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(Post 2051 of 15224) 09/11/2003.09:30:39 |
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Tonight US markets will observe some minutes of silence in commemoration of those victims in september 11. See story below.
U.S. financial markets will observe a series of moments of silence and trading interruptions on Thursday to commemorate the victims of the Sept. 11 terrorist attacks two years ago. The New York Stock Exchange, Nasdaq Stock Market and American Stock Exchange will observe moments of silence at the following times, all Eastern: 8:46 a.m., when the first hijacked plane struck the North Tower. 9:03 a.m., the time the second plane hit the South Tower. 9:59 a.m., when the South Tower fell. 10:29 a.m., the time of the North Tower's fall. The NYSE's opening bell will be rung by the spouses and families of the NYSE members and trading floor community who were victims of the Sept. 11 events. The Amex, which lost ten of its members on Sept. 11, said it would remember the day with a special opening bell-ringing ceremony in honor of the New York firefighters who were killed. Bond markets The Bond Market Association (TBMA) recommended normal trading hours, suggesting moments of silence at 8:46 a.m. and 10:29 a.m. to mark the beginning and end of the terrorist attacks. The recommendations apply to trading of U.S. government issues, mortgage- and asset-backed securities, over-the-counter investment-grade and high-yield corporate bonds, municipal bonds and secondary money market trading in banker's acceptances, commercial paper and Yankee and Euro certificates of deposit. As a tribute to the hundreds of its members who died in the attacks, TBMA said a wall of video screens would scroll a list of the names of the victims at its New York headquarters from 8:46 a.m. until 10:29 a.m. The bond industry lost more members than other groups because of the high concentration of bond professionals working in the World Trade Center, TBMA said. Cantor Fitzgerald, located on the upper floors in the North Tower, lost 658 employees. Chicago Board of Trade Trading on the Chicago Board of Trade will open as usual, with four minutes of silence to be held at 8:46 a.m., 9:03 a.m., 9:59 a.m. and 10:29 a.m. A one-minute delay will take place in the exchange's agricultural markets, which will open at 10:31 a.m. Chicago Mercantile Exchange The Chicago Mercantile Exchange will observe normal trading hours and hold the same four minutes of silence at 8:46 a.m., 9:03 a.m., 9:59 a.m. and 10:29 a.m. Trading on CME's GLOBEX electronic trading platform will also observe the same periods of silence. New York Mercantile Exchange and New York Board of Trade The New York Mercantile Exchange and the New York Board of Trade will both observe four minutes of silence to commemorate the victims of the tragedies. Following the last minute of silence at 10:29 a.m., the markets will remain closed for another 21 minutes in memory of each of the members and former members of the two exchanges who died. Both exchanges will reopen at 10:51 a.m. The New York Board of Trade moved into the NYMEX building on Sept. 2, 2003 because its headquarters were destroyed in the terrorist attacks. Traders worked out of the exchange's emergency backup facility until its move last week. Metals trading on NYMEX will open as usual while energy trading will be delayed to 10:51 a.m. The weekly Energy Department natural-gas supply update will be issued 45 minutes late at 11:15 a.m. The open for trading in cotton and sugar No. 11 on the NYBOT will be delayed a half-hour to 11 a.m. while trading in sugar No. 14 will open as usual. |
| (Post 2052 of 15224) 09/11/2003.09:38:18 |
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Hi Xiung, I have almost cleared all my long position. But still thinking should I short. 
Anyway, I will not be in front of the terminal the whole day for sure. At most a few more minutes. Given up hope on Singapore market already.  |
| (Post 2053 of 15224) 09/11/2003.09:41:22 |
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Hang on man, thats exactly what the big boys want you to think. You'll be dumping straight into their hands. |
| (Post 2054 of 15224) 09/11/2003.09:41:27 |
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Investeer, in times of storms and lightning, lies hope! Don't give up just yet. |
| (Post 2055 of 15224) 09/11/2003.09:43:33 |
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Johnneyned, you always say "never lose money". So how much you lost from shorting TAC and longing TAC at the WRONG time? |
| (Post 2056 of 15224) 09/11/2003.09:48:19 |
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Friedsan, good morning 
Stirred, fried and all fired up to go. Bon voyage.  |
| (Post 2057 of 15224) 09/11/2003.09:50:22 |
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Thanks for all your support. Don't you all think it is a good time to short now? Even a naked short will make money, isn't it true? Anything to look forward to for the market? Name a few? |
| (Post 2058 of 15224) 09/11/2003.09:54:58 |
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I read a report somewhere (forgot, but i think Nasdaq or Bloomberg) saying that generally fund managers in the States are "convinced" that the economy is getting better.
Holiday season is coming. Unemployment rates is better (although some other reports differ here) Just take a notice whats been bringing the market down for the past few days, its 1 case of SARS and Sept 11 sentiment. All because of panic, nothing to do with economy. |
| (Post 2059 of 15224) 09/11/2003.10:00:03 |
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Investeer, in general US markets perform relatively well in last quarter unless any major upsets will cause they not to. |
| (Post 2060 of 15224) 09/11/2003.10:00:08 |
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When everyone is convinced that the market is better, the market is also fully valued. |
| (Post 2061 of 15224) 09/11/2003.10:01:26 |
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Let me pour some cold water ....
If you die die must hold or still in bull mode .... things to consider 1) Prior to 911 and Sars, the mkt was already on a declining mode in fact 911 and sars contributed less than 50% of the drop from the high more like 10-30% only and therefore the mkt was able to push up 2) What happens if another terror attack in sept followed by more Sars cases in oct?? And given that the mkt had been on a bull chase for 4-6 months (depending on which mkt and your wave count starting either march or may). Therefore downside looks more than upside. Plus the recent run up was powered by tech and penny stocks which was previously speculative stocks, and still are now. SO what is the downside risk?? 1600 - 1200 again ?? monthly data of course.... If you turn bearish and starts shorting, then you must be aware that there are die hard bull out there who hasn't earn enough and would not believe the mkt is going down assuming it is, they may still rush into the mkt or that punters have not undloaded yet so they may support the mkt or push higher to unload ... afterall if you don't push higher who would be buying it from you??? Then again they may decide to cut loss and get out town. Eg did you notice norelco spectacular performance yesterday??? today no volume ..... |
| (Post 2062 of 15224) 09/11/2003.10:05:38 |
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FM?TELFORD
Any latest take on the STI???? Come on Lets bet for a beer and a chat with me  |
| (Post 2063 of 15224) 09/11/2003.10:23:08 |
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FM/TELFORD 
oi oi oi WHRE ART THOU???? wHY nO RESPONSE.... gONE BACK tO au/eNGLIND ALREADY????? |
| (Post 2064 of 15224) 09/11/2003.10:40:41 |
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Singapore shares closed lower yesterday, weighed down by concerns over the possible damage from the single SARS case just diagnosed and also caution over the looming Sept 11th date. The STI was clocked 13.43 points lower to 1566.71, dragged by some heavy selling of banks and index heavyweights. We expect the selling, some of it margin selling arising out of recent price falls, and this cautious sentiment to continue at least till the weekend, with the index likely to find support between 1,500 – 1,550, creating a buying opportunity once the dust settles.
~ NR Asia ~ |
| (Post 2065 of 15224) 09/11/2003.10:46:53 |
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Also, September is generally a down month for the US market.
Tough decision whether to let go or to hold, but certainly got to think twice about buying now. And to let go to cut-loss should the market deteriorate, with the view to buy back later when the market recovers. Good luck. |
| (Post 2066 of 15224) 09/11/2003.10:54:52 |
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It is good time to pick up some good bargains... though not in a hurry!
The MACD (-0.15) and RSI (<20) are interpreted as oversold conditions, though there still may be some indigestion problems. But these are expected to clear away in a week or two. So buyers who are able to Buy and Hold should see sunshine ahead as overbgts vs oversolds are neutralised, and then Papabull's forecast: Where the STI is expected to attempt the 1750-1800 level with better corporate figures for Q3 in the qrtly Oct reporting season for July-Sept session. Papabull was on record under Market Intelligence thread to take profit when the STI hit 1630 on 19th August. Good luck and grit your teeth as you buy... when the goings get tough, the toughs get going. |
| (Post 2067 of 15224) 09/11/2003.10:58:46 |
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Here are the support levels for some stocks:
DMX - Support is at $0.51. GES - Support is at $0.60. Multivision - Support is at $0.275. MFS - Support is at $0.60. Jurong Tech - Support is at $0.77, if that breaks, the next support is at $0.65. China Aviation - Support is at $0.705. Datacraft - Support lowered from US$1.10 to US$1.00. Chartered - Near term support revised from $1.23 to $1.12 |
| (Post 2068 of 15224) 09/11/2003.11:03:29 |
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Virgin san, wah! whole talking football investment to yourself. Won $$$ ah?
Czechs too strong leh.  |
| (Post 2069 of 15224) 09/11/2003.11:11:45 |
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Ash, not every day get to watch so many live games & simultaneously too.. Dun watch, wasted la...
Orangina lost the plot with the early send off of the bulldog so now have to play off... they macam the Senors, have reputation for promising much but often under achieve.. I am a poor investor, always make wrong investments... |
| (Post 2070 of 15224) 09/11/2003.11:25:01 |
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Virgin is that your own calculation? |
| (Post 2071 of 15224) 09/11/2003.11:32:07 |
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Virgin where got so steady one? |
| (Post 2072 of 15224) 09/11/2003.11:54:42 |
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This is the time to short all the gainers ... its a rebound and i suppose its not sustainable...you just need one small little bad news...and it will goes down again... |
| (Post 2073 of 15224) 09/11/2003.12:13:11 |
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Tonight NYSE observed moment of silence for those who lost their lives on 911 and Singapore SARS victim still in hospital (though recovering & likely to be discharged soon) and tomorrow would be Friday (thank God its friday), u think ppl in the mood to buy shares. My fortune teller tells me don't buy shares nor sell shares in these last 2 trading days of the week and also next week, also don't trade. He says if hands itchy go wash yr hands. Then he also asked me to watchout "window" period for SARS victim in the next 20 days also don't know what he means so come 20 days fm yesterday, I shall watch out of the window see if I can see anything then I tell u all, okay |
| (Post 2074 of 15224) 09/11/2003.12:13:18 |
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Cherokean, nobody knows whether the rebound is sustainable. Only the market maker knows best. Dun short and suddenly market turns bullish and u will be dead man. Take care. |
| (Post 2075 of 15224) 09/11/2003.12:21:16 |
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Merson, you trade shares with fortune teller advise huh? most of the fortune tellers i consulted b4 when i was younger died in a poor state you know.. |
| (Post 2076 of 15224) 09/11/2003.12:21:22 |
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Tonite is the 2nd anniversary for 911 victims......
US and all European markets will trade higher..... I have already instructed my boys to hunt for Osama |
| (Post 2077 of 15224) 09/11/2003.12:26:40 |
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You may be right matey, but thats what i thought of the current market. I may be completely wrong |
| (Post 2078 of 15224) 09/11/2003.12:27:31 |
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Now at a resistance. Good time to short if you think market will not go higher. After lunch then know whether you win or lose. I give 70% chance go down 30% chance up. |
| (Post 2079 of 15224) 09/11/2003.12:28:44 |
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I wish you good luck.......
dont lose your pants hor.... |
| (Post 2080 of 15224) 09/11/2003.12:31:34 |
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Afternoon session i will be in office already, less time and difficult to monitor. Anyway hope we all have fun lah.... |
| (Post 2081 of 15224) 09/11/2003.12:58:42 |
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is there no one concerned wif 911? |
| (Post 2082 of 15224) 09/11/2003.13:09:09 |
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911 was history.
Looking forward to STI 1822. |
| (Post 2083 of 15224) 09/11/2003.13:43:29 |
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Cherokean, My fortune teller drive Mercs type; 60 yrs old but look like 35 and hv young girlfriends too (don't know if these girls are official bar top plus pole dancing girls at night)
Actually, don't mind to tell u i really don't like him caused he has girlfriends younger than mine but then he helps me make money which in turn helps me to keep my heavy spending girlfriends |
| (Post 2084 of 15224) 09/11/2003.13:55:10 |
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yes, also forgot to say that my fortune teller says if i don't believe that market is on the downtrend just looked at HongKong market also falling but there no SARS victim only hv one TCH perhaps TCH is worse than SARS victim or not i really don't know but really he quite good also say mkts in this region like brothers and sisters if one fall sick in the family the rest will follow
And, he also say once fall sick not so fast to get well. Don't know if in the month of September can get well or not? |
| (Post 2085 of 15224) 09/11/2003.14:19:07 |
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Merson, once again, your fortune teller think so much like me one. How come I dun sit in merz and have young girlfrens leh? Maybe should quit my job and become fortune teller. |
| (Post 2086 of 15224) 09/11/2003.14:36:20 |
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Panache, my fortune teller also think alot thus his hair actually all white alreadi but to please his young girlfriends he color his hair so ppl wouldn't say his GF going out with grandfather. But, pls don't let him know i tell u so. Also don't say i say that his Mercs only pay 20K downpayment the rest on 10 yr mortgage plan every mth this hand come that hand go one type u know what i mean. Like they say in the army they give u $100 and take back $99 ... hehehe
Then again i really don't like him type caused he drive Mercs what and i some kind of boss to him but only drive KIA |
| (Post 2087 of 15224) 09/11/2003.14:49:33 |
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Haa Haa Haa...So Chun....
Waitlonglong 09 Sep 2003 06:55pm [ Jade User ] Posting #1791 Viewing #1791 of 2089 Index Value : 1580.14 [ Bookmark ] [ Reply ] Wave C? 1550 ~ 1570 tomorrow ? |
| (Post 2088 of 15224) 09/11/2003.15:10:21 |
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Those who sold out will begin to CHASE.
Moneytree 11 Sep 2003 11:16am [ Premium User ] Posting #6813 Viewing #6814 of 6826 [ Bookmark ] [ Reply ] Is it GAME OVER?.....IF NOT then you'll be chasing when confidence returns, at 2-4 bids higher. Never TIME the market. |
| (Post 2089 of 15224) 09/11/2003.15:12:35 |
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Investeer I hope you didnt short |
| (Post 2090 of 15224) 09/11/2003.15:18:18 |
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Please cover abruptly, there will be squaring off of some positions later, these would be good chances, STI is heading for the next wave up. Mark my words |
| (Post 2091 of 15224) 09/11/2003.15:23:03 |
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Skyfox you posting after the fact..... Cheers, anyway. |
| (Post 2092 of 15224) 09/11/2003.15:23:55 |
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Xiung, thanks for concern. Didn't short but did give friends a lunch treat after clearing off most of my long position. Did make a profit overall, but quite surprise to see the rally. |
| (Post 2093 of 15224) 09/11/2003.15:26:09 |
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Thanks Moneytree for the attached chart.
Mephisto, me sold of my SUNW already, make a handsome 12% gain. Since my last sold price, it has come down to my buy level again, will look to buy at around 3.60. Happy to say, my radar is functioning well again! |
| (Post 2094 of 15224) 09/11/2003.17:02:09 |
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By Skyfox
11 Sep 2003 03:18pm [ Jade User ] Posting #2093 Viewing #2093 of 2096 Index Value : 1581.45 [ Bookmark ] [ Reply ] Please cover abruptly, there will be squaring off of some positions later, these would be good chances, STI is heading for the next wave up. Mark my words |
| (Post 2095 of 15224) 09/11/2003.17:03:13 |
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By Skyfox
11 Sep 2003 09:41am [ Jade User ] Posting #2056 Viewing #2056 of 2097 Index Value : 1565.99 [ Bookmark ] [ Reply ] Investeer, in times of storms and lightning, lies hope! |
| (Post 2096 of 15224) 09/11/2003.17:05:16 |
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Skyfox.....
steady man!!!! |
| (Post 2097 of 15224) 09/11/2003.17:06:57 |
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Alftan, boh steady how to be a fox. |
| (Post 2098 of 15224) 09/11/2003.17:07:55 |
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yahoo..... |
| (Post 2099 of 15224) 09/11/2003.17:10:53 |
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Teochew???
|
| (Post 2100 of 15224) 09/11/2003.17:13:24 |
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Teochew nan ka cheng ang ang. But this time everybody's ka cheng will all be green green due to market's come back! heeheeheeheehee |
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