well, I made almost $800 from yesterday's purchase of SGX not much but better than nothing
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.
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.
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.
btw are u shorting with CFD?
if don use CFD
how to short a single stock? and how long is the holding period?
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.
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.
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...