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STI to cross 3000 boosted by long-term investors
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idesa168
Elite |
22-Sep-2008 17:09
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Today's mkt is easy to play for me...bell opened, shorted 5 counters, 4 profit, 1 lost. Not bad! | ||
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AK_Francis
Supreme |
22-Sep-2008 15:28
Yells: "Happy go lucky, cheers." |
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x 0
x 0 Alert Admin |
STI now down 10 pts and vol 1.246 b, not that bad liao, except most stocks had retreated fr last Fri High. | ||
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ozone2002
Supreme |
22-Sep-2008 14:47
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x 0 Alert Admin |
2nd half of the day..vol slow n lacklustre.. | ||
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AK_Francis
Supreme |
22-Sep-2008 14:23
Yells: "Happy go lucky, cheers." |
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x 0 Alert Admin |
not a bad idea leh, if angmo come for shorting. then trading vol must be high, a booster for our local market loh. we can join ride with them. | ||
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ozone2002
Supreme |
22-Sep-2008 13:04
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all these measures are short term... markets are still downward bias... but gotta follow immediate trend if u want to make money on a daily basis.. |
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idesa168
Elite |
22-Sep-2008 12:46
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If the angmoh cannot short in their mkt, I guess they can come here and short our mkt down. The American were good at pulling everyone down together with them into the deep water, just like how they pulled the whole world down with sub-prime, and credit crunch. So I guess if you want to make $$ from local mkt, shorting is the way to go!...heheheh....just my view!
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Kassanne
Member |
22-Sep-2008 11:53
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In yet another extraordinary development for Wall Street, the Federal Reserve said late Sunday night that venerable investment banks Goldman Sachs and Morgan Stanley will become bank holding companies. -- News from Market watch. An implication on the market? The Wall Street titans will be allowed to transition into holding companies following a mandatory five-day waiting period, and will be able to take advantage of credit from the Federal Reserve Bank of New York in order to complete the transition.
In becoming holding companies, Goldman and Morgan would get access to the Federal Reserve's emergency lending facilities. But that access comes at a price: greater scrutiny by regulators and new capital requirements. The move allows Morgan Stanley to drop consideration of a merger with Wachovia or another bank and relieves pressure on Goldman Sachs caused by the fallout on Wall Street.
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bsiong
Supreme |
22-Sep-2008 11:48
Yells: "The Greatest Wealth is Health" |
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heng ah, managed to unload and take profit... yeah, cash is king... btw, the Dow futures now is already <-100+ ... take care !! |
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AK_Francis
Supreme |
22-Sep-2008 11:45
Yells: "Happy go lucky, cheers." |
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more or less profit taking liao. last Fri pm DJ future +200. players foresaw DJ will up at nite and subsequenlty it will trigger Asian markets upwards on coming Mon. Howerver, most retailers at STI were disappointed as the morning cheong didn't sustain. Their option is not to hold any longer on those stocks in their hands. Cash is king liao. |
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Kassanne
Member |
22-Sep-2008 10:20
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x 0
x 1 Alert Admin |
STI dropping fast? Is it profit taking or are there any new developments? |
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AK_Francis
Supreme |
22-Sep-2008 09:51
Yells: "Happy go lucky, cheers." |
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x 0 Alert Admin |
no advesed news on financial sectors fr the west over the weekends, should be good news for Asian markets, at least for today. | ||
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bsiong
Supreme |
22-Sep-2008 09:35
Yells: "The Greatest Wealth is Health" |
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x 0 Alert Admin |
shd not be too happy... these are shortists at work.... | ||
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ozone2002
Supreme |
22-Sep-2008 09:34
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vol lookin gd..gonna touch 400 mil and it's not even 10am.. closing vol to hit close to 2 bil today...yeah!.. |
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ozone2002
Supreme |
22-Sep-2008 08:42
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with UK n US banning shorts...where do u think the market will go? :) |
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pikachu
Veteran |
21-Sep-2008 23:09
Yells: "Holy Cow!" |
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Up or down tomorrow? I think it is anybody's guess. |
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solar2000
Member |
21-Sep-2008 19:17
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If this is the bottom and you don't buy, you would have missed it. If this is not the bottom, we are not far down, as prices of stock is already unbelieveably low. So i personally feel if one is value investor, rather than trader, I feel its time to scoop up using say 25-50% of your cash. Am expecting STI to reach a high of 27xx-2900 short-mid time before going down anotehr time. |
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trader88.sg
Veteran |
21-Sep-2008 18:08
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Is STI bottoming?? | ||
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investsgx
Member |
21-Sep-2008 10:42
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If you would like to hv a taste of 'property' in reversal: http://investsgx.blogspot.com/2008/09/edge-hot-stock-20-sept-2008.html |
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iPunter
Supreme |
21-Sep-2008 09:47
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Shorting creates opportunities for the bulls!... |
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idesa168
Elite |
21-Sep-2008 03:09
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Shorting will create liquidity in the mkt which will in return boost up the mkt. It's also bad that it adds salt in the wounds in a down mkt. It's a double edge sword. But to say the shorting activities caused the fall of those giants, I think it's more than meets the eye. What I see is that they are shifting blames to delay the fall of the mkt, which is actually good. Lehman for example, total asset $639 billion with debts of $613 million, does anyone thinks that this company will survive even without shorting that came in play. A big giant like Lehman will have a burning cost of at least $200 million a day if they are still in business. The excess of $26 billion assets after taking away debt will only last them 3 months the most. With or without the shortist, Lehman will still go down, just that the shortist brought their days to judgement earlier. As for now, the mkt had factored in that the Congress will approve the $700 billion the Treasury is seeking (DOW up 388 pts on Friday trade). Chances is that the Congress will approve as the situation is like Henry Paulson is pointing a gun at their heads to approve...hehehe! Well, what if the Congress say no or may yes, but only to half of the request, wah by then we got show to see liao! But I dun think anyone in the Congress with a sound mind will say no. All of them are at the edge of the cliff liao. If they dun use the magical shield like the Fantastic Four, they will be falling off the cliff together...hehehe! There again, it's just a shield, not yet getting rid of the advancing assaults. My conclusion is we are not out yet! Do enjoy any rally that may come along the way like it's gonna be a rally on STI this Monday. But dun hold the impression that the rebound is a trend reversal, I am very pessimistic about it. I hope I am sounding like I am talking down the mkt...it's just my personal view and I am not an expert in the financial industry. I think some my give me a bad post for this pessimistic view...LOL! Cheers...for Monday! |
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