Ho Bee Land    Last:1.8    -0.02

Riding High On The Sentosa Wave

hi singaporegal, your this rule will make brokerage firms very happy.

 

The actual peak is 1.50.



1.45 is the closing after hitting the peak.



Then today, the retracement (hopefully it's just a retracement) low is 1.39



Should firm up after the market correction.

 

Yah... its peak was 1.45... now its around 1.39.

While I think it might still be on an uptrend, one of my rules is that if the price falls around 3-4% of its previous peak, I would sell just in case.

I have sold off just now at 1.40.

 

Hi Singaporegal, you mentioned to sell off when the trend changes. Err what do you mean by that?  It's dropped a few cents already...



Thanks!

 

Thank you for your advice! :)

 

If the trend changes, then sell off.

 

My advice is don't set price targets... they are meaningless. Just follow the trend.

 

Happy New Year to all.

This counter is still on an uptrend. Was thinking of cashing in when it reaches $1.50. What are your views?

 

I think uptrend still in place.

 

I think its bullish still.

Vested at 1.34

 

Anyone know the direction for Ho Bee in short term?

 

Correcting as expected. But the volume is low and that's a good sign.

 

Ho Bee is still on a strong uptrend. However, it may correct a little on Wednesday.

 

Hi rickytan what i mean is make hay while the sunshine,nobody knows what will happen the next day.Look at Bangkok

 

hullo...what i meant by 'before sept' is because, if you look at the current market, it is (in my opinion), unjustifiably high already. Which is fine if global trends support it, but current global climate is extremely unstable: there's the timebomb of Iraq, the US presidential elections in 2008 (which neither the republicans nor the democrats want to win, since whoever wins needs to clean up the hellhole Bush made of Iraq), Nigerian elections in April 2007 (africa's largest oil producer), bird flu, declining US dollar, skittish russian investors, etc etc.



Plus, markets tend to move in quarter cycles (FYE march, june, sept, dec): so if you assume a wavelike pattern, you'd expect STI up before march, down june, final up in sept. not to mention that investors, like gamblers, are a superstitious bunch. the no: 7 and october spooks them. (New york crash, oct 1929. asian financial crisis, 1997 etc).



In a local context, really, how long can the exuberance over casinos and rising property prices last? plus, those investors who made loads of cash would want to lock in profits already, esp if they're switching to buying actual land.



so by my guesstimate, i don't think the STI can continue its bull run (sorry for being such a little bear hehe) indefinitely. Personally, i'm expecting to complete all my trading positions by sept, and the rest will be long term stocks that i'm holding as investment. but we'll see how. just follow the trend man!  

 

Hi elf and hohokit,  may I know what you all meant by "making profit bbefore Sept" please. Thank you.

 

Thanks for the all tips. I wld like to wish a Happy New Year to one and all, 2007 is the year of the PIG, so let's pig it out and piggy back on the stock market fortune!

 

No worries. I just felt the need to clarify that short term trading is different from day trading and that trading is different from investing.

You have a Happy New Year too!

 

My bad. :) Anyway, peace out to all especially to Singaporegal. I'm just trying to state my opinion albeit a little too straightforward. Let's have a wonderful New Year's Eve and PARTY!!!!!!

Be it whatever method used to punt, invest, trade, buy, etc a counter, as long as you make $, who cares!!!

Cheers!

 

heya, no prob, all of you. :) hohokit, wish you luck in all your trades! btw, would expect the market to correct the moment it hits 3k, so for beginners, pls don't get caught up in the current exuberance. might be good to exit as soon as the charts start changing.

tanglinboy, hehe, what's gone is gone; no point looking at ho bee anymore lah. at 1.45 its upside is limited. (Note of warning to all vested, it has almost hit its FA target already, one year in advance.)

there are others to watch now. hehe.