| Latest Forum Topics / Straits Times Index |
 Post Reply
|
|
STI to cross 3000 boosted by long-term investors
|
|
|
stevento
Senior |
26-Aug-2007 20:39
|
|
x 0
x 0 Alert Admin |
I really hope the market is stabilizing week by week. I thought it was over when our local bank DBS assured the investors that the sub Prime exposure is minimum until last fri. It had $2.4 billions in exposure. How many corporations are hiding the truth? Not telling the exact impact? What may seen as a superficial/technical rebound, is far from reality at the ground level. Many central banks are providing the liquidity right now. But how long can it sustain it? The sentiments have changed. Preserving capital is my priority. No need to take unnecessary risk under such circumstances. Upside potential little and downside risk a lot more. Have a great trading in the weeks ahead. This market is for the brave hearted. I have got a pretty weak heart for such volatility. |
| Useful To Me Not Useful To Me | |
|
Manikamaniko.
Master |
26-Aug-2007 20:38
|
|
x 0
x 0 Alert Admin |
This may be worth pondering... |
| Useful To Me Not Useful To Me | |
|
|
|
|
Manikamaniko.
Master |
26-Aug-2007 20:29
|
|
x 0
x 0 Alert Admin |
Absolutely right... prevention... or rather defensive trading should be one's motto. |
| Useful To Me Not Useful To Me | |
|
paperless
Senior |
26-Aug-2007 20:23
|
|
x 0
x 0 Alert Admin |
Prevention is Better than Cure. Infectors never write "I'm HIV Possitive" on their face. |
| Useful To Me Not Useful To Me | |
|
soloman
Master |
26-Aug-2007 19:48
|
|
x 0
x 0 Alert Admin |
All these negative talk by people is because they want the market to go down further The reality is that the market has gone down alot previously - but they did not get in to pick up stocks as they are not that brave enough The reality now is that the market is stabilising by the week and going up slowly |
| Useful To Me Not Useful To Me | |
|
|
|
|
Manikamaniko.
Master |
26-Aug-2007 19:24
|
|
x 0
x 0 Alert Admin |
But hot and cold frogs aside, trading the market should really not be based on whether we are psychologically 'hot' (bullish) or 'cold' (bearish)... |
| Useful To Me Not Useful To Me | |
|
Manikamaniko.
Master |
26-Aug-2007 19:16
|
|
x 0
x 0 Alert Admin |
You are right! They will also be scared of their own previous hotness! But usually, as is human nature, when it's time to be cold, it will take much effort...  |
| Useful To Me Not Useful To Me | |
|
lausk22
Veteran |
26-Aug-2007 17:06
|
|
x 0
x 0 Alert Admin |
mani wodehaopengyou.... with the global warming threat looming, no humans nor frogs may ever be afraid of cold again. they maybe afraid of the heat soon...;) 
|
| Useful To Me Not Useful To Me | |
|
|
|
|
Manikamaniko.
Master |
26-Aug-2007 16:24
|
|
x 0
x 0 Alert Admin |
But the frogs are not cold yet!... And when these frogs are shivering, they will not be shivering because of cold... Itt will be because the are frightened of the market! ... hehehe... (And that's the right time to buy) |
| Useful To Me Not Useful To Me | |
|
stevento
Senior |
26-Aug-2007 16:04
|
|
x 0
x 0 Alert Admin |
I guess you are right. 1987, 1997 & 2007. All these were caused by structural defects in the financial markets. In 1997 were the Asian financial infrastructure, now it s the US financial institutions lending money flippantly. I guess many banks and financial inst. in Europe and Asia are involved too. (DBS- 2.4billions) It will be interesting months. Lets make some money in the falling markets.  |
| Useful To Me Not Useful To Me | |
|
Manikamaniko.
Master |
26-Aug-2007 16:03
|
|
x 0
x 0 Alert Admin |
Thus, stock trading is still a prudent thing to do, provided one is willing to be diligent with the 'homework' ie. chart scrutiny and chart monitoring...  |
| Useful To Me Not Useful To Me | |
|
Manikamaniko.
Master |
26-Aug-2007 16:00
|
|
x 0
x 0 Alert Admin |
Long-term investors, or long holders, are taking too much risk with their hard-earned money... They can loose till they lose all sleep!!! ...  |
| Useful To Me Not Useful To Me | |
|
|
|
|
stevento
Senior |
26-Aug-2007 15:59
|
|
x 0
x 0 Alert Admin |
I guess this is not the time to be Gung Ho in trading. If you want to, the bad years like 1998, 2004 you can be more aggressive in putting your money in the stock markets when the index is less than 2000 pts. Then, you can have lots of rooms for errors. Put option on the STI is a better bet for now. |
| Useful To Me Not Useful To Me | |
|
Manikamaniko.
Master |
26-Aug-2007 15:51
|
|
x 0
x 0 Alert Admin |
Yup... that's what I call "defensive investing"! Very good!..
|
| Useful To Me Not Useful To Me | |
|
stevento
Senior |
26-Aug-2007 15:43
|
|
x 1
x 0 Alert Admin |
well it is anybody's guess as which direction the market will go. Higher or lower. Let's try throwing a coin 50-50 chance. But let's take a closer look at things from the macro economic views. It is quite messy out there. Currently, the US Sub prime issue has not gone away. The Yen carry trade continues to be a concern. Hurricane continues to hit the news. Banks and finance companies have not fully reported the full exposure to sub prime because there is resale market for these CDOs. Many people will be trying to redeem from hedge funds in the final quarter of the year. Just when I thought it was over, UK Sub prime will be hitting the news soon. Many defaulters of housing mortgage loans. Then the news that China concerns over inflation, Indian & China markets overprice. Generally, the consensus is to sell into a rally. I tend to agree with this view and being prudent with my money. Have a nice trading week. |
| Useful To Me Not Useful To Me | |
|
Livermore
Master |
26-Aug-2007 15:33
|
|
x 0
x 0 Alert Admin |
Those waiting for Oct crash and buy at year end may find themelves buying at a higher price |
| Useful To Me Not Useful To Me | |
|
Manikamaniko.
Master |
26-Aug-2007 14:55
|
|
x 0
x 0 Alert Admin |
During the past 3 weeks or so, apparently many "heated frogs" lost a lot of money... |
| Useful To Me Not Useful To Me | |
|
elfinchilde
Elite |
26-Aug-2007 12:54
|
|
x 0
x 0 Alert Admin |
concur with newmoon, ipunter and the rest. dow is up 142 points on volume of only 1.2mil contracts. the day it dipped, the no: of contracts was 45mil. same for sti. tech bounces on thin volumes are not to be trusted. also note one more thing: quite a few of the blues have already rebounded to a relatively decent level (eg, sembcorp from 4.64 to 5.35). the institutions have this option known as borrowing the blues. where they can trade short term for profit. now think as a BB: you are making major losses on other global stocks. You are making profit on asia/sgx stocks. it is a volatile market. there are people with 45 day clawback on redemption of funds: you know how much you have to return, which the market doesn't. Are you going to let your profit ride, or would you take money that's confirmed on the table? having said that tho: short term STI is likely to be up. level to hit is 3450. then it's a massive up or down. toss a coin, even chance. october will be the month to watch. i'll be out of the country. haha. |
| Useful To Me Not Useful To Me | |
|
TonyOng76
Member |
26-Aug-2007 12:19
|
|
x 0
x 0 Alert Admin |
cashiertan is right, i believe. The volumes on the recent up days are nothing to crow about. I doubt that the recent reversal in trend is anything by a temporary reprieve as there are still lingering concerns over bad subprime loans. Best to buy when backed again by the evidence of institutional buying. In the meantime, it's good to buy insurance in the form of put warrants. |
| Useful To Me Not Useful To Me | |
|
newmoon
Veteran |
26-Aug-2007 12:18
|
|
x 0
x 0 Alert Admin |
Dow Jones Range; If it is umable to crack 13650 and goes down and breaks 12850 the game is over. The monkey business controlled by jewish bankers is going to bring on a world wide recession-no hanky pahnky can prevent a business downturn long overdue .The longer the charade goes on the worst the reult. |
| Useful To Me Not Useful To Me | |