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(Post 251 of 15224) 03/24/2003.23:42:46 |
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A beautiful correction is taking place all across Europe and the US... now waiting for the moment to fire. |
(Post 252 of 15224) 03/25/2003.07:48:10 |
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Hi Meph,
I'm not an expert but I have only one opinion!! |
(Post 253 of 15224) 03/25/2003.09:42:15 |
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even a blind can see that the BIG and BAD trading funds are catching shortists today especially the retail shortists. |
(Post 254 of 15224) 03/25/2003.09:48:50 |
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ya lor ya lor..lucky i hesitate didnt short.. |
(Post 255 of 15224) 03/25/2003.10:28:32 |
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I strongly suggest that we fast forward to 4pm to see what kind of catalyst (be it positive or negative) the europoean market is going to inject. |
(Post 256 of 15224) 03/25/2003.11:01:50 |
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with the over 3% fall on dow yesterday and a prolong war in the waiting, there is ABSOLUTELY no reason for STI to move upwards except that the BIG and BAG is all out to catch shortists. |
(Post 257 of 15224) 03/25/2003.11:27:45 |
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so damn easy to move the index, less than 5M shares of blue chips traded (5% of total vol traded) and the index move from 1280 to 1310 (30 points) |
(Post 258 of 15224) 03/25/2003.18:37:08 |
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today's upward is engineered..i thk STI still have some more corrections to do in the next 2 days |
(Post 259 of 15224) 03/25/2003.22:04:06 |
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Will this have an immediate impact to the share price ? ============================= Singapore's STI To Reshuffle Component Stocks April 1 SINGAPORE (Dow Jones)--Singapore's benchmark Straits Times Index will undergo three changes regarding its component stocks from April 1, the newspaper's index review committee said Tuesday. MobileOne Ltd. (D.MON), Allgreen Properties Ltd. (P.AGP), and People's Food Holdings Ltd. (Q.PFH) will replace Hotel Properties Ltd. (P.HPL), Marco Polo Developments Ltd. (P.MPD), and United Industrial Corp. (P.UIC). "The main criteria used in the review were liquidity, as measured by average daily value traded, and market capitalization," the committee said in a statement. In addition, following the merger between Comfort Group Ltd. (P.CGP) and Delgro Corp. (P.DGR), the new entity will become an STI component stock on the new stock's second trading day. Delgro, a current component stock, will be removed from the index when it is delisted from the Singapore Exchange on March 31. Singapore Press Holdings Ltd. (P.SPH) owns the Straits Times. -By Shen Hong, Dow Jones Newswires; 65-6415-4156; hong.shen@dowjones.com |
(Post 260 of 15224) 03/25/2003.23:20:16 |
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Just because DJ dropped more than 300 points and ST up 11 some folk said it is engineered.Dr. Doom said that local market has the potential to up by 40 % from 1200 and is pessimistic about DJ had alot to do with the market.Blue chips are at quite a low level and need to move up to a more realistic level. |
(Post 261 of 15224) 03/26/2003.00:00:57 |
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Looking for JOSHING and MEP !!! |
(Post 262 of 15224) 03/26/2003.00:06:21 |
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Penny-stock rally next? |
(Post 263 of 15224) 03/26/2003.09:25:59 |
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Looks like got impact ======================== [Dow Jones] People's Food (P05) up 4.7% at S$1.00 on 1.2 million shares, while MobileOne (M16) up 0.8% at S$1.25 on 261,000 shares, after being selected as new STI component stocks. Allgreen (A17), the third new component STI stock, up 4.2% at 87.5 Singapore cents on 426,000 shares. Trader says interest in People's Food unsurprising as it is "practically on every broker's buy list". Allgreen is getting second look, after being selected at STI component stock; company mostly in residential property sector, unaffected by poor office rental yields which may hurt other property plays like CapitaLand (C31), he adds. (EYG) |
(Post 264 of 15224) 03/26/2003.11:00:04 |
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Reproduced with permission from Kelive
26 Mar 9:13AM : Expect 'Marginal' Follow-Through Gains as US Markets Recover.. US Market Wrap - Dow 8280.23 +65.55pts (0.8%), Nasdaq 1391.01 +21.33 (1.55pts) US markets closed in the positive territory on Tuesday, but pared some of its gains following a surprise decision by Congress to reduce President Bush's tax cut. Sentiment remained bullish for most of the session on reports of an uprising in Basra - Iraq's second largest city- against Saddam Hussein's regime. Consumer confidence in March and February existing home sales both declined but were above expectations. Home Deport & Alcoa led the rise, gaining 3% & 2.4% respectively. In the techs, Microsoft added 0.8%, Intel rose 1.2% & Cisco 1.6%. Tonight, February's durable goods (consensus estimates 0.8% decline) and February's new home sales (consensus estimates 928,000) will be released. Day in Review (STI last closed 1311.32) The local market could start the day marginal higher given the overnight rise in Wall Street. This is more a ?follow-through' gains from yesterday. But the intensification of war could limit upside in the index. STI could test its immediate resistance at 1318.5. If it manages to clear this, 1324.6 is the next level to probe. Tech stocks could build upon yesterday's rebound a little more, on the back of overnight rises on Nasdaq. Technically, we see the index remaining trapped in a sideways consolidation, as it takes a pause from its strong gains last week. In the News M1, People's Food & Allgreen have been included as component stocks in the Straits Times Index. They will replace Hotel Properties, Marco Polo & UIC. There could be interest in the stocks that have been included in the index, disinterest in those taken out. 1. Allgreen (0.84) - Immediate support is at 0.835, immediate resistance 0.865/0.87 2. People's Food (0.955) - Stock is currently in a ?wave 4' consolidation, there could be a wave 5 higher in the days/week ahead. Currently ranging within 0.935~0.96, with 0.98 as the resistance to clear. If 0.98 clears, stock could test 1.02~1.03 in coming days/week. However, a fall below 0.93 is negative. Oculus net loss widened to $3.9m in Fy02 from $2.97m in Fy01 as sales fell to $10.1m from $13.2m. Weak demand, intensification of competition and inventory discounting were cited as main reasons for the poor performance. The group continues to expect general softness in demand, intense competition and a difficult credit environment to prevail. Although it is noteworthy that the group registered lower operating losses on HoH basis - S$ 1.6 million in 2H02 compared with 1H02 losses of S$ 2.3 million - the stock is still trading at a premium over NTA of S 4.09cts. The company's plans to develop key markets in China and specialty lenses are also contingent on brand management. With an estimated cash burn rate of S$1m in 1H03, Oculus would have to resort to additional rounds of financing. Recently, Oculus placed out 20m shares to incoming new MD Anthony Mak @ $0.075/share and secured grants from EDB for developing a new range of colour disposal lenses. The placement shares represented 20% of the enlarged share capital of the company. Avoid. note: Brokers' reports are reproduced with the permission from the various broking companies. ShareInvestor does not endorse or edit any of these reports. |
(Post 265 of 15224) 03/26/2003.12:03:48 |
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Market cheonging like no tomorrow. But tomorrow is not Sunday leh. |
(Post 266 of 15224) 03/27/2003.10:35:20 |
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Reproduced with permission from Kelive
27 Mar 8:58AM : Catching the SARS Bug... US Market Wrap - Dow 8229.88 -50.35pts (-0.61%), Nasdaq 1387.45 -3.56pts (-0.26%) US indices remained in consolidation phase despite the govt's bid to eliminate the double taxation of dividends. A decline in February durable goods orders and new home sales also affected sentiment. The fall in stocks was countered by gains in crude futures and gold. Losers included Boeing (-3.5%), & Alcoa (-2.6%). Honeywell dipped 0.8% following analyst downgrade. SBC Communications (+1.3%) and Home Depot (1.7%) offset the weakness. Among the techs, Microsoft & Intel ease 0.9% & 0.8% respectively, IBM dropped 2.3% while CISCO inched 0.4% lower. Tonight, jobless claims and Q4's GDP (consensus estimates 1.4% rise) will be released. Day in Review (STI last closed 1325) The local market will also track this consolidation pattern following strong gains last week. STI remains trapped within a sideways trend in coming days/week, with yesterday's rise to 1330 suggesting that the range could be from 1300~1339. Intermediate level within is near 1315~1318. There is further support at 1282. 1273. STI could ease lower in the current session following the overnight dip on Wall Street. There could also be concerns of lower than expected February's industrial production numbers released yesterday. As for the UOB Sesdaq index, which tracks the performance of small caps stocks, there is immediate support at 54.8~54.9. Regional markets are currently marginally lower, with the All-Ords down 0.15% and the KOSPI lower by about 1.12%. US futures are currently trekking a tat lower. S&P futures are dipping by 1.1pt while the Nasdaq futures down 1.5 In the News CityDev (3.90) reported a 2.8x jump in FY02 net profit to S$151.203mil versus S$53.771mil the previous year. The company maintained its final dividend of 7.5cts/share and said that given current uncertainties, performance in 2003 would be difficult to predict but expects to continue to operate profitably. Technically, 4~4.02 could limit gains in the current session. It remains in consolidation within a trading range from 3.72 ~4.02, with intermediate level near 3.8 in the days/week ahead. Stocks to Watch Local authorities said classes up to pre-university level would be suspended until April 6th and more people have been put under quarantined due to SARS. Besides hurting travel related stocks like SIA, Star Cruise (0.235) could also be affected. Immediate resistance at 0.245 seems to be forming. If 0.23 fails, expect a probe of 0.22 in days. Venture Corp (14.7) - Following Mechem Engineering sales of Venture Corp shares in the open market recently, Schroder Investment Management was also reported to have sold 237,000 shares at 14.8. News of lower than expected February industrial production could be a further dampener to any gains in the immediate term. Immediate resistance at 14.8. If 14.7 fails to hold, look for 14.3 in the days ahead. News Highlights Portek Int'l announced that has obtained an extension of its right to operate the multi-purpose terminal at Banten, West Java by 13 years to 31 December 2022. With this extension, Portek intends to proceed with its plans to develop the terminal facilities at Banten in phases over the next 15 years. The investments are expected to cost the Group a total of US$18m to be financed by internal cashflows and bank borrowings. Startech Electronics warned that it would be posting a loss for its financial year ended Dec 02. The Group's operations have been adversely affected by the continuing global downturn in the electronics market as well as margin erosion due to severe pricing pressure. Semiconductor-equipment maker, AEM-Evertech announced that its 100%-owned subsidiary has, together with an unnamed customer, successfully developed a new an automatic system level test handler. Based on preliminary indications from the customer, the test handler is expected to contribute around US$11m to its turnover in the current financial year. Axis Systems reported an interim income of RM8m on sales of RM12m. No comparative financial numbers were available for the Group for the same period last year. Nonetheless, the interim sales represented 62.4% of the RM19.3m total turnover achieved for FY02. Sales of customized software solutions contributed 86% to group's turnover. EPS and NTA stood at RM0.033 and RM0.11. Net margin was impressive at 66.8%. An interim cash dividend of 0.55ct/sh has been declared. Jadason returned to profitability in FY02 with net earnings of $200k vs net loss of $3.9m in FY01. The Group also recorded a 36% growth in FY02 revenue from $82.2m to S$111.6m, boosted by improved sales at all business divisions. EPS was 0.03cts vs net loss of 0.65cts whilst NAV stood at 5.01cts. Going forward, Management expects new orders for PCB machinery as PCB manufacturers in China step up their investment for machinery upgrades or expansion of production capacities as more PCB productions relocate to low cost countries such as China. However, its Graphic Art and Digital Media unit is expected to face tougher competition in HK and China. Jadason also expects performance of its associated companies to further improve in the current year. Lindeteves Jacoberg reported Fy02 results with a net income of $23.2m on the back of a 102% jump in sales to $388m. Sales rose 102% to $389m as it enjoyed maiden contribution from the newly acquired (in 2Q02) Brook Crompton. LJ has completed the bulk of Brook Crompton restructuring in Fy02 and much of the production transfer to low-cost locations involving plant closures and down-sizing of facilities has been completed. EPS rose to 8.6cts while NTA/sh stood at 62.6cts. Looking forward, the benefits of the restructuring efforts in Fy02 will be progressively realized in Fy03. note: Brokers' reports are reproduced with the permission from the various broking companies. ShareInvestor does not endorse or edit any of these reports. |
(Post 267 of 15224) 03/27/2003.10:40:12 |
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Look carefully... |
(Post 268 of 15224) 03/27/2003.10:54:08 |
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Will crude oil prices derail the rally...
May Nymex crude breaches 29 usd/barrel in Asia trade on war jitters - UPDATE Source : AFX 27/03/2003 9:55 (Updating to include trader comments) SINGAPORE (AFX-ASIA) - Oil prices surged in early Asia trade with the benchmark Nymex crude for May settlement breaching the 29 usd per barrel level, extending overnight gains in New York, mainly due to prevailing jitters over the progress of the US-led war against Iraq, traders said. Overnight, US president George Bush told troops that the war in Iraq is "far from over" and an estimated 12,000 additional US troops will be sent to Iraq, amid concerns the US has insufficient forces in reserve if the battle for Baghdad goes wrong. At 9.47 am, New York light crude for May delivery was trading at 29.15 usd a barrel, up 52 cents from the US close of 28.63, but off an initial high of 29.20. "In the absence of news that the war will be over soon, nervousness is likely to prevail as price movements will be dominated by news about the developments in the war in Iraq," said a head trader at a foreign oil firm. "Fundamentally, though, I don't think there is much concern about supply," he said. Last night, London's Brent crude oil prices came off highs after the US Department of Energy, in its weekly report, said that US crude oil stocks increased 3.7 mln barrels or 1.4 pct to 273.9 mln in the week ended March 21 from the previous week. Apart from the US-led war in Iraq, oil prices have also been boosted this week by the disruption in Nigeria's oil output following civil unrest. "There is some poor sentiment with regard to the situation in Nigeria but I expect it to be short lived because this is not the first time that Nigeria is facing such a conflict," the head trader said. norazlina.jumaat@afxnews.com nj/mas/wpf/ng |
(Post 269 of 15224) 03/28/2003.00:39:06 |
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Looked carefully alright. The STI is due for a much needed technical correction. |
(Post 270 of 15224) 03/28/2003.09:52:24 |
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Reproduced with permission from Kelive
28 Mar 9:11AM : Still in a Sideways Consolidation... US Market Wrap - Dow 8201.45 -28.43pts (-0.35%), Nasdaq 1384.25 -3.2pts (-0.23%) US indices ended down but off the session lows, with oil prices rising back above US$30 amid concerns that the war might take longer than what was originally thought. A lower than expected jobless claims helped lift stocks from their session lows. Airline & semiconductor stocks were weak, with the Airline index down 3.4% and the SOX down 1.4%. IP, SBC Communications and Alcoa fell about 2.7% each. This was offset by McDonalds & Merck, which gained 1.9% & 1.1% respectively. In the tech front, Microsoft dipped 0.8%, Intel fell 1.7%, Cisco was 1.2% lower & IBM marginally down 0.12%. Day in Review (STI last closed 1313.65) STI could experience a light technical rebound, following yesterday's falls. It could head back towards the 1325 level, with intermediate level at 1318.5. But if the index falls below 1308, look for a test of 1300. The index remained within a sideways consolidation, following the strong gains achieved last week. In the News SIA (9.4) - SARS concerns again, following reports of an SIA stewardess down with the sickness. 2 gap resistances are noted in the short-term, at 9.5/9.55 and 9.6/9.7, which should cap any current day rebound. Bias is for a probe of 9.15 in coming days, before attempting a small rebound. Stocks to Watch TPV (0.46) - Immediate resistance is noted to be forming at 0.465/0.47. If 0.455 fails to hold, prices could work its way lower towards 0.435 in coming days. note: Brokers' reports are reproduced with the permission from the various broking companies. ShareInvestor does not endorse or edit any of these reports. |
(Post 271 of 15224) 03/28/2003.09:58:15 |
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Keuck, I am afraid the correction may not be technical. |
(Post 272 of 15224) 03/28/2003.16:27:57 |
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hmmm...big boys timing their buy for fixing the index futures due today... |
(Post 273 of 15224) 03/28/2003.17:01:20 |
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I wonder Ykayboon detected any BIG & BAD movement? |
(Post 274 of 15224) 03/29/2003.12:07:22 |
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digest this.... |
(Post 275 of 15224) 03/29/2003.14:02:01 |
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Link does not work, cancel. |
(Post 276 of 15224) 03/29/2003.14:06:32 |
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Althought STI doesn't look good at the moment, but Is something coming on the way |
(Post 277 of 15224) 03/29/2003.14:29:58 |
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The shorrt rally is over liao.
Will the US meet its Waterloo in Baddad? Any opinion, anyone? |
(Post 278 of 15224) 03/29/2003.14:40:15 |
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In my opinion, it will be a very bloody war.... we have not seen the worst.. first they have to fight their way to Baghdad, then they have to laid seige to it (ever play computer games ? laying seige to a city is the most difficult part) and finally evne if they 'enter' the city, it is a street to street fight...
And then there is the post-occupation period where guerilla warfare will take place The US public will have to watch horrible pictures of people dying (Vietnam 2003 ?) Bye bye baby cowboy bush.... |
(Post 279 of 15224) 03/29/2003.18:39:07 |
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US will never pull out of Iraq without getting rid of Saddam.US as the world most powerful nation will not be humiliated.With it fire power it will bomb Baghdad to pulp.It is sending another 100,000 soldiers to take Baghdad. US lost the war in Vietnam because Russia and China were supporting the Vietnamese.Russia was once a super power but today is no longer one.Once the war is over estimated to be between one to 2 months, the market world wide will take-off.For now trade with prudent.The market is very unpredictable, when you think it will go down it simply goes up and vice versa. |
(Post 280 of 15224) 03/29/2003.19:45:00 |
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Uncle Sam gonna get a bloody nose. |
(Post 281 of 15224) 03/31/2003.08:59:49 |
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Reproduced with permission from Kelive
31 Mar 8:35AM : Market monitor 28 March As we had anticipated last week, growing uncertainty on the warfront resulted in a mild consolidation during the week. Investors took the opportunity to cash in on recent gains and most stocks traded sideways as momentum faltered. During the week, the government released industrial production numbers that declined by 1.4% following a gain of 13.6% in January. The figures were grossly overestimated by most economic forecasts, and the surprise component was a 31% yoy drop in biomedical sciences. While most forecast were perhaps lulled into a false momentum by strong December and January numbers, it should be noted that pharmaceuticals is an inherently volatile industry. However, the decline seems to suggest a reduction in inventory levels given the strong NODX levels of previous months. Hence, despite relatively positive news on the economic front in recent weeks, latest data would seem to suggest that a full recovery would likely remain elusive. The impact of the SARS virus should also not be underestimated. While the quarantine figures are not sufficiently high to warrant concern over productivity numbers, the long term impact on businesses are likely to drag down overall consumption. Already, we have heard that some flights en route from Hong Kong are operating only at 40% capacity, and the Business Times last week reported that most hotels and restaurants have indicated a general slowdown in business. PM Goh has also highlighted concerns of a possible slowdown in tourism due to SARS fears, and this would no doubt have an impact on most retailers. Hence, while we believe that government expectations of a 2.7% rise in GDP in the 1Q are attainable, we fully expect downward revisions in 2Q and 2H estimates to be forthcoming. Adding to domestic concerns, the Gulf conflict also continues unabated, despite earlier predictions of a swift conclusion. In fact, US forces has recently called a 4-6 day halt to reasses the situation, amid rumours of an even longer stoppage. More troops are also being sent to the war front to buffer existing troops, due to stronger than expected skirmishes. Given the present scenario, we believe that blue chip counters would continue to trade sideways. However, a breather for large caps may re-elicit interest in small cap plays. The Straits Times Index ended 0.7% lower at 1318.43. We note that despite the STI's 9% rebound off March 11 lows, the UOB Sesdaq Index has been a relative under-performer, rising by only 5.2%. While the index is not wholly representative of small cap stocks, the trend for a small cap rebound has indeed yet to resurface. Hence, we believe that small caps stocks would likely witness a resurgence of interest in days to come. note: Brokers' reports are reproduced with the permission from the various broking companies. ShareInvestor does not endorse or edit any of these reports. |
(Post 282 of 15224) 03/31/2003.14:20:06 |
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Shortist having a great day |
(Post 283 of 15224) 03/31/2003.18:11:41 |
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jia lat..mkt going down fast..not sure where is the bottom.. |
(Post 284 of 15224) 03/31/2003.19:20:40 |
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Bottom is below 1200. |
(Post 285 of 15224) 03/31/2003.19:32:11 |
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seriously a bit overdone today, tomorrow SIA here I come! |
(Post 286 of 15224) 03/31/2003.19:34:02 |
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SKyfox, don't be too gungho. I think this time STI really had it. |
(Post 287 of 15224) 03/31/2003.19:36:27 |
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Mephisto
This time STI ai tua lau sai! |
(Post 288 of 15224) 03/31/2003.19:37:25 |
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Mephisto, MCD clawed back already didn't it? |
(Post 289 of 15224) 03/31/2003.19:39:18 |
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Mephisto, even MCD can claw back, buying SIA little bit by little bit won't be wrong. |
(Post 290 of 15224) 03/31/2003.20:06:35 |
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MCD claw back is because the new boss says he will do something to turn company around. So, investors liked what they hear. |
(Post 291 of 15224) 03/31/2003.20:35:53 |
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ST index dropped by 50 points and most of the blue chips such as SPH, the banks, Creative, Venture SIA etc dropped like a bomb.The sceniro will be either it rebound to recover 25 points or look for new support around 1245 to 1250 points.Looking for bargain esp SIA. |
(Post 292 of 15224) 03/31/2003.20:43:29 |
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SIA, DBS, CDL, CPTL, tomorrow here i come. |
(Post 293 of 15224) 03/31/2003.20:59:12 |
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Skyfox, I just looked at the charts for CDL and would like to advise that you hold your bullets on this counter tomorrow. That is to say don't shoot yet. The charts seem to suggest that CDL could fall below $3.30.
However, I am not always right, and the money is yours. |
(Post 294 of 15224) 03/31/2003.21:01:11 |
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Keuck, I am advising all my friends to buy bit by bit right now. |
(Post 295 of 15224) 03/31/2003.21:03:24 |
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Keuck, I always believe that got money, everybody make, so I encourage those who got money to start buying little bit first. |
(Post 296 of 15224) 03/31/2003.21:18:17 |
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Yeah, I also believe that too. But I just thought that by being patient, we might all make a little bit more.
Anyway, I started nibbling at SIA today... made my maiden entry at $8.65. So I'm also buying bit by bit. |
(Post 297 of 15224) 03/31/2003.21:20:17 |
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Keuck, I always stay invested. Only ddiference is the proportion of cash to stock holding at any point of time. |
(Post 298 of 15224) 03/31/2003.22:43:04 |
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Dow and Nasdaq drinking horlicks now, tomorrow ho seh liao, can buy some cheap cheap |
(Post 299 of 15224) 03/31/2003.23:03:12 |
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‘THE POWER TO BE PATIENT’
During the 1991 Gulf War, U.S. ground forces did not attack until Republican Guard units had lost 50 percent to 60 percent of their capacity. This time, U.S. forces have not gone in even though 70 percent the Medina Division’s tanks and artillery have already been knocked out, military officials told NBC. “We have the power to be patient in this, and we’re not going to do anything before we’re ready,” Myers said. “We’ll just continue to draw the noose tighter and tighter.” |
(Post 300 of 15224) 04/01/2003.15:33:00 |
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By Skyfox On Monday, 31 Mar 2003 08:43pm
[ Jade User ] Posting #293 (Viewing #293 of 300 Total) [ Bookmark ] [ Reply ] SIA, DBS, CDL, CPTL, tomorrow here i come. Index Value : 1267.82 |
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