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In the very long term we will all be dead.
In the short term the Ponzi scheme of fraudulent banks cannot be ignored so don't try to catch a waterfall.
If the consumers collapse so will the chinese and indian markets-just as climate change is global.
However life will still go on even with negative GDP-might be be more environmentally sustainable and good in the long run.
Livermore... :)
But I have always thought you are a long-term investor? Correct me if I am wrong...
Where are the bulls?
100 day moving average penetrated.
Over the years this correction will look like a blip but it is not easy to survive a blip if you are long and wrong.
The main engine of world growth is still the american and european consumers which are now on bended knees -expect hyperinflation and following that a recession.
Phew! I sold most of my stocks one week ago:)
we prefer the second principle (not the first) as it is easy to practise for market ... it is not easy to practise the first principle in the dynamic market (with shorter cycle and linking global markets)...if you can master the first principle in the market, then you can be our master (have not seen anyone)...but you must be proven again and again by the market...good luck
market is not always uncertain, and certainty is there for many periods (for example in since end August till 15th October etc.)...and one listen to market as they are the best objective judge for any call...not us, you or me...:)
Ahh....spotted another of Buffett's follower.
Wahh... the kopi-o taste so good today.
sure, a gambler does not need to wait the right time to go to Genting or Macau to gamble...in market of uncertainty, you will go against two basic principles of trading
First principle (hard to practise for many):
1. Do not lose money
2. Do not lose money
3. Go back to rule 1
Second principle (easy to practise hard to follow for many)
1. Be disclipline
2. Be disclipine
3. Go back to rule 1
the market says so...not us...and we listen to market not even our brain or hearts :)
Don't wait for storm to blowover. One can make money in upmarket, downmark, flatmarket. Often heard that bulls make money, bears make money, only pigs get slaughtered.
The winning strategy this month: SHORT the STI but remember to cover your butt with a stop.
kopia-kia, kopi-o pls.
Why 2 weeks????
you will get the answer within 2 weeks....:)
In short, Victorf, we all know the market is uncertain, but going forward, do we still stay in the sideline and wait for this storm to blow over?
Really do not know how to trade with such a market...
no brainer to see market move like today...as expected and move in precision...good luck :)
For pennies fun and a little longer keeping sake
1. EI-Nets (might be faster than u expect)
2. ArianeCorp (slowly but steadily)
3. SingaXpress (good buy at this px - for long term)
4. Star Tech (good buy at this px - for long term)
Once again, please decide yourself as money is yours.
Good Luck
EZRA and Biosensor could be the other 2 moving north.
Cheers and best of luck all forummers
I am a little optimistic about some stocks on monday, i could be wrong but i think those that will be heading north and lending support to sti are
1. Rowsley (based on lastest news release)
2. ChinaHongx (volatile)
3. ChinaPetrol (oil is in demand)
4. ARA (Suntech REIT is in healthy earning))
5 China XLX (good buy)
6. GoldenAgri (up then down)
7. IndoAgri (volatile)
8. UniAsia (up then down)
9. StraitsAsia (up trend)
10. SingTel (volatile but on the up trend)
All based personally on my studying and judgement so please do your home work and not jump in blindly
Good luck to all forummers tomorrow
Cheers
I don't really apply everything in TA. I don't like waiting for breakout price then I make my buy. It is becuse I will buy at a higher price.
There is a stock recently that has performed very well. Its breakout price was at $1.59. However if one had bought at around $1.35 and slowly averaged up with 10-15c range only, you would not even have reached the breakout price of $1.59. The TA person buys at the breakout price. Thus he or she helps to push up your price.
At breakout price of $1.59, you have to decide if you want to put all your lots at that price. That is something I don't do as I average up. Averaging from $1.59 to risky to me as the price has already gone up quite a bit
Credit tumult has become the source of renewed focus for world financial markets, as stock markets finally begin to react again to the severe problems in the credit space. The newsflow is enough to give long-term deflationists liquid dreams. GREED & fear refers not only to the huge writedowns at Merrill Lynch and Citigroup, but also to the related spectacular collapse in the price of the highest-rated subprime debt.
What does all this mean for Asia ? Clearly, there is a growing risk of a sharp correction caused by a high profile financial accident and a related US growth scare. This could be exacerbated by issues of counterparty risk, which could cause a sharp drop in trading volumes in world stock markets, including Asian ones. Certainly, anyone who thinks Asia and emerging markets would be entirely immune from a fire sale of securitised assets is deluding themselves. But in the longer term, such a correction triggered by the collateral damage from the deflationary implosion of structured finance would mark a dramatic buying opportunity in Asia for those with the cash to spend. In the meantime, the best way to hedge long Asia positions is to remain short the problem, which is primarily Western financials. In this respect, the trail of destruction is likely to run from investment banks to commercial banks to insurance companies.
