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The Trading Floor
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weekaykee
Master |
02-Dec-2020 09:45
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I have no idea why people are still buying all these glove and PPE counters. Almost all of them are on a one way long downtrend. In 18 mths time, all their orders will go back to pre-Covid levels.
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halleluyah
Supreme |
02-Dec-2020 09:44
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x 0 Alert Admin |
dow cant stay afloat 30k so will hv to go down....overvalued...
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wavehunter
Supreme |
02-Dec-2020 09:41
Yells: "Trade what you see, not what you hope to see." |
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x 0 Alert Admin |
Market is bearish. The underlying current speaks of weak sentiments. People mostly standing near the door. Some headed out already. Futures at -170 now. I think later we will see -200plus. Then -300plus. |
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wavehunter
Supreme |
02-Dec-2020 09:25
Yells: "Trade what you see, not what you hope to see." |
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x 0
x 0 Alert Admin |
But you dont need to know how to swim to make this trade. You dont have to go into the river at all. You hide behind the bushes. Know how to swim....no need. But have a strong stomach...that one you need. When you watch grannies bathing by the river.  ![]() You bring plastic bag lah. And take the next bush. So I wont smell it.    ![]()
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TikTalk
Supreme |
02-Dec-2020 09:20
Yells: "Anyone miss me?" |
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x 0
x 0 Alert Admin |
For chicken run doesnt matter le, still can trade a bounce near 1.30 for a sale near 1.36, only if break 1.27 then troublesome. Just that I am not a good swimmer so wont go near the river.
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wavehunter
Supreme |
02-Dec-2020 09:15
Yells: "Trade what you see, not what you hope to see." |
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x 0 Alert Admin |
Bro Po, You no picture no sound for many days leow. What' s your updated guidance for Miss Ugly? 0.665 : 0.67 now. 0.65 still can tikam and JEEP or not ? Thanks. |
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wavehunter
Supreme |
02-Dec-2020 09:12
Yells: "Trade what you see, not what you hope to see." |
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x 0
x 0 Alert Admin |
I dunno why for so long I did not pull out Riverstone' s chart but last nite I did and I was surprised at what I saw. Had I not pulled out her chart, this morn I would be happily keying in orders during pre-opening to queue at 1.30...1.29...1.28 and my 1.30s and 1.29s would have been filled. Let' s see what happens from here. Now 1.30 : 1.31. |
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halleluyah
Supreme |
02-Dec-2020 08:53
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tats why i give all covid counters 1 more q to go then will see much shit dropping to come...moderna vaccine will be out tis mth n so do others vaccine to come to mkt soon...
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wavehunter
Supreme |
02-Dec-2020 08:45
Yells: "Trade what you see, not what you hope to see." |
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x 0
x 0 Alert Admin |
Yes, Bro TikTalk, It is disturbing for COVID stock LONGists.  For them to recover to revisit their peaks, monkeys must come back to restart another round of speculative fever OR Tua Phows must fall in love with them and want to park their hot money with them. These are the only two events which will work. If left to retail players to buy and sell, it wont work. It will be like what we have been seeing in the last 4 months. If a monkey comes back to do some pushing, it will produce a small bounce for those who buy near the low to get out with profits. But those stuck higher wont see the light of day. Unless the monkey dont just want to push for a small bounce but to push and push and push for another round of speculative fever. If it happens, those stuck higher wont be adding more. They will be simply waiting for the price to reach them and they will quickly grab the lifeline to throw back. And the monkey knows that.  So it will have to take a very strong monkey with massive firepower to want to push through all that resistance from stuckists to go higher than the last peak.  We dunno if a monkey will come back or if Tua Phows will buy. So if we buy to trade, that' s one thing. But if we buy to do BUY & HOLD, that' s betting on either one or both of those market-moving event to occur. Then if neither occurs then how? So the better way to do it is wait and see whether it occurs first and if so, then do the BUY & HOLD to ride on them. Anyway, many bros and siss here are vested. All the best to you all and if things dont work out as planned, do seriously think of  having a stop loss to stop the bleeding.  |
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TikTalk
Supreme |
02-Dec-2020 08:32
Yells: "Anyone miss me?" |
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Bro wave, this is why I ask on 17th Nov if anyone think those covid stocks has peak. So far they are holding up near recent lows, if can be supported and rebound then its fine, if break new lows then very disturbing war. On the same day I wrote on Top Glove as an example of concerned. But I can understand prices are low and there is also the possibilty of problems with transportation of vaccines or demand for medical supplies is still good. If it doenst work out for longs one need to have a stop lost plan.
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wavehunter
Supreme |
02-Dec-2020 08:24
Yells: "Trade what you see, not what you hope to see." |
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x 0
x 0 Alert Admin |
Dow closed up +185 pts. Intraday High last nite was +445. Futures at -127 now. We see how our market here reacts. |
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wavehunter
Supreme |
01-Dec-2020 23:53
Yells: "Trade what you see, not what you hope to see." |
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x 0
x 0 Alert Admin |
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Luzern
Supreme |
01-Dec-2020 23:45
Yells: "9" |
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x 0 Alert Admin |
If it stops here, then no issue. But if this is followed my some additional tangible rules or hints to banks to tighten lending for property purchases, then need to worry and tweet trading plans.
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Luzern
Supreme |
01-Dec-2020 23:40
Yells: "9" |
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x 0
x 0 Alert Admin |
Chinese EVs getting hammered again.
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wavehunter
Supreme |
01-Dec-2020 22:52
Yells: "Trade what you see, not what you hope to see." |
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x 0
x 0 Alert Admin |
![]() This is the 1st time I am looking at her chart. Before that, I was observing her price action for a week or so to understand her bawu first. It did give me the confidence to trade her which I did and in both directions some more. So far, those grannies have been kind to me. Bananas they said thank you. Cucumber they also said thank you. And each time with a notti look on their faces.      ![]() . ![]() . But seriously, if I had pulled out her chart and saw this, I could well have formed a very different opinion about LONGing her. Becoz when I first saw the chart, I went... GOSH... everything from a TA point of view looks so bearish. 1. Her 20-ema is falling and still falling. I mean...it is still pointing down... not even levelling off yet but still dipping. 2. Same for the 50-ema. 3. The 200-ema is level now but if you look to the left of the chart, the 200-ema was rising at first to play catch-up with the 50-ema and 20-ema but becoz the other two has U-Turned after peaking out and are falling, this has caused the 200-ema to lose her upward momentum. That' s why it has stopped rising and is levelling off. And that' s only half the story. If the 20-ema and 50-ema continues to fall, the 200-ema will also have to follow and stop levelling off and start to dip as well. 4. The price is below the 200-ema which in turn is below the 20-ema and 50-ema. This is the classic feature of a downtrend stock and a rule of thumb is do not LONG a downtrend stock plus every bounce is a window to SHORT when the bounce fizzles out. This is the classic textbook illustration of how we should trade a downtrend stock. Which is why I said had I seen this chart, I might not have done those LONG trades and my bias would had been to trade from the SHORT side. 5. But I did trade from the LONG side and without being influenced by her chart becoz I didnt see her chart but influenced by her price action, my bias was in fact a LONG trade is easier to play than a SHORT trade. Hmmm... is this reinforcing what I already know ? And which is price action comes first and takes precedence over the chart. When there is a conflict between price action and chart, price action prevails and we should follow it.  But looking at her chart, I cant help but worry for the bros and siss here who are LONG and intend to do a BUY & HOLD until she goes back up to recapture her last highs one after another. The nearest peak is at $2.00.  But she is at $1.31 now. $2.00 is so far away and given the current sentiments, she can mare?      ![]() You guys take care and wishing you all... all the best.  |
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Westlake
Elite |
01-Dec-2020 21:52
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x 0
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Bro Wave, Yes, ezBuy bikes are cheaper than the other portals....and most of those with disc brakes and 21 speed are around $112 to $120 some with free shipping.    I don' t need a foldable bike as I have a bike carrier, so can go for the 24" or 26" bikes.    My usage is mostly from home to grocery stores, so I do not need to drive and look for parking.  Also can cycle along the many PCN network around 2km from my home.    Good recommendation, bro Wave.    Thanks.
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wavehunter
Supreme |
01-Dec-2020 21:45
Yells: "Trade what you see, not what you hope to see." |
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x 0
x 0 Alert Admin |
![]() http://www.channelnewsasia.com/news/business/malaysia-to-charge-top-glove-over-poor-worker-accommodation--government-says-13676810#cxrecs_s |
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wavehunter
Supreme |
01-Dec-2020 21:38
Yells: "Trade what you see, not what you hope to see." |
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x 0
x 0 Alert Admin |
Any impact on Mamasan ? We just need to stay vigilant. . ![]() http://www.channelnewsasia.com/news/singapore/households-mas-stay-prudent-debt-property-covid-19-13674476 |
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tongphlp
Supreme |
01-Dec-2020 17:16
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x 0
x 0 Alert Admin |
Absolutely!
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wavehunter
Supreme |
01-Dec-2020 16:55
Yells: "Trade what you see, not what you hope to see." |
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x 0
x 0 Alert Admin |
Futures at +304. But for today, no bullish effect on our market. Over here people are either standing near the door or headed out the door. |
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