Sell down gives opportunities for investors to pick quality stocks at lelong prices.
Subprime issue in the financial markets and your shares
- Thread starter NorthernLights
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Sell down gives opportunities for investors to pick quality stocks at lelong prices.
It's called switching to a more defensive position.
raincool2005
Senior Member
Sembcorp Marine faces $364 million loss on rogue deals ! it is a scandal !
Sembcorp Marine faces $364 million loss on rogue deals ! it is a scandal !
reminds me of the CAO saga... looks like it's gonna open nearly 20% down....
Sembcorp Marine faces $364 million loss on rogue deals ! it is a scandal !
opened at 4.70.... went to low of 4.60.... now 4.78.... SWEET!!!!!!!!!! $$$$$$$$$
raincool2005
Senior Member
hi, better take profits.. :thumbsup:
raincool2005
Senior Member
tomm will be better... 1-2 rallies before year 2007 ends.
But he could be losing 2k in a day also but he never tell u about it
Exactly, I always find it so amazing that people never learn from other's mistakes. Instead of learning to invest, people rather take the step of speculating which is akin to gambling. Once they get hooked, they will trade regardless of market conditions, and when greed kicks in, they will always end up loosing more than they made. For me, it is quite amusing to see these people come and go. Those speculators who are left standing at the end of the day either have deep pockets or more importantly are disciplined in their trading methodology. I believe that the majority of speculators will never fall into these two categories.
raincool2005
Senior Member
Be discipline in trading and faithful to your targets, know your charts technicals and fundamentals well. Always have a backup plan to average down or take hold opportunities.
Gambling on chance like technical rebound is playing with hell fire. Do not adopt that punt methods from your fren. Never never try that.
raincool2005
Senior Member
US market closing : Dow +109.26, Nasdaq +45.33
markets improved thanks to falling crude oil at 85.27. :thumbsup:
markets improved thanks to falling crude oil at 85.27. :thumbsup:
US market closing : Dow +109.26, Nasdaq +45.33
markets improved thanks to falling crude oil at 85.27. :thumbsup:
Yup... but after hours in US not very good. Amazon got hit 8% in after hours trading.
Will be a good day to trade though.
FooFighter
New Member
Two types of people in the mkt; speculator and investor. Don't be one and think you are the other. :bsmilie:
But he could be losing 2k in a day also but he never tell u about it
No, he is not a speculator. He knows his stuff well. He has done his homework. He is also a prudent person, so no punting, etc.
What he said to me was that market went down 100++ points 2 days ago, but subsequently rallied 52 and 27 points, etc. This proves what? He picked up those good quality stocks at cheap prices.
It is all about expectation and sentiment. Buy those quality stocks that sold down due to market panic selling and not fundamental changes.
Now it is all about talks/news. Therefore, it is all depend on whether you are an optimist or pessimist.
Finally, it doesn't matter what other people think, etc. The most important thing is whether you make cash. Cash is King!
Happy trading.
If people want to speculate, they must overcome their psychological barriers such as when to cut losses and when to sell to take profits.
I have seen rich men evolved and disappeared as a result of market changes.
I am also amazed by how people got influenced by analysts, fund managers by buying and selling their stocks.
Analysts and Fund Managers are quite good in producing "news".
raincool2005
Senior Member
anyone buying into Sembmarine ? :think:
trading or investing? :devil:
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