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Market crashed

Madsumm

By Madsumm,
in Lite & EZ

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Spas

Spas

Neutral Newbie
and when there is a technical rebound.... u lose some too... [:)]

 

I bought way ahead of everything when STI was still 2300+. So any technical rebound has to be a 700 point increase in the STI for me to lose any amount of money. Who'd like to bet that that would happen in a month? Anyone?

 

Besides, I already unloaded quite a bit after today's plunge. So I'm smiling so far.

 

I bought some calls months earlier and did pretty okay when there was a brief two-day rally. I guess I've been lucky all this time [:)]. But I'm always tracking markets la - not that it matters much. But really, the market "direction" isn't hard to guess eh, as long as you're in the money deep enough la.

 

Let's just see how much I can make from my last few lots la. Good thing I cashed out most of my shares earlier in the year. Now I'm just holding put warrants. And I'll be fishing for bargains soon.

 

Let's hope my one-year lucky streak with warrants continues till Xmas.

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Spas

Spas

Neutral Newbie
Any explanation for today?

 

Well Nikkei literally crashed on lotsa negative coy earnings. Sony was the highlight. Err.. OPEC cut oil supplies. UK also reported a fall in GDP few hours before mkt closed.

 

Hang Seng and STI tends to track overnight US futures mkt also, and that one dropped an average of 4.5%. Looks like US market tonight's gonna be a slaughter.

 

There's a possibility of a slight tech rebound on Monday, but we all know that that's not gonna help after today's plunge. A tech rebound of more than 5% is highly unlikely IMO. Think STI has a few hundred points to drop before it bottoms out la. It's a pretty exciting time. Terrible for others. I don't understand how some ppl can get into long positions when the recession barely started.

 

I tend to trust economists more than broker/financial analyst reports. Agg demand oredi mati liao. Maybe we'll see stock markets recover mid-2009 la before overall economy has any semblance of warming up.

 

Take care for whoever's having a tough time. Hang in there and brave the storm. Market regulation's gotta change.

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Vyap

Vyap

Clutched

me too don't trust analyst! [shakehead] I look at global picture, economic trend. consumer spending & corporate expenditure ... impact etc...few more hundreds point to shed, b4 level off ..Q3, 2010 or later then some decent recovery..just wait for another 3 quarters... [flowerface]

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Freestylers09

Freestylers09

5th Gear

my friends told me to look into trend and dun analyst too much..coz market pattern v v hard to catch..but trend easier..for eg shipping and construction in last 1-2 years..

 

now load in bit by bit too...coz no one know where's the bottom...

 

load in fundamental and bluechip bit by bit and keep

 

then later part when stablise,look into market trends...

 

btw oct always the jiak lak period.can slowly go in kio abit

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Modykoh

Modykoh

1st Gear
(edited)

some blue chip counter are really really attractive. bought few of such for long term...buy bit by bit...

 

at the same time, play few counter on contra/short term, day in day out. don;'t dare to buy in big, if avg 1 translaction can make 3-4 hundred let go...if to cut loss, same also...

 

if market just clash, open market drop more then 10 bids, siao liao. see how the setiment coming monday and dow. tue to decide to cut loss or ???

 

wish all good luck.

Edited by Modykoh
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Mzrmazda3

Mzrmazda3

6th Gear
(edited)
time to sell butt, sell kids, sell wife, sell car, sell house and sell kidney to pay debt liaosweatdrop.gif

 

You forget that you still could sell your 'Front' little Hia Dee [rolleyes][rolleyes][rolleyes]

Edited by Mzrmazda3
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Galantspeedz

Galantspeedz

Turbocharged
and when there is a technical rebound.... u lose some too... [:)]

 

I bought way ahead of everything when STI was still 2300+. So any technical rebound has to be a 700 point increase in the STI for me to lose any amount of money. Who'd like to bet that that would happen in a month? Anyone?

 

Besides, I already unloaded quite a bit after today's plunge. So I'm smiling so far.

 

I bought some calls months earlier and did pretty okay when there was a brief two-day rally. I guess I've been lucky all this time [:)]. But I'm always tracking markets la - not that it matters much. But really, the market "direction" isn't hard to guess eh, as long as you're in the money deep enough la.

 

Let's just see how much I can make from my last few lots la. Good thing I cashed out most of my shares earlier in the year. Now I'm just holding put warrants. And I'll be fishing for bargains soon.

 

Let's hope my one-year lucky streak with warrants continues till Xmas.

 

so at last there is someone able to beat the market. go be a dealer and earn lots

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Modykoh

Modykoh

1st Gear

yap, yap ...make a little. market still very volitile. b4 the dust settle, play hit and run..later stage then plan for long term.. as u mentioned, now got some buffer to play more...

 

property and bank, still avoid for a time being...for me.

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Axela72

Axela72

5th Gear

Hi, I am newbie to stock. I know nut about it. Is there any website or forum related to this topic where you can recommand for my viewing and study so that I can learnt from there? E.g. What is STI, can buy? higher or lower is better? What is the typical trend is consider as good or bad etc......Thx

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Loki

Loki

Supersonic

Hey i was hoping for sti to close below 1500 yesterday but it bounced back to >1600. You think will hit 1500?

 

It is now more than 1800 leh.

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Modykoh

Modykoh

1st Gear
(edited)

is actually everybodies guess.

 

now market is purely on setiments( on anticipation of poor earning and recession) and any jitters spark another round of lau sai. US side, the 900 pts, most analysis believe it will not hold good. so got to trade with care.

 

 

>>>Hey i was hoping for sti to close below 1500 yesterday ....

 

alot of ppl are bleeding liao, any more of such, u see ppl poke kay ley. me still licking mye multi wounds... hee heee lolxx..

Edited by Modykoh
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