Latest Forum Topics /
CapLand Ascendas RE
Last:2.53
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Ascendasreit
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wavehunter
Supreme |
15-Jun-2023 17:58
Yells: "Trade what you see, not what you hope to see." |
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And if anyone is wondering whether funds also grabbed at 2.74...... yes, they did. .
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wavehunter
Supreme |
15-Jun-2023 16:27
Yells: "Trade what you see, not what you hope to see." |
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2.73 : 2.74 ler.... she is climbing that staircase.... .
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wavehunter
Supreme |
15-Jun-2023 16:19
Yells: "Trade what you see, not what you hope to see." |
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Funds are still buying.... . ![]()
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wavehunter
Supreme |
15-Jun-2023 16:08
Yells: "Trade what you see, not what you hope to see." |
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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 |
15-Jun-2023 14:54
Yells: "Trade what you see, not what you hope to see." |
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Like I have been saying, this stock has bottomed out at 2.61 and have turned. Funds are coming out to buy ler. . ![]()   |
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wavehunter
Supreme |
15-Jun-2023 13:55
Yells: "Trade what you see, not what you hope to see." |
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My wife is looking to board Superstar Ascendas too. This is what I just said to her... " This was what I just said to my lovely one.... " If buy at 2.72 and get stuck, are you okay with that? If yes, then you can do it. This is the question you keep asking each time the price has U-turned and is recovering. One fine day you will reach a price where you say... " No. If stuck at this price, then I am not okay." That' s when you dont chase anymore. I dont want to buy at the current price. I want to buy lower. But the market wont give a shit what I want. So it is up to me to draw on my experience in this stock to tell me what I should do. When big boys were selling her, we stood aside. When the selling is done, a bottom is found. Which was 2.61. Then comes the U-Turn. It is like the lift has reached the ground floor. The only other way is UP. If cannot board the lift at Ground Level, then board at whatever next best level we can find."   |
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wavehunter
Supreme |
15-Jun-2023 11:57
Yells: "Trade what you see, not what you hope to see." |
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Understand momentum and you will understand how Ascendas moves. This is one stock bought by fund managers, institutions and high net worth retail investors. When only one or a few of them BUY or SELL, it will not be enough to move the stock. But when many of them BUY or SELL, the stock will move. When these big players were selling, Ascendas fell from the last Swing High at 2.93 to the current Swing Low at 2.61. That' s a fall of 32 cts. This type of drop happens only when many of the big players are selling at the same time. When they were selling, imagine tens of thousands of people standing shoulder to shoulder all walking in the same direction along a narrow backlane alley. If you try to walk in the opposite direction, would you have succeeded ? Now that she has found a bottom at 2.61 and has U-Turned and tens of thousands of people standing shoulder to shoulder all do a 180-degree turn and start walking in the opposite direction. Which is the easier thing to do ? Walk in the same direction as these people or try to walk in the opposite direction ? Now that Ascendas has turned, if you are still waiting for her to go back down to 2.61 for you to buy, you will very likely miss the boat. I dunno if she will show us 2.65 to 2.69 again. She may well close strongly today at or above 2.71 and continue to rise from now on. This boat is still moored at the harbour. If you have been following my discussions here and you agree with my read, go get your boarding pass at the best price you can. .
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wavehunter
Supreme |
15-Jun-2023 10:16
Yells: "Trade what you see, not what you hope to see." |
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Funds are buying.... . ![]() ![]()   |
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wavehunter
Supreme |
15-Jun-2023 09:29
Yells: "Trade what you see, not what you hope to see." |
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Powell said almost every member of the Committee feels more rate increases will be necessary some time this year to bring inflation down to their long term rate of 2%. But for now, they will pause. What I think is that market will hold steady at current levels and then firm up over the next 1 month. So for me, I will start to buy Ascendas at the best price I can get and wait for her to firm up over the next 1 month.  I think fund managers who all this while were waiting to buy, will start coming out to buy. As such, for now, 2.61 was the bottom. I think the price will hover at current levels..... 2.65 to 2.70.... and then firm up over the next 1 month. Happy nibbling. .
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wavehunter
Supreme |
13-Jun-2023 14:55
Yells: "Trade what you see, not what you hope to see." |
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Rallying U.S. stocks are pulling in sidelined investors, Deutsche Bank says Saqib Iqbal Ahmed Tue, 13 June 2023 at 3:29 am SGT NEW YORK (Reuters) - A steadily rising U.S. stock market appears to be drawing investors off the sideline, one measure of market positioning showed. Positioning among discretionary investors - a cohort that includes everyone from portfolio managers to retail investors - broke out of its one-year underweight range and went above neutral for the first time since February, data from Deutsche Bank showed Friday. That turned the bank' s measure of total equity positioning by investors to overweight last week for the first time in over 16 months, the bank' s strategists said in a note. " The jump in discretionary positioning this week stemmed largely from a big surge in survey sentiment which went from net bearish to strongly bullish in a week," the strategists wrote. The shift comes after months during which discretionary investors sat on the sidelines while systematic investors - funds that take a repeatable data-driven approach and rely on computers to identify investment opportunities - have been steady buyers, according to Deutsche Bank. Stocks' steady march higher may be drawing the human stock pickers in, market watchers said. The S& P 500 index extended its gain last week to 20% from its October lows - one definition of a bull market. " A lot of it has to do simply with stocks moving up ... buyers attract more buyers," said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder. " It' s sort of that herd mentality." A 20% gain from bear market lows has in the past heralded further upside for stocks. In four of the last six bear markets, the S& P went on to rise 20% or more in the six months after hitting this milestone, a Reuters analysis showed. On Monday, the S& P 500 was up 0.71% at 4,329.26, a 10-month high, up about 21% from its October low. Of course, plenty of risks remain for equity investors. Market participants are awaiting U.S. consumer price data on Tuesday, followed by the conclusion of the Federal Reserve' s monetary policy meeting a day later. (Reporting by Saqib Iqbal Ahmed Editing by Ira Iosebashvili and Nick Zieminski) http://sg.finance.yahoo.com/news/rallying-u-stocks-pulling-sidelined-192914777.html |
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wavehunter
Supreme |
13-Jun-2023 14:53
Yells: "Trade what you see, not what you hope to see." |
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![]() ![]() http://sg.finance.yahoo.com/news/goldman-sachs-lifts-sp-500-price-target-to-4500-as-index-enters-bull-market-134435728.html |
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wavehunter
Supreme |
13-Jun-2023 14:38
Yells: "Trade what you see, not what you hope to see." |
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FOMC Meeting on Tue and Wed. On Thu early morn at 2.30am, Jerome Powell will address the world to inform whether interest rate wu khee kay boh or chiam see hold first. And Wall Street will react to it. Whether Wall Street will rise or fall if Fed says PAUSE or UP 0.25%.... is anybody' s guess. It may well be that whether PAUSE or RAISE RATES, Wall Street will still CHEONG. Or FALL. There may be no co-relation between the announcement and the reaction. If funds are fed up of waiting and they want to put money to work and if enough of then come out to buy, like it or not, agree or not, the market will rise. And we will wake up on Thu morning to a bullish market here all revving their engines and ready to take off. If the above should happen, then I think Ascendas will open higher and go on to firm up. And I wont get the chance to buy her at today' s prices. That' s why I joined the Q at 2.64 to buy some first. A few mins ago, my order was filled. I bought tum poh nia. Becoz I also dunno whether she will do the opposite and retest her Last Low at 2.61. That' s why I didnt show hands and " all-in" . Play this game cannot lidat play one. Must always keep some money to mount a Search & Rescue Mission in case my reading of direction is wrong and I need to buy more to average down to rescue my boys at Foxhole 264. See how lor. Hearing continues.  |
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wavehunter
Supreme |
12-Jun-2023 15:42
Yells: "Trade what you see, not what you hope to see." |
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Today, some people are betting on 2.61 being the bottom. So they cheong in to buy some first. And becoz of this, 2 things happened. The 1st is some of those waiting to buy also joined in the buying. The 2nd thing which happened is as a result of the 1st - if you are someone who is selling, on seeing the price firming up, what will you do? You will wait. Naturally. You will hold back your selling and wait and see how high the price can bounce for you to sell higher. And those who were thinking of selling becoz they are scared....on seeing today' s bounce, they are comforted and will defer their decision to sell. That' s also very natural as well. Wait and see first. See what happens. See whether the price can bounce all the way to 2.70 or not. Or maybe even keep going higher lare? Hard to say one.  The price is now at 2.65  2.66. At this stage, its a case of a tug of war between the bulls and the bears. Just how many sellers are there left who are bent on selling and waiting for the price to stop climbing and then they sell? If still have quite a lot, how many of them are impatient and unwilling to wait and most willing to throw ? If there are enough of them to come out and throw, then the wind direction will change and those who are thinking of  chasing the price will change their minds and go back to sit on the fence. While those who have decided to sell and are waiting for the price to stop climbing will also come out to sell. And then we will see this stock retesting her low at 2.61. The reverse is also true. Which is if those looking to buy all Beh Loon leow and Mai Tan leow and enough of them come out to grab, it can trigger FOMO buying. |
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wavehunter
Supreme |
11-Jun-2023 16:38
Yells: "Trade what you see, not what you hope to see." |
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13 June around 8.30pm Spore time, CPI Data for May will be out. If inflation is still retreating, then odds of a Fed pause will rise. Otherwise, Fed may still raise interest rate by 0.25% to knock the nail into the coffin of inflation. Then on Thu, 15 June at around 2.30am, Powell will make a press announcement on Fed decision whether to pause or to raise interest rate. FOMC is from 13th to 14th June. By the time the meeting ends, it will be around 2.30am on Thu, Spore time. Market has priced in a Fed pause. If Fed decides to raise rates, market will have to do a re-pricing. Hence, next Tue and Wed are significant days when Wall Street may move higher or lower. But do draw a distinction between Wall Street and Ascendas. As long as there are still sellers in big lots in Ascendas and those waiting to buy dont come out to buy, the price will still see weakness. Regardless of what Wall Street is doing, the bottom in Ascendas is reached when the last big seller has sold. Whether this has already happened or is something which is going to happen but hasn' t happened yet is what makes this game so exciting. |
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wavehunter
Supreme |
10-Jun-2023 18:21
Yells: "Trade what you see, not what you hope to see." |
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All good blue chip STI-component stocks which are sought after by fund managers, institutions and high net worth retail investors exhibit the same pattern in every major downmove. When the stock goes into a prolonged fall, it is becoz people are selling. Why are people selling ? Many reasons. - Contra players. - Margin players who cannot meet or dont want to meet margin call. - Weak retail holders who got scared and wish to bail out. - Fund managers who wish to reshuffle their portfolios. When the selling is happening, what is poison for those who wish to sell is meat for those who are waiting to buy. And those looking to buy are all smart people. Why buy when people are still selling? Stand aside and let sellers hammer down the price for you first. Why rush in to buy when there is a bear stampede in progress ? Wait for the selling to be done. Then buy. Sure, no one knows the bottom and there will be hits and misses. But if you stand out of the way and BEO the market everyday and keep an eye also on what the broader market is doing, you will most likely miss buying at the bottom but you will get to buy near the bottom. Once your stock has turned the corner, buying on the way up soon after the turn is also a good way to play this game.  |
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wavehunter
Supreme |
08-Jun-2023 15:46
Yells: "Trade what you see, not what you hope to see." |
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If you really dont mind being filled at 2.56 to 2.58, just you key in a Good Till Cancelled order and leave it there, I believe you will be filled tomorrow or next week. Anyway, my take is within 1 year from now, she will most likely revisit 2.80 again. And that' s a conservative target. If less conservative, then 2.90. Within 1 year from now. So buying at 2.58 means you have a reasonably decent chance to see 2.80 to 2.90 within 1 year and make 22 to 32 cts per share. Plus you will get to collect dividends in Aug this year and again in Feb next year. Buy only with money you do not need for the next 1 year. More likely than not, you will be in the money within 6 mths meaning the price will be at above your entry price of 2.58. The only question is whether you take your profits or continue to hold till you see 2.80 or 2.90 or anywhere in-between. All the best. 
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wavehunter
Supreme |
08-Jun-2023 14:03
Yells: "Trade what you see, not what you hope to see." |
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I wonder if she can find her handbrake at 2.53 to 2.55 region. Chart-wise, her previous Swing Lows were at 2.50 and at 2.45.
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wavehunter
Supreme |
08-Jun-2023 14:01
Yells: "Trade what you see, not what you hope to see." |
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COMING SOON. . ![]()
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vivacious
Supreme |
06-Jun-2023 11:25
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buy below 260 | ||
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wavehunter
Supreme |
06-Jun-2023 10:45
Yells: "Trade what you see, not what you hope to see." |
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Ascendas' daily chart updated as at a few mins ago. . ![]()
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