View Poll Results: SGX plunge today, would you buy/hold/sell/avoid

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  • Buy

    18 26.09%
  • Sell

    5 7.25%
  • Hold

    27 39.13%
  • Avoid

    19 27.54%
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Thread: SGX plunge today, would you buy/hold/sell

  1. #101
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    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by USM View Post
    STI rallied again. Recovered almost 300 points. Panic selling leads to good trading opportunities. Those who bought on Monday are making a killing now. Who cares whether it is technical rebound or not. They saw the opportunities and went in. Hence, they were paid off for the risk taken.

    For example, Venture dipped to $7.75 before powered back to > $10. You will make $3,000 within a day.

    If you just want to invest, then just buy good stocks and keep them. No need to monitor the market at all. Only traders need to monitor them. Therefore, know yourself first - are you an Investor or Trader.
    sold some yesterday, it was easier said than done. USM, it is not so simple.

  2. #102

    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by raincool2005 View Post
    sold some yesterday, it was easier said than done. USM, it is not so simple.
    haha.... if it's so simple .... then we would all be shooting with 1dsMk III and 200mmf2 now ....
    always the Light, .... always.

  3. #103

    Default Re: SGX plunge today, would you buy/hold/sell

    well, I made almost $800 from yesterday's purchase of SGX not much but better than nothing

  4. #104

    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by raincool2005 View Post
    sold some yesterday, it was easier said than done. USM, it is not so simple.
    My friend, you missed my point again.

    Never mind, no point debating.

  5. #105

    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by chisiang View Post
    well, I made almost $800 from yesterday's purchase of SGX not much but better than nothing
    Congras! You made the right move. Cash out once you make profits.

  6. #106
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    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by USM View Post
    My friend, you missed my point again.

    Never mind, no point debating.
    i know u are refering to opportunities in nature of trading, a shock selldown will result in rebound somehow.
    Last edited by raincool2005; 26th January 2008 at 10:09 PM.

  7. #107
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    Default Re: SGX plunge today, would you buy/hold/sell

    there will be a pullback on Monday becos Dow closed -171.44 at 12,207.17

    there might be opportunities as some big men has begin preaching our fundamentals are stronger than last time, such words can support the market. Look out for blue chips and some strong mid-caps.

    a profitable selldown by hedgers is difficult to repeat again as surprise factor in previous attack is no longer effective.
    Last edited by raincool2005; 26th January 2008 at 10:10 PM.

  8. #108

    Default Re: SGX plunge today, would you buy/hold/sell

    It doesn't matter whether it is technical rebound, recession, oil spike, etc. If you can't make a single cent or worst still lose money, what is the point of talking.

    We have seen those guys who always talk about bear market, even in CS but still buy stocks when the prices dropped, and made profits. This tells you what? You guys go and figure out why. Dun read too much into so called gurus' theories, etc. They gave reasons for you to sell, so that they can buy from you at dirt cheap prices.

    Do your own homework whenever is possible.

  9. #109
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    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by USM View Post
    It doesn't matter whether it is technical rebound, recession, oil spike, etc. If you can't make a single cent or worst still lose money, what is the point of talking.

    We have seen those guys who always talk about bear market, even in CS but still buy stocks when the prices dropped, and made profits. This tells you what? You guys go and figure out why. Dun read too much into so called gurus' theories, etc. They gave reasons for you to sell, so that they can buy from you at dirt cheap prices.

    Do your own homework whenever is possible.
    USM, i made money in both ways (bull and bear). As a trader and investor i depend on big boys to do the work and i just ride on it. Bear market can make money lah, just sell high and cover low, fear is greater than greed in 2008. Most traders only know the normal usual way.

    fyi, gathered from close associates, this selldown is so strong that some funds kenna margin calls, they bought shares on loans, some lost big time.
    Last edited by raincool2005; 26th January 2008 at 11:29 PM.

  10. #110

    Default Re: SGX plunge today, would you buy/hold/sell

    raincool2005
    btw are u shorting with CFD?

  11. #111
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    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by soeypixels View Post
    raincool2005
    btw are u shorting with CFD?
    dun use CFD.. it is expensive

    i can trade anyway, sometimes short, sometimes long, sometimes both ways on single stock
    Last edited by raincool2005; 26th January 2008 at 11:58 PM.

  12. #112

    Default Re: SGX plunge today, would you buy/hold/sell

    if don use CFD
    how to short a single stock? and how long is the holding period?

  13. #113
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    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by soeypixels View Post
    if don use CFD
    how to short a single stock? and how long is the holding period?
    Soeypxiels, can i know have u trade any shares before ?

  14. #114

    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by raincool2005 View Post
    USM, i made money in both ways (bull and bear). As a trader and investor i depend on big boys to do the work and i just ride on it. Bear market can make money lah, just sell high and cover low, fear is greater than greed in 2008. Most traders only know the normal usual way.

    fyi, gathered from close associates, this selldown is so strong that some funds kenna margin calls, they bought shares on loans, some lost big time.
    Of course, I know that you are trader. Regardless of bull or bear, you will make money. You need big boys or news to make money. It is how you make use of them.

    However, some people always think that bear market cannot make money.

    Stock prices need to take a breather after powering so much in 2007. Some of the prices are simply unrealistic. With this sell-down, it has brought some of the stocks to more reasonable levels. It is up to individual to pick up the gems.

  15. #115

    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by raincool2005 View Post
    Soeypxiels, can i know have u trade any shares before ?
    yes ..
    trade abit for the past 2yrs .. still new in this field

    now reading up on UTs cos i want to invest before april fool

    want to know more on shorting .. tat time attending a talk by SGX ..
    so get to learn abit of CFD

  16. #116
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    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by soeypixels View Post
    yes ..
    trade abit for the past 2yrs .. still new in this field

    now reading up on UTs cos i want to invest before april fool

    want to know more on shorting .. tat time attending a talk by SGX ..
    so get to learn abit of CFD
    Shorting or known as Short Sell is that u expect the prices to drop, so u sell first at high and then buy back at lows. In some brokerages, u can open accounts to borrow shares to sell first and then u can buy back into your account at a later time

    To understand this easily just remember it is all in opposite directions.

    I had not short-sell a single share in 2008 as i am hold up by some work. However i did took a risk to buy up after Fed cut rates, and sell off in the rebound, made some peanuts of few hundreds, maybe enough to top EZ link card for 3 months.
    Last edited by raincool2005; 27th January 2008 at 12:56 AM.

  17. #117
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    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by USM View Post
    Of course, I know that you are trader. Regardless of bull or bear, you will make money. You need big boys or news to make money. It is how you make use of them.

    However, some people always think that bear market cannot make money.

    Stock prices need to take a breather after powering so much in 2007. Some of the prices are simply unrealistic. With this sell-down, it has brought some of the stocks to more reasonable levels. It is up to individual to pick up the gems.
    USM, actually some of the prices are slightly reasonable now. I had spotted some gems.

  18. #118

    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by raincool2005 View Post
    USM, actually some of the prices are slightly reasonable now. I had spotted some gems.
    Good.

    Just like GIC / Temasek. They have spotted a few gems too.

  19. #119
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    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by USM View Post
    Good.

    Just like GIC / Temasek. They have spotted a few gems too.
    USM, lucky the big men started to talk..

    are u thinking to buy Citibank shares ? i am looking at it..

  20. #120

    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by raincool2005 View Post
    USM, lucky the big men started to talk..

    are u thinking to buy Citibank shares ? i am looking at it..
    Seriously, I would rather hope, there will be another few rounds of sell down, which will make some of the companies shares attractive and plan to park some cash in those shares for a mid to long term.

    Anyway, I believe there will be more sell down if more bad news such as more banks need to write down on bad debt due to sub-prime and consumer credit card default...

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