Latest Forum Topics / SingTel Last:3.07 -- | Post Reply |
Singtel Bullish???
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Shampain
Veteran |
27-Feb-2018 20:46
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What if, some bull monkey chiong up the price such that no matter how much kartek short it cannot make a profit? someone must be richer or more powerful than this kartek. IF someone also know his plan and want to foil his plan, it sounds pretty easy | ||||
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wavehunter
Supreme |
27-Feb-2018 20:46
Yells: "Trade what you see, not what you hope to see." |
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General Lucky, When he buys to cover, he is still a Kartek Monkey. Except that if he is covering all his SHORTs to end the SHORTing game, then that' s the last  we will see of him short-selling in big lots. After covering, if he doesnt want to play anymore, he will unbuckle his seat belt and walk away from the driver' s seat. From this point onwards we will notice how come no more selldowns in big lots. We will notice this not immediately but after some time. At the same time, bargain hunters in the form of 4 groups of people will be picking bottom to buy this stock. These 4 groups of buyers are: 1. Retail shortists. 2. Funds. 3. Institutional investors. 4. Retail investors and traders. Of this group, the one who is the most gungho and most nimble and probably the first to dare to CHEONG in to buy are the retail shortists. Why? Becoz hesitation will be very costly for them. Imagine they are indecisive and slow to move, every cent the stock rises means 1 cent of profit lost back to the market. Hesitate for 3 cts at just 50 lots means giving back $1500 of profits back to the market. Between retail shortists buying and retail investors and traders buying, the former will be alot more decisive and quicker to hit the button. Why? Becoz when a shortist buys, he is covering to lock in profits. He is doing a happy thing - taking money from the market.  That' s why no need to worry or hesitate. Just buy to take the profits before the market takes some of it back. Whereas for a retail investor or trader, when he buys, he wont be as decisive becoz he will naturally worry about whether he is buying too early  whether the stock has bottomed out or still on its way down whether he  will get stuck. Unlike a shortist who buys to cover to take profits, when a retail investor or trader buys, he is risking his hard earned money in the hope that his decision to buy is the right thing to do. A shortist buys to take back his capital and profits from the market. An investor or trader buys to put his capital to work in the market with a risk that he may incur a loss. That' s why buying for a shortist is easy. Not so for the retail investor or trader. Funds and institutions do not have difficulty buying. Becoz the person who hits the button is not risking his own precious money in the market. He is just an employee executing the instructions of his master. To him, hitting the button is just a mechanical function which he can do without any emotion whatsoever even though hitting the button can involve millions of dollars. The other reason why  funds and institutions are not as concerned about buying too early as retail investors and traders is becoz if they buy too early and the  price continues to fall, they can always buy more at lower prices and keep doing it. Retail players cannot do that as their capital is limited. When these 4 groups of people start buying and there is no more Kartek Monkey to disrupt the upward momentum, we will see the stock  doing an intraday higher high higher low price action and repeatedly breaking the Last High to make Newer Highs day after day during the  initial stage  of the  recovery. This is the time when pullbacks will be shallow and shortlived becoz bargain hunters will buy into every pullback. Those of you who have been watching the price action of DBS over the last 3 weeks when she rose from $25.03 to hit $29.60 will know what  I mean by pullbacks are shallow and brief and pounced on by bargain hunters and the price doing an intraday higher high higher low price action. When you see this similar price action in SingTel, you do the same thing - buy into every pullback to scale up your position to maximize your profits. If the same Kartek Monkey...after covering his SHORTs decides to continue to stay in the driver' s seat to start a new game but this time as a Bull Monkey, then we should all welcome him with open arms becoz as much as the trend is your friend, so is the monkey. Simply becoz trends are set by the monkey.    But until that day comes, its back to reality for us meantime and which is... we still have to tolerate and endure this Kartek Monkey until he has covered all his SHORTs and is done with the short-selling game.
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SuperLuckyCorn
Supreme |
27-Feb-2018 18:30
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Ok. General Wave, we will wait & see first. when he start to cover...that is already " Bull Monkey" ?? To maximize gain, we will wait a while first or when General Wave say Chiong  
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wavehunter
Supreme |
27-Feb-2018 17:13
Yells: "Trade what you see, not what you hope to see." |
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Kartek Monkey came out during pre-closing to press down the price to close at 3.37. The whole day we didnt see 3.37 until during pre-closing. This speaks volume of someone who has a big vested interest to see the price go lower. We wait and see whether tomorrow during pre-opening, he again use a big SELL order to depress the price lower to make it look very weak in the hope of achieving 2 objectives: 1. To intimidate funds and institutions to stop buying.... and 2. To scare retail players to worry or panic or give up and throw back. My hope is that he is doing this to cover all his SHORTs to end this round of SHORTing game. After that, whether he leaves the driver' s seat or he change his hat to that of a Bull Monkey and play this stock up from the LONG side,  either way will be good for all of us here. |
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wavehunter
Supreme |
27-Feb-2018 16:42
Yells: "Trade what you see, not what you hope to see." |
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Unfortunately no way we will know for sure becoz if he joins the BUY queue and wait to be filled, we wont see trades in big lots done. And if we see buy-up trades in big lots, we wont know whether it is the Kartek Monkey covering his SHORTs or funds and institutions coming out to buy. But one thing we will know is that when he has covered, the game ends and he wont be SHORTing anymore meaning we wont see any more of those big sell down trades in big lots. And the other thing we will see is the next time when the price recovers to 3.42 : 3.43... without any Kartek Monkey there to block/jagar the price, sellers at 3.43 will be cleared and we will see 3.44 and higher after spending such a long time here downunder. Unless another idiot Kartek Monkey... a new one...comes along to continue the SHORTing game. But I dont think so. Coz any other  would-be monkey would have studied the price action for weeks before he embark on a SHORTing Expedition and he would have seen the previous Kartek Monkey struggling to fight the buying waves generated by funds and institutions. So if another monkey comes along to take the driver' s seat, he will be smart enough to know that the easier way to make money is to be a Bull Monkey and to play this stock from the LONG side. Then Ho Say lah for all of us stuckists.
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SuperLuckyCorn
Supreme |
27-Feb-2018 15:41
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Waiting for kartek monkey to cover, if kartek monkey cover, we will chase kartek monkey & let kartek monkey eat whatever it throw. Er..but how do we know when kartek monkey cover?? |
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wavehunter
Supreme |
27-Feb-2018 15:21
Yells: "Trade what you see, not what you hope to see." |
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Those were sell-down trades. The Kartek Monkey threw down and short-sell to the buyers who were in the queue waiting to buy at 3.39. As those trades were sell-down trades, the system captured and recorded them as trades done at 3.39 but were sell-down trades, not buy-up trades. In every transaction, there are buyers and sellers. But whether that transaction was a  case of buyers grabbing at the seller' s price or sellers throwing to the buyers at the buyer' s price tells us whether those were bullish or bearish transactions. And in this instance, they were bearish transactions becoz the Kartek Monkey did a short sell to the buyers in the BUY queue at 3.39.
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john_ric
Supreme |
27-Feb-2018 15:00
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haiz. viagra also useless. | ||||
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KAMAL0883
Supreme |
27-Feb-2018 14:54
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yes if he shorted so there must be buyers transactions also but how come nvr see any buy ?  no buy how to sell right ?   tks
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wavehunter
Supreme |
27-Feb-2018 14:35
Yells: "Trade what you see, not what you hope to see." |
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These are his SHORTs to help average up his cost. He has SHORTs done lower at 3.33 to 3.35 which needs to be rescued. He havent covered yet. He will cover when the price is at 3.33 to 3.35. That' s why no BUY trades yet.  Price is now at 3.38 : 3.39.  
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KAMAL0883
Supreme |
27-Feb-2018 14:29
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3.39 sold 104.2 + 224.9 + 450.0 + 210.70 ( 80.0 + 25.0 + 50.0 + n55.20 ) = total 1,213.70 lots where are buy transactions ? no buy transactions how to close deal ? 
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SuperLuckyCorn
Supreme |
27-Feb-2018 14:08
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Cool clear sheng siong 0.905~0.925 batch at 0.94. Now have more ammo. Still waiting for ST Eng to clear 3.48. If also clear, then too much ammo liao... Singtel replenish stock standby for General Wave instruction.   |
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SuperLuckyCorn
Supreme |
27-Feb-2018 14:06
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Hmm...when kartek monkeys cover, let' s cover together & make them scare.... Want to see kartek monkeys lose $$....
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wavehunter
Supreme |
27-Feb-2018 14:06
Yells: "Trade what you see, not what you hope to see." |
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The Kartek Monkey Empire strikes back... |
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wavehunter
Supreme |
27-Feb-2018 13:54
Yells: "Trade what you see, not what you hope to see." |
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Earlier was 3.42 : 3.43. Then the Kartek Monkey sold in big lots at 3.42...3.41 and 3.40. Price now at 3.39 : 3.40. He doesnt want the price to rise. He knows 3.43 has become a psychological resistance. So he stands there to block the way and like clockwork will whack the buyers at 3.42 whenever the price climbs to 3.42 : 3.43. Becoz he wants to make it a point to sink into the minds of all retail players that " 3.43 is a strong resistance so dont buy. Sell instead and help me to depress the price lower."   This is my theory... There was one Friday when the Kartek Monkey SHORTed alot alot at 3.33 and 3.34. He had some SHORTs at 3.35 too but it was only one batch. I think he was counting on Dow to fall bigtime that Friday nite so that he can depress the price on the following Monday morning to perhaps break 3.30 to go down lower. But it didnt happen. Dow closed up and our STI had a relief rebound. What  was unexpected on that Monday morning was the appearance of many buyers in big lots. I think these were the smaller local funds and  some institutions buying the dips. The price rebounded to 3.43 and closed at that price, the Day High on that day. I think this buying was  not expected by the Kartek Monkey and he found all his SHORTs done at 3.33 to 3.35 ...all underwater.  Not wanting to be defeated, the Kartek Monkey reported for work at pre-opening on Tue and immediately showed his prowess by depressing the price down to open 2 bids down at 3.41 and after that pushed the price further down to touch 3.37 before closing at 3.38. He had to come in to quell the rebellion before more funds come out to buy to push the price above 3.43 to go towards 3.50. If he do nothing, that could happen and his SHORTs done at 3.33 to 3.35 would be in deep shit. So he did what he did. Continue to sell and made it clear to all concerned that he is still selling. He purposely left his carbon footprints all over the place for us to see. I posted many of his big selldown trades. These trades were meant to intimidate funds and institutions to stop buying.  Although the buying by funds and institutions did slow down initially, the buying sort of resumed after a day or two and that was why we saw the price recovering nicely to the 3.40 to 3.43 region. So the situation in the battlefield has changed. When the price was falling from 3.50 to 3.40, we didnt see all this buying in big lots by funds and institutions.  But now that the price has fallen from 3.40 to 3.32, funds and institutions are starting to come out to buy. In spite of the Kartek Monkey' s intimidation. Hence, recognising this and knowing that it will be difficult for him to hammer the price down if funds and institutions keep buying and resisting him, he may have decided to execute his Plan B. I think for him, Plan B is to find a way to cover his SHORTs done at 3.33 to 3.35 without incurring a loss and then close shop. And the way to do that is to average up his SHORTs. That is why he has been SHORTing very heavily in trades of more than 1000 lots at 3.40 to 3.42. And he is still doing it. I think his plan is to do enough SHORTs at 3.40 to 3.42 so that his average price is at around say 3.37. After that, hammer the price down to as low as he can go... 3.33 to 3.35 depending on how much buying resistance he faces from funds and institutions. Then when the price is there, ie. 3.33 to 3.35... he can looksee and decide on his next move. Option 1 is that if sentiments are still bullish and funds and institutions are still buying, cover all his SHORTs at 3.33 to 3.35 and close shop. He will still win. Option 2 is that if sentiments turn bearish and Dow takes a breather and goes into a pullback, this will make the ground very sweet for him to break 3.30 which is a long term support to trigger panic selling which will help him a great deal to make tons of profits. Like I said, just my theory.  |
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SuperLuckyCorn
Supreme |
27-Feb-2018 13:47
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this time wonder whether to lower the bid price or not. previously set at 3.38.
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wavehunter
Supreme |
27-Feb-2018 13:14
Yells: "Trade what you see, not what you hope to see." |
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I think competition has driven rates to such low levels. I switched to CFD many years ago. During my time, to get 0.25%, my trade has to be above $100k. Otherwise it is 0.4% for trades above 50k but below 100k and 0.5% for trades up to 50k. I believe many traders switched to CFD and brokers have only 2 choices - reduce their rates or Chiak Ka Kee. When I started trading, com was a ridiculous 1% back then. Imagine that - 1% of transaction value. Then when com was slashed by half to 0.5%, all the brokers in town all cow bear cow bull.   
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destinykraze
Elite |
27-Feb-2018 13:03
Yells: "Reality is only a matter of perception" |
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speaking of which, big seller appeared again. big blocks | ||||
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destinykraze
Elite |
27-Feb-2018 13:00
Yells: "Reality is only a matter of perception" |
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I think the rates for big traders are much lower. Small fish like me already get 0.12%  commission rate.
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FATABA
Supreme |
27-Feb-2018 12:53
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First Wave was talking abt Monkey w No rate but share Profit ....this is NO FEE/ brokeage if I am not wrong. Of couse we are aware of diff rates for diff client ...from years ago( traders, bigger client   etc ..BUT not zero brokerage and share profit ...lol share lost ? ) Pro traders and in-house trade teams are totally diff point  
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