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 Stock Market V13, Stock Market Chat, Traders and Investors Chit Chat

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dreams_achiever
post Jun 27 2008, 06:55 AM

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QUOTE(kapitan @ Jun 27 2008, 12:47 AM)
Prepare for bloody Friday tomorrow...
All indices turning RED, very RED...
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Your prediction fulfilled!
DJIA slumped 358.41 to 11453.42. The lowest since Sept 2006.
Time to stay sideline first. All long term MA line has been broken. Still plenty to drop. ohmy.gif
dreams_achiever
post Jun 27 2008, 09:20 PM

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QUOTE(AdamG1981 @ Jun 27 2008, 07:12 PM)
Very soon.

My prediction, oil to go up to $150 next week before the unemployment report. Dow Jones will close below 11000 this month.

Important datas next week:
Jun 30 9:45 AM Chicago PMI Jun -
Jul 1 12:00 AM Auto Sales
Jul 1 12:00 AM Truck Sales
Jul 1 10:00 AM Construction Spending
Jul 1 10:00 AM ISM Index Jun -
Jul 2 8:15 AM ADP Employment
Jul 2 10:00 AM Factory Orders May -
Jul 2 10:30 AM Crude Inventories 06/28
Jul 3 8:30 AM Initial Claims 06/28
Jul 3 8:30 AM Nonfarm Payrolls Jun
Jul 3 8:30 AM Unemployment Rate Jun
Jul 3 10:00 AM ISM Services

Merill Lynch to report earnings too, and not to mention Citigroup might announce a nasty surprise!

The Bears have the best cards at the moment, the bulls will going to lose big next week.

DJIA futures down 42 points at the moment.

http://www.cnbc.com/id/17689937

Next week has 4 trading days!
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Oil will rally to USD150, market will doom. OPEC president said that it will rise within month.
Tentatively, JPMorgan and Merril Lynch scheduled to announce its result on 16th and 17th July. However it is not confirmed yet. Could change without notice.
For Citigroup which recently has been downgraded by Goldman Sach and will announced another 8 billions writedown is confirmed to announced its financial results on 18th July. So mostly that day is BLACK FRIDAY !!!
Trend will sure heading south until mid of July.

Btw, im not sure why next week has 4 trading days? Shouldn't it be 5 days instead? Got public holiday for KLSE or DJIA?

Edit: checked, next Friday US will have holiday: independence day!
Erm...thinking whether US ppl will have good mood to buy stocks next Thursday? Maybe Asian will stay on her own(rise) due to no news from US.

This post has been edited by dreams_achiever: Jun 27 2008, 09:24 PM
dreams_achiever
post Jun 27 2008, 09:28 PM

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QUOTE(cherroy @ Jun 27 2008, 09:21 PM)
US independance day on July 4 mah.
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Thanks, cherroy. Noted.
Btw, have some offtopic here: wanna ask is there any threads teaching how to trade futures maybe in Msia?
Can post link here? Thanks in advance.

Kinda boring to trade stocks market. Only trade during uptrend. No syiok leh. yawn.gif
I'm aware of some stocks able to short sell but small portion only. Better learn on how to trade futures..biggrin.gif
dreams_achiever
post Jun 28 2008, 07:03 PM

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Seem from both replies, got same points where winning is associated with shorting futures(to some extent, may not true)
If want to gain from both side, can buy stocks when market is up and short futures when KLCI heading south. Both ways also can gain. .. brows.gif
Anyway, will try find more information about trading futures before stepping foot in it.

Thanks for information. biggrin.gif

dreams_achiever
post Jun 29 2008, 09:14 PM

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QUOTE(Kinitos @ Jun 29 2008, 04:14 PM)
"Never fall in love with a stock, because it will never love you back."

Any comments?
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It's okay to love ur stock but only with certain situation.
I would say dun fall in love with the stock that u still keeping. Be neutral with stocks that u currently have.
Love it when u dispose it with handsome profits. rclxm9.gif
Dun turn ur love into hate when it turn stabbing you from behind & you dispose it with heavy losses. cry.gif
dreams_achiever
post Jun 30 2008, 07:42 AM

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QUOTE(dreams_achiever @ Jun 29 2008, 09:14 PM)
It's okay to love ur stock but only with certain situation.
I would say dun fall in love with the stock that u still keeping. Be neutral with stocks that u currently have.
Love it when u dispose it with handsome profits.  rclxm9.gif
Dun turn ur love into hate when it turn stabbing you from behind & you dispose it with heavy losses.  cry.gif
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QUOTE(cherroy @ Jun 29 2008, 10:00 PM)
No, it is not ok to love your stock that you hold. As once you fall in love with your stock, one can be bias on evaluating the stock already and reluctant to sell even price is high. Stocks and investment product is just a place for your money to generate more money. Once it fails to deliver and deteoriate then it is deem no good already. Some stocks are worth for long term because it consistently generate return rate to you, so you hold it long term like 10 years or 20 years, doesn't mean you love or must love it. Things and environment can change. Just like GM, once a taikor in auto business in US, with price tag once more than USD 50, now only in teen number only, after holding for 10-20 years.  sweat.gif

Eg. Pbbank past record generating return rate is good, so you like to hold the stocks, but if in the future company fails to deliver the return rate as previously or no return rate then there is no point to hold it unless it is just a temporary effect or special exceptional event occuring.

So evaluate stocks and situation disregard whether you have substantial amount of investment in it, will lead to a better decision making.
If it is a mistake, then admit it is a mistake, nothing wrong with it. There is no one can make sure 10 out of 10 or every their investment or decision making will surely making money one or success one. Admit mistake then move on and learn lesson of it which only will lead to a better future investment decision.

Just my 2 cents.
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Yah, this is what i mean in my previous post. Maybe my previous posts confusing..
I shall rephrase my sentences abit. cool2.gif
Be neutral with stocks that u currently have. Love it when u dispose it with handsome profits.

Anyway, thanks for further clarification.
I totally agreed that when you trading stocks, it's not ok to love your stocks. nod.gif
Trade it as business. Nothing personal feeling when doing trading stocks.


dreams_achiever
post Jul 1 2008, 01:46 PM

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QUOTE(sinclairZX81 @ Jul 1 2008, 01:37 PM)
Scary statement, what is going to happen?  sweat.gif
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Get out from worldwide share market before mid of July 2008.
On second week of July, big US banks will announce its quarterly results. Expected BAD news coming out.
More better, dun trade in July 2008. Sell while you still can.

Btw, aren't post has reached 2500? Nobody want to start new version 14? blink.gif

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