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SingTel
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Singtel Bullish???
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destinykraze
Elite |
19-Feb-2018 15:51
Yells: "Reality is only a matter of perception" |
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A lot of funding going in to IT. Tech stocks may benefit. | ||||
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spore1
Supreme |
19-Feb-2018 15:47
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Thanks for sharing! Not going to buy when mkt is Up. US is closed tonight , won't have much impact Tmr unless Asia mkt start selling down . Vested at 3.52. Will wait for further weakness then consider to add.
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leongyan
Master |
19-Feb-2018 15:38
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wouldnt say it is a sustained rally like beginning of Jan 2018... it is post CNY so monkeys are just pushing up. Dow looks weak for rest of sessions.. Not using CFD to short STI stocks also.. Prefer to sell into strength though and see what happens
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tonylim
Master |
19-Feb-2018 15:24
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Time to accumulate at such low prices.  This lay long lay long won' t last very long
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destinykraze
Elite |
19-Feb-2018 15:21
Yells: "Reality is only a matter of perception" |
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Here is the link to watch it live  https://www.channelnewsasia.com/news/singapore/live-blog-budget-2018-finance-minister-heng-swee-keat-9961086 |
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destinykraze
Elite |
19-Feb-2018 15:20
Yells: "Reality is only a matter of perception" |
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Big movement. 1.2m shares bought up, 800 left in queue as bid. Just take note that Shortist would try to buyback cheap. Once pressurized, we might see market gap up.  Stay tuned for 2018 budget @3:30pm, sg market might see super big rally if its good. |
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handyman
Member |
19-Feb-2018 15:17
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Tks for the valuable info about the shipping and ship building industries. Btw, singtel at this price and dividend yield, i will be buying some to form a small part of my portfolio of income stock.
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wavehunter
Supreme |
19-Feb-2018 14:58
Yells: "Trade what you see, not what you hope to see." |
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SingTel will be a fine stock to own and hold for dividends and capital gains. But only when the idiot kartek monkey is done and leaves the driver' s seat. Then the price action we will see is an intraday higher high higher low type of action. It will be the same like today... rising from 3.34 to 3.43 except that after a brief pullback to 3.40, she will resume her climb back to 3.43 and beyond to show higher and higher intraday highs. You will see lots of buy-up trades on that day and strong follow up buying. But we will all have to wait for the monkey to butt off first.  |
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destinykraze
Elite |
19-Feb-2018 14:24
Yells: "Reality is only a matter of perception" |
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" This Chinese New Year 2018, I did a ground zero check and chatted with bosses of shipping and shipbuilding industries. Their orders have been increasing and on the up since 2H-2017 and 1Q-2018. This tallies with all my macroeconomic financial modelling, that stocks and equities of shipping, shipbuilding, energy, commodities, raw materials, metals and crude oil are going for another big wave up in 2018 and 2019. All these gatherings during Chinese New Year with important people, they are indeed important, and I am sharing selflessly again these findings with everyone, so that everyone has an edge which would otherwise had always eluded you." Source :  Donovan Ang  Good luck to those vested, sold my shares in singtel for decent profit. Using these funds to add more to shipping and banking. My bank and shipping related shares are growing more than expected.  But, it doesnt mean that Singtel is not good. In my honest opinion, I still think it is a low risk and medium return stock at this price, value for money. If you have little time to do research, Singtel is the way to go, especially when the price is at a 6 year low. |
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destinykraze
Elite |
19-Feb-2018 14:16
Yells: "Reality is only a matter of perception" |
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This.  Today will be interesting on Budget 2018, Feb 19 at 3.30pm.
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wavehunter
Supreme |
19-Feb-2018 14:07
Yells: "Trade what you see, not what you hope to see." |
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The other trading stocks have stalled. They are not rising any further. The 3 banks... also not much movement today. UOB is up 22 cts at 27.26. DBS is up only 5 cts at 28.33. OCBC is up 9 cts at 12.87. On a good day, UOB and DBS will be up 60 cts to 1.10 and OCBC will be up 30 cts to 50 cts. My 4 Musketeers also ran today. But all of them have stalled. This is what happens when the broader market is not convinced that the market has turned.  This is what happens when we get this...
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Shampain
Veteran |
19-Feb-2018 13:57
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Both of yall also correct. No right and wrong answer only difference in mentality for different people. There might be one monkey that sell down. But a larger king kong buy up. Then over all net net is up. If king kong sell down... then we probably seen that for the past weeks | ||||
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wavehunter
Supreme |
19-Feb-2018 13:54
Yells: "Trade what you see, not what you hope to see." |
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Yes. There is no free lunch in the stock market. So we will just have to accept that high risks comes with high gains. If you can hold and you dont mind holding, then buy at the best price you can get. But since the price has hit a Day High at 3.43 and then pulled back to 3.40 : 3.41, if you want to buy now, wait for either the buyers at 3.40 to be taken out or for the sellers at 3.41 to be swallowed up by bulls. If buyers at 3.40 are taken out in one bite, the next thing is to see if buyers at 3.39 are also taken out in one bite. If it happens, follow the price down first. Buy only when this hammering stops and sellers are swallowed up by bulls. 
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wavehunter
Supreme |
19-Feb-2018 13:47
Yells: "Trade what you see, not what you hope to see." |
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My Golden Rule in trading is.....if a monkey is buying your stock, your stock will rise. You can SHORT it all you like and get as many people as you can to join you to SHORT the stock enbloc. But your stock will still rise for as long as a monkey is still buying your stock. Likewise, if a monkey is selling your stock...never mind why he is selling and whether he is crazy or irrational or whatever...it doesnt matter. The " WHY?" doesnt matter. It is totally irrelevant why. Is he still selling? That' s the only thing which matters. And that' s the question we should be asking ourselves. And this Golden Rule applies to every stock in the STI. Without exception. Whenever the US President boards a plane, that plane becomes Air Force One. Likewise, whenever a monkey boards a stock and take the driver' s seat, that stock becomes a monkey-controlled stock. It will go where the monkey wants to go. Our only task...nothing else matters... is to figure out which direction the monkey is going.  I didnt see strong follow up buying with the stock making new intraday highs and intraday lows.  In a strong move, pullbacks  will be shallow and brief and will be pounced on by bargain hunters. Becoz pullbacks are buying opportunities. I am not seeing that happening. Not just here in SingTel. But in the other trading counters as well which are regularly played by traders. These other stocks also ran today. But they have since stalled.    |
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viromics
Senior |
19-Feb-2018 13:39
Yells: "If I am thinking buying, it is an opportunity to sell" |
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Hi, Wavehuner We most agree that  Buying on the way up is great. However, how do we know whether the UP is just a Meow Meow Dance or not, Very often, we missed the chance because we doubt the up is Meow Meow dance in the early stage of uptrend.    |
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wavehunter
Supreme |
19-Feb-2018 13:33
Yells: "Trade what you see, not what you hope to see." |
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It wont be a good sign if we see another selldown trade which takes out all the buyers at 3.40 and the price slipping to 3.39 : 3.40. That may trigger the stop loss of some of the traders who chased the price at 3.41 to 3.43. |
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wavehunter
Supreme |
19-Feb-2018 13:26
Yells: "Trade what you see, not what you hope to see." |
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And whilst I was writing my previous post, another sell-down trade hit this counter.![]() And now she is at 3.40 : 3.41. We need to see more funds and institutions coming out to buy her up aggressively with no letting up before this Kartek Monkey can be " persuaded" to change his mind and Siew Kang. If no funds and institutions want to be the White Knight, this Kartek Monkey will treat this bounce as an opportunity to collect more SHORTs at higher prices to average up his price.  |
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wavehunter
Supreme |
19-Feb-2018 13:21
Yells: "Trade what you see, not what you hope to see." |
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No, I am not talking about catching the very bottom. That' s not my concern. I dont expect to catch the bottom. But I am concerned about buying on the way up after the bottom has come and gone and not buying on the way down when the bottom is still not reached and the worst is not over but is on its way.  Buying on the way up is great. But if that UP is just a Meow Meow Dance, then its going to be a NABEH when the Meow Meow stops dancing. Take a look at this. Another selldown trade at 3.42 done just a while ago. ![]()
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viromics
Senior |
19-Feb-2018 13:20
Yells: "If I am thinking buying, it is an opportunity to sell" |
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x 0
x 0 Alert Admin |
3.41 buying queue suddenly disappeared. Is it monkey playing? | ||||
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handyman
Member |
19-Feb-2018 13:13
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I think you will need a some luck to catch the very bottom.  I will be quite happy to catch it 5% from the bottom.
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