STI: End of the Road?

last SG · 2005-08-22T02:09:04+00:00

nah.. not that. cos recently has been very bz. no time to log in even. so need someone else to watch over the forum.

k4korny SG

5-yr STI chart from Yahoo finance

With each passing day, STI is breaking historical highs and doesn't seem to be looking back. It surged past the 2240 psychological level weeks ago and broke the 5 year highs. As you can see, it has went on a 3 year winning streak with only a short breather in 2Q04.

Neither the London Bomb Blast nor the surging oil prices can dampen it's spirits.

What are your views? BULL market or a BIG correction is on the cards? Twisted Evil

shade343 SG

Looks like its going to take 2 tsunamis and a collapse of HDB Hub to bring the STI down... Laughing

k4korny SG

I refer to 2 articles in the Biz Times on where analyst expect STI to head..
Three forces seen taking S'pore stocks to next level
Published July 27, 2005

they are Yuan reforms, Property Measures, and decent stock valuations.

STI's mid-term uptrend intact
Published July 27, 2005

The firm support is at 2,270 to 2,280. Above this, support is at 2,296 to 2,309.

The current breather off 2,343 should eventually lead to further upside towards the next key technical objective around 2,400.

k4korny SG

For the week, it lost 35.7 points or 1.5 per cent - its biggest decline since February this year.

I took a chance for bargain hunting and bought something on Thurs. Let's see how it goes this week. Wink

k4korny SG

The Straits Times Index dropped 23.44 points to 2,279.76.
Volume was 810.8 million shares.
Losers beat gainers by 421 to 116 while 465 counters were unchanged.

Your views?

shade343 SG

what did you buy? Im thinking of shorselling something..hehe Laughing

leddy SG

If there’s anything history has taught me, dont predict the market! Look around for stocks of companies with the right fundamentals, keep track of them and enter to buy when the price is right, such during a market correction or irrational selling that depreciates prices. That’s when you can get good stocks at a bargain.

shade343 SG

Thats what I call investing Very Happy

k4korny SG

I bought hard disk drives. Mr. Green

Another lesson (which actually is a variation of this advice) is that: in uncertain times, it's better to hold cash. so that when there's a correction, (1)you won't be wiped out. (2) you can pick out the cheap bargain w/o hurting your portfolio.

leddy SG

i agree, cash is king during market downturns, u can buy whatever fcuk u want while others are losing money… the feeling is fcuking shiok I tell you.. having said that i’m no pro… just from experience losing money

k4korny SG

like now? Laughing

what's your view on the mkt?

leddy SG

last time but a little only la.
havent been tracking the market, now studying, so no comment.

littlestream SG

Originally posted by leddy:
i agree, cash is king during market downturns, u can buy whatever fcuk u want while others are losing money... the feeling is fcuking shiok I tell you.. having said that i'm no pro... [b]just from experience losing money[/b]

But last weekend, I watched an analyst on CNN said, that it is about buying at the wrong time and selling at the wrong time that makes the money wor. Wink I guess it's about which side of the fence, one is on eh? Very Happy

leddy SG

i dont get u. anyway i try not to listen to so called experts on tv. they probably earn more giving advices on tv than making money from the stock market. I like warren buffett kinda investment philosophy which I think makes most sense to me.

k4korny SG

just saw this.. Laughing

interesting! I think it's another way of talking about the contrarian theory. hmm.. think not even contrarian.
meaning you have to buy when both contrarian and the general public dunno whether it's the right time to buy/ sell?? cheem.

most bull and bears starts when ppl least expect them to. so if you happen to be in the market at this wrong time... you'll ride on the highest point of the wave. rite? Wink

yuppy4life SG

Just a warning, it is always calm b4 a thunderstorm.

littlestream SG

Wah.......cheem ah, k4korny......but, right! Wink

"ku zhang" Laughing

k4korny SG

ku zhang?
hahaha.. translation please.. Laughing

k4korny SG

STI has droppped about 100 pts in the past week liao.. think it's starting to rain liao rite? Laughing

littlestream SG

Aiyah........looks like I have to either give up pinyin or go get a book.

I meant *applause*. Laughing