BTW you people know that the market crashed today?
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AFTER they pump the banking system with cash, they now cut interest rates
Something serious is going on!
Will it cause a run on the US Dollar... watch this space folks!!!!
Be afraid, be very afraid.... sell on big rebound... especially if you are holding stocks with borrowings... (if you are still alive!)
and remember this lesson well... meaning, never ever again buys stocks with money you borrow (margin trading or mortgage your stocks to buy more or buy with loans).
See how yesterday it dropped to below 3000 then rebound almost 150 points from the low? It was due to force selling... they will sell your stocks at the rock bottom if you borrow their money to buy. -
Those that the brokers/banks sold for them by force at the lowest points will curse on Monday
DOW JONES INDUS. AVG SNAPSHOT
VALUE 13,079.08
CHANGE 233.3
% CHANGE 1.82
TIME 16:30
TOTAL MEMBERS 30
UP 25
DOWN 5
UNCHANGED 0 -
Uncle - u r doing a good thing for all the amateur investors (including myself) by updating & giving vital information on the latest developement.
Whether people like or not is another matter - u r giving an honest take & in good faith.
Keep posting & all the best. -
recession predicted next year. cause it happens every ten to eleven years? signs are showing: us property stocks?
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same as stocks... if you borrow too much for your property purchases, there is a chance that the banks will sell off your properties when it hits bottom....
It is much better if the gahmen monitors and ensure that the property prices do not go up so that people do not have to borrow so much for an essential item like housing... (but as we saw in the past, they pushed up property prices instead)...
Property Prices Rise at our expense
and
A Sinister Development -
why do they force sell when prices (shares or properties) hit bottom? how does it benefit them?
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where can i check share prices online?
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www.sgx.comOriginally posted by TehJarVu:where can i check share prices online? -
http://www.sgx.com.sgOriginally posted by TehJarVu:where can i check share prices online?
http://sg.finance.yahoo.com/ -
force selling can occur when u contra. Ie u trade using borrowed money. Usually occur on the T + 3 day, where T = day u brought using borrowed moneyOriginally posted by TehJarVu:why do they force sell when prices (shares or properties) hit bottom? how does it benefit them? -
.sg no longer active leOriginally posted by ^tamago^: -
There are some serious discussions about the financial crisis over here if you are interested: http://www.newsintercom.org/index.php?itemid=540
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it is not that they "force sell" when it hits bottom... it is that they will sell even at the bottom if you borrow money from them to buy stocks... and usually you will end up having your stocks sold at the bottom because that is the natural consequence. When it is at the top, they have no right to sell off your shares... when it is at the bottom, they "have to" sell off your shares if you cannot meet their margin calls.Originally posted by TehJarVu:why do they force sell when prices (shares or properties) hit bottom? how does it benefit them? -
I just checked...
ST Index
3,228.66 -93.72
Volume
2,133.2 M
Gainers/Losers
298 / 621
I hope those that borrowed money to buy stocks took my advice and sold when it rebounded strongly...Originally posted by AndrewPKYap 18 August 2007 · 05:27 AM:Be afraid, be very afraid.... sell on big rebound... especially if you are holding stocks with borrowings... (if you are still alive!) -
Here we go again...
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Yen Might Strengthen for a Third Day as Carry Trades Unwind ...
Chart (post) above and this quote from Bloomberg -
ST Index
3,269.52 -73.48
Volume
642.7 M
Gainers/Losers
94 / 595
* Last Updated : Wednesday, August 29, 2007 10:11:56 AM
Wow convincingly way below 3000 just like that... now, where is that support and resistance guy?
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the fund managers are getting out.
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They got out during the last down... and the locals scooped it up. Now the locals are panicking but there is no one around to buy from them...Originally posted by dragg:the fund managers are getting out.
Blame the government for allowing bubbles to to created. In the end the locals and the small investors suffer. -
wat is a good counter to buy now?
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Now? a bit too eager bah...Originally posted by TehJarVu:wat is a good counter to buy now?
Using borrowed money or margin trading... never
Using your own funds but it is money you need? ...almost never
Using your spare cash? Better to wait until at least end November and see... and then? Any blue chip. -
ooooo.... rebounding...
ST Index
3,290.53 -52.47
Volume
1,484.4 M
Gainers/Losers
150 / 641
* Last Updated : Wednesday, August 29, 2007 2:59:56 PM -
healthy correction wat.......
scared wad? -
u dunno much u hao lian wad?Originally posted by AndrewPKYap:ST Index
3,269.52 -73.48
Volume
642.7 M
Gainers/Losers
94 / 595
* Last Updated : Wednesday, August 29, 2007 10:11:56 AM
Wow convincingly way below 3000 just like that... now, where is that support and resistance guy?
wan to hao lian show me ur results lah
so much cash still outside... pple staying sideline waiting to buy in...
even if break 3000 oso fair wad.... -
y november???Originally posted by AndrewPKYap:Using your spare cash? Better to wait until at least end November and see... and then? Any blue chip.
anything to support??
or r u juz speculating oso???
wahahahahah