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But I doubt that people will sell when the market rallies.
This is because when the market does rally, everyone will turn bullish and upbeat!!!... 
I think tomorow the market will continue to fall. I was hoping for a dead cat bounce to get rid of some of my counters but I doubt it will happen.
yuppers. keep cool, base your decisions on proper fundamentals and/or technicals, and shut out the white noise of the market. 
DCA at this point in time allows you to profit if a rebound occurs (since no one can tell when the real rebound will be); whilst if it goes down further, it offers the opportunity to buy good stocks at better valuations.
i believe i've named abt 6 stocks already on this thread previously. for those who have been reading and trying to find clues. 
seriously though, those have FA backing. it's just keeping a clear mind and waiting for entry now. Patience is the name of the game.
Pls read the ARs and make your own, informed decisions, based on your own temperament. What's meat for one man may be poison for another. As with always, remember: you fire the gun, you bite the bullet. 
sthinvest ( Date: 29-Jun-2008 17:29) Posted:
| Do agree with your assessment on back to value investment in this market. Doing DCA while trying to find the bottom is way to go now. Many battered stocks are actually ready for picking.. |
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Do agree with your assessment on back to value investment in this market. Doing DCA while trying to find the bottom is way to go now. Many battered stocks are actually ready for picking..
agree actually. the past four trading sessions were net sell downs. short term pics have changed.
be very careful always of low volume situations: because all you need is one large BB selling, it induces margin calls and triggers automated trading systems. very, very easy to get caught. that's why i've been saying, go long term or intraday only. mid term is too wonky (1-3 mths); not worth the risk for the thin slicing you get. and that between longterm and intraday, i personally prefer longterm (>3 mth holding, likely 6 at least). i want to be able to sleep at night. haha.
note however on the counters that no reports have been issued out on, and where there's steady, quiet buying for two weeks or more. localized stocks shielded from the troubles of the US domestic industries. take care on the commodities; can expect volatility on them and sudden movements both ways.
when markets are bad, a return to value is in order. Graham principles apply in stock selection then.
tanglinboy ( Date: 29-Jun-2008 10:20) Posted:
I have a suspicion that the market is being cornered by big players right now. The market moves in unpredictable ways... for example the Dow drop 360 points on Thursday night but the next day, the STI only drop less than 30 points. The other regional indexes all drop like hell.
I think the intention is to give retail players the impression that the market is bottoming out.
What do you all think? |
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weeks ago, when there were bouyant DJ, STI reacted vigorously to it. hence u would see shortists everywhere. Then BBs made the most. Now, STI is calm, shortists hv no good ground for them to toy around leow. AK think BBs are unloading their holding and when finished, leave the market.
I got the same feeling. last two days, DOW drop 4%, SCI drop 5%,but STI only less than 1%.
next monday will be very critical. it may be the last chance for us retail player to escape.
Anyway ,I wish it drop a lot since I showed my hands already. ha ha
tanglinboy ( Date: 29-Jun-2008 10:20) Posted:
I have a suspicion that the market is being cornered by big players right now. The market moves in unpredictable ways... for example the Dow drop 360 points on Thursday night but the next day, the STI only drop less than 30 points. The other regional indexes all drop like hell.
I think the intention is to give retail players the impression that the market is bottoming out.
What do you all think? |
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I have a suspicion that the market is being cornered by big players right now. The market moves in unpredictable ways... for example the Dow drop 360 points on Thursday night but the next day, the STI only drop less than 30 points. The other regional indexes all drop like hell.
I think the intention is to give retail players the impression that the market is bottoming out.
What do you all think?
Wait and see for now .... everyday drop and with more and more bad news coming out ....
Straits Times Sat June 28,2008. STI & Asian bourses weaker on wall St crises after DOW 3% fall.
Last Friday afternoon limits buying drop to just 0.84% as oil prixes trading to new high of US142/-, analysts say further declines likely. For more info.....
http://news.asiaone.com/News/the%2BStraits%2BTimes/Story/A1Story20080628-73371.html
not yet...it is still early to say...until closing then we see the true picture...anyway we are living on a day-to-day basis market
AK_Francis ( Date: 28-Jun-2008 01:57) Posted:
| big wok, DJ after lunch now -144, jiat lat leow. next mon, ah??? |
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big wok, DJ after lunch now -144, jiat lat leow. next mon, ah???
hee. yea cashiertan. besides, can always opt to play the slot from 11 pm to 4 am. ties in nicely with the euro cup. my spanish hopes are still alive. 
HLJHLJ, yea... been thinking abt conducting courses..... don't wanna do the typical ones in singapore tho, like all those by investment agents/fund houses, where they just show you charts and tell you "if you invest for 15 years consistently, you'll make more", yet they never tell you about right stock selection, price, timeframe, which indicator for which stock, market/indi psychology, etcetc. I mean, it's got to be practical and applicable. not sure if it'd be popular/useful/in demand tho? 
ok, weekend's here. byebye!
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* Alert Admin
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yea, i miss those days too man. been boring for me since like, april.
that's
why i'm in forex now. haha. don't wanna do warrants, too volatile for
me. plus, with the indices at low points, can't short since may
rebound, can't long either since it's a very limited upside likely to
be destroyed by stale bulls at every resistance along the
way. (-_-").... ie, you either trade intraday or longterm now.
between
the two, i personally prefer the latter. the former requires too much
watching. besides, i don't wake up til 12 pm anyway. haha.
djia strongest support is 11,000. the previous W before the bull run years.
cyjjerry, SSE level is 2,000---that's when the chinese govt will step in to support it. we're a long way from there still tho.
yeah forex trader can sleep till 12pm if they wanted as major moves come usually after 3pm..
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Rambo, the jinx didn't come true, all happy.
rainbow9 ( Date: 27-Jun-2008 14:58) Posted:
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Elfin,
Wow... I don't mind being jobless and yet able to survive..How nice...ha.ha.ha.
You can give training courses on investments, trading etc. Set up company etc.
Why work for people? You have wealth of knowledge in this and can do something on your own. Trade day time and if market lulls, give courses to earn kopi money. How nice! Free and easy...
elfinchilde ( Date: 27-Jun-2008 15:12) Posted:
cathylmg, yups, not very far away. and yes, sometimes, swift downs are better, cos that means rebounds will occur. what is bad is when it's a consistent, slow down. because slow slides indicate inexorable decay into bears.
it's like throwing a ball downward fast vs slow.
stupidfool, no need to envy. the other side is that i'm jobless.  so DNApeh, that's your answer. haha. |
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cathylmg, yups, not very far away. and yes, sometimes, swift downs are better, cos that means rebounds will occur. what is bad is when it's a consistent, slow down. because slow slides indicate inexorable decay into bears.
it's like throwing a ball downward fast vs slow.
stupidfool, no need to envy. the other side is that i'm jobless.
so DNApeh, that's your answer. haha.
AK...Thank for the reply
Really envy you...wake up at 12 pm.
Wish i can also do that.
elfinchilde ( Date: 27-Jun-2008 14:35) Posted:
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yea, i miss those days too man. been boring for me since like, april.
that's why i'm in forex now. haha. don't wanna do warrants, too volatile for me. plus, with the indices at low points, can't short since may rebound, can't long either since it's a very limited upside likely to be destroyed by stale bulls at every resistance along the way. (-_-").... ie, you either trade intraday or longterm now.
between the two, i personally prefer the latter. the former requires too much watching. besides, i don't wake up til 12 pm anyway. haha.
djia strongest support is 11,000. the previous W before the bull run years.
cyjjerry, SSE level is 2,000---that's when the chinese govt will step in to support it. we're a long way from there still tho.
CWQuah ( Date: 27-Jun-2008 01:22) Posted:
Kinda miss those days when I could hold stock for more than 3 days to ride uptrends. Nowadays I'm fully out of stock, purely doing HSI warrants for intraday momentum plays. Otherwise just doing the occasional technical shorts/longs on volatile counters.
The days of easy money from stocks are over. I don't intend to run too much risk trading stocks not knowing exactly when a BB lurking around is just going to slam down a stock.
Dow made a new low of 11571, broke the previous low. Possible more downside coming soon for other mkts.
If only I held some HSI puts... damn!
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Hey, elf. Still haven't started new job yah?
