BTW you people know that the market crashed today?
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Here we go again....
VALUE 13,181.91
CHANGE -281.42
% CHANGE -2.09
TIME 16:30
TOTAL MEMBERS 30
UP 0
DOWN 30
UNCHANGED 0
Updated: New York, Aug 03 17:13
London, Aug 03 22:13
Tokyo, Aug 04 06:13
Singapore Aug 04 05:13 -
Question: will STI hit 3000 on Monday? Down +/- 400? Not impossible!
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Do you have any exposure in the Singapore market?Originally posted by AndrewPKYap:Question: will STI hit 3000 on Monday? Down +/- 400? Not impossible! -
see the opening post of this threadOriginally posted by maurizio13:Do you have any exposure in the Singapore market?
but you should know this:Originally posted by AndrewPKYap:ST Index
3,467.55 -112.18
Volume
3,389.9 M
Gainers/Losers
105 / 968
* Last Updated : Friday, July 27, 2007 3:59:56 PM www.sgx.com
hahaha I told my wife to sell and she sold last couple of weeks (after holding for years and patiently waiting for the market to go up)... *feeling smug*
commiserations to those that bought on credit (borrow money to buy)... hopefully you have not wipe out all your money (the value now less the amount you borrowed = zero; all the money you put in wiped out)
Never borrow money for gambling and never use money you need for gambling... listen to this old uncle for once!Originally posted by littlebeaker:but you also shout loud loud that you predicted the market right what.Originally posted by AndrewPKYap:NO! Not predict the market right.... just feel so lucky got out in time before this last two days crash... you never know, after this crash, then maybe even go higher than what we sold? hahahahaha I am not going to even care... I earn my living from working smart, not gambling in the stock market...
if the market or I should say, when the market becomes down and out I will consider buying again.. that might be a fews years later... or I might buy Thailand because of their troubles there... hahahaha buy when nobody wants and sell when everyone excited...
whatever I do it will never kill me or burn me... that is the key to making money in speculative markets... there is no chance for error... even if the companies of the stocks I buy close down, I am fine. How to lose? -
Sorry, didn't really follow the thread.
Lucky you. -
Originally posted by maurizio13:Sorry, didn't really follow the thread.
Lucky you. Be a good and kind person and luck will follow you around... (just a belief, not based on rational thinking) -
Currently the Dow has gone down 281 pts & there is a moderate to high possibility that a crash may be on the cards.
Lets's wait for the Monday opening, keep our fingers crossed & hope for the best.
Good luck to everyone. -
many counters are overpriced.
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It's quite ironic, reuters was reporting about Bear talks.
By Kristina Cooke
NEW YORK (Reuters) - Stocks slid sharply on Friday after Bear Stearns said credit markets were in their worst shape in two decades, while jobs data aroused further concerns about weakness in the economy.
Bear Stearns Cos. stock fell 6 percent after the comments from its chief financial officer, which exacerbated mortgage jitters and drove the three major indexes down more than 2 percent in a broad market sell-off.
.................
Source: http://www.reuters.com/article/newsOne/idUSN0326786220070803 -
AFTER the crash, it simply goes to reasonable prices, how not to crash? Many times it crashes to unreasonable price levels in anticipation of really bad times ahead.Originally posted by dragg:many counters are overpriced.
So if you think, hey it is now down to unreasonable low levels... remember that it is only unreasonable low based on current valuation and not future valuations.
Based on future valuations, the current "unreasonably low prices" might be unreasonably high prices even.
Therefore, with all these uncertainty, you never buy stocks with borrowed money or trade on leverage (like futures trading that you must avoid at all cost). -
AndrewPKYap, how about those shares on a particular company? I have bought shares on one company, not listed in STI though. Initially, my purpose is to buy and keep for long term. But seems that, like what is being said, the market might crash. Should I just sell it now or just keep?
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fuck lah!
those funds that i have bought also much affected by us index .
from profit becomes lost...
us market still dropped again on friday by 2.1%!!!
boh bian... have wait for market to returns.
and i hrd from my friend that there might be a market correction waiting ahead.
dun no this true or not??? -
One of the worse thing to do is to keep changing your mind.Originally posted by Jader:AndrewPKYap, how about those shares on a particular company? I have bought shares on one company, not listed in STI though. Initially, my purpose is to buy and keep for long term. But seems that, like what is being said, the market might crash. Should I just sell it now or just keep?
Everyone is predicting a crash but no one knows for sure.
No one knows for sure even if there is a crash, how low your particular counter will go.
No one knows for sure whether or not on Monday it will open down 400 points then rebound to unchanged at the close.
No one knows for sure whether or not on Monday it will open down 40 points then continue to go down and close down 400 points.
No one knows for sure whether or not on Monday there will be a crash in Asia directly causing a crash in the US on Monday night, Asia Time (Morning in the US) and the crash in the US overnight causing a crash in Asia on Tuesday.
AFTER it happens, you will think how "stupid" you are for not "predicting it" when it is so clear. It is only "so clear" AFTER it happens.
AFTER you sell, what are you going to do with the money? You cannot know that after you sell you will lose the money to something else.
Therefore as long as you do not do blatantly stupid things like playing the market or borrow money (or use money you need) to buy stocks, just stick to your original plans. -
Thanks for the advise.. That's very true. I guess I will just stick to the original plans and "forget" what is going on at the moment.. Thanks.
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If anyone of you out there are really scared (as opposed to simply fed up with the situation) how the market will react tomorrow, you need to
1. Change your life
2. Change your attitude towards life
3. Change your philosophy of life
4. Change your beliefs/discard your beliefs and live in reality/rationality
5. Change your dreams in life
In order words, you, at the moment, if you do not change yourself, is a sorry specimen of a human being and you need to make some really extensive and drastic changes in your life. Good luck. -
Borrowing from a religious concept: In the the securities market, the
First Truth: There Is up and down.
Second Truth: There is a Cause for up and down.
Third Truth: There is Cessation of up and down.
Fourth Truth: There is a Path leading to the cessation of up and down.
Read: Up & Down as Bulls & Bears -
Bulls & bears
Sometimes here & sometimes there
Investment pundits, gurus, & economists
Will analyse, chart, predict but still miss
The bears are in the forest in full
But they mistaken them to be bulls
Predict, forecast & sweet or sour talk
Listen but take them with a pinch of salt -
I like this. Besides bulls and bears, there are also cows and sharks.Originally posted by richong 3216:Bulls & bears
Sometimes here & sometimes there
Investment pundits, gurus, & economists
Will analyse, chart, predict but still miss
The bears are in the forest in full
But they mistaken them to be bulls
Predict, forecast & sweet or sour talk
Listen but take them with a pinch of salt
Cows simply follow the bulls or bears. Sharks are manipulators (syndicates & hedge funds). They will swallow the bulls or bears. -
andrew... y u so haolian?
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don't care since i can afford to hold long term
i just need to sell off one stock due to work issue
it is making losing over 3k
got to cut this off soon -
ah... because I worked it all out oready lor... that is to say, you throw any question at me, I can answer them based on REALITY.Originally posted by sunny6110:andrew... y u so haolian?
Reality is good because reality is never wrong. -
in reality, u oso haolian ar?Originally posted by AndrewPKYap:ah... because I worked it all out oready lor... that is to say, you throw any question at me, I can answer them based on REALITY.
Reality is good because reality is never wrong. -
tat one you say one leh... not me...Originally posted by sunny6110:in reality, u oso haolian ar?
I am just pointing out a FACT, a REALITY that I know more, much more then most people... when it comes to gambling at the casino, futures and options and stock market... -
are u the lengendary du shen???!!! or.... GU shen???!!Originally posted by AndrewPKYap:tat one you say one leh... not me...
I am just pointing out a FACT, a REALITY that I know more, much more then most people... when it comes to gambling at the casino, futures and options and stock market... -
Somehow, I have a feeling that u are trying to promote the sales of ur book here.Originally posted by AndrewPKYap:It is important to know the full story... a little knowledge can be a very dangerous thing. see the words at the bottom of this pic: