UOB stock. 2 Botaks will do something

[SalahParking]

First Support

 

[Valium]

@ginfreely SioB buy how much?
Hope it crash to below $5 until her CB tear.

 

[laksaboy]

Stay away from all banking and financial stocks. Trust me on this.

If you really want to punt on stocks in general, at least wait till early-mid April, then early June.

I still don't recommend doing it, but those two 'checkpoints' will give you a clearer picture.

 

[nayr69sg]

Stay away from all banking and financial stocks. Trust me on this.

If you really want to punt on stocks in general, at least wait till early-mid April, then early June.

I still don't recommend doing it, but those two 'checkpoints' will give you a clearer picture.

Yea right now making money should probably not be the most important thing in life.

 

[Gallego99]

If you're a daytime trader, volatility is your friend. Capitalize on people's fear. As far as the banks are concerned, the impact is still unclear and it has yet to play itself out. Suffice to say earnings will be severely tested. Lookout for NPLs. Supply side issues in China are on the mend and that's a huge positive. With a barrage of stimulus plan across the globe, we may just avoid recession in the second quarter.
I'm with the camp of analysts expecting a possible V shaped recovery. The virus would burn itself out in late May or early June and recovery thereafter will be in double digits. Covid-19 will not magically disappear from the face of the earth but the bulk of the countries would have it under control(sustainable). The key data is recovery/infection and not the morbid notion of how deadly the virus is.

 

[Gallego99]

Yea right now making money should probably not be the most important thing in life.

There is no better time to make money than events like this. Black swans are rare.

 

[nayr69sg]

There is no better time to make money than events like this. Black swans are rare.

Yes. In the stock market it is a zero sum game by and large.

Someone loses money someone makes money.

I am not worried at all about the economy and what not. It will recover. I agree it will be a V shaped recovery. At worst U shaped.

There is opportunity always. With the stock market you are still going to have to wait for that recovery to make money.

Meanwhile I am currently hard at work putting our telemedicine plans in place. The doctors who adapt faster where I am will make the money during this time where most patients will avoid the clinics. Those who dont will lose market share.

believe it or not I could make MORE money during this period than during normal time. LOL!

 

[SalahParking]

Wah, so many people buy UOB, state your entry prices...

 

[SalahParking]

where is that person with the glorious order book? ...kekekke

Stocks and bonds crashing. I m sure UOB treasury Trade book is also in order. How I know? ....hehehe..

 

[blackmondy]

I love to see crashes like this. 唯恐天下不乱是我人生宗旨.

 

[zeebjii]

If you're a daytime trader, volatility is your friend. Capitalize on people's fear. As far as the banks are concerned, the impact is still unclear and it has yet to play itself out. Suffice to say earnings will be severely tested. Lookout for NPLs. Supply side issues in China are on the mend and that's a huge positive. With a barrage of stimulus plan across the globe, we may just avoid recession in the second quarter.
I'm with the camp of analysts expecting a possible V shaped recovery. The virus would burn itself out in late May or early June and recovery thereafter will be in double digits. Covid-19 will not magically disappear from the face of the earth but the bulk of the countries would have it under control(sustainable). The key data is recovery/infection and not the morbid notion of how deadly the virus is.

Why do think you think the virus will burn itself out in june?

It is as likely to start its second round of its world tour restarting in china in june.

It's very clear now what scares people is not the death/recovery rate. It's the high exponential infection rate. About 20% of those infected with require intensive care. You go do the maths.

 

[SalahParking]

 

[blackmondy]

View attachment 73716

There's further room for freefall.

 

[Valium]

There's further room for freefall.

Just like @ginfreely's pair of tits.

 

[Gallego99]

Why do think you think the virus will burn itself out in june?

It is as likely to start its second round of its world tour restarting in china in june.

It's very clear now what scares people is not the death/recovery rate. It's the high exponential infection rate. About 20% of those infected with require intensive care. You go do the maths.

Look at the timeline of discovery, action and control in China. It took about 3 months. I've posted a video by Nathan Rich who gave a snapshot of the events that unfold in China.
With an R0 of 4, I'd say the transmission rate is high but with a disciplined approach both at individual and national level, the infection can be slowed and contained.
You indicated 20% of those infected that require intensive care. Well, what about the 80%? Life and death are two sides of the same coin. Don't be overwhelmed by headline numbers. Just dig deeper.
After the peak in wuhan around late Feb/early March, the incidence of new infection fell dramatically. Read also an article posted by cloudy of a Korean girl's experience with covid infection.
Last but not least, the contagion across Europe, North America and the Middle East are at different stages. It got into full swing in March and June appears to be a reasonable dateline.

 

[Gallego99]

Even this dodo PM figured out it would take about 12 weeks-3 months. Well done Boris!!!

Boris Johnson says the UK can turn the tide against coronavirus within 12 weeks
U.K. Prime Minister Boris Johnson offered citizens a piece of optimism Thursday, saying in a daily briefing that the country could turn the tide against the coronavirus if the right measures were taken.

https://www.cnbc.com/2020/03/19/cor...on-says-uk-can-turn-the-tide-in-12-weeks.html

 

[SalahParking]

House Treasury traders may have miscalculated on the USD. This applies to the other banks too and of course GIC. hehheheh