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too much honey causes on to get stung
It makes sense for bargain hunters to come in now. Market is forward looking. Sometimes it makes no sense at all because the present data is no more effective to Mr Market. It anticipates months ahead! Some papers are already anticipating a rebound soon (only thing is that they don't know when). Read Sunday papers by Joseph Chong.
ozone2002 ( Date: 07-Jul-2008 16:24) Posted:
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woohoo markets up on high crude oil USD$145+,ailing US economy+UK slumping home prices..that will affect the whole world,super duper inflation that will squeeze margins from companies..
go figure that out! BULLSHIT i tell ya
Maybe technical rebound.... maybe the bull is coming back.....
STI out performed today, now up 54.27. The unexpected of the unexpected???? Really, don't understand loh?
Do not load puts overnight. There is a regional trend change.
Green with damn tiny weeny low vol - put warrants
Red - take profit from ur put warrant :):):):):)
GREEN- SELL
RED- DON'T BUY
Wow, sure look pretti green to me now, even other red mkts this morning now look green.
CHINESE ECONOMY in TROUBLE
www.nakedcapitalism.com:2008:07:oil-price-shock-means-china-is-at-risk.html.webloc
Who wants to be a CRASH test Dummy ? :)
ozone, just waiting to load up on puts again eh? hehe.
gungho scalpers, pick your counters well and run fast, if you haven't ran already.
i'm nicely sitting out. cheers. :)
RPT-GLOBAL MARKETS-Asia stocks fall for 7th day, oil under $145
* Asia, U.S., Europe stock markets all in bear market
* Earnings views could change because of stagflation
* Oil slips under $145 but Iran tensions remain
Shares in the Asia-Pacific region traded outside of Japan fell 0.2 percent, according to an MSCI index <.MSCIAPJ>, and were at their lowest since August 2007 when trouble in the U.S. subprime mortgage market turned into a full-blown credit crisis.
Greater China markets outperformed, with the Shanghai Composite <.SSEC> jumping 4 percent on hopes the index had found a floor after bouncing from near its February 2007 low last week.
Hong Kong's Hang Seng index <.HSI> gained 1.3 percent, helped by banks such as China Merchants Bank <3968.HK><6013968.SS>, which forecast on Friday its first-half net profit more than doubled, following a positive earnings comment from Industrial & Commercial Bank of China on Thursday <1398.HK>.
South Korea's benchmark index <.KS11> fell 0.8 percent, dragged down by high-profile exporters such as Samsung Electronics <005930.KS> and Hyundai Motor <005380.KS>.
2928 will be the resistance. Dun expect this rally to be very sustainable. Shld close slightly positive though. May be a small tech rebound.
be ware of profit taking in pm trading. DJ last Fri closed, tonite will give direction.
STI on the warpath! chionging on such low vol.. u know what happens after tat
- The weakness in the stock market has led to a surge in buyback activity and heavy sales by institutional shareholders.
Today will be another quiet day. All will be waiting for direction from the Dow tonight.
PUT warrant, good luck to all.
Will STI slip on Monday again ? yes, i think so... with the high rising oil px... what shall we do ..? PUT warrant ? hehe