Straits Times Index   

STI to cross 3000 boosted by long-term investors

Because of US sub-prime problem.....that's why so quiet.

 

tody volume is low..

 

noble TA look mixed to me thou bias more toward bear,

jade look interesting. may get some movement today or tomolo. up or down not confirmed

 

Wah piang... market is so quiet today. How come? Is it because of the start of school holiday?

 

Farmer... :)

hehehe...

Livermore... :)

Noble Grp has 'broken down' technically!...

 

There are 2 ways one can do with stocks with long term potential

1. Just hold

2. Buy and sell during the up and down cycle of correction

If you choose either 1 or 2, much of the gains are made from 90c to now above $2 like for Noble Group  

 

Mani...I've to admit that u not only knows how to carry...u also have master the art of selling too!

A good system for investors, a good strategy for punters/traders, a good dog/cat for owners and ultimately..............a good  profit for the winners! 

 

Good if you could read pages 32 and 33 of Today's Sunday Times.

 

From one year ago till now, there have been lots of volatility. I cannot remember the months of the market crashes. I think Feb and Aug of this year. Despite all this volatility some of the shares like Noble Group have gone from 90c to now above $2. 

 

Sometimes when you trade too much, you might never remember to buy back the share.

 

Good luck!

 

Farmer... :)

I agree with you ... and I think all that talk is purely of academic interest only and does not help one
survive the stock market, ie. of no practical use...

To survive in the stock market, what one needs is a strategy (not just a system) such as taught in ...

"Stock Market Genie"...

 

Read carefully again, this so call most important ability a bit contradict to the first one: One, the ability to buy stocks while others are panicking, and the ability to sell at a time when other investors are euphoric.....?

 

Business Times 17 Nov 07 - Reading This Won't Make You Great Mark Sellers, founder of a Chicago based hedge fund, argues that the best investors are born with particular psychological traits that others can never learn.

 

There are 7 traits that the writer mentioned but the article is too long for me to type out. Just share one important and rarest trait of all : the ability to live through volatility without changing your investment thought process. Below is copied direct from Buisness Times.



This said Sellers is alomost impossible for most people to do: when the chips are down they have a terrible time not selling their stocks at a loss. They have a really hard time getting themselves to average down or put any money into stocks at all when the market is going down.

People don't like short term pain even if it would result in better long term results. Very few investors can handle the volatility required for high portfolio returns. They equate short term volatility with risk.



This is irrational risk: risk means that if you are wrong about a bet you make, you lose money. A swing up or down over a relatively short time period is not a loss and therefore not risk, unless you are prone to panicking at the bottom and locking in the loss.



But most people just can't see it that way: their brain won't let them. Their panic instinct steps in and shut down the normal brain function.



End of paragragh article

 

Livermore, I agreed with you, somemore, he purchased in year 1990, been holding for 17 years.. can u imagine that?

the only great example I have is my gf grandmother stock purchase, they purchased OCBC shares at 0.30 cents, and now, it is pass down to grandkids... ha ha... that is something really amazing for me already.. I think they had been holding for more than 30 years?!

Seriously, I don't know if we have this kind of good stocks available in Singapore, so far, I see can earn more than 300% gain in year 2006 - 2007 are all those funny small penny stocks... those blue chip, the most 100%, except Cosco, which I know it at 1.20... hard to believe those are still holding at 1.20 or even lower..

hmmm.... hold ? yeah, i will learn.

 

 

Hi Jackjames,

That's why I say it is important to learn to let your winners ride up and don't sell too early. That article you read is a good one. We all make mistakes but importnat to learn from it. I used to buy and then sell off a share too quickly in the past. Now I change my strategy. But I don't "die die must hold". I just keep focussing on the same stocks which I believe have long term potential.

 

I am not always right and in this year I have been wrong on quite a few stocks. But I didn't lose much from the losing stocks as I got out fast once I reach break even price. For one stock I could have made a nice 5 figure profit but instead I lost a few hundred dollars.

 

How one decides it is a winning stock is really up to individual and it is something I myself cannot advise.  

 

Lausk22... :)

That smilicon represents the general unfavourable investment climate for investors, at a time of falling prices...


For traders, of course a down and falling market represents delicious opportunities for making good money too...

In the tutorials of the "Stock Market Genie" package, the coaches specifically taught us to "trade both sides of the market" ie. play long and short... that's how the money is made...

 

hold it lo.. did you guys read the sunday newspaper, damn, the guy bought amazon.com price at USD 1.50, and now it's like USD 88 ++ he is still holding it.... if that's you, will you still holding it? I think I already sold if it is USD 3, ha ha ha...

 

Beware of STI might dip further if tomorrow:

1) Closed below 3440.96 and vol is less than 1820.6M

Or

2) The Low hit below 3405.86 and vol is less than 1820.6M

 

Mr Mani

A red face?

U angry and cannot bear with a Bear market?

I thought for chartist, like U it does not matter whether it is Bear or Bull, they will still make mani.

 

once say before chinese new year, the shares price will drop, because people throwing stocks and get money enjoying chinese new year, but particularly for year 2007, the china stocks crash one day after the chinese new year market opening, causing the march crash, and that's disobey the norm... ha ha... stock market full of uncertainty, that's how we earn some and give someone to earn as well..

well, i am still confident for the year ahead at least for SINGAPORE!

 

I was completely out of touch with the market ever since the day before DEEPAVALI when i expected DOW to be RED but it ended positive (Mr Mani would know better).

I did mentioned i was and still am sticking to my self invented trading system and it still says that market is dropping by huge margins and will rise in only small margins over the coming days, wounding those who tries to catch a falling knife, i was not wrong so far but not comfirmed to be correct either, unless.....when i start to enter the market again in the final weeks of December 2007 (so called my christmas shopping) and able to claim profit in the early months of 2008, only will i say i am confident of my trading system.

Could be right but could also be garvely wrong, hence please do your own analysis before 'following' or 'hammering' me on my theories as i am also still a learner in this beautiful and challenging money generating/lossing stock market where it can make or break anyone.

Thanks

 

"Preparing for a trip to Madrid to see the Spanish bull". Well let's see......