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CapLand Ascendas RE
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Ascendasreit
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wavehunter
Supreme |
17-Nov-2023 11:36
Yells: "Trade what you see, not what you hope to see." |
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President Xi is in the US for a state visit. Both President Xi and President Biden met for 4 hours yesterday to discuss a host of issues. President Biden : No more fights. We be friends, okay? President Xi : Xi first. .
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wavehunter
Supreme |
16-Nov-2023 14:38
Yells: "Trade what you see, not what you hope to see." |
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Her Previous Swing High was at $2.85. Then down she came slowly at first and then faster at midway just like a snowball gathering strength and more speed as it rolls down a mountain slope. And she finally found the bottom at 2.47. From there, she had a small bounce, and then came down to retest that bottom at 2.47. And then declared to her fans that she has U-Turned. From 2.47, she has risen back to a High of 2.79 so far. That' s a run of 32 cts. By any standard, considered Sibeh Ho leow. The question on everyone' s mind is - will she revisit her old flame at 2.85 ? Or will she bo lard leow and lau hong before reaching 2.85 ? Or is she going to make all of us eyes big big and mouth big big and dropjaw by breaking above 2.85 to show us the 2.90-series ? This one, I have no answer for you. Becoz the last chapter of her story book says her Previous Swing High was 2.85. That' s all. Her future has not been written yet. It will be written some time in the future when her near future has come and gone and has become the past. |
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wavehunter
Supreme |
16-Nov-2023 11:28
Yells: "Trade what you see, not what you hope to see." |
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Real gold no scared of fire one.![]() This counter is chased by funds, institutional investors and high net worth retail investors. And where these big boys go, so will a large following of smaller retail investors and traders.... people like us.  Enjoy the ride up the east coast of India. ![]()
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PiRPiR
Master |
16-Nov-2023 11:15
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278/279 now | ||
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wavehunter
Supreme |
16-Nov-2023 08:47
Yells: "Trade what you see, not what you hope to see." |
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wavehunter
Supreme |
15-Nov-2023 16:57
Yells: "Trade what you see, not what you hope to see." |
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Dow Futures at +110. | ||
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wavehunter
Supreme |
15-Nov-2023 15:46
Yells: "Trade what you see, not what you hope to see." |
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If your plan is to sell in tranches, chart your course and stay with it. But if the rally loses steam and appears to you to have come to an end before reaching your SELL orders, be prepared to trade what you see, not what you hope to see, and lower your expectations.  But if you have sold everything intending to do IN and OUT but you sold too early, you have 2 options. One is to let it go and be a spectator for the rest of this upmove OR prepare yourself mentally and psychologically to jump back in when a pullback ends regardless of whether you are buying back at a higher price. As long as the upward momentum is still strong and this rally still has legs to run, that is a good enough reason for you to jump back in. You are jumping back in becoz there is still upside. Being back in the game will enable you to profit from that upside. But if you are so weighed down by your pre-occupation that you must buyback only at below the price you sold, then you are likely to miss the upside and remain on the platform when this train leaves the station. To buyback at a higher price is mentally a difficult thing to do. To overcome it, tell yourself you did not trade Ascendas at all and this is the first time you are looking at her. And just by looking at her price action and studying her chart, if your gutfeel says there is more upside, that alone is a good enough reason for you to buy. Your previous trade is money under the bridge. Your next trade is a new trade. And whether to make that trade rest on your assessment whether there is more upside, not on what price you sold in your previous trade.  So if you managed to sell at say 2.78 to 2.79 and now you are looking to buyback, good for you if she goes back down to 2.73/2.74.  But what if she dont? What if 2.75/2.76 is the best you can get for re-entry ? Then its decision time for you. Much depends on what Dow does tonite. If pullback, then Ho Say leow for you. If cheong again, then tomorrow she will open strongly and show us the 2.80-series. Dow Futures at +48 now. |
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wavehunter
Supreme |
15-Nov-2023 12:55
Yells: "Trade what you see, not what you hope to see." |
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Those of you who have been reading this thread for weeks now and were here when Ascendas fell down the west coast of India and then turned the corner near Sri Lanka and then turned north and sailed upwards etc etc etc.... and if you are wondering how I am able to read her and tell you her story before it happened, the answer is very simple. Ascendas has a story book. Just read her story book and you will know how the story ends. Becoz I have read her book many times, that is why I am able to tell her story. That' s all to it. Its as simple as that. So when you pick a stock, go find out if there is a story book written about your stock. Not all stocks have a story book. Usually the good ones have. Find it. And read it. And you can be the storyteller too.  |
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wavehunter
Supreme |
15-Nov-2023 11:45
Yells: "Trade what you see, not what you hope to see." |
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Ascendas closed at 2.69 yesterday. Today, she suddenly woke up and exploded by 10 bids to Day High at 2.79. Now, that' s an eruption. Which is Sibeh good.  ![]() .
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wavehunter
Supreme |
15-Nov-2023 09:51
Yells: "Trade what you see, not what you hope to see." |
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2.66 to 2.75 was an interchange station where the train stopped there for 6 trading days for those who want OUT to disembark and those who want IN to board. Today, the train has left the interchange station by breaking above the resistance at 2.75 to continue its journey northwards. We may or may not see this train revisit 2.73 to 2.75. Hope not. Now 2.78 : 2.79. 
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wavehunter
Supreme |
15-Nov-2023 09:37
Yells: "Trade what you see, not what you hope to see." |
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Early Early when she havent run yet, I sold koyok here to jio you all to buy. Some did. Many didnt, I suppose. Now that both have turned the corner and run quite a lot already, if those who missed the boat are asking .... " Now still can JEEP or not?" , my answer will be..... - yes, I think can, coz still have more upside. - but risk premiums have gone up. - based on chart still have upside and I think this rally still have room to run but upside can also fizzle out unannounced without warning. - as a rule of thumb, if want to participate in a rally which is confirmed but you are late, wait for a pullback to come and go. Watch the pullback to see if people pounce on it to buy. If people pounce on it to sell, dont buy. It may mean the rally has run out of fuel. Remember this for the next time round when it comes - every selldown is a BUYING OPPORTUNITY. For Ascendas, that is.   
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wavehunter
Supreme |
15-Nov-2023 09:05
Yells: "Trade what you see, not what you hope to see." |
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2.76 : 2.77....![]()
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wavehunter
Supreme |
15-Nov-2023 08:20
Yells: "Trade what you see, not what you hope to see." |
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wavehunter
Supreme |
15-Nov-2023 08:12
Yells: "Trade what you see, not what you hope to see." |
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MikeKoh1399
Member |
14-Nov-2023 23:59
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Happy trading :) Take care! https://youtu.be/o5M8VyELf_c |
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wavehunter
Supreme |
14-Nov-2023 22:23
Yells: "Trade what you see, not what you hope to see." |
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Dow Futures at +364. This means Dow is going to open at 10.30pm with a blast off. The rocket is standing by to launch. .
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wavehunter
Supreme |
14-Nov-2023 09:23
Yells: "Trade what you see, not what you hope to see." |
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![]() Nov 13 (Reuters) - The S& P 500 closed Monday' s session slightly lower as investors held their breath before a crucial inflation reading that could provide clues as to how long the U.S. Federal Reserve will keep interest rates elevated. After the indexes enjoyed a solid rally on Friday, the market turned its focus on Monday to Consumer Price Index (CPI) data, due out Tuesday morning. Economists expect a headline increase of 3.3% for October, easing from 3.7% in September. But core prices are expected to be unchanged from the previous month. The CPI reading, along with labor market, " are clearly in the driver' s seat for what matters to financial markets, because it dictates where Fed policy goes from here," said Matt Stucky, chief portfolio manager for equities at Northwestern Mutual Wealth Management Company in Milwaukee, Wisconsin. " The market has the expectation the Fed is done with interest rate hikes and for that to be true, you need to have continued progress on the inflation front," along with labor market cooling, he said. Traders have priced in a nearly 86% chance the Fed holds interest rates steady in December, according to the CME Group' s FedWatch tool. While the CPI reading was the key issue keeping investors " in a holding pattern" on Monday, Michael O& rsquo Rourke, chief market strategist at JonesTrading in Stamford, Connecticut said they were also digesting a weaker U.S. credit outlook issued. Moody' s late on Friday lowered its outlook on the U.S. credit rating to " negative" from " stable" , citing large fiscal deficits and a decline in debt affordability. This added to investor reluctance to make big decisions ahead of a weekend deadline that could potentially result in a U.S. government shutdown, O' Rourke said. U.S. House of Representatives Speaker Mike Johnson unveiled a Republican stopgap spending measure on Saturday aimed at averting a shutdown, but the measure quickly met opposition from lawmakers from both parties in Congress. However on Monday afternoon, top U.S. Senate Democrat Chuck Schumer expressed tentative support for Johnson' s short-term funding bill that would keep the government open past the weekend. The Dow Jones Industrial Average rose 54.77 points, or 0.16%, to 34,337.87, the S& P 500 lost 3.69 points, or 0.08%, to 4,411.55 and the Nasdaq Composite dropped 30.37 points, or 0.22%, to 13,767.74. The major U.S. stock indexes had rebounded so far this month, fueled by a stronger-than-expected earnings season and hopes that U.S. interest rates are near their peak. Among the S& P 500' s 11 major sectors energy was the biggest gainer, ending up 0.7% while utilities was the biggest loser, falling 1.2%. Helping keep the Dow afloat, Boeing rallied 4% on Monday after Bloomberg News reported that China is considering resuming purchases of 737 Max aircraft. And, Dubai' s Emirates placed an order for 90 more Boeing 777X jets at the opening of the Dubai Airshow on Monday. The S& P healthcare index was the benchmark' s second biggest percentage gainer, adding 0.6%. It' s biggest percentage gainer was dialysis company Davita Inc, which rose 6.5%. Other medtech companies rallying included Insulet, which added 5.6% and Dexcom, up 4.6%, along with Abbott' s 1.9% gain as analysts reacted to data about the cardiovascular benefits for Novo Nordisk' s weight-loss drug Wegovy. While Tesla shares, finishing up more than 4%, added some support to the consumer discretionary index declines in heavyweight stocks such as Apple and Microsoft helped weigh down the S& P 500 technology index. Advancing issues outnumbered declining ones on the NYSE by a 1.08-to-1 ratio on Nasdaq, a 1.03-to-1 ratio favored decliners. The S& P 500 posted 24 new 52-week highs and 7 new lows the Nasdaq Composite recorded 52 new highs and 227 new lows. On U.S. exchanges 9.34 billion shares changed hands compared with the 10.97 billion after for the last 20 sessions |
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wavehunter
Supreme |
14-Nov-2023 09:14
Yells: "Trade what you see, not what you hope to see." |
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Dow closed up only +54.77. S & P closed down -3.69. No, I did not get my roaring confirmation. Not yet. Tonite at 8.30pm Spore time, US CPI data will be out. If inflation is creeping down, markets will cheer. It means most likely Fed wont raise rate at Dec FOMC Meeting. If inflation creeps up, then Peng-San. Oil price did retreat in October. That should help moderate prices.  And result in a better looking CPI data. We wait.  |
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wavehunter
Supreme |
11-Nov-2023 11:07
Yells: "Trade what you see, not what you hope to see." |
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![]() Dow  rebounded +391 pts last nite. S & P rose +67 pts and broke above the 4400 resistance to close at 4415.24. . ![]() This is what I have been waiting for - short term players who wish to sell to do so and leave the train. When they leave, they make room for those who wish to get on to do so. Yesterday' s dip to 2.66 was an opportunity for those who took profits to jump back into the train. Hope they did. We are closed on Monday. On Monday nite, if Wall Street cheong again, that will be the confirmation I am looking for that the 2nd leg of this rally has started. 1st leg was from the bottom at 2.47 to 2.75. On hindsight, now we know that 2.66 to 2.75 is a train interchange station. If all goes well, this train will leave the station next week to show us a New High above 2.75.  2.80 is within reach. Beyond that, 2.81 to 2.85 is the level to watch as 2.85 was the Previous Swing High. I say this only from past experience of trading this REIT and also from past observations of the market. The move from 2.47 to 2.75 was a move of 28 cts. The pullback from 2.75 to 2.66 was 9 cts. This pullback lasted 5 trading days including the day she reached 2.75 for the 1st time. Does this mean counting from 2.66, this train is ready to move by another 20 to 25 cts ? That will be 2.86 to 2.91.  I am not saying she will go there. But neither am I ruling it out. Where she will eventually go and reach a train depot, only the market knows. As for us commuters, we trade what we see. Not what we want to see.  |
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wavehunter
Supreme |
10-Nov-2023 11:46
Yells: "Trade what you see, not what you hope to see." |
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I dunno what you see. But what I am seeing is those who are holding are on the whole rather resilient. They are not panicking. They are largely quite zhai type. The medium term people who trade the Swing Highs and Swing Lows...they know this boat very well. And have faith in her. Besides, even if teok stuck, she pays 15 cts dividends per year. So the Swing High-Low players are still on board. Those who still have bullets are likely adding more. The long term players who can hold for a few years or forever, they are not even looking at the price action and so are totally unaffected by the short term up and down movements of the stock price. It is the shortest of short term players who are scalping for a few bids are jumping in and out and it is they, their collective action, which gives the price room for pullbacks. But what is poison for short term players is meat for stronger players who can hold longer if need be. They are seizing the opportunity to buy on pullback. Next Monday is a public holiday for us. Next Tue is US CPI Data for October. Data is usually released at 8.30am New York time on Tue  which is 8.30pm in Spore on Tuesday nite. One fund manager said oil price retreated in October. This will somehow pull down the average price of goods and services which will translate into a lower CPI. Markets will interprete that as less likelihood for Fed to raise rates in the Dec FOMC Meeting. And markets will rally as a result.  We see have or not. Meantime, go smell the flowers. If too lazy to go out, then smell your armpit. Boh Hee Hay Ya Ho lah.  |
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