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No more CNY Rally
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DnApeh
Master |
05-Feb-2010 14:02
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maybe got election rally |
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bola_no1
Senior |
05-Feb-2010 14:00
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I will say its buying time for those who can take it. Or u can wait till it goes back to 2900. cheers. |
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nickyng
Supreme |
05-Feb-2010 13:54
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have some faith lah....fundamentals for GOOD co. dont chg overnight rite? bargain hunt at your own comfortable price :) CNY rally will come...not necessary BEFORE CNY hor ! :P cheers! |
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albeniz
Member |
05-Feb-2010 12:53
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Even the most obvious CNY stock - Oceanus can't cheong. |
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WeiQiQi
Member |
05-Feb-2010 12:37
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more like CNY Panic than CNY Rally... anyway, this is from DBSV Daily today. It's quite right in reflecting the behaviour of retail investors. "We observed that the typical investor/trader behaviour during the past 3-4 weeks was that of a desire to bargain hunt thinking that prices are now cheap. If our view for STI to fall to 2500-2600 pans out, then investors have been in a ‘disbelieve’ mode the past 3-4 weeks and that is now switching to ‘panic’. Panic is the acceptance that the stock market has topped out and thus, the rush to reduce stock holdings. Base on this, STI should head for 2590. The nearterm resistance is shifted lower to 2720 and along the way down; the next interim support is at 2740. The closely watched Hang Seng Index should trend down to 19200. A gap down below 20,000 should mark the resistance level
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trader9988
Senior |
05-Feb-2010 12:37
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I agreed. nt worthwhile spoil cny by takin risk now. |
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buylist
Senior |
05-Feb-2010 12:22
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If you are not holding any position, it is time to free yourself to celebrate CNY. The risk level is high. The market is not low enough for buy.... Wait somemore time.... |
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