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STI to cross 3000 boosted by long-term investors
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Andrew
Master |
07-Sep-2008 23:38
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US Government just announced that it is assuming control of Freddie and Fannie MAE. Is tomorrow going to be a red red day ? |
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Rustyhaster
Member |
07-Sep-2008 23:23
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We're simply no competition against the likes of Morgan Stanley, Merrill Lynch, Goldman Sachs, UBS, Citigroup Asia. To put out fires in their own backyards, they start fires in others'. Nices one elf... hahahaha |
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elfinchilde
Elite |
07-Sep-2008 23:19
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if ya ask me, the entire cause of all this trouble is from the US. No thanks to greedy Wall Street banks and men who thought that, just because they have Ivy League credentials, they can do anything and get away with anything. Well look what happened. They bombed big time at the subprime and debt obligations, with the resultant being that all these foreigners--which our country so wants to attract--majorly sold AND shorted Asia and Singapore to earn back what they lost in the US. I mean really, do you think the STI fell because it "lost value"? Asia was booming. Our market, as it's very open, basically got shorted to death by all these foreigners. To the point that even local BBs are dead or dying. To the point that even longterm fundamental investors cannot afford to hold. What more a small fry? The average investor here loses out not because he's more dumb, or less educated. He loses out because he has less money. We're simply no competition against the likes of Morgan Stanley, Merrill Lynch, Goldman Sachs, UBS, Citigroup Asia. To put out fires in their own backyards, they start fires in others'. Remember the names above: because when I say foreign BB, I mean one or more of these. These are the "regulars". In the trading circles, we know them by their number tags. Because here's a reality check for the FA folks and those who are puzzling why their counters lost value even if it did post stellar results: You think fundamentals can stand against those who need to make money, who want to make money, and who essentially have a free hand and loads of cash to do anything they want? You think BBs really believe in fundamentals, in "holding for the longterm"? Cosco, for instance. Those of you holding its scrips in your hands, wondering why a company can report 78% increase in net profitability yet tank brutally from 274 to 187 in a single month alone: Merrill Lynch is one of the BBs who played this baby dead. They'll ride it a few more times, to be sure. Flog it til its dead. Squeeze it til its dry. There is one thing that our authorities can actually do to protect local investors, but sure as hell they won't do it, because, their concern is not to rock the boat. Phrased nicely, they'll tell you, "it's open market principles; that is fair." Well, I say it's patently unfair. Small fries can never win against the money of the elite. The one thing that our authorities can do, which they will never do, is what the US itself, that "leader of the free world", did for a while: Ban shorting on the STI. |
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teeth53
Supreme |
07-Sep-2008 20:50
Yells: "don't learn through life, learn to grow with life " |
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Just for further info: It will take another 1 to 2 years to reach STI 2000 if it continue just like this current situation prevail. So B4 that happen, it is up to world BBs economy to do rejustment and their / our expection. http://sg.finance.yahoo.com/q/bc?s=%5ESTI&t=5y |
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singaporegal
Supreme |
07-Sep-2008 19:30
Yells: "Female TA nut" |
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I use Saxobank and I think its really good. |
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Snappers
Senior |
07-Sep-2008 14:24
Yells: "Buy when there is Fear, Sell when there is Greed" |
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CMC is quite interesting.. it's a CFD trading site and you can trade for SG, US, HK, etc... you can try out their live trading for free with a virtual sum of money.. i had juz uploaded their software to try try.. their platform quite user friendly.. but their trial trading only valid for 2 weeks from your first log in.. their sales representative will call you for a more detailed explanation on a later stage..
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Livermore
Master |
07-Sep-2008 08:47
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Even when the next bull run occurs, CFD can be useful as in bull run, the uptrend is never in a straight line. You can then profit in both uptrend and correction phase of bull run.
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Livermore
Master |
07-Sep-2008 08:44
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You can find out about CFD from
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HLJHLJ
Veteran |
07-Sep-2008 00:44
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Analysing the trends of last few months, seems like Put Wrts are winners, and those short CFD. I do not how to invest with these two instruments, so not a winner. TA trends still down, unless there is a surprise next few months. Yet to see. |
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investsgx
Member |
06-Sep-2008 22:50
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Commodity is poised for crunch. http://investsgx.blogspot.com/2008/09/edge-hot-stock-6-sept-2008.html |
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AK_Francis
Supreme |
06-Sep-2008 17:41
Yells: "Happy go lucky, cheers." |
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ha ha, looking at today new look of BT weekend papers. none talking good about ppty and marine related coy. on the other hand, DJ last nite gain of 32.7 n CO down to 106.23, will agitate the global markets next Mon??? foresee, minor tech rebond in Asian Market next Mon early the morning, take Q fr Japan loh. |
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teeth53
Supreme |
06-Sep-2008 15:12
Yells: "don't learn through life, learn to grow with life " |
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Bruised...Yes...Ya. Agree fully, for some telling the truth really is hurting...Commodities Bust-up, oil is falling, gold, copper, Sub-prime (Angmo not telling us the truth) more to go and oni we R half way through oni.....500 billion bustup and declare..write down liao oredi...so far those BBs (Big, big Bankers still got some way to go like Fannie n Mac...into trillion) See and read today, it all in ST paper dated Sept 6, 2008. (Sat) Lehman may split into good and bad..Ailing bank's survival plan is to move its troubled real estate assets to new firm. Next News Analysis: Loan Defaults...The worst is yet to be. Defaults is on the rise. The weak go 1st, and ppl's take comfort from the very weakness of the fallen. Facts: that is how it is with the mortgage mess, still called the Sub-prime crisis, more to come...S&P reported this (New York Times) and next US credit crisis is far fron over....Reuters and yet next Opec faces dilemma on oil supply as oil drop, as it is heading south and yet next.... Outlook bleak for global economy: Forum it said "signals of a global slowdown are intensifying and in China signs of a slowdown too" unless there is a structural changes as traditional growth model is not viable any more. End result is country by country, ppl's are going to take a more sober view of the economic situation. |
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cheongwee
Elite |
06-Sep-2008 10:17
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The last time bought Capitaland at 1.7...i think this round you can get it too given time. Patience will be rewarded. No doubt it will not go down in a straight line, got bounces along, but 6 to 12 months down. it is DOWN!!!!!!!!!! My fast trade are all short. Join me shorting . |
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cheongwee
Elite |
06-Sep-2008 10:11
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Dont be fool by Merrill..these are stooges of the subprime. If they are smart, why the messes and lose? Already out of market few months back. Well if you are still in then get out now, still got alot to go down. Except occassional fast trade. If US recession drag on till 2010, what will be STI???u think about it.
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investsgx
Member |
06-Sep-2008 09:56
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STI falls 2% to hit its lowest since Oct 2006; Merrill says markets are oversold, will be 20% higher in a year http://investsgx.blogspot.com/2008/09/charts-show-asian-markets-oversold.html |
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AK_Francis
Supreme |
05-Sep-2008 23:01
Yells: "Happy go lucky, cheers." |
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x 0
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not good sign. down 93 at this moment. hope improves later. | |||||
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lookcc
Master |
05-Sep-2008 22:07
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x 0
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u might hv done the right thing 2day, dow now down only 46 pts.
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idesa168
Elite |
05-Sep-2008 21:03
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DOW futures -95pts now due to drop in payroll and job cut rises. Gonna be another bloodbath in US tonight again, and this time, it's gonna breach the 11,000pts psychological support! Hence I have little doubts on which direction STI will trade on Monday! I should have witheld my shopping today...sigh! | |||||
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idesa168
Elite |
05-Sep-2008 20:51
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If I am not wrong, SGX also gives out dividends quarterly. All REITS give out quarterly divvy as well. Yes, this mkt drop like a stone, I would come in to buy. Up up a few counters and happy as closing were all higher than my purchase. Well, if tomorrow drops, then my luck lah! Cheers. |
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soloman
Master |
05-Sep-2008 19:08
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Good for STI to go fast to this level Rather than slowly At 2550 + this is a good support from historical data - BT |
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