Genting Sing    Last:0.72    -0.005

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Lol u know wat, yesterday k-war flashback - for a moment thought i won't get to see lee minho and other k-stars ever again. Envisioned them fleeing the country. Gee.. i must be crazy hahaha

 

Long term investors? Maybe will hold. Haha... But Korea war worries eased... Maybe some buying like us then sell before closing? Wah I'm not sure.... I sold my Contra stocks before lunch, super kiasee.

Gaecia      ( Date: 24-Nov-2010 17:20) Posted: tomato...haha we guess guess okay? u say US pre holiday will investors dump, hold or buy more tonight?

 

See tmr opening how first. 

Gaecia      ( Date: 24-Nov-2010 17:28) Posted: i also noticed he didn't (want to) surface... Genting might trend sideways in a tight range (depends on STI and macro) or bullish reversal, can be either 2 scenarios. Consider if sideways mvt and u go contra, will be caught or not? firewood      ( Date: 24-Nov-2010 17:21) Posted: Didnt see ipunter today...  Today Genting long white candle. Reversal?

 

i also noticed he didn't (want to) surface...

Genting might trend sideways in a tight range (depends on STI and macro) or bullish reversal, can be either 2 scenarios. Consider if sideways mvt and u go contra, will be caught or not?

firewood      ( Date: 24-Nov-2010 17:21) Posted: Didnt see ipunter today...  Today Genting long white candle. Reversal?

 

he probably trading and now taking a rest. if he didnt trade today, when on a reversal, he will probably hate himself for spending too much time here

 

Didnt see ipunter today...

 Today Genting long white candle. Reversal?

 

5m buy up on gensp. 4m buy up on GAR. wtf is happening?

 

tomato...haha we guess guess okay? u say US pre holiday will investors dump, hold or buy more tonight?

 

Today kepl makes another black candle which doesn't signal reversal, meaning downtrend hasn't bottomed out yet until proven otherwise. If tmr ends in white candle then today is the bottom price but u will not know until past event. I q didn't get also but its okay lah i don't hav to catch lowest possible. Get it i also be very scared. You observe STI didn't close strong, gave up early gains. How do u know US will end in positive territory tonight with preholiday syndrome?

 

icetomato      ( Date: 24-Nov-2010 17:07) Posted: Wah.. haven't bottomed? Just now queued last 5min to buy... Heng ah....... didn't get it.... Gaecia      ( Date: 24-Nov-2010 17:04) Posted: Me. this and capitaland will bottom out very soon. Granted no housing curbs frm china

 

Wah.. haven't bottomed? Just now queued last 5min to buy... Heng ah....... didn't get it....

Gaecia      ( Date: 24-Nov-2010 17:04) Posted: Me. this and capitaland will bottom out very soon. Granted no housing curbs frm china. icetomato      ( Date: 24-Nov-2010 16:55) Posted: Anyone watching Kepland? Any views on current price? 4.56 - 4.57

 

Me. this and capitaland will bottom out very soon. Granted no housing curbs frm china.

icetomato      ( Date: 24-Nov-2010 16:55) Posted: Anyone watching Kepland? Any views on current price? 4.56 - 4.57

 

Opportunity Knocks by UOBKH

 The 2% sell-down in the FSSTI could present selective opportunities. An

overlay of fundamental and technical analysis suggest opportunities in DBS,

SIA and City Developments.

What’s New

• Dragged by unrest in Korea. The FSSTI suffered a 2% sell-down

yesterday (23 November) due to the unrest in Korea. This report

highlights potential opportunities from an overlay of fundamental and

technical analysis.

Action

• Opportunity knocks. We see selective opportunities from the sell-down

as company-specific fundamentals remain intact. Within our coverage

universe, stocks that were heavily sold down (>3%) include: City

Developments, Ezra, Genting SP, Olam, Indofood Agri, Cosco, First

Resources and Ezion.

• FSSTI target for 2011. Using a long-term PE mean of 16.9x would imply

a 2011F target of 3,615 for the FSSTI. As a cross-check, our bottom-up

compilation of stocks under our coverage suggests a target of 3,489 for

the FSSTI. Our top stock picks include: OCBC, StarHub, M1, K-REIT, AREIT,

Swiber, Ezra, ART and CDREIT.

Technical Analysis

• Largest absolute decline in five months. The FSSTI’s 2% (-59.6

points) drop was the largest absolute decline since 25 May when the

index bottomed out at 2,750. This merely suggests that markets are

fearful and do not imply a change in the longer term uptrend from 2,008.

• Firm support at 3,060. Initial trendline support is at 3,120, but we believe

that the level will be easily breached. A stronger support can be found at

the 3,060 level, which is the 38% retracement of the rise from 2,648 to

3,310, which is also the zone of a 100 day moving average. This view is

also supported by our take that the Hang Seng Index is very likely to find

long- term trend line support at 22,100. Various technical indicators for

both markets are approaching oversold levels. The 14-day RSI for the

FSSTI and the HSI is at 39 and oversold levels are typically gauged at

20-25. If the index bounces off the support level, there is scope for a

retest of prior peak near 3,310.

 

Make love more, don't make more enemies 

 

You are so humble, very few people make money. U still can make and of course, those counters u are holding or watching are my target too, but now no money to enter..... One day I will.... I like you !

icetomato      ( Date: 24-Nov-2010 14:36) Posted: I'm not full time.... What? Don't follow me please. I got not charting skills or whatsoever one. What I did yesterday was rather foolish. It's really just lucky to manage to squeeze some profit. You don't be so rash can already. cannotfind      ( Date: 24-Nov-2010 14:24) Posted: Yes la... you have been doing so well.... I wanna copycat you. You full time also like BT? I am an employee for a company la... no time to play full tim

 

Anyone watching Kepland? Any views on current price? 4.56 - 4.57

 

wow! 2.70 that high?

Gaecia      ( Date: 24-Nov-2010 14:58) Posted: So good, u hav Noble.  hahah now noble, cosco is more expensive than gsp. itz okay i'll be patient icetomato      ( Date: 24-Nov-2010 14:54) Posted: JUST TO SHARE NOT SAYING MUST RUSH IN NOW: Noble upgraded to Buy by UBS, raises target to $2.70 Tags: Noble Group Written by Dow Jones & Co, Inc    Wednesday, 24 November 2010 14:23 Article Index Noble upgraded to Buy by UBS, raises target to $2.70 Page 2 All Pages Page 1 of 2 Share this Digg Del.icio.us StumbleUpon Netscape Yahoo Technorati Googlize this Facebook Export PDF Print E-mail UBS upgrades Noble Group (N21.SG) to Buy from Neutral, raises target price to $2.70 from $2.10 after tweaking assumptions in discounted cashflow valuation. Says Fed’s QE2 could lend momentum to commodity supply chain manager’s earnings. “This should lead to strong capital flows to emerging markets and reinforce commodity-intensive growth, thereby incentivising commodity prices and trade-volume growth.”

 

BEIJING - China's government is widening its anti-inflation campaign, on Wednesday ordering a crackdown on speculators it accuses of illegally pushing up commodity prices.

The order comes as Beijing enforces measures announced last week to cool food prices that soared more than 10 per cent in October.

Analysts expect Beijing to hike interest rates in coming months to rein in inflation even as Washington and other major developed economies try to shore up lacklustre growth.

On Monday, the government banned hoarding of oil and coal.

'Illegal operators are using swindling, conspiring, price-fixing and hoarding to push up commodity prices,' said the Cabinet's National Development and Reform Commission in a statement.

Local authorities are ordered to 'severely investigate speculative activities and safeguard market and price order', the agency said.

Chinese families spend up to half their incomes on food, and communist leaders see inflation as a possible trigger of unrest.

Inflation so far is limited mostly to food, but analysts say price pressure could spread to other areas unless Beijing hikes rates and tightens credit. They blame money flooding through the economy from Beijing's multibillion-dollar stimulus and two years of massive lending by state banks.

Communist leaders are trying to guide China's rapid expansion to a more sustainable level after growth eased to 9.6 per cent in the three months ended September, down from a post-crisis peak of 11.9 per cent in the first quarter.

The government has ordered banks twice in the past three weeks to raise the amount of money they hold in reserves to rein in lending growth.

Last week, Beijing promised to boost vegetable production, pay food subsidies to poor families and increase supplies of diesel needed by farmers and truckers. It said it might impose direct price controls if necessary.

Wednesday's announcement said speculators were driving up cotton prices, which have surged in recent months. It gave no details of other commodities believed to be targeted by price-manipulation.

Energy industry analysts say the diesel shortage was caused in part by state-owned oil companies holding back supplies in hopes Beijing would raise retail prices in line with higher global crude costs.

In Beijing, city officials will give 100 yuan (US$15) in food subsidies to each of the Chinese capital's 223,000 low-income residents this month, the official Xinhua News Agency said.

Local governments in other areas are handing out subsidies and giving money to university cafeterias to keep meal prices stable, Xinhua said.

The government of Shaanxi province in the northwest has allocated 60 million yuan (about US$9 million) to help subsidise campus meals, the report said. -- AP

 

but it creates inverted hammer, then reversal is coming

bladez87      ( Date: 24-Nov-2010 16:36) Posted: from 27 points drop to 15 liao. omg i still cant believe people are buying in today.

 

from 27 points drop to 15 liao. omg i still cant believe people are buying in today.

 

Fall asleep, didnt do research. Later got time i do and post.

Gaecia      ( Date: 24-Nov-2010 15:04) Posted:   firewood, u must b around. do u hav news whether China's interest rate hike is imminent?

 

 

firewood, u must b around. do u hav news whether China's interest rate hike is imminent?