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. #161
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    Default Re: SGX plunge today, would you buy/hold/sell

    Feb. 5 (Bloomberg) -- Chinese astrologer Tony Tan, a former broker at DBS Securities, made money for his clients in 2007 by telling them Asian equity markets would turn in ``peak performances'' in the Year of the Pig. He's predicting losses in the Year of the Rat, which starts this week.

    ``Just like a rat, investors will have to be nimble,'' said Singapore-based Tan, an astrologer since 1995 and founder of the Harmony Academy of Chinese Metaphysics. ``It's going to be a highly competitive year.''

    Chinese astrology, based on a mix of philosophy and astronomy dating back more than 3,000 years, has 12 animals that combine with five elements to define each year, making up a 60-year cycle. This year the Rat, a ``water'' creature, combines with the ``earth'' cycle, another unstable combination according to Tan.

    Stock markets are already falling. The MSCI Asia Pacific Index dropped 9 percent in January, its worst monthly performance since September 2001, after a 12 percent gain last year. Benchmarks in 11 of the region's 14 largest markets including China, Hong Kong and Singapore reached all-time highs in the Year of the Pig. MSCI's Asian index reached a record on Nov. 1

    Tan expects markets to bottom out in April, a ``dangerous'' month for stocks because of clashing elements. Prices may rebound as the Year of the Rat continues, without setting new highs, he said.

    ``The Year of the Pig was one of optimal strength,'' Tan said. ``We're not going to see a repeat of those gains.''

    More than 60 percent of 1,572 South Koreans surveyed recently said they had consulted an astrologer for the Lunar New Year or planned to do so, according to CareerNet Co., an online job- information provider in Seoul.

    Favorable Elements

    Some fortunetellers are more bullish than Tan. Malaysia-based Joey Yap, whose feng shui seminar in Kuala Lumpur last month drew a crowd of more than 3,000 participants, said there will be plenty of opportunities to profit this year.

    ``There's uncertainty, but there's also a lot of activity and growth,'' Yap said. Investors should buy shares of companies in the commodity-related, medical and transportation industries, he said, citing their favorable elements in this lunar year.

    In the last Earth-Rat Year between Feb. 10, 1948, and Jan. 28, 1949, China was divided by civil war and Japan was still recovering from its defeat in World War II. The MSCI Asia index fell 19 percent in the most recent Year of the Rat, a ``fire'' year, between Feb. 19, 1996, and Feb. 6, 1997.

    The new lunar year begins Feb. 7 in many Asian countries including China, marking the start of a week-long holiday.

    Beat Lenherr, who helps oversee about $20 billion as chief global strategist of LGT Capital Management in Singapore, has consulted a fortuneteller -- who makes divinations based on readings of the stars, numbers and energy flows -- for both personal and professional advice for the past eight years.

    ``Uncertainty will prevail and volatility will continue to be high,'' said Lenherr.

    http://www.bloomberg.com/apps/news?p...AlA&refer=home

  2. #162

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

    Time to consolidate position, sell useless stock and search for good stocks.
    A RED of sea in the financial market. Red means good in Chinese.

  3. #163
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    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by scanner View Post
    Time to consolidate position, sell useless stock and search for good stocks.
    A RED of sea in the financial market. Red means good in Chinese.
    not now.. wait for the final assault @ 2300-2400

  4. #164

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

    Quote Originally Posted by raincool2005 View Post
    not now.. wait for the final assault @ 2300-2400
    Oh yes, a sea of REDS and markets still not stable yet...
    There might be more sell down in the U.S market. Lets watch the situation.

  5. #165

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

    I am still waiting for Venture to collapse below $8 which happened on the black Monday at $7.75.

  6. #166
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    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by USM View Post
    I am still waiting for Venture to collapse below $8 which happened on the black Monday at $7.75.
    if u want something better, i suggest the 3 banks, but not now.

  7. #167

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

    Quote Originally Posted by raincool2005 View Post
    if u want something better, i suggest the 3 banks, but not now.
    Yes, the 3 banks. Let them free fall .......... Still haven't reached lelong stage.

  8. #168

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

    Quote Originally Posted by USM View Post
    Yes, the 3 banks. Let them free fall .......... Still haven't reached lelong stage.
    Still got long way to go, banks are actually great investments, money spinning entities.

  9. #169

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

    Quote Originally Posted by USM View Post
    Yes, the 3 banks. Let them free fall .......... Still haven't reached lelong stage.
    While waiting, maybe can accumulate more ammo...

  10. #170

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

    Quote Originally Posted by Parchiao View Post
    Still got long way to go, banks are actually great investments, money spinning entities.
    Yes, every year declares dividends and capital appreciation. Imagine the directors are getting fat bonuses and perks, etc.

  11. #171
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    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by USM View Post
    Yes, every year declares dividends and capital appreciation. Imagine the directors are getting fat bonuses and perks, etc.
    this year the banks will earn less, take this time to make long term investment.. dun rush and just watch for a cheap buy..

  12. #172

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

    Quote Originally Posted by raincool2005 View Post
    this year the banks will earn less, take this time to make long term investment.. dun rush and just watch for a cheap buy..
    Only 2008 earn less. The banks have been making good profits for years.

    Yes, there is no need to rush. There are some invisible hands supporting the banks esp. DBS.

  13. #173
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    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by USM View Post
    Only 2008 earn less. The banks have been making good profits for years.

    Yes, there is no need to rush. There are some invisible hands supporting the banks esp. DBS.
    yes, infact the lending rate has dropped in 2007.

  14. #174

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

    Quote Originally Posted by raincool2005 View Post
    yes, infact the lending rate has dropped in 2007.
    Likely recession will hit us late this year or next year if US & EU is into recession...

  15. #175

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

    The US markets rallied again. Dow up 178 points because of upbeat sales data.

    The markets are just waiting for good news to be released after weeks of bad news.

    Those who have traded / invested a few weeks ago are rewarded.

    Creative Technology .....

  16. #176
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    Default Re: SGX plunge today, would you buy/hold/sell

    sell into strength ! take profits ! while u still can...

    Singapore Cuts 2008 GDP Estimate on Global Slowdown

    http://www.bloomberg.com/apps/news?p...Kzo&refer=home

  17. #177
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    Default Re: SGX plunge today, would you buy/hold/sell

    good day to short i reckon.

  18. #178
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    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by USM View Post

    Creative Technology .....
    Tell that to those who bought at S$65.....

  19. #179
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    Default Re: SGX plunge today, would you buy/hold/sell

    i prefer a short technical recession to come, at least we all restart everythng fresh and new from ground zero.

  20. #180
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    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by raincool2005 View Post
    i prefer a short technical recession to come, at least we all restart everythng fresh and new from ground zero.
    yeah that's true..... but no recession will start with a bear market. Just like no soccer game will start with a red card.

    I think we'll see a short bull then probably the recession. Just my opinion.

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