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i think tonight is extremely crucial for DOW...it will define whether its time to short or quickly buy again...
a point of definition...the real answer will only be known when we wake up tomorrow morning (...unless u r filled with worries till can't sleep)...nvm...Vesak Day is coming on the 19th May...can go pray
good luck to one and all ...cheers~
AFX news- Asian market expected to fall next week as inflation concerns build.
So does UOB.
Lucky never short, was tempted to do it this morning. The last minute pull up due to shortist covering?
Anyone any suggestion what to do next week? Better watch what happen to DOW tonite first.
A good weekend to all!!!
SingTel pulled up during late show time, attributed to the less drop.
jux outta curiousity...anyone naked short today?
i was expecting the STI to close below 3150 level...really quite surprise to see it end at 3162 today
Now is show time, ref EU, own time own targets carry on leow.
since oil is now the concern...here's a latest news article that came out in the afternoon from Straits Times:
Survey says oil and gas executives see oil prices falling
HOUSTON - EVEN as oil prices ascended to new highs of more than US$124 (S$169.70) a barrel this week, many oil and gas industry executives say they expect the price to fall significantly by year's end, a new survey shows.
55 per cent of 372 petroleum industry executives surveyed by KPMG LLP said they think the price of a barrel of crude will drop below US$100 by the end of the year. 21 per cent of respondents predicted a barrel of oil will end the year between US$101 and US$110, while 15 per cent forecast the year-end price to be between US$111 and US$120 a barrel.
9 per cent said they expect the price to close the year where it's been this week - above US$120 a barrel.
What's more, 44 per cent of the executives said their companies plan to increase capital spending on exploration and production by 10 per cent during the next year.
The survey was conducted last month and scheduled for release Friday. Participants included executives for major oil companies, independent exploration and production outfits and other energy companies.
'The expectation of increased investment by US energy companies shows oil and gas executives are deeply concerned about energy security,' said Mr Bill Kimble, who oversees the global energy institute at KPMG, the audit, tax and advisory firm.
Of late, all eyes have been on crude prices, which have nearly doubled in the past year. The dollar's decline against the euro and other foreign currencies has helped spur the rise, attracting investors looking for a hedge against inflation.
Rising demand for oil from the rapidly developing economies of China and India has played a role too, as have concerns about tighter supplies. Indeed, 63 per cent of survey participants said growing demand in emerging markets was the main factor in the historic rise in oil prices.
Widely watched oil price prognosticator Goldman Sachs said this week oil prices could rise to US$150 to US$200 within two years; others say crude could plummet to as low as US$40 or US$50 a barrel during the same period.
'To be sure, the future does not unfold neatly in line with any projection, and the time frame of the actual price surge has been remarkably short,' Cambridge Energy Research Associates said in a report this week.
Asked what would most enhance US energy security, participants overwhelmingly said opening up more acreage for domestic drilling was the best option. In particular, 43 per cent said the Arctic National Wildlife Refuge should be opened for drilling. Another 28 per cent said more investment in renewable energy sources such as biodiesel would enhance US energy security the most.
However, even though many of the executives support further investment in renewable energy sources, the majority still don't view renewables as a serious near-term solution to the energy supply equation.
In last year's survey, 60 per cent of 553 petroleum industry executives said large-scale production of renewable fuels was not a near-term possibility, at least not in the next couple of years.
In the most-recent survey, 54 per cent gave the same response, though 2015 was the target date. -- AP
yawwwwn...I am falling asleep liao...
HSI drops almost 2%, will STI also drop by this % ?
oil problem rather very scary now US124.63 up 0.94cts (0.76%) - record up liao. Buy now if you dare, if oil bubble burst - ho say liao.....just my opinion....yr $$ yr choice....high risk high reward...trade at yr own risk..........GOOD LUCK TO YOU & ME!!!
scotty ( Date: 09-May-2008 14:10) Posted:
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STI break another confident level 3150 now. Be caution! This is my little advice.
http://www.freewebs.com/henryhts
So last time it was sub-prime problem. Now it is oil problem.
Sianz...
here's just some news updates from Straits Times:
Oil's relentless surge to a new peak above US$124 (S$170) weighed on Asian shares on Friday, while a stronger yen pressured Japanese exporters, such as Toyota Motor.
The euro held onto its gains after bouncing back from a two-month low against the dollar on Thursday when the head of the European Central Bank dampened some expectations for rate cuts by signalling that fighting inflation was his top concern.
Japanese government bonds surged as investors rushed to lock in relatively high yields. Crude oil?s record breaking run had kept stocks on the back foot earlier this week as investors digested the prospect of what Goldman Sachs predicted could be a new spike to US$200 a barrel.
By 9.58am Singapore time, crude was up 61 cents at US$124.34 a barrel, having hit an intraday record of US$124.61 in after-hours electronic trading late in the New York day.
Despite rising oil prices, Wall Street found support on increased optimism that the US economy, while softening, was not altogether cracking under the strain of the subprime crisis.
The Dow Jones industrial average rose 0.4 per cent, while the Nasdaq Composite Index added 0.5 per cent. In Europe, shares fell slightly as both the ECB and the Bank of England kept rates on hold.
KUALA LUMPUR
The Kuala Lumpur Composite Index was at 1,283.27, up 2.92 points, at midday.
SHANGHAI
Chinese share prices ended Friday morning trade 1.93 per cent lower led by banks and property developers in nervous trade ahead of the release of April inflation data, dealers said.
Shares opened higher following Ping An's promise to delay fund raising activities, but inflation concerns weakened real estate and bank stocks, erasing the early gains.
The benchmark Shanghai Composite Index, which covers A and B shares, was down 70.58 points to 3,586.26.
The Shanghai A-share index shed 74.21 points or 1.93 per cent to 3,762.87 points, while the Shenzhen A share index fell 14.37 points or 1.24 per cent to 1,143.63.
The Shanghai A-share index gained 12.57 points or 0.33 percent to 3,849.65 points, while the Shenzhen A-share index added 8.95 points or 0.77 percent to 1,166.95
HONG KONG
Hong Kong share prices finished the morning sharply down 1.62 per cent, dragged lower by falls on mainland bourses, record oil prices and losses in heavyweight HSBC, dealers said.
The Hang Seng index ended the morning down 411.73 points at 25,038.06, off a low of 24,923.80 and a high of 25,483.76.
Turnover was 44.70 billion Hong Kong dollars (5.73 billion US).
Investors were also cautious as the market will be closed on Monday for a public holiday.
TOKYO
Japanese share prices fell 0.91 per cent in morning trade on Friday, weighed down by disappointing results from auto giant Toyota and by a stronger yen, which is bad for exporters, dealers said.
The benchmark Nikkei-225 index fell 127.58 points to 13,815.68 by the lunch break.
The broader Topix index of all first-section shares dropped 14.35 points or 1.05 percent to 1,358.60 -- REUTERS, AFP
Thank you for the rose. 
AK_Francis ( Date: 09-May-2008 11:12) Posted:
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HSI dw 480 .......
Run! Run with all out!!
maybe can buy a few lots of shares for mother today and hope it will go up on Monday and sell..tt will be a delightful mother's day present~! hehee~ 
AK_Francis ( Date: 09-May-2008 11:12) Posted:
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Yah, don't trust the ang mohs leow. They are the burgers to create knee jerking news here and there. AK immuned alrdy.
Tks today is TGIF again,though market stagnant, its still a good day for all, esp for the mothers' forumers. Wishing you all a very happy and prospourous Mother's Day this coming Sun. A flying stock of rose each for all Mothers. Cheers.