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ST Engg
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Turtle.soup
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13-Oct-2016 10:57
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sigh.. another no use counter... other counter drop this counter also wanna follow.. |
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bishan22
Supreme |
13-Oct-2016 10:46
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collected some eggs....for Capricon ommelettes... 
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MichaelSchenker
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13-Oct-2016 10:43
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Below 3.20 again, on a bad market day. Any takers? Looks like Low getting lower. |
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SuperLuckyCorn
Supreme |
28-Sep-2016 13:49
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General notibird, Ready for action?? Our troops already on Standby. ^_^
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notibird
Veteran |
19-Sep-2016 17:35
Yells: "Up Or Down, Just Follow The Monkey And You Can't Lose !!!" |
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ST Engrg is a regular beneficiary of quarter end window dressing. And this month is a quarter end. Today' s LOW was 3.28. In the last hour of trading, she gained strength to jump to 3.31 : 3.32 and closed at 3.34. I think window dressing has started for her. A 15 ct to 20 ct move counting from 3.28, cannot be ruled out. I think she has become a BUY ON PULLBACK. |
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notibird
Veteran |
11-Sep-2016 18:52
Yells: "Up Or Down, Just Follow The Monkey And You Can't Lose !!!" |
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So let' s say the Fed announces a rate hike on 21st Sep after a 2-day meeting. Then what? I suppose that will depend on what happens from 13 Sep to 21 Sep, a period where there are 7 trading days. By the time Fed makes their decision known on 21 Sep during market hours in the US, it will be night time for us. So 21 Sep will be a full trading day for us but trading in the dark as to what the Fed will do later that night. Scenario 1 : If the selling continues at Wall Street from Mon, 12 Sep and for the whole week until Fri, 16 Sep or even until Mon, 19 Sep and then becomes quiet on 20 Sep and 21 Sep whilst the market awaits the Fed' s decision, by then, prices would have been bombed out and would have found a bottom. If we have 5 to 6 consecutive days of fall, I believe the STI would have given back around 150 pts to fall to around 2700 region. And if that be the case, if Yellen announces a rate hike, the market will likely react with a rebound for 3 reasons. 1. The rate hike is already factored into those bombed out prices. 2. Uncertainty about whether there is going to be a rate hike has been removed. 3. Odds of a 2nd rate hike in Dec may somewhat lessen. Scenario 2 : If between Mon, 12 Sep to 19 Sep, the market goes into HANG MODE or continues to be propped up, meaning prices remain at elevated levels after the recent run-up in the last month, then a rate hike in Sep will catch the market by surprise. In such an event, I will expect market to react with a selloff. But this selloff, when done, will also find a bottom and prices will stabilise after that. Where is that bottom? Around 2700 to 2750. What happens to the market after that will depend on the following: 1. The monkey. If there is one in your counter. 2. If no monkey, then the market maker. 3. Whether the rate hike triggers a foreign fund redemption exercise. Scenario 3 : If there is no rate hike on 21 Sep, then in both Scenarios 1 and 2, the market will rebound. The rebound will be much stronger in a Scenario 1 situation becoz prices at bombed out levels will look more attractive to institutions and bargain hunters. Having said that, the rebound can go only so far. After that, its back to the fundamentals of the economy, external events, and above all, what monkeys and market makers want to do. |
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notibird
Veteran |
11-Sep-2016 18:49
Yells: "Up Or Down, Just Follow The Monkey And You Can't Lose !!!" |
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My take on what' s going on in Yellen' s mind is... 1. Yes, if only the August Job Data had been 200,000 new jobs added just like in the months of June and July, then no hesitation required. A rate hike is warranted. 2. Yes, only 151,000 new jobs added in Aug was lower than for the months of June and July. But it is still a good number. 3. When we raised rates for the first time in Dec 2015, we had said that we intend to raise rates for another 4 times in the year 2016. But external events forced us to reduce that to 2 rate hikes. 4. The Sep FOMC Meeting is a good time to raise rates becoz we have good numbers in June and July and not so bad numbers in August. If we raise rates in September, it wont do that much damage to markets. Markets have already been reacting to an imminent rate hike. Markets have been expecting it. So we might as well just do it. 5. If we delay now, then if Job Data is disappointing in Sep, Oct and Nov, or external events introduce new uncertainty into the market, we will have to wait again at the next FOMC Meeting in Dec. Which will mean for the whole of 2016, we did not manage to do even a single rate hike. |
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notibird
Veteran |
11-Sep-2016 18:47
Yells: "Up Or Down, Just Follow The Monkey And You Can't Lose !!!" |
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This was the chronological sequence of recent events... 1. Job Data in April and May was very disappointing. Hence, Fed kept rates steady and unchanged in June. Market had believed that Job Data will remain weak. So market factored into prices a no rate hike in Sep scenario. So market remained supported and did not fall. 2. At Jackson Hole speech in mid-August, Yellen said the case for rate hike has strengthened in recent months. This was due to Jobs Data bouncing back to show that 200,000 jobs were added in June and July. Market began to weaken slightly as this was the first time since Dec 2015 that Yellen has shifted from her dovish stance of " the Fed will be accomodative to the economy" to a hawkish stance of " the case for a rate hike has strenghtened in recent months." This led market watchers to believe that if the Aug Job Data also show that 200,000 jobs were added, then the odds for a rate hike in Sep will surely shoot through the roof as Yellen had said the Fed will be looking at economic numbers. So everyone was waiting for the Aug Job Data to come out. 3. Aug Job Data came out and it showed that 151000 jobs were added...below street estimates of 180,000 jobs. Due to this, market watchers again began to believe that the Fed will not increase interest rate in Sep. So market started to rise last week. We saw that on Monday to Wed and I cautioned about CON BULL. 4. On Sep 7, one Fed official said that it makes sense to get back to a pace of gradual rate increases &ldquo sooner rather than later&rdquo . That caused jitters in the market and we saw prices retreating on Thu. 5. Then came Fri and Dow fell -394 pts because another Fed official said it is " increasingly risky to delay US rate hike" . As you can see, the market is now extremely sensitive to interest rate news. If yet another Fed official says something which points to him preferring to raise rates earlier than to wait, then yes, the market will take another tumble on Monday night. But if the next Fed official says something else which hints of no rate hike, prices will rebound somewhat. If no one else comes in to say anything becoz they are all like this - market makers want to do. By now, all those who have spent enough time here in this forum and have read and followed the discussions here with eagerness and enthusiasm would have learnt how the market works. For sure, prices do NOT move at random. Prices are very much controlled. And Rule No. 1 of this game says the one who is prepared to risk the most amount of money on the stock and put that money to work, gets to say whether that stock goes up or down. No more. No less. Its as simple as that. If you are that person and you have the money to do it, you get to decide if that stock should rally or plunge. So what we need to do on Tuesday morning is... 1. Is there a monkey in your stock? If so, try to read the primary direction of the monkey and follow him. 2. If there is no monkey, are market makers collectively doing a CON BULL to prop up the market? If so, dont be CONNED by them. 3. Are market makers whacking the market down? If so, we join them. 4. Is there a foreign fund redemption going on? This one is a biggy. History has proven conclusively that where hot money flows into, that market will rise. And where hot money flows out from, that market will die until Sibeh Chiak Lard. We had one such foreign fund redemption before. I think it was in 2014. That year, all the gains made by the STI from Jan to May... in just 2 short weeks, all those gains were given back. Evaporated !!! And therein lies the sheer firepower of foreign fund redemption. Which usually happens when there is an interest rate hike. So we watch out for it to see have or no have. If have, dont hesitate. Cut all LONGs. Go SHORT. But one thing, for the market to go into a correction, market makers must collectively sell and keep selling. Not just sell for a few hours or for half a day but day after day...the kind of selling which will produce 3 or more consecutive long red candles on the charts. That has to happen before we can see a correction. The STI is now at 2873. Support is expected at 2700 to 2750. If that selling comes. We wait patiently to see what movie market makers want to screen on Tuesday. |
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notibird
Veteran |
09-Sep-2016 17:37
Yells: "Up Or Down, Just Follow The Monkey And You Can't Lose !!!" |
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Chicken Run is fun. Not to mention, rewarding. It pay$. Sometimes we grab chickens. Other times we wait for the chickens to come to us.  And sometimes kena chased by chickens.
 Chickens are fun. They are friends...not food.
 And above all, they do put eggs and bacon on your table.
  And bring joy to your family.
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notibird
Veteran |
09-Sep-2016 17:24
Yells: "Up Or Down, Just Follow The Monkey And You Can't Lose !!!" |
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If you are interested to sign up, please PM me for details. No obligations Sign up if you are happy. Otherwise, dont. But one thing I would like to say... If not for such super low com, no way I can run with 1 bid. High frequency trading to do HIT-& -RUN after making 1 or 2 bids or more on days when the market is buoyant and in a generous mood.is what my boys and I do every day. We call it .......... Chicken Run. 
Do not look down on 1 or 2 bids chicken runs. My trades from 1st Sep till today... each trade makes only 1 to 4 bids. Those are like quail eggs, chicken eggs and a couple of duck eggs. No ostrich egg or dinosaur egg in my chicken farming. Yet my month to date is already more than 3100 eggs. So really, bro... dont look down on 1 or 2 bids chicken runs.
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sg_investor
Member |
09-Sep-2016 17:06
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so pro!
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notibird
Veteran |
09-Sep-2016 17:02
Yells: "Up Or Down, Just Follow The Monkey And You Can't Lose !!!" |
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Have a look yourself...
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sg_investor
Member |
09-Sep-2016 17:01
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i see. thank you.
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notibird
Veteran |
09-Sep-2016 16:55
Yells: "Up Or Down, Just Follow The Monkey And You Can't Lose !!!" |
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I mentioned it here before. Its not a cash account. Its a CFD account. My com is only 0.09% becoz I am a Premium Account holder. The standard com for ordinary accounts is an unbeatable 0.1%. City Index at 0.08% is not a comparison. City Index does not offer DMA. My CFD house does. DMA is very important. It enables you to participate in pre-opening and pre-closing which oftentimes are where the meat is.
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sg_investor
Member |
09-Sep-2016 14:42
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1 cent already give you $130 profit? what broker is that? Lowest rate I knew of is City Index is 0.08%, which requires a cost of 0.5c.
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notibird
Veteran |
09-Sep-2016 09:57
Yells: "Up Or Down, Just Follow The Monkey And You Can't Lose !!!" |
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Yesterday SHORT at 3.39 and added at 3.41. Today covered at 3.38. Redeemed a Meal Voucher worth 139.11 eggs. 
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MichaelSchenker
Master |
01-Sep-2016 09:00
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Volume quite high early morning. |
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notibird
Veteran |
31-Aug-2016 17:51
Yells: "Up Or Down, Just Follow The Monkey And You Can't Lose !!!" |
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Qanghoo
Supreme |
31-Aug-2016 17:44
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Very Good. King John of North Korea now want to offer u a job.
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notibird
Veteran |
31-Aug-2016 17:00
Yells: "Up Or Down, Just Follow The Monkey And You Can't Lose !!!" |
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SinkWell... My torpedoes found their target and detonated at 4.06. Harvested another 926.98 eggs. Yayyy !!! 
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