Stocks discussion No.9 -2011
Welcome to Stocks discussion No.9 -2011
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You must stop loss when your loss is still small.
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posted by scrt4u @ Thursday, September 01, 2011
214 Comments
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214 Comments:
Welcome to "Stocks discussion No.9 - 2011". Please post your questions or stock picks here.
KAMART: It's already up more than 475%. I blindly guess it is too toppy. You may consider to sell most of your postion if it can not take the previous high (2.42 Baht), just keep a small position for fun trading.
Morning, what do you guys think of TGPRO, will it jump up again? I felt dramatically and i see lots of ppl just buy and wait? Another one to watch is ASIMAR, made some money on it before, but not the trading volume is really low and its not breaking up often as it used to do.Sometimes I think few traders can move that stock up?
Are we experiencing a dead cat bounce ????????
extremely large volumes so far today and the foreighners i beleive sold more in August than they bought in July,the 2 big bank upgrades from moodys certainly helped yesterday,ime holding on my stock for the ride and not adding at this stage,?
set: foreigners bought heavily.
the index broke yesterday throught the 75 avg at 1068 and found resistance at the 25 avg today, then pulling back to the 75 avg again
which acts as support now.
are we on a run to 1160 now?
fingers crossed as the foreighners are the key,even stevens today but could be promising ??
gonna sleep this month out and wake upin OCTOBER ;)
qtc: against the trend in recent days, broke the 10 avg.
it should fly if the 25 avg is taken out at 3.46
bought today at closing with stop 3.28
switch TTW to SVI & THCOM
So what caused the change of trend this afternoon? No positive new data around..Will be short lived?
SET went up today what changed?
true: bought some today when the volume increased. broke 25 avg which is not that big news but the downresistance from april has been taken out as well, which seems to be more important.
today as buy recommendation from poems techical as well with support around 4.1 and res around 4.3
will sell a part at this res., the rest i will keep for 4.5 or maybe even much higher in the long run
set: can't find any news, all markets suddenly went up during the lunch break, the set followed.
technically the set rebounded from the 200 avg but is facing lots of resistance now: 5 and 15 avg near 1060, a bit higher the 75 and then 25 avg with a possible downchannel resistance.
volume is thinning, could be sign of a bottom.
selective buying oinly, i prefer the communication sector right now.
PT nice runs nowadays..
comm is good so far with the nbtc selection
ADVANC
nice run today made more than 10% from last week's buy, sold some. Im pretty sure it will still go higher considering the volume and signals. But cant be too greedy :D
Advanc does pay great didvidends.
hit 124 today
communication could face some resistance at 122 (now 118) where the high of 2004/5 is located.
strong resistance at 145-148 (14 year channel resistance)
set: closed at 25 avg, if no nonsense is coming from overseas tonight then it should be taken out tommorrow.
only a possible downchannel resistance at 1072-1074 could be a barrier.
How often the brokers giving good stock advises? Kim eng was right on TOP and IVL but late for JAS..
Another case filed with the DSI, reference panel selection. This saga just never ends.
Kim Eng is usually late, safe that way I suppose. You can get the jump on some things by calling them and asking to talk to who is handling the stock you have an interest in.
I am interested in all the stock with upside chances..:) BTW is it really necessary to moderate and approve posts in this blog? Sometimes it taking half a day to appear..
What is a good buy point on Jas?
good point about JAS Ray but money to be made everyday (or lost) on this stock ,as always in the top 10 of highest volumes,need to be sharp though,as been trading this one since 1997 and you need to be glued to your computer,
everyday,there is trading opps but for the medium /long term ,easy to run out of patience ,so get in,get out and so on
jas: bought a couple of days ago and added today, but won't hold for long.
25 avg coming (now around 2.5) as resistance soon and at 2.6-2.7 the former horizontal support will be tough.
will use the 10 avg as stop/lpp (now at 2.34)
set: now at the final resistance, the 1 month downchannel. if the set is green tomorrow it should be broken and things will look much better
e: downresistance which started end of july was broken today but it stalled at the 25 avg (1.32).
either buy if taken out or wait for a pullback near 10 avg at 1.25
bought some today at 1.28 and will use 1.25 as stop.
yet again my comments have been deleted before they even make the forum blog,can somebody please explain clearly WHY ,Thankyou
To JON,
Please post your email here (it won't show) here so that we can send you an invitation. You just accept the invitation and you will become one of the contributors.
To Meow,
Please post your email here (it won't show in the public) so that we can send you an invitation. You just accept the invitation and you will become one of the contributors.
Meow to find the up trends is not easy, this is very good place to find them. The other is to follow the local news. Try decipher what is really going on, sine there is normally conflicts in reporting, from one paper the next. Somewhere in between lies the truth.
I don't think your going find much luck in asking a broker where the uptrend is. You spot something that looks good verify it here and with the person assigned the stock.
I have to say you will get more direct answers here then where I have seen
Regarding trends and SET behavior: no blind direct correlation to news or other indices, just 2 weeks ago all the stock markets went up for few days and SET was falling for a week. I cant find any logical explanation to that.
I believe in the time frame your talking about. Politics was raising it's ugly head in Thailand. Mr. T was in the news and still is. Govt was new and being challenged at every turn. I think the best gauge for that effect is the foreigners being net buyers or sellers. Yesterday to my surprise they were net buyers. Didn't see that till today.
But it has been one heck of a roller coaster and sometimes there is no logic, just crowd behavior.
I can't tell you why it has been falling so far today, no bad news anywhere and it may turn by the end of the day.
Meow I can tell by your posts you know more about this then I do. But, this is the only market I have ever traded in. Where you look for logic sometimes there just isn't any.
What about that PAO? Went up 90% and now is in free fall from 1.02 to 0.73 already. I cant find historical data for that one, is it new enlisted?
http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=61212796
Meow search the full company name and I think you might find your answer, no not newly listed.
I don't know how far I can go on here. But, it appears there were some auditing problems.
Ok I think i can do this it's in the SET news Section.
31 Aug 2011 13:02:00 SET removes causes of possible delisting of PAO & resumes trading on SET from September 9, 2011
By the way it's gaining now
pao: read the set news, i think it was suspended long time ago
"On March 3, 1998, the Stock Exchange of Thailand (SET) announced that Angpao Assets Public Company Limited (PAO) faced the possible delisting due to the company's financial statements showed ...."
Meow Pao is selling in the billions today but, it looks like the sellers are about to overcome the buyers. Looks like a gain of about .26 today.
Me I would put it on watch list Monday but I'm not a day trader
No offense to anyone here, but some things I would like to point out.
As true as investing isn't for everyone, for me, it's something that really excites me and pushes me forward to learn more and more. If your just in the stocks to "get money" often times, you will end up losing money. I'm one of the few that believe "Stock Investing" should be a major course in universities and colleges, it is a very complex science. The internet has huge resources for learning, take your time slowly and study them.
The "get money" people sometimes may walk in the wrong path and started stock investing simply by introduction by friends, bankers, brokers on the promise that you assets will increase over time.
Personal advice, brokers are not there to help you make money. Brokers are cheerleaders in a match. Whether your team wins or loses, they are there to make you believe. Brokers make more money from their "advertising" firms (companies listed on the stock exchange), than from your mere commission. Guess who's interest they are in.
Also the price objective. Make your own. I dont care what the brokers say what stocks should be what price, that's their business. A simple math of taking the earnings per share and dividing it by the stock price. You either get 1-15%, set your own number as to what is expensive and what is cheap. BUY LOW, SELL HIGH. Emotional choices are wrong most of the time. Also you must have knowledge of technical investing regardless if your a fundamental investor. It allows you to see trends, either going up down or balanced. Once the down trend seems almost balanced, may be a good buy point, but some may wait for a slight positive indicator before buying.
Good luck!
I think that is good advice. I don't do anything unless I do my own research. Once you get into that mode not that hard to do. Win or lose it''s my money I enjoy this, so I don't let others decide.
To Mascu,
Thanks for your good post.
perfectly put Mascu,absolutely correct,the brokers none of them are user freindly,you play poker with the bank and NEVER against them,hope you picked up the clue there ??
Indeed Mascu well said. I am for education to trade stock market, but unfortunately I cant find any serious course either in Thailand or in Singapore(more chances its gonna be in English). All they offer is 1-3 days basic, that wont help me much...
just a small Jon will do,thankyou for the invite ;)
Meow I don't know where you are. But, Asia books have some good offerings. Charting for dummies Ect I ordered from Amazon.com. If you anywhere close to the SET, it has a large checkout library, that is free. I'm in Udon so that doesn't help much but a friend does check out the books when he runs into a good one he lets me know and I order them.
the best course is the self taught course and right here on the blog you should be able to pick up alot of clues but none of us are god but street wise (or stock wise)is the name of the game and the more you see,the more you learn and we are all still learning,most likely from our own mistakes in the past :)
Yingluck will send NBTC list to up for approval
Right about now I'm happy I didn't sale TRUE yet
Might get a bit of action on JAS as well.
I for one have no problem helping you find the research sites. I've been reading for sixteen months. I still have lots of questions, ask away You ,might ask one I missed.
Wasn't there a learning section on the site?
I am in Phuket, but will pass BKK end of this month, its a good idea to visit SET and its library!
be very careful with JAS, I do trade it and do own some shares but certainly is not one to be trusted,u buy,for sure it goes down,u sell, 4 sure it goes up,as long as u know that,then u have a chance,thats where having 2 accounts with differrent brokers can come in handy.
BEWARE
Mascu,that is absolutely advice to perfection,could not have advised better myself,just like to add,play the same game as the bank as the dealer always wins and the brokers are the nearest we get to the bank,there is a clue in there if you think hard enough,brokers would not servive just on the small service charges,WOULD THEY ?There are more losers than winners at the casino,if not,there would not be one in the first place ""
I agree with what Mascu said except ""Stock Investing" should be a major course in universities and colleges, it is a very complex science."
No one can actually predict when the price goes up or down because the buyer and seller are human. I have just started my first BBA course this semester but I dont feel the need to "take course in University" to invest.
Many books offer investment knowledge, one of them is the "Little Book of Value Investing" or even other technical books out there.
Human's mind are clouded and it's impossible to know how Mr. Market will act. We can predict but it may not come true.
Enjoy your investment, and invest and feel happy about it. :) When you start feeling that investing is a burden, stop, and take a deep breath.. and start again.
Thanks Guys Jas is a playing for me 3400 shares, I'm looking for whopping 2 satang gain and I'm out. I look for value and dividends in ,my real investment.
True I fell the same way 10 to 20 satang and I'm out. Trying to get rich in stocks quickly, can get you rich a it can also get your poor.
I started my plan investing 20K a month. I will bring in excess of 30 K in dividends this month.
A good way to look at it is as a business plan.
How much can I afford to lose and not effect my life style. (20K)
How much is my goal in profits 20% per annum including dividends. That is possible and not getting rich over night.
Protect the money stop loss, can't get it automatically. Only takes few seconds to check your portfolio. A form of trailing stop put a sale point with portion of a stock that is growing, set a sale price in the morning before the market even opens. Bidding can be done the same way.
Jas a good example I know what I want 2 satang I'll set a sale at that level around 0800. It hits I'm out. I'm no day trader but, I am a trader. When I see a opportunity.
By the way that 20K is about 500K now. I'. still not going to change my plan I could sale on todays lows and still be making money.
simple approach keep putting profits back in and sooner or later you are working with their money not the money out of your pocket.
With the way things are going I may try Kim Engs approach sale 10 to 15% on the high. I won't tale the profits I will wait for the low and add to my existing position.
Those are just ideas you need to decide what meets your needs not mine.
My goal is to establish a retirement for my wife I got a good one now. So that gives me time to work towards that goal.
Look at the Dummy books they may be available at Asia books if not Amazon.com. Trust me it takes several readings even at that level. You might note I ask about charts on here cause there are guys here that understand much better then I.
I haven't seen a book yet that would match what we are going through in this past month. Now I watch volumes closely along with charts. Keep in mind I do my research first.
Most of what you need is right on the SET. I go further and search for news articles, but I got time.
I look for stocks that pay more then 5% in dividends and have a history of doing so.
I look for low debt ratios and good cash flows.
Man I'm writing a book here I don't want to anger anyone so I'm stopping.
I will leave this with two thoughts
Never put any money in stocks that you can't afford to lose.
Everyone has down days with up days. once you can accept that you can enjoy this adventure
TT ( Tis Thailand )
NBTC
Nation says Yingluk is waiting to submit for endorcement.
Bangkok Post says she is submitting both written on the same day.
Take your pick
Meow, take a look at this I don't know if it will help or not. But, worth a look.
http://www.investorguide.com
Jas, just read an article that Thailand will increase digital coverage by 80% in four years, Is that in Jas's arena or more MCOT's ?
Gonna be painful week, lots of bad and unclear news from Europe...:-(
Checked the activity on foreign investors this morning net sellers, so far for the day.
Some very good dividend stocks are headed into buy territory. I have picked up 35 K in dividends since August. These are good for that.
MCOT
RATCH
EASTW
TTW
When those stocks gonna pay dividend? And in general where I can find a schedule of the dividend payments on SET?
Another to think about for Dividends TVO
Bid 24.50
Dividend .60
X/date 9-23
It's falling will it have growth, that depends on the Palm Oll supply and demand.
I would take a shot at it, but I sit for dividends now and don't have the money.
Worth some research
So the cheaper the stock of the company compared to its dividend payment the better? Do you get the dividend paid directly to your account with broker? I've got few thousands of TOP, the XD is in 2 days i believe...
I did a screening process on the MAI today
I wanted the companies that paid more then 4% dividend.
Had debt a ratio around 1 or below
Any input on the companies would be appreciated they are:
BOL
CMO
CPR
HTECH
KIAT
MACO
NBC
MOONG
NBC
PHOL
SALEE
SWC
TMI
TNH
TRT
UEC
Anyone see a gofd nugget in these LOL
No not really I passed on a lot stocks that were cheaper. Some didn't pay dividends other debt ratio were to high.
Normally Kim Eng will send a notice that you qualify for a dividend. That will be followed up by a hard copy delivered by mail.
If you think you have dividend coming two ways to check that.
Go to the SET site enter the stock symbol, look under rights and benefits, that will give you an x/date if you hold the stock on the x/date you may qualify for the dividend.
The other is to look at the stock calender there is bar at the top click on x/date. That will give you all stocks paying dividends in the month you check.
If you have qualified and you have not heard anything call your broker.
Rayfisher,
excellent posts, i enjoy reading them. We can be good buddies haha.
Mind if I ask how did you check the intra-day net buyers and net sellers? Right now, I always have to wait until 5:30pm or later to know who the net buyers or net sellers are.
Meow,
With dividends what you are looking for is percentage. Let's say a stock priced at 100 gives an annual dividend of 4. Simple math, 4/100 = 4% dividend per year. Imagine that stock price dropped to 80. The dividend of course will be unchanged at 4. 4/80 = 5% dividend. So we could have many people holding the same amount of stocks but the % dividend differs for each person depending on the stock price.
For clarification purposes of the XD date, Im sure most like me when first starting is so confused by this. If you do not want the dividend, SELL the day BEFORE the XD date. If you WANT the dividend, BUY BEFORE the XD date. By buying ON the XD date, it is too late. Some people sell before the XD date, for a couple of reasons. Dividend gained will be taxed at 10% AND the price of the stock usually drops equal to or lower than the dividend gained. For example a 100 price stock, getting ready to pay it's 4% annual dividend. On the day before the XD date, the stock price will have rallied to 104. On the XD date, the price will immediately drop to 99 or lower. Do the maths, choose how you would like to play the game.
The dividends are automatically transferred to your bank account that you have registered with your broker. Remember, during the application, you had to applied for e-dividend with TSD, that automatically delivers your dividend. You will also get a postal card from TSD stating your shares and dividend and subtracted tax. Each share comes separately.
And most brokers like mentioned have a stock calender that lets you see upcoming XD dates. Dividend hunters buy prior to 2 weeks for a low point, 80% you can expect 2-3 days rally before the XD date.
And please dont buy any stocks with dividends lower than 4%. It's not that the company isn't paying good dividends, it's that there are too many buyers over pricing the price of the actual stock.
Inflation is roughly 3-4% now, so mind you, you are wasting your time and money and making the stock exchange more expensive than it really is.
Happy Trading!
Your welcome I remember how it felt when you first start, it's just overwhelming.
Meow everything I did today came directly from the SET. You can get the dividend rate in the finance section after you search the stock symbol. More importantly you can see their dividend pay out record for five years.
Go to the set start pushing buttons check everything to see there and you will get the lay out quickly
There is an English version first thing change to English.
Tracking foreigners I use the Kim Eng site for that. It will give foreign most active. most value most deals. It's a running count so it's pretty easy to see if they are buying or selling.
What I will try to do now with that list is find those that might offer growth as well.
This part is only the screening process, there is more research to do.
Meow that SET site operates 24 7 so you can do that as you have time.
I don't know how to do cash flow yet I'm sure somewhere in the last 16 months I read it somewhere. But, I don't remember.
Meow I learned all of the from the net free:
Taking my list one step further.
MACO
Master ad PCL
Established 1988
Does Bill board and public media
Won business awards from 2005 to 2008
It's low was on 11-5-2008
went to an uptrend on 12-2-2010
In up trend now
This is one I would consider. My money is tied up now so I can't move on it. I will keep a watch list going on it.
Guys I'm new so if I'm missing something please chip in
PHOL
Phol Dhanya PCL
Imports and sales Occupation Health and safety equipment
I'm going to give this one a pass, to many competitors in a limited market
TNH
Thai Nakarin Hospital LTD
I'm not going to spend a lot of time on this, I already new about out. Slow growth Company seem to pay dividends twice a yer. If you can catch it in dip a good buy.
Unless your looking for fast growth, this is not that ticket for that solid thouhg
Unfortunately the problem now is not picking a good ones, but the global misery of the stock market that SET is blindly following..:(
Yes that is true, Greece is the flavor of the week.
Bringing everything down. China has said they will buy Italy bonds. So that is out of the threats for a bit. Caused the U.S. market to go up. Why we have a uptrend today. Everything is connected.
Today foreigners are still net sellers the one stock that shows purchases is TTCL.
So picking the right one is key, pick the right one and you get a discount day. SET will recover to the levels you want when the foreigners begin buying again.
All the markets blindly follow the others. In this region as long as China is growing we will to.
But if your looking for day trades, maybe someone else can tell you about that. Not my cup of tea.
Most, me included are pretty much sitting this out. I'm down less then one percent. The dividends I get this month more then covers that.
I try to find those that through thick and thin hold ups. Then when we have this kind of thing going on. I don't get to excited.
I guess first thing you need to decide is what kind of a investor you are, how much risk are you willing take. Took some time to figure that out. I'm a trader but in value stocks and I try not to day trade it's fun. But so is gambling.
You day traders out there why not share with her a bit, so at least she, she can at least study the right course material. She really doesn't need to know what Buffet has to say.
I believe there is a dummy book for day traders available on Amazon.com.
The SET just completely bottomed now, almost -1% with 1030 acting as a resistance from what I can tell. If that one will be broken today or tomorrow it will free fall..:(
The best I can tell Meow the next resistance point may be 1000, after that 930 I believe. I didn't do those charts a professional did on CNBC, based on a question, I sent in.
If it keeps going I may sale bit I already have the dividends on and buy back cheaper. That guy Buffet he likes buying when everyone else is running.
In the meantime find the ones you like be ready to buy at discount prices.
Sorry I mean support, not resistance.
That OK I get them mixed up all the time. I hit three stop losses and sold, that's what they are for. Now I have 150 K to buy back in with. When we find the bottom.
This is the time frame the E/U comes on line. So probably something from that region.
I confirmed it still about Greece and French Banks.
I'm not sure the U.S. market is going to make much difference in this one. Well looks like buy time is coming again.
hey Ray,i am also interested to know where?you get the info from regards to whos buying and selling ,as i also have to wait til around 5.30pm to find out.Is there a magic button i can press to find out ?Even when i ask my stockbrokers,they also cannot or do not give me the answer.
Would apprecciate any advice about that as it is of great importance to me to find out exactly what the foreigners are doing,The only clue i have right now ,is by checking the dollar baht exchange and that normally comes up with a result.tnx Jon
hold on for the the freefall which i am expecting,hope ime wrong but riding it out,which ever way it goes.
If goes too far down,then could take a long time to come back.Looked at the charts for Japan and 20 years ago it was 20,000,now around 8,000,dont want to scare you off but thats a fact with the other added fact that most markets have lost around 20 per cent this year and right here the SET is only around 5 per cent down,(if that)so considering that,beware and be careful and most of all,enjoy the gamble and remember ,you have only actually lost your money ,when you have sold less than you paid,ime holding on as a gambler through and through ;>)
To be honest I'm not real concerned about what we are seeing now. I exercised my stop losses cause that is a part of my plan.
It all revolves around Greece they will either B.K. or they won't. The French banks con into question about their loans to Greece best I understand.
If it does BK it won't destroy the E.U. Iceland BK and they are OK now. It happens.
I watched the U.S. futures they are like a yo yo based on statements coming out of the area. When they finally do what they are going to do, then uncertainty will stop that. Things will level off then we know where things really are. T Really no surprise in this it's all over TV.
I'm trying to stay away from export stocks right now. Thai Government is planning on putting a lot of money in the communities. It isn't out yet.
For example Advanc went up today.
Remember for every down side there is a buying opportunity as well. If everything I hold hit my stop loss level. I will sale and wait it out. Till buying opportunities came again.
The only place I know of that you can put your money with a guarantee is a bank and you won't even match inflation. Bonds may offer the something I don't know. The yields I see have not excited me enough to do the research
Here I would be more concerned about Politics going to the street.
I came into the market just as they stopped killing people in Bangkok. I experienced very fast growth. I don't look for that kind of growth now steady growth is what I'm hoping for.
Markets go up and down, that's why there is risk. But if you have stop losses and trailing stops good dividend stocks you can ride it out, till the good times come again.
I make mistakes but, I get right them wrong and I make money. I have put 20K in the market a month for 16 months. My portfolio is more then 500K I put 360 K in. so I have ways to go before I'm at a real loss. So now I wait for buys.
Dividends more then offset the losses of today.
I'm not a real stock person, so I just follow the rules and try to use common since.
I knew there was risk going in, I'm not going to let it scare me. As you can see I put basic research to work. I watch this blog closely. I'm thinking I should do a lot more watching and let the old hands guide us.
To answer your other question.
My broker is Kim Eng.
On there site mid way down on the left is a grey bar. Click on it.
You will see foreign active by:
Volume
Value
Deals
All in real time. For the past few days it hasn't been hard to read primarily red for selling.
The only buy I saw in it today was 100K shares of TTCL
When things get active again might be a lot harder to read.
I'm sorry I don't believe your broker can't do the same thing.
Foreign buyers are put in a different category then then Thai Invsetors
Hope that helps. Now it's time for me to shut up. Old timers are going get real tired of me real fast.
You can't listen and learn if your mouth is in high gear. I have a lot to learn
fair comment Ray,dont be silent,keep posting,we are all still learning and the more we learn the more we can earn,thinks its time to get the darts out and throw them blindly at the bussiness section of the local rags,that saves time and the bet is placed just the same ;.)
Calling on our chartist this one is out of league.
I know things are changing hour to hour so not easy.
Someone care to chart the SET?
Contacted Kim Eng
Next support level is 1000
After that 979
I'm looking for a buy back level.
For foreign watchers it 1200 hours they are net sellers
set: is in the 1 month downchannel with a support of 988 for today and 986 for tomorrow.
there would be a great rebound opportunity to play short term.
right now a bit of horizontal support but those do not work that well for the set. maybe only intraday or for today.
set is now rebounding from the horizontal support, if it closes about 1024 then there is a small chance that the long up channel is still intact and we could see a reound to the falling channel resistance.
but i have doubts, i guess the intraday rebound happened because the set was weaker than other markets and the dow futures rebounded a bit.
should read:
"if it closes ABOVE 1024 then there is a small chance..."
Thanks Zorro
I don't see any change in Foreign status this afternoon.
Moody's downgraded two French Banks. so I will just hunker down a bit.
Amazing Thailand, SET falling regardless of what other markets doing..:)
SET has always been unprdictable Meow,thats why I said welcome to the roller coaster ride of the SET in an earlier post.Always has gone against the grain and in all honesty, there is no reason that it will go up again for a while,its not so cheap anyway at around 12x earnings 8 or 9 is what I was used too.Expect a lot of political turmoil soon and dont say I didnt tell you so. (hope ime wrong but i dont think so ;-()
looking at the exchange rate (us) its almost a certainty its going down tommorrow :-( ?
Don't think SET depends on local politics, see 2010: it was fighting on the street and Thai stocks been rallying.Foreign buying/selling is much more important IMHO. In last few days it was extremely oversold, i hope tomorrow the trend will finally change to few days up(wish)..:)
US BHT exchange (central bank intervention,i beleive) has changed direction since I posted last night and there is every chance now that we should at least open positive and hopefully follow on as the foreighners has you have quite correctly said,have oversold,so they may want to get their shopping trolleys out today but still could only be a tempory bounce as the more they have,the more they can push it back down again.
Polotics is only an excuse to take markets down but they usually go down first on the bad news and the smart people chip away at cheap stock and hope and wait for a good and quick rebound ->)
I think its gonna be lazy day, 1020 for support and 1030 for resistance.Buyers are cautious to buy anything and sellers had their chances on the free fall yesterday. Unless more bad news from EU will throw it further down.
I love how lively this blog had become!! Thanks to all who're posting here. :)
It's time like this where VI method comes on handy.
TWZ: The Chairman sold 60M more stocks on 8th Sep. He should have no more than 400M stocks at hand. (Down from 800M stock early this year.) TWZ price dropped from 0.39 early this year to 0.32 now. I'm truly negative about the stock. Avoid it at all cost.
SVI: The owner had bought more than 17M share ever since early this year. So far, he spent 57M Baht of personal money to purchase SVI stocks. Watch for how it's fundamental perform this year.
I'm very interested in BGH and TNH, though the former's price had risen from 40 baht to 66 baht. I'd like to keep an eye on TNH and see how it'll perform. :)
Just trying to sign on
Forgot my password.
Don't get to excited but there is some foreign buying today, not a lot though.
Any thoughts on physical gold ?
I am glad i was wrong and SET broke the 1030, it was tough one! Now when I look at the email from Kim Eng they sent this morning and include: "Today, we expect the SET to rise at the beginning of trading and to decline later." I cant stop thinking if brokers are really know what they are talking about..:-)
That is the norm things just nuts now.
@Meow: Brokers wouldnt be just "brokers" if they truly know what will happen. They'll be multibillionaire by now. :) Trust yourself maybe the best.
BTW why we need foreigners to buy on SET in order to move that market? Thai money is not enough?
The set doesn't need foreign money in the short run but foreign money pushes it into one direction in the long run.
i guess thai traders who are in the majority are mainly daytraders and gamblers. they go in and out. foreigners stay for a while.
brokers have their own agenda. never trust anyone.
for the set: it rebounded from the horizontal support. one could see that it followed the regional and europenan markets but it hesitated.
i guess this is because foreigner are still selling.
there are 2 options now: the rebound from the horizontal support at 1012 contiues and stalls at the 1060something resistance.
the other would be that the set doesn't break the 5 day avg at 1034 which needs a closing in the red tomorrow
let's see. it all depends on the news.
brokers's job is persuade you to buy and sell as more frequent as possible. The high frequency you buy or sell, the more commission they make.
In Kim Engs case they have never pushed me buy stock. I'm a little investor I fall below their radar. A friend who has serious money out there has been pushed. I don't deal with the marketing team when I have a question I go to the ananylist assigned to the company.
You still need to do your own research before you make that call.
From last night and this morning the happenings in Europe, Sounds like something similiar to Tarp with the Central Bank there I hope, Geitner is there as well. U.S. doesn't need to be loaning they need to pay off the deficit.
If the E.U. that it will have a short term effect as it did in America. The idea money in banks so they can loan for growth.
So far that has not helped in the States Banks, they have money. But, are no loaning after that and two Q.E.'s
One of the reasons I'm asking about gold, this is driving the price down. So if hit hits in the low 1700's would it be prudent to add portion to your portfolio?
stock brokers know EXACTLY what they are saying and doing,do you know a honest lawyer ????I learnt alot from stockbrokers and earned money from there advice, right now ime with my best friend who is an x broker having a knees up in Phnom Penh :>),use your own mind whether you trust them or not but beleive me I chose the right direction .)
Sold TWZ on your post a couple of weeks ago and was already in SVI,so will hold out for that one.
All info is much appreciated guys,tnx
All right Zorro, I can see what you are talking about, greedy short sighted sellers just took it down from the day's high. Hope the trend will change in afternoon, same as it did yesterday.
Isn't that day trading?
good luck to anyone thats got the bXXXs to daytrade on the SET :-)seen em come and ive cedrtainly seen them go SKINT.another clue there for you
I have tried it in little bites never won, so not for me.
Last day of the week, everybody dumping the stocks, i think in the last month or so it went down more than 15%, start smelling like a bear market..:(
I just bid real low in the morning if I get it fine if no there is always tomorrow.
It's roller coaster not doubt about it.
think i will go back to plan A wake me up when September ends ,yawn yawn.
For you foreign watcher there are some buys in the big cap, but the volume is really low.
So hard to tell if they will be net sellers or buyers.
If no one needs this I will stop doing it.
I'm down 15K the only thing saving me is dividends, they put me back on the positive side.
appreciated Ray as i dont have an account with Kim Eng as there is not one close by,
@rayfisher: your info is much appreciated, if possible a post during the lunch break or to a fixed time as i do not update this blog too often durin the day.
thanks!
set: weak volume, weak performance compared to asian markets. the set broke above the 5 day avg and hardly managed to stay above at closing. that is the only positive sign i can see.
it could go up further next week to the channel resistance at 1060-1063 but i think it will head south first.
E.U. meeting same results, as to Giethner, basically he should go hone and fix his own financial house, in kind words.
So I would think the rooler coaster ride is not done
Confused nothing new in that LOL
Talking heads are saying Tech's are leading the way in the U.S.
That doesn't to be seem to be happening here?
Snakepit died long ago but I see some familiar names here.
This is my contribution. I trade several markets. SET is one of the best. Why? Because the market maker's cards are on the table. All his dirty tricks are staring you in the face. Carelessly executed orders are meat and drink. Close the door. Keep your eyes glued to the monitor. Study and learn. If you have at least half a brain, you are humble, fearful and brave then you WILL make money.
I trade every day. I have a very clear strategy. Over the last 292 trading days (since I initiated my strategy), I have made a profit on 265 of them and made a loss on 27 of them. The average daily loss is about half the size of the average daily profit. Average trades per day are about 40.
There are certainly others out there who have a better strategy than mine but I am very comfortable with my own. I have observed that my methods are unique. This has surprised me because I am certainly no genius. But then, since I spent 11 years making very little headway in this market, I suppose I could put that down partially to experience. But I would say it is more about care - and the other traits I have listed.
I will not reveal my methods. But I will say that it is possible to find a way to make money. Perhaps if you are well prepared and you follow some of my guidelines as well as finding a system that suits your individuality then you will trade profitably.
Perhaps you do already!
Good luck.
sam saleung
Jon, do u know when exactly CSX (cambodia stock exchange) wl be launched? which broker u use?I'd like to invest on their telecom, banks & water company
bought small of SGP & SVI..big hospital doing pretty well though.
and good to see PSL will overlap TTA px again before TTA make another run :)
Sam, can you give us more details on that: "SET is one of the best. Why? Because the market maker's cards are on the table. All his dirty tricks are staring you in the face. Carelessly executed orders are meat and drink." Sounds interesting, and will give newbies like me more perspective. Thank you in advance.
Along the same line, do you have accounts set up in several different countries?
Foreign activity:
We ended with a small net buy Friday it was to mixed to call that day.
Nothing different today but, I'm leaning toward sellers. There is no real clear picture at this point.
Just so you7 guy Know this posted everyday by Kim Eng and you don't need to be member any one can check it.
But, as meow pointed out that can be wrong just like the rest of us.
http://kelive.kimeng.co.th/kelive/userview/Home.jsp?cntry=TL&lang=en
Lately they are wrong almost every day, but they must write something instead of "We just don't know"..:)
Regarding the SET, seems its been enough depressed today, i think its gonna be short lived rebound in afternoon session.
Ok a little catch up from the research I did on the Mai. The following ones are moving up.
Kiat
TNDT
TNH
SWC
HTECH
Gold for the life of me I just can't make up my mind.
It's at 26,250. that's a just bit lower then I sold at last time I might get excited around 25,000 On of those odd day dollar index is up as is the Gold Index. So they are headed fro safety I would think. I don't know if the dollar is going to win on that or Gold?
Remember do you own research I can be wrong.
I like Global for flood damage repair, in Issan it will be the prime supplier for repairs, if it ever stops flooding. New so not much of a dividend yet. Debt ratio is low.
It listed last year, but has been doing brisk business in Udon for the past nine years, It's real builders supply.
I'm going back to try to find one I can steal today
Good Luck to all
DTAC and TISCO
Are the stocks foreigners are buying today ( Lunch Time ) Every thing else is showing sales
i must be a bit stupid because i don't know which grey bar you mean to get the foreign buying or selling.
clicked on every possibility.
what is written in/above or below this bar?
sure that one doesn't need to be logged in?
set: back below all averages but still around the 8 month uptrend channel at 1024.
volume is at the lowest in this year, everybody waiting for the next fomc meeting?
Zorrow if you have Kim Eng you see buy sale ect. Below that is the bar. If you have not used it before probably says favorites clicking on that gives you other options.
HELP!!!!!!!!!!!
Any thoughts on TWZ
rayfisher, maybe you can post a screenshot of that foreign buying location, cause I cant find it as well.
I tried the only way I know how to copy wouldn't let me.
I'm on now my number 086-229-8884
Give me a call and I will see if I can walk you through it. I j hate being the only one who can do this LOL
Any current information on TWZ?
https://trading2.kimeng.co.th/ketrade3/frame.asp?u=71132008&sz=1
This is the screen I use they have several
Don't forget TWZ it's for a member who can't log on right now. He trying to figure out it's time to get rid of it
Foreign buyers nothing has changed buying TISCO and DETAC everything else a sale
Foreign buyers both TISCO and DTAC gained today, everything else was a sea of red.
This is weird on the Foreign buy show TISCO up, my watch list shows it down .25 difference so your guess is as good as mine.
DTAC I see where CAT is asking for still yet another review. Got a be story in that.
hi rayfisher, this is how kelive looks like for me:
http://img835.imageshack.us/img835/5128/kelive.jpg
Couldn't bring it up, call your Bangkok tell them you want the screen that shows you real time trade, gives you watch lists and the section where you can check foreign trades in real time. They can send over the internet.
It was up a bit yesterday, when volumes are this low really hard to tell with just a look.
It's showing a increase in foreign buys yesterday. But. not levels to get excited about.
Zorro I forgot the mention forgot I this I use internet explorer as a brouser, for KIM ENG
TWC one other stocks I did the research on so it pays dividends ha a good D/E ratio,
Has fallen into a good buy area I believe I picked up a few shares at 2.94 may be even better this afternoon
Foreign trades more buying today then yesterday. Primarily big caps someone really likes DTAC
set: a close above yesterdays high of 1028.42 will give a bullish engulfing candlestick formation
I can see the first signal and it's at the bottom of the bollinger bands.
Lest hope it holds probably will if the E.U. opens higher.
That will really mess up my bids LOL
But a little good news is worth it
Foreign buying.
All I can say a lot of buying and selling going on, no way I can call it
E.U opened up, set is up.
sorry for late reply,too much sports and drinks last weekend .Cambodian market supposed to be oppenning for the public sometime in November but has a history of setbacks since 08.
3 compannies are deffinates,Pnom Penh water ,cabodia telecoms (not sure if that name is correct ) and Sihanoukville port,One of the big casinos ,think its Naga world may also joiun them,the bnks etc,will follow later.The brokers are running around like headless chickens at the moment,as nobody seems to be getting any updates.Nobody can open accounts yet but ime going for the brokerage arm of the Canadia bank and will send you the correct name later today.They seem to be the most helpful of the 3 companies that i have spoke too and they make it easier than most banks to open an account,a bussiness visa is needed and i think a driving license,with the other banks,you need stamped official papers from your landlord etc etc.No capital controls as we stand right now and around 5 per cent annual interest on the u.s dollar,anything else you need,just ask.You can google it and get plenty of results,there ya go
Boy that looks like the wild wild west, seems to have ways to go before you can get in. Oil and Gas would be interesting. If they get an agreement with Thailand. That's probably a better possibility now.
Scratching the grey matter here, they have been finding oil already close to the shore?
i cant find the magic grey button either ??TWZ,ime out,simple,if the main shareholders are selling out ,or have sold out,(which i picked up that info from this blog somewhere not long before) then that will do for me.
I certainly would not advise anyone to touch it,I cut my losses
Thanks Jon that was what my friend was looking for, I don't know why he can't log on he is a contributor. I'll send it on to him
anyone needing daily updates regarding the Cambodian stock market may wish to contact phirak@acledasecurities.co.kh
difficult to open accounts with acleda but they are reliable at sending their daily rag out.Thats where all my updates come from
Thanks Jon.
Well I managed to get five out of seven on bids this afternoon.
TRC went to 3.06, might be worth taking a look at.
Look to me like Foreigners were net buyers today, we will know in the morning if I'm right.
If I;m wrong I'm stopping I don't want to give out bad info and it's all a judgement call
Foreighners were selling a lot more than buying but at least the mkt went north but low volumes,pretty deppressing at the moment thats why ive given up monitering too much at the moment and switched the CNBC channel to HBO until the sun rises again >)so holding everything,by the way,SVI was a good call and when the dips came.
Ya to be honest I can see it but calling it I'm just not experienced enough. Amazing day for me everything I bought turned a profit. Nice start but I'm not expecting to continue.
On the other hand I spend a lot of time in research, more then I do buying. I didn't stick to my ground I bought one today with no dividend TASCO. With 294 rural roads in need of repair they are going to need asphalt and that is he only place you can get it.
I bought at 50 several months ago it was at 70, so I have my fingers crossed.
If the U.S. hold tomorrow we may have a good day. But, there are still dues to be paid
should have read,when the dips came i added shares of SVI,good enough for the owner add,then good enough for me
The action seems similar to yesterday, hit bottom early in the session and start to climb back higher, the only problem today is super thin volume...
Well I missed my estimate by ten miles yesterday so that's it. I don't want top lead anyone in the wrong direction.
rayfisher, what do you mean by "i can't see it but calling it" when you refer to the foreign buying?
there should be 2 numbers (buy and sell) for each type of trader: intitution, proprietary, foreign and individual, same as in the trading summary on the set homepage www.set.or.th on the bottem right hand side.
the difference between the buy and sell is the net and if this is positive in the foreign row this means foreigner are buyers.
maybe you are looking at the trading volume of foreign shares instead?
a screenshot would be helpful.
what number is the 200 day mavg for the set index currently?
the techie from poems states today at lunch that the set has managed to close above so it should be lower than 1031.
according to the poems online chart it is around 1040.
the other averages in the set chart given by the techie seem to be wrong as well.
he is using metastock.
am i missing something? will send him a mail but don't want to look stupid, feedback is appreciated.
I don't know if this will help or not, buy using Candle sticks the set should be moving up today.
They show two up days now.
Volumes still look low
Is it P/BV your looking for if so it's at 190
That's from ASIA PLUS
Brokers been talking about double bottom, SET hit 1010 just before it went up to the record high in August. Now again it bounced off 1010 yesterday and started to go up. This time it will be slow and painful trend up, without foreign support. But if technical is right, it should go up. We'll see.
test testing
ok good now,kept getting kickbacks before ,August September always seems a yawn month and bring on the final quarter,only buzz i got today wa DCC which has been doing nicely but maybe too late now as the sneaky brokers will probably be shouting buy tommorrow,which gives me my cue to sell,was a stbborn stock though >)
ueda,as promised but a touch late again,I will be using CANA SECURITIES in Cambodia,which is the brokerage arm of the Canadia bank and like the stock market,is located in the Canadia tower a few floors up,the bank is on the ground floor.Phom Penh securities are also informative and know that there is going to be lots of Japanese ,Korean investment etc but,ime not choosing them as they are not geared up for direct debits from banks,at least for now,CANA is and i dont want to risk my hard earned money who is frsh to Cambodge but as Taiwanese,they certainly have the first jump on being more clued up than the locals.Sorry to bore anyone that doesnt want to know about this and will only clue you more,if requested,over and out for today,yawn yawn,no volumes again
thx fyi Jon..
think if SET fall back to 980, might be a good time to hit-run on KBANK, PTT and other big caps
now just stay defensive ones...
scrt4u, dont u think NEP still a good buy? thinking to buy some around 0.65
I can see our Thai friends shorting the heck out of SET and want to bring it to 1000...Seems like they will be successful by that afternoon.
I think this is what we have been anticipating:
Dollar is up, markets down and so is gold.
From Asia Plus
A little after 1200 hrs, the SET hit 1044, and then gained back some. The sale off at the moments is 63%.
Traditionally the SET goes down in the afternoon. But, who knows these days, the norms don't always happen.
I wish I had more money to buy with.
I still have not gotten my low bids
To ueda,
NEP: It's hard to predict whether it is still a good buy. Now it's still in the down trend. The double peak and the downtrend of volume. Wait!
DELTA: seems a "cup with a handle", interesting! If you try, use tight stop.
Is Thai Beverages listed in Thailand?
If so what's it's symbol I can't find it
Welcome to 900. 995 now and still shows a 65% sale off.
could not ressist a bit of bottom fishing today ??
Ray there used to be a company called sermsub (something like that)that was licensed to use the pepsi or coke name,but ime buggerred if i can find it now,maybe changed name,that could be the thai beverage you are after but i have limited rescources as i am still in the wild west of PP.
I think Thai beverage bought the pepsi deal. I;m bottom fishing as well scored on one MCOT.
If this continues the next support level is 979
Well i didnt want to miss the boat,even if its the sinking one as i will not have the chance for the nxt few days as driving,driving ,driving,then again, driving back to Lieland on Monday,so hope it pops up but my gut feeling is it wont but with the SET you never know
set: tomorrow would be a good opportunity to buy if it reaches 975 plusor minus a point or so. there lies the downchannel that started in august.
one can be in for a quick shot or stay longer for a rebound to 1030, the channel resistance.
all depends a bit on the news, i guess.
the set might stall earlier at 1012 plus/minus 2
will have to look for other indicators as well, such as the rsi.
Well good dividend stocks I only want to add to them, while the sale is going on. Got MCOT at 29.75 today
The bargain basement is open wish I had more to buy with. Asia Thailand include will ride this out much better the the other markets. My guess a time will come that the market is priced so foreigners will jump back in a serious way. Have to wait for the fear to settle down.
The only thing that went up today was the dollar, you know that will change
Well so much for 979 as a support level. The SET low was 960 about 10.15 hours. easing back up after that. 53% is the sale level.
I'm still holding
set dropped below the channel support on the opening. there is a possible horizontal support around 940 as this was the low in february.
as the set is underperforming the region today with seoul being the only worse performer there could be a rebound in the afternoon.
will do some daytrading only, next supports for the set at around 920 and 880.
my broker hasn't updated the data of the chart system yet, can't give more details.
947 now EU opened north so we may see c some changes in the afternoon.
SET is close showing more selling then buying be interesting ti see what it looks like at 1500
15.00 hrs 952 the sectors showing buys
AGRO
AGRI
BANKS
ENERGY
FIN
HEALTH
Bangkok Post online Top stories (22/09/2011)
August exports up 31%
Sure doesn't feel like it
Things are not looking good on the SET now. The trigger to growth will come form E.U. Countries I believe. If the stop talking about the problems and actually act to do something about it.
Well I think we are going to find out if Graham and Buffet were right over the next two years. If they were wrong this will be a very expensive lesson.
Euro down, Gold Down, Dollar up.
Go figure, nothing has changed in the states business a usual. Nothing but arguments
clean up my port & take a rest for a while :(
probably SET wl settle around 880-900
Out of my league again
Can anyone do a chart from 2007 to date
falling faster than I thought
picking up lots of stock this morning,filled my boots and delayed Lieland til tommorrow,afternoon rebound would be appreciated >)
DOUBLE DIP a real possibility. I apologize for the length on this but I believe this is something we all need to be aware of.
I thought a good time to refresh my memory on recessions:
The thing to keep in mind the average time of a recession is 22 months from the time it's called officially. The least amount of time 8 Months, The longest since the after that we are talking eight years
. I will not put any money into anything that I''m not willing to hold six years. To me that spells Gold and good dividend stocks
I would refrain from jumping too early in the game if I were you. Think logically instead of your emotions. Personally, the best time of the stock market is now. It's not during a bull market, you dont need to be an expert to make money. Even a blind man who buys during a bull market makes money. We need to learn from the market and the past.
Simple question, what do you see the days ahead of you? More selling, so yes, even though now it is cheap, it will still get cheaper, so just wait. It's that simple, drop drop drop, then a period of "equilibrium".
I'm with rayfisher on the value stock investings. Now I get to buy stocks at huge discounts with attractive dividends and I'll be happily holding them for 10%+ dividends for years to come while this so called crash is occuring. Sure people are selling, dont be the 90% crowd, make your own research, get solid earning companies, keep making money. I'm kinda dissapointed with the society's goat/lamb behavior, we've been through this countless times, "yes tomorrow the end of the world will come, all companies will dissapear, we'll live like tribal men again". Get real.
@rayfisher: which chart do you need? for the set take this:
http://www.bloomberg.com/apps/quote?ticker=SET:IND
for other charts and technical analyzis visit
http://www.asiachart.com/
which should be updated today.
doesn't your broker offer any charts?
set: reached the target of 880
afternoon rebound can be expected as the set again underperformed the region. some daytrading should be possible, but holding longer is is only advisable if you have a stop of 877
Bloomberg worked great. What I was looking for was what low might be in the cards if we do hit a double dip.
The lowest in the past five years on-27-2009 it was 388.56
let me tell you guys,i NEVER EVER day trade and only buy when i see red,then i dont care how long it takes to make a profit,as you say,qualityis the name of the game.
But get real,when a market hits a day low of 10 per cent,then to me,thats OVERSOLD.at least on the day.I dont care of tommorrows,today is what is important.If we go way down again,I buy and wait,and if its 10 years .,so be it.Been through all this before in the 97 crash and made a cart load of cash,i cant ressist a good crash.
Rightly or wrongly,ive been shopping,heavy duty.;>)
erm,well was it oversold ,or not,as we stand now,its 5 per cent down,before when i posted,it was 10,hope ya all got a peice of the pie ??
16 stocks bought,15 winners, dtac being the star of the show along with svi and cpf,held all,so its a flip of a coin tommorrow and all you day traders out there,I hope you cleaned up as you wont get too many options like today.NOW we need the DOW JONES positive tonight,at least ,i do,fingers crossed,over and out and back in LOL tommorrow :>)
May DTAC contiue to be blessed Only thing I hold d inn the black great dividends. As well.
I will be changing my portfolio pretty soon to 25% physical Gold, Even Mark Farber Mr. Doom. Boom and Gloom is looking for a turn around in the next few days.
The E.U. acts that will turn everything around I believe
A day to remember, aren't we ;)
Also got profit from scb, bla & cpf tdy...I just wait around SET support 880 then hit & run during this crazy time
i don't think a green dow will save the day, or better save the week.
yesterday the dow was green and set crashed, even europe was up.
we could see an up on the set tomorrow as there is a high rebound chance after 3 steep falls and the rsi being oversold, but this could be a 1 day jump only.
look at bartons longterm chart and be prepared for the worst: set = 450.
the set just recently broke a good uptrend. there is a lot of downside possible.
http://www.asiachart.com/thaiwklog.gif
"You must stop loss when your loss is still small."
I believe you.
And to scrt4u,
I'm still waiting for ur "blindly guess" after a few months of the crisis.
:D
just "Wait and See"
I dont know, but from my 5 years investment experience, I was never (or hardly) able to guess lowest/highest price, so all I can do is accumulate a stock which I'm sure is a long-term stock to keep.
The Dividend is much better than a 3% fixed deposit. So if you think investing is a form of accumulation, talk about 401(k) plans.
Buy fear.
:>) :>) :>))
the headline "stocks jump on hope...." says it all.
while the set should end green my feelings tell me it will be red in the afternoon.
dont be so negative,i think positive in crashes and enjoy the bull runs and remember a bull market always comes after the bears and last a hell of a lot longer >)
let everything ride today but taking nothing for granted
From Kim Eng today:
They don't expect the market slump to be short term.
So lets think about that a min. Did anyone tall you there would not be ups and downs. If the did they were lieing.
I've taken my 25% position in physical gold now.
That doesn't mean that I will not n buy stocks now. But I will only buy high paying dividends stock that I will hold long term.
If this lasts longer that means I will have more time to accumulate at great prices.
One thing I have learned in the past 16 months jump to the new kid on the block with magic growth, usually results in losing money.
We seem to be in a bear market time to get back to the basics of value investing
love your posts Ray,i always look for value stocks also but when i see an entrance to jump in ie Monday,i take the gamble just like i did when i sold some this morning when it was positive,as i gambled the market would go down today based solely on the exchange rates which are normally accurrate,best profit on today was DTAC, now I want it to go down to hell so i can at least skoop that one back at the bargain basement as it is a solid stock,look at SVI flying today,held tight on that one >)I am medium to long term when it comes to investing but a quick profit never hurts and act on my hunches,16 years been trading this market and hey its always been a wild west roller coaster.
just like to add b4 i jump in my truck and cross the border back >)
this is the only blog site i have ever been apart of and i appreciate being able to post.I thankyou all ,as I like all of us,are still learning and I appreciate all of the posts and saved money by dumping TWZ and made money SVI and of course Ray Fisher,thankyou too for temting me to get involved with DTAC.All of the above,i got from this blog,so thankyou guys and gals for creating and conntinueing to make this to be a great blog.over and out >))(for today)
better safe than sorry.
this applies especially for the stock market.
we saw the usual 1 day rebound and today is a down day again. asia keeps falling through the lunch break, set should follow.
from the candle sticks a green set would give a bullish formation.
doesn't look to come true.
yes, bull markets last longer but the bear market just started and will take at least a couple of month.
we will have to see some more evidence of a reversal before holding on stocks longer than a few days.
like the dow breaking out of th esideways pattern above 11700 or the set climbing above 1010.
if the market is up on hopes and going down on facts, stay with the bears.
HI EVERYONE,
A NEWBIE AND POSTED BEFORE ON THIS BLOG A COUPLE OF TIMES.
CHEERS
SAM
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