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Every stock everyone sold in the downturn - every one recovered to some extent
Probably every single stock sold is regreted by every seller during the panic
Every single stock is higher now
At turning points a virtuous cycle can turn into a nasty vicious cycle.
If you are wrong cut your losses early- the timing is unknown in this volatile market.
A recession is on the cards even if interest rates are cut .
The ponzi game by your friendly banker and broker will end in tears .
Don't sell on Monday - remember what happen when shortists short - & whiplash recover later
The downsides will be less then what previously happened 2 month ago
Remember those who panic sell last 2 months ago - regret deeply their actions
Like our leaders said, these will be over in 4 - 6 months time
Be prepared to buy the following counters at the first five minutes, sure panic sell down....
Cosco, China Hongxin, CHS, NOL, China Energy, Midas, Indo Agri, Golden Agri, Pine Agri, Wilma.....
Hopes all drop more than 10%........cheap to pick....
This man. Mr Greenspan (EX-FED), no doubt a very world renow experience man as it express his fear (getting old) and starting to pre-predict....the worst scenario like a fortune god on today Straits Times paper. Sat Sept 8, 2007. That is why his replacement goes to a younger mand called Mr Bernanke who may have a few more magical tricks..
Robert Prechter;4/08/07
The government cannot prevent deflationary forces without destroying itself .
Prepare for a recession and hang on to your jobs especailly if you are in the wealth management industry.
STI is not the centre of the financial universe -hopefully not another glitch from panic selling on monday .
I suspect that the chinese government has converted some paper dollars into gold.
If the interest rate is cut the dollar will fall.If it is not cut the dow will fall-between the devil and the deep blue sea.
The yen is 113.38 .Nikkei on monday?
come monday.... CHIONG AH!!! ALL CHIONG......downwards...hehehe =|
soo.....you believe the Fed will cut interest rates? i don't think so...that's just my gut talking though....
Teeth53,
Maybe it's time to invest a bit in banks (once more subprime troubles emerge?), and siam at the 1st sign of credit card default increases? No matter how long the loan period is, loans still must be repaid.... or defaulted against.
Synnexo,
Same hopes here. My guess on what happened the last 2 days - sentiments turned positive massively after 2-3 wks from the massive STI routing on 17 Aug (long zhong 'chiong ah!'), penny stocks chionged a bit, BBs testing the STI to try to break 3500 resistance.
Look at the STI intraday, top 20 vol for a better picture.
Short-term - neutral to slightly positive (I'm expecting dead cat bounce just after 18 Sep. Just not so sure yet for the immediate next week). Long term - bearish.
Just a gentle reminder..
| 12-Aug-2007 12:12 | Straits Times Index / STI to cross 3000 boosted by long-term investors |
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Here. We have easy credit w/o earn income, starting with 500/-, pay only 28% interest per year. Today Straits Times paper (Money Page-Sept 7, 2007) Credit card can spend- now takes you miles further. The catch is very clear, SPEND for the next four month$ at least 3,000 thousand or 12,000 thousand, then wondering how next when to pay up ...YA ! Sub-prime woes is now carry into our shore and will slowly breed over the next 5-6 years later....very bad business practice.....after bad practice  , AngMo way or Cina way is better??.
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CWQuah,
Do hope STI wont be as bad as couple of weeks ago when Dow shed < 2%.
Come to think again, what makes our index go on the reverse, compare to other indexes, on 6/09/07...hmmm...
STI likely to end between 3410 - 3440 pts on Monday (3410 being the stronger support. Another one exists between 3440-3450 but likely to be weaker given the DJIA dip magnitude). If 3410 support breached, 3396-3400 is next.
Charts for the next 1 - 2 weeks will tell if the right shoulder is forming.
This coming trading week, a week of mkt volatility and mkt jittery.
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? Now, it's employment that's weak Stocks slammed on jobs report 5:58pm: Dow, Nasdaq and S&P all tank after weak employment number raises worries about the economy; bond prices surge; dollar plummets. (more)
? Treasurys partyWall Street giants: Liquidity crisis? 5:47pm: Big chunks of investment banks' earnings are from assets that few know how to value. Should investors and regulators worry? Fortune's Peter Eavis investigates. (more)
? Paulson: We'll work through credit crunch
? SEC probes credit-rating agencies
Monday is a shopping day for me. Swiber, Cosco and Swissco are my choice.
Pretty cool poll there!
STI is going to get slaughtered this monday. Sianz....
Victorf has made some good points... 
Penny stocks is in full play, trade with care...Vol: low, buy some to keep
| ST Index |
3,445.08 +69.02
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| Volume |
2,087.7 M
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| Gainers/Losers |
539 / 219
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keke. kilroy, concur with the keeping on toes part. and "see and sieze". like command and conquer, eh? hahahaha. elfie's been singing the blues. and as victorf pointed out, penny time! dum da dum! whee!
hehe. aside: i still do think long term direction is likely down. the US elections is key. they cannot let the market correct before then. but short term, STI is testing its resistance. let's just see how it does. i only got til end sept to play before i leave the country anw.
hope you're doing fine!
Its sure is thats why we need to keep ourselves on our toes all the time so to be ahead others.
As long as we see & sieze the opportunity that presents itself, we are in doing correctly what we suppose to do here - make a profit out of the situation.