumped $13: go look at the BUSD for gold today: 400 lots sold, 4,000 lots bought. Majority married trades.
Sry Elfin, not doubting ya but can provide source for above info? I cant find them on the web (sry search for 1hr+) no relevant info...
Btw I thought married trades are good for counters... from what I read up - they can mean insider movement.. is there anything I miss?
Sry Elfin not against ya, but One thing I see trouble accepting is that, so many counters are going up and up... you mean majority of the BB gang up to "cook" the market? I do not know about those stuff cuz they are more FA-sided... and I understood FA can be only trust 50% of the time.. which is different from TA
Somehow I see differently, the market looks pretty positive. Well I may be wrong, but even HongX is gaining, which kinda make sense to me since the Beijing O'game is around the corner...
I tends to side that the BB are jumping on the coming Beijing O'game Wave first... cuz One thing for sure, BB always act 1 step faster than others... nonetheless, lets the market speaks for itself next week... btw 2 weeks ++ more the Beijing O'game!
:^D
elfinchilde ( Date: 11-Jul-2008 17:41) Posted:
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Not all postings have to or can be supported by evidence.Sometimes a person can make a call through experience or some logical derivation.
elfinchilde ( Date: 11-Jul-2008 18:32) Posted:
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hehe,
to onesharer for posting a reply.
and in case anyone's thinking i'm being a sot elf (which really, is what i usually am
), nopers.
am doing so cos i think, as responsible investors, we should have the guts to put out what our opinions are, nevermind if they are right or wrong. Because the aim of a forum is to share ideas and information, even contradictory ones. And if people just give good/bad ratings, it often doesn't mean anything other than 2, 3, or 4 (of the reasons onesharer gave in post below). If it's 1, it should be posted out, since there may be valid reasons for disagreement: if you don't post out the reason, but just give a rating, what are people suppose to infer from that? there is no reason given.
eg, some of the forumers whom i respect here, even tho my calls may not always agree with them, are people like bengster (on the biosensors thread) and cashiertan, and singaporegal too. because they dare to put out what they really think, and have evidence to support it.
it's not about being right or wrong, most of us are small fries with no additional info, and are just learning. So it's about sharing so that everyone can learn.
that's where it's a positive experience.
who are the kind of people who keep giving bad post ratings just because we're warning people to be cautious? if you've got evidence, post it out and give your opinion.
or what, keep calling "cheeonnngg ah!" and "huatt ahhhhh" despite evidence to the contrary? zhong1 yan2 ni4 er3.
let's be rational. markets move on emotions: all the more, if you're a good trader, you have to be completely, brutally, rational.
DJIA has Gen Motors reporting tonight; trade balance and UoM data are also out. DJIA is rangebound. it needs to break out of 11,100-11,400 either way decisively. til then, it is not a buy nor sell signal.
local market has been 'cooked' this past week. it isn't foreign players in; it's local BBs. yl ran from 1.7 to 2.1. CE from 40.5 to 48.5. Li heng from 50 to 60. swiber from 2.01 to 2.24. approx 25% profit in three days.
if you were in, tell me, logically, would you still hold it over the weekend?
fast scalps need a rapid trading mentality. never be the one left holding the baby at the end.