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Current market go by sentiment. When the market tumble, your heart started to fall and just dump the stock to reduce loss. Once the stock started to recover slightly, one's will afraid to miss out the bottom and start buying. There was a strong support on this counter yesterday and the price reversed from the early sharp fall. This morning the situation seem to change despite a big rally in US last night. I jumped in last evening just before the close and now holding to these hot potatoe$$$$$$. Ai....... hopefully yesterday scenario repeat.
hotstock ( Date: 17-Oct-2008 08:48) Posted:
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For this kind of market, TA are not very accurate due to noisy data. It is also useless for those reports generated from the house. Lots of Angmo house call for sell so that they can easily redeem their clients holding in this mad rush out situation. WHo knows they are laughing at the seller as they wait to pick up cheaply and then come out to tell u, upgrade to buy as they see the beaten down prices has already factored the negativities...
All sound too similar each time
in this kinda market we seen...how skeptical can one get towards analysts and their target prices...the moment the market change..they change their TP easily too...its tt simple
Even as Kim Eng upgraded Cosco with $1.95 tp, Detsche Bank initiated coverage with $0.50 tp. Downtrend to resume after bounce.
jng1103...ah...if u set ur targeted price at 2 bids higher...u will have reaped big gains within the day...
lowest intra day at $0.705 ...just one bid of ur target
jng1103 ( Date: 16-Oct-2008 15:39) Posted:
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yes bearish but it went up today!
TA charts are very bearish on this counter. Acc/Dist heading south rapidly.
This counter i sh and lost. Didnt expect it to rebound so strong after 1500H. Why?
Your thinking abit simple minded leh although i wish they end quickly den recover back. These government have to come in b4 more banks collapse which will put the global economy into deep deep shit.. They will provide a softer landing, slow but it can reduce the impact..
goondoo ( Date: 16-Oct-2008 17:47) Posted:
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agreed, kena played out buy the angmos.
ha ha AK got high blood, need to learn to relax n hold less tension loh. cheers.
Don't u guys think it is better to have 1 big lao sai all the way to the bottom in 1 to 2 weeks and then bull run start and economy recover, but now the US, UK, Europe govt keep interfering every alternate day, the mkt cannot go down to bottom, neither can it start a bull run, we end up all trapped in this 1 day big up, 1 day big down environment on and on, like an epidermic that never ends.....
AK, UK will announce more measures London time 11am. UK has been slow catching up the EU on the newsfront. US is hopelessly slow...
I see some rebound later
London, Franfort n Paris now shed 100 pts each. DJ may follow suit as dun see any good financial news fr US.
2 morrow is last trading day. if DJ tonite dun perform, then 2morrow STI gonna suffers again.
NK today shed 1089 pts. if 2morrow it tumbles ahead of STI, then situation could be more chialat liao.
AK view only, for info.
crimson ( Date: 16-Oct-2008 17:08) Posted:
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All others down but Cosco up... seems like all the positive report and cosco media update helps to paint a positive note... Will it reverse downwards tomorrow... any guess?
I am MungkAli from GS.
Hey are u Ali from CS?
goondoo ( Date: 16-Oct-2008 16:24) Posted:
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COSCO only move up to 0.83 to cover the gap, then down trend again. Maybe 0.5 short term.
up up to $1 today
Very lucky. Cover all short positions already and at some profits and then buy extra. May see price going back steadily. But not $6 to $8 of course. $1.10 I will be happy man.
Shortists on borrowed shares, be careful.. Don't expect it to go too low.
How it beautifully clear 80c upwards and slash 1000+ lot of 83c without a blink.....
Maybe those putting poison are coming back to lick their wound