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Latest Forum Topics / CapLand Ascendas RE    Last:2.53    +0.02

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wavehunter Supreme	24-Jun-2023 19:39        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	We are trading in Ascendas, a Spore REIT. Why bother about what S & P is doing ? Becoz Ascendas is not a market leader. She is a market follower. She goes where the broader market goes. Hence, if broader market sentiments are bullish, funds, institutions and high net worth retail investors are more inclined to buy. If broader market sentiments are weak, they wont buy. They will wait for sentiments to turn first. Some may sell. That' s why it is important to know what S & P is doing. Is she on an uptrend but due for a pullback or correction ? Or is she on a downtrend but due for a technical rebound ? Or is she neither here nor there and merely moving sideways waiting for something to happen.  Ascendas will follow what the broader market is doing. Not what the broader market in STI is doing but what the broader market in S & P is doing. S & P Index consists of America' s 500 largest companies. If the index is rising, it is becoz most of these 500 US companies are doing well. The reverse is also true. Becoz this index represents the financial performance of not 5 or 50 but 500 of America' s finest companies, it is a good representation of the financial health of corporate America. And by extension, the health and strength of the US economy. If US market is in pullback or correction mode, the big buyers in Ascendas will stop buying and stand aside first. Some will sell. These big buyers will wait for the pullback/correction in S & P to end. When it does, the market will turn. And our STI will follow.  The question people are asking is - how deep a pullback will S & P see in the current round of selling before we see a bottom. Nobody knows.  Historically, a pullback can be 5% to 9%. If 10% or higher, it is referred to not as a pullback but a correction. And if the correction goes as far as 20% below the Last High of the index, then the market is said to have gone into bear market territory. Not saying we are heading towards a bear market. Just sharing these scenarios for educational purposes for newbies.  For myself, I don' t see ourselves heading into a bear market. It is going to be only a pullback or at worst a correction. Guessing where this pullback or correction will end and drawing up our battle plans on when to start buying is our immediate task. Those of you who are not much into technical analysis or dont have much trading experience to fall back on, if you want my views on when  to start buying, then my very simple no-need-for-analysis trading strategy is to buy when the price has fallen by at least 30 cts from the last swing high. For this purpose, the last swing high was 2.93. Hence, the earliest level to start nibbling is 30 cts below 2.93 which is 2.63. My no-need-for-analysis strategy calls for a buy at 30 cts to 40 cts below the last swing high. Which is 2.53 to 2.63. However, do keep some ammo aside in case this pullback turns ugly and become a correction. Then Part II of my no-need-for-analysis strategy says a good time to start nibbling is when she has fallen 40 cts to 50 cts from the last swing high. Which brings us to 2.43 to 2.53.  This is just my personal view for myself to use as a guide. If you plan to use it too, do know that it is your decision whether or not to hit the button for which you bear full responsibility.
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wavehunter Supreme	24-Jun-2023 18:42        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
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wavehunter Supreme	24-Jun-2023 11:28        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
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wavehunter Supreme	24-Jun-2023 11:24        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	Dow fell -219 pts last nite. Wait for a skyscraper volume day to appear. Those days when volume shot up into the sky like a skyscraper were the days when the market found a bottom and U-Turned.
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wavehunter Supreme	24-Jun-2023 11:23        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	Yes. Those levels will be a Good Buy. . vivacious      ( Date: 24-Jun-2023 10:47) Posted: below 260 confirm can buy
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vivacious Supreme	24-Jun-2023 10:47        vivacious About Contact  Quote this Post!
x 0   x 0  Alert Admin	below 260 confirm can buy
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wavehunter Supreme	24-Jun-2023 00:22        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	Ascendas closed at 2.67. Day Low at 2.66. Unless Wall Street is done with the pullback, as of now it sure looks like Ascendas will likely revisit Last Low at 2.61 by next week. Do spend the weekend to draw up your battle plans on how to ambush weak bears who for whatever reason decide to sell to bail out. Be thankful to these bears. If not for them, how can we buy cheap? Their loss is our gain. If you are looking to buy.  Have a great weekend, guys.
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wavehunter Supreme	23-Jun-2023 10:25        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 1  Alert Admin	Ascendas was at 2.77 at the start of the week. She is at 2.67 : 2.68 now at the end of the week. Her previous low was 2.61. She may re-visit there. Or she may not. If bargain hunters frontrun and come out to buy at 2.62/2.63, then she could bounce at those levels. But if bargain hunters stay put and watch first, we could see a new low. Think of an Entry Plan for yourself. The size of our army is different. Our risk appetites are different. Our time horizons are different. Our investment philosophies are different. When to start buying is our 1st question. How many lots to buy per tranche is our 2nd question. How many bids apart to space out our BUYs is our 3rd question. Happy planning.
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wavehunter Supreme	22-Jun-2023 10:43        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 1  Alert Admin	If pullback and you are looking to buy, good for you. If correction and you are able to add more, wonderful for you. When a pullback or correction comes, whether it is poison or meat will depend on whether you are stuck and out of ammo OR whether CASH IS KING and you are a king sitting on your throne.  For me, this pullback or if correction then lagi better still...... is meat. .
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wavehunter Supreme	22-Jun-2023 09:40        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
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wavehunter Supreme	20-Jun-2023 08:24        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	Funds didnt buy yesterday. That' s why Ascendas didnt rise. Funds also not stupid lah. They also know if S & P goes into a pullback or correction, either way, we will see price weakness to buy lower. So the bulls amongst them are holding back their horses. Last nite Wall Street was closed for a public holiday. Today, we are pretty much on our own unless Dow Futures is very red or very green. If neither, then we are left guessing which way S & P wants to go tonite.  Keep an eye on the price action and use Intraday Time & Sales to check if buying or selling in big lots is happening. If funds buy, the price will rise. If funds sell, the price will retreat. If neither, then the buying and selling by short term/weak retail players will determine the short term direction of this boat.
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wavehunter Supreme	17-Jun-2023 15:46        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	Ascendas rose from 2.61 to 2.78 only becoz funds, institutions and wealthy retail investors came out to buy. For Ascendas to keep rising beyond 2.78, these big players must continue to buy. If they stop buying, the price will stall. These big players are not amateurs. They are probably also looking at the chart of S & P 500 and asking themselves .... " Surely, S & P cannot keep rising unabated. Surely, she will have to pull back at some point in time." In which case a better time to buy is when that pullback comes. So the cautious ones amongst the big players will wait. Only those of the big players who think S & P may have more legs to run, will still buy. At this phase of the market, are there more bullish ones or cautious ones, we will be able to see from the price action on Monday.
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wavehunter Supreme	17-Jun-2023 11:09        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	. Last nite, Dow and S & P had a pullback of -108 pts and -16 pts respectively. Those numbers by themselves are not significant. It could be just a pullback before both indexes resume their upmove. But markets never move in a straight line up. At some point in time when the market has run out of bulls, that' s when her rocket fuel is exhausted. And she will have to go into a correction to refuel her engines. When that day comes, the prudent thing to do is to get out of stocks. Coz in a correction, nothing will be spared. Good stocks or bad stocks will all be sold down.
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wavehunter Supreme	16-Jun-2023 13:47        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
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wavehunter Supreme	16-Jun-2023 13:11        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	Huh ?    2.76 : 2.77 ? On the move again ?    She rested enough ?    .
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wavehunter Supreme	16-Jun-2023 11:54        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	2.72 to 2.76 is a staircase landing. She is taking a rest there to consolidate. After that, when she is ready, which can be later today or next Monday, she will resume her climb towards the next staircase landing. Which I believe will reach 2.80.  wavehunter      ( Date: 15-Jun-2023 16:08) Posted: When Ascendas fell from last swing high at 2.93 to recent swing low at 2.61, you will recall the price action was fell by a few bids and then found a staircase landing to pause and rest for a while to consolidate there. Then fell again by another few bids to yet a lower staircase landing to rest there for a while to consolidate. And this process was repeated again and again but each time at a staircase landing which was lower than the previous one.  And before you knew it, she has fallen by 32 cts from 2.93 to 2.61. Now that she has found her handbrake at 2.61 and has U-turned, you will see the same price action but in reverse mode. Meaning she will climb up that same staircase a couple of bids and then pause at a staircase landing to catch her breath (consolidate). When she has rested enough, she will resume climbing that staircase to the next staircase landing to rest to catch her breath. And repeat the process. And before you realise it, she has recovered to 2.80 already. Only then on hindsight we realise that those staircase landings are for us to buy/add. Dont say wa bo jio har.    But please do your own due diligence. Becoz I can only share my past observations and experience. You ultimately remain responsible for your decision if you hit the button. Or dont hit the button and miss the ride up.  So you decide.
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wavehunter Supreme	16-Jun-2023 09:55        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	Hope at least some of you here did board the boat. .
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wavehunter Supreme	16-Jun-2023 09:43        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	Are funds still buying this morn? Yes, they are. .
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wavehunter Supreme	15-Jun-2023 18:01        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	My " in-house notes" to my wife who is still at her office... " Looks like my no-need-analysis-rule-of-thumb method can use - when Ascendas has fallen 30 cts to 40 cts from her last swing high, she becomes a " Can Buy" stock. Last swing high was 2.93. Less 30 cts is 2.63. She bottomed out at 2.61. Less 40 cts from last swing high is 2.53. Not reached this time. Assuming she behaves as expected, I would expect her to recover to 2.80 easily. Then beyond that, from 2.81 to 2.90.....resistance is expected. Especially the 2.86 to 2.90 stretch. Coz last swing high was 2.93."
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wavehunter Supreme	15-Jun-2023 17:59        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	Ascendas closed at 2.73 today. At this price and even until 2.90, funds will not mind having this REIT in their portfolios. You know why? Ascendas pays around 15.5 cts dividend per annum. Even at 2.90, this translates to a Dividend Yield of 5.3448% p.a. For fund managers, any good STI-component REIT which can offer a yield of at least 5% is a decent REIT to hold for long term. So now you know why funds are buying her up in lorry-loads.
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