STI: End of the Road?
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5-yr STI chart from Yahoo finance
With each passing day, STI is breaking historical highs and doesn't seem to be looking back. It surged past the 2240 psychological level weeks ago and broke the 5 year highs. As you can see, it has went on a 3 year winning streak with only a short breather in 2Q04.
Neither the London Bomb Blast nor the surging oil prices can dampen it's spirits.
What are your views? BULL market or a BIG correction is on the cards?
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Looks like its going to take 2 tsunamis and a collapse of HDB Hub to bring the STI down...
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I refer to 2 articles in the Biz Times on where analyst expect STI to head..
Three forces seen taking S'pore stocks to next level
Published July 27, 2005
they are Yuan reforms, Property Measures, and decent stock valuations.
STI's mid-term uptrend intact
Published July 27, 2005
The firm support is at 2,270 to 2,280. Above this, support is at 2,296 to 2,309.
The current breather off 2,343 should eventually lead to further upside towards the next key technical objective around 2,400. -
For the week, it lost 35.7 points or 1.5 per cent - its biggest decline since February this year.
I took a chance for bargain hunting and bought something on Thurs. Let's see how it goes this week.
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The Straits Times Index dropped 23.44 points to 2,279.76.
Volume was 810.8 million shares.
Losers beat gainers by 421 to 116 while 465 counters were unchanged.
Your views? -
what did you buy? Im thinking of shorselling something..heheOriginally posted by k4korny:For the week, it lost 35.7 points or 1.5 per cent - its biggest decline since February this year.
I took a chance for bargain hunting and bought something on Thurs. Let's see how it goes this week. -
If there's anything history has taught me, dont predict the market! Look around for stocks of companies with the right fundamentals, keep track of them and enter to buy when the price is right, such during a market correction or irrational selling that depreciates prices. That's when you can get good stocks at a bargain.
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Thats what I call investingOriginally posted by leddy:If there's anything history has taught me, dont predict the market! Look around for stocks of companies with the right fundamentals, keep track of them and enter to buy when the price is right, such during a market correction or irrational selling that depreciates prices. That's when you can get good stocks at a bargain.
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I bought hard disk drives.Originally posted by shade343:what did you buy? Im thinking of shorselling something..hehe
Another lesson (which actually is a variation of this advice) is that: in uncertain times, it's better to hold cash. so that when there's a correction, (1)you won't be wiped out. (2) you can pick out the cheap bargain w/o hurting your portfolio.Originally posted by leddy:If there's anything history has taught me, dont predict the market! Look around for stocks of companies with the right fundamentals, keep track of them and enter to buy when the price is right, such during a market correction or irrational selling that depreciates prices. That's when you can get good stocks at a bargain. -
i agree, cash is king during market downturns, u can buy whatever fcuk u want while others are losing money... the feeling is fcuking shiok I tell you.. having said that i'm no pro... just from experience losing money
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like now?Originally posted by leddy:i agree, cash is king during market downturns, u can buy whatever fcuk u want while others are losing money... the feeling is fcuking shiok I tell you..
what's your view on the mkt? -
last time but a little only la.
havent been tracking the market, now studying, so no comment. -
Originally posted by leddy:
But last weekend, I watched an analyst on CNN said, that it is about buying at the wrong time and selling at the wrong time that makes the money wor.
i agree, cash is king during market downturns, u can buy whatever fcuk u want while others are losing money... the feeling is fcuking shiok I tell you.. having said that i'm no pro... [b]just from experience losing money[/b] I guess it's about which side of the fence, one is on eh? -
i dont get u. anyway i try not to listen to so called experts on tv. they probably earn more giving advices on tv than making money from the stock market. I like warren buffett kinda investment philosophy which I think makes most sense to me.
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just saw this..Originally posted by littlestream:But last weekend, I watched an analyst on CNN said, that it is about buying at the wrong time and selling at the wrong time that makes the money wor. I guess it's about which side of the fence, one is on eh?
interesting! I think it's another way of talking about the contrarian theory. hmm.. think not even contrarian.
meaning you have to buy when both contrarian and the general public dunno whether it's the right time to buy/ sell?? cheem.
most bull and bears starts when ppl least expect them to. so if you happen to be in the market at this wrong time... you'll ride on the highest point of the wave. rite? -
Just a warning, it is always calm b4 a thunderstorm.
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Wah.......cheem ah, k4korny......but, right!Originally posted by k4korny:just saw this..
interesting! I think it's another way of talking about the contrarian theory. hmm.. think not even contrarian.
meaning you have to buy when both contrarian and the general public dunno whether it's the right time to buy/ sell?? cheem.
most bull and bears starts when ppl least expect them to. so if you happen to be in the market at this wrong time... you'll ride on the highest point of the wave. rite?
"ku zhang" -
ku zhang?Originally posted by littlestream:Wah.......cheem ah, k4korny......but, right!
"ku zhang"
hahaha.. translation please.. -
STI has droppped about 100 pts in the past week liao.. think it's starting to rain liao rite?Originally posted by yuppy4life:Just a warning, it is always calm b4 a thunderstorm. -
Aiyah........looks like I have to either give up pinyin or go get a book.Originally posted by k4korny:ku zhang?
hahaha.. translation please..
I meant *applause*. -
ohhh!!
paiseh... must be me! brain not working at this hour liao.. -
Originally posted by k4korny:ohhh!!
paiseh... must be me! brain not working at this hour liao..
It's okay. Maybe my pinyin too. Anyways, at least we get the thread longer right? Activity, activity. You see ah death's new forum also bustling liao loh.
Okay, bye bye....six minutes to clock strikes 4pm.
Cya tomorrow, okay? -
ok! nite!
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Yesterday, Singapore share prices closed 1.12 per cent higher on Tuesday after four straight days of losses as bargain-hunters bought stocks. The Straits Times Index closed 25.54 points higher at 2,305.30. Volume was 778 million shares valued at $771 million (US$467 million), down from 811 million shares worth $828 million on Monday.
Today, Singapore share prices closed 1.09 per cent weaker. The STI dropped 25.07 points to settle at 2,280.23. Volume was 926million shares valued at $1,046.7M -
STI closed flat on Fri at 2286.4.
for the week, it is down 16.8 pts..
As expected, 'Analyst' blames the current drag on oil.
Investors may look for leads in LHL's National day rally. But i din hear much that will create a big stir. if anything, probably will be in the p'ty sector cos of the Marina/ Orchard rd project, upgrading of the older estates, and subsidies for the lower income group.