Originally posted by angel7030:
True mah, i got unkers who talk big about wining, then i ask for free dinner for us, he brought me to the back kitchen and said with eyes red red that he lost alot on other stocks and worst, asked me for loan.
wow u loan him n he can't pay,
got ask him for special service or not?
Originally posted by 4sg:
wow u loan him n he can't pay,
got ask him for special service or not?
what service??? car service ar??, some unkers can't even paid their Mercedes' car installment and wanted to sell liao...
Originally posted by angel7030:
what service??? car service ar??, some unkers can't even paid their Mercedes' car installment and wanted to sell liao...
Clever gal dun want old man service...
Sunday 9 Nov 2008 :
China announces $586 billion stimulus plan
Originally posted by Daddy!!:Sunday 9 Nov 2008 :
China announces $586 billion stimulus plan
i thought they already gave plans on Friday?
Which explain the after-lunch upwards swing of the market
Originally posted by Daddy!!:Sunday 9 Nov 2008 :
China announces $586 billion stimulus plan
Is this good or bad news?
good news. however, it is not easy to tell whether market has already found a long term bottom.
if you are already invested at lower levels in october 08, it is time to think about selling your shares into rally.
if you are not invested, it is prudent to remain neutral and try not to "chase" the market.
we are still in a down trend. be careful.
...treat the market like the casino... and you will end up like the casino gambling addicts... the sock market is for long term investments... buy at the bottom of the cycle and sell at the top of the economic cycles... I repeat, ECONOMIC CYCLES... and they take years to play out. I repeat, treat the market like the casino... and you will end up like the casino gambling addicts... you lose all your money (if you don't stop gambling the markets, like the casino addicts)...
... buy with money you can throw away and then stop looking at the market until the top of the economic cycle.
That was a public service announcement from www.casinogamblingprevention.com
Sunday 9 Nov 2008 :
China announces $586 billion stimulus plan
well i am not sure why the market cheer china stimulus plan. to me it is more on boosting domestic market such as 2 trillion yen railway line and pumping more liquidity into its banking system. i dont think many ppl like us will benefits from its railway line.
moreover china has increase its tax levy on some exports items to oversea. such as textile.
Thus if you might want to think twice before investing your hard earn money on china listed textile industry.
good news. however, it is not easy to tell whether market has already found a long term bottom.
if you are already invested at lower levels in october 08, it is time to think about selling your shares into rally.
if you are not invested, it is prudent to remain neutral and try not to "chase" the market.
we are still in a down trend. be careful.
that right! even though STI trend higher today, but i dont think it can last the day.
i think STI is going to end the day lower. because, i still cannot find a reason why we are trending higher?
as i mention there could be a redemption deadline on Nov 15. thus stocks could trend lower few days prior.
wait for 1500-1600 as your entry point.
STI today drop around 80pts. maybe close by 1800.
it could mean further drop.
maybe wait after 15nov before considering for re-entry.
there are still money to be made in downturn. just be very cautious.
i remember that not too long ago, a group of forumers were quite excited about high inflation when crude oil futures was at above USD130 and talked pretty much about investing in properties to hedge against it. If the forumers really bought properties then, they would be calculating big losses now.
similarly, with low stock market prices and all the news about how bad things are now, the herd mentality would be to sell, book in big losses, keep cash and dont spend to survive the expected big downturn.
the simple concept of buy low sell high is not so easily followed in real life because to buy seems a very difficult decision to make because we know stocks could indeed fall deeper down even as it is at low level now. dont you agree?
some local stock brokers and economist predictec STI could trend lower to 1300 level in 2009. resistence is 1500 and 1700.
So far 1700 is holding up well partly because of Singtel resilient. Singtel is a super heavy weight in STI.
if u look at the other 4 indices such as the FTchina,ST all share,FT midcaps and FT small caps. these indices are already showing weakness.
I am a strong believer that the worse has yet to hit us.