-
IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here. The OTHER forum is HERE so please stop asking.
TopSage : Daily Market Talk ....
- Thread starter TopSage
- Start date
Stay calm and know your advantage. I already did some checks on who was selling on Friday...some groups of contra-players go caught out and needed to dump. BBs maximise their pain of getting caught off.
This position I'm quite confident. Shouldn't be a problem....but everyone should assess how much risks and drawdown they can stomach.
Last edited:
Look I suggested to put trailing stops so you're taken out automatically.
I myself already started shorting the indices like HSI, which I expect to be weak in the coming weeks.
There are a few sources:
1. Extensive modelling with inter-market correlation analysis. This I use metastock.
2. A special system I use for more speculative plays that filter and signal certain market movement that is correlated with future release of price moving news. This is based on
the weak efficient character of our markets that news tend to leak before release.
Most of my trades are on the HSI index which is my bread and butter. Other trades are opportunistic.
Why dont you find a job which contributes to the economy? You cant make a living by full time gambling.
I rather do a useful job that contribute to economy. In fact I did try. But in Singapore, it is already bad enough for graduates, for non-graduates like myself, basically you work as a low
income worker and the conditions are very bad. Without qualifications nobody will hire you even if you have a good brain (which I believe I possess one..unless you disagree) for a job that will use your ability.
I ended up trading for a living. But I make myself useful by giving tuition free to poor children.
Another tear jerker. Dont like that leh I already cried after watching the Thai commercial earlier.
To me leading a righteous and useful life is very important. Even if I work as a shoe shine boy or waiter so long as it pays me enough for a decent life I don't mind - however in this economy it doesn't and my heart bleeds for who have no choice but to struggle in low income jobs under poor working conditions.
To me I sold a piece of my soul to the devil in order to make money. I hate it to be compelled to do this for a living. But we are living under leaders who would sell anything for money - be it casinos or F1, there is no morality only considerations of money...all driven by greed. A rich society destroys itself faster than anything when morality is eroded. These days we hear of 17 year olds who sell their body to buy material goods, civil servants who steal public funds to gamble, scandals in charities and religion....WE MUST BE IN DEEP DENIAL TO THINK NOTHING IS WRONG....EVERYTHING IS GOING WRONG IN THIS COUNTRY. ...and this is the outcome of bad short-sighted leadership
Last edited:
So TS, when do u expect hsi to fall? Your WE any target price?
30 Sep 2013
Market has move down for last 2 weeks since I called a sell on the market,
Today the HSI sank some 283pts due to fears of US govt shutdown the dow
futures is down 102pts as of now (2pm Sg time).
I'm covering all my short positions in HSI and switching to go long.
Today is the last days of the recent selloff
offers a good opportunity to go long for HSI (now 22890) because of the divergence between HK and Shanghai market. The Chinese (Shanghai) market is up today and HSI will be pulled up in the coming days.
I recommend to close your shorts.
I have a losing position in Ezra which I bought at 1.24-1.27 range. I expect this stock to recover sharply in the coming days.
Last edited:
sinkielan market leh? ...
Most asian markets react to fear of a US govt shutdown. But the stuation is not as serious as the markets assess it to be. I am betting that it was an over-reaction. There is nothing unusual about investors failing to stay calm and panicking. However, my take is incumbent law makers know that Americans are sick and tired of the bickering and a govt shutdown will ultimately chances of House Republicans - they will posture to satisfy their support base but after that will play ball ...or seriously damage their re-election chances.
My gut feel is the DOW is expected to fall 100pts but will fall far less than 100pts.
Last edited:
TS, u think hsi will continue rally this whole week? How much more?
I called to cover shorts of HSI on 30 Sept and go long, HSI has rallied nicely since and today it is up another 200pts. I expect further upside pulled up by the improvement in China's economy. HK is more directly linked to China than us, which helps to more than offset the situation in US.
How long will it last? I'm monitoring day by day to decide when to get out. The US Republicans are a wild bunch and the debt ceiling issue is coming up, while there is strong belief all will come out okay, they will still rattle investors and the economy to achieve their political and ideological goals.
Last edited:
Agree, there is more upside in emerging market esp SSE.
Hsi very weak today. TS any view?
I spent the morning buying 2nd liner stocks that have been sold off.
Now I'm interested in the HSI which fell -188pts (now 22935pts).
WHY? Are we not all suppose to PANIC?
Isn't the market having a LONG WAY MORE TO FALL?
The answer is NO. The market is very close to bouncing up although where I called the bottom for HSI, more than a week ago proved to be holding up as the HSI remain above that level despite general weakness.
BUT THE MARKET WILL SOON REBOUND. WHY?
Check this market :
www.tase.co.il
This is the Israeli stock market and it rose 1.4% yesterday. Why? The Israeli traders already got wind that the US impasse will end soon and sources say the mainstream media is not well informed.
My moves today :
1. Morning - BUY small caps and 2nd liners.
2. Noon - BUY HSI.
Market prove fearful. but I think people are missing OPPORTUNITY....some are even SHORTING the market, but it will prove to be their mistake.
Last edited:
Today is considered a more difficult day than reflected by the STI index which remained flat in the midst of
the selloff of just every counter that is not on the STI index.
However, this I consider a buying opportunity. This selloff is more at the tail end dumping for small caps.
The other thing to buy is HSI which will begin to reflect China's improving economy.
The DOW futures was another culprit showing a drop of 140pts during the day souring sentiment.
There is plenty of talk about the US govt shutdown and default. There is plenty of posturing by
politicians that resulted in market worries and anxiety. My take is the Republican side is using
much trickery here and the American voters are not stupid, they know what is going on. While
such strategy appeal to the Republican die-hard base, it can only result in collapse.
Basically they are refusing to fund a budget both sides already negotiated and agreed upon to
extract more concessions and make more demands. This is not only irresponsible, it is dishonest,
Most political analysts know what is going on and they cannot hoodwink people for too long.
the selloff of just every counter that is not on the STI index.
However, this I consider a buying opportunity. This selloff is more at the tail end dumping for small caps.
The other thing to buy is HSI which will begin to reflect China's improving economy.
The DOW futures was another culprit showing a drop of 140pts during the day souring sentiment.
There is plenty of talk about the US govt shutdown and default. There is plenty of posturing by
politicians that resulted in market worries and anxiety. My take is the Republican side is using
much trickery here and the American voters are not stupid, they know what is going on. While
such strategy appeal to the Republican die-hard base, it can only result in collapse.
Basically they are refusing to fund a budget both sides already negotiated and agreed upon to
extract more concessions and make more demands. This is not only irresponsible, it is dishonest,
Most political analysts know what is going on and they cannot hoodwink people for too long.
What your take on blumont? U buy?
Similar threads
