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Waah ..DBS now short squeeze the shortists... high 17.62... took profits on all now... HUAT AHHH!
better take profits quickly
Wow, DBS is a real winner as taken profits at 17.51 for half of my trade entered at 17.26.. let the other half run further as Dow futures is up now by +200 points.. SSE is up by 2.93% at 3,170 so fears about China trade figures are no longer there... huat ahh!
If you had took my advice on a trading buy @ 17.26, already in the money at 17.43 just now... tmr when trading opens, it will go beyond 17.50 when Dow show green tonight.. huat ahh!
niteowl68 ( Date: 08-Sep-2015 11:01) Posted:
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http://www.wsj.com/articles/china-cuts-2014-economic-growth-to-7-3-from-7-4-1441593730
By
Updated Sept. 7, 2015 4:45 a.m. ET
Mark Magnier
BEIJING&mdash China revised its 2014 growth rate to 7.3% from 7.4% due to a weaker-than-reported contribution from the service sector, casting doubt on an economic bright spot amid concerns about the health of the world&rsquo s second-largest economy.
.....continued/=
Over the weekend, Zhou Xiaochuan, the head of China&rsquo s central bank, said that the &ldquo correction in the stock market is almost done&rdquo and that China&rsquo s currency is steadying after last month&rsquo s devaluation.
...continued/=
On Sunday, the China Securities Regulatory Commission said China&rsquo s state-owned margin loan provider will continue to stabilize the market when drastic price fluctuations lead to systematic risks.
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In my opinion, 7.3% growth if achievable will be good as China is already moving up the ranks and is now the second largest world economy!
Agreed...plse pm me when there is upside.
Immortal ( Date: 08-Sep-2015 10:20) Posted:
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Tested 17.26 twice with only 2,900 shares done at 17.25.. so support held firmly and now share price is back up.. Bid 17.31 Ask 17.32.. May move back towards n retest 17.50 level again if Dow futures and China Mkts continue to firm up..
niteowl68 ( Date: 08-Sep-2015 10:25) Posted:
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Dbs was shorted down to 17.26, now short term support at 17.25. Yesterday Dow was not trading due to public holiday, European indices rose so nothing external had changed as Dow futures is still +101 points. Short term trading buy @ 17.26 if support does not break..
I think the only time DBS can rally when there is clear indication there will be liquidity pushing up the market else it will hovers and drifts
everyday is a new bottom until capitulation in this coming wave
better stay out then.....read somewhere that a waterfall decline will come soon once Dow finishes consolidating at current level and then the only rescue is another QE4
niteowl68 ( Date: 07-Sep-2015 14:13) Posted:
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You mean bottom at 17.23? Not too sure as past few weeks, new low is always lower than previous low and daily highs is always lower than past highs.. chart still looking down with low RSI n stochs that are still trending down. After death cross appeared abt $20.60, stock had dropped sharply and shorts are very active too pushing it down daily especially when matching at the close and also during opening! Until we see price upturn for a couple of days with buying support and high volume, then we can call a bull..
Immortal ( Date: 07-Sep-2015 12:56) Posted:
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Possible bottom for DBS....
US markets close for labor day monday - the thinly traded futures markets are reversible on short notice... it' s there for wayang oni
All cleared as price came back up to hit my Ask.. huat ahh!..
Now wait for the next jeep!
Took a quick punt this morning as jeep around 17.2x.. as spotted some support at 25 level.. already took half profits as sold half my position at 48 n 1.2 lots at 49.. Dow futures up strongly at +136 points which is one of the reason why Dbs came back strongly.. huat ahh!
niteowl68 ( Date: 07-Sep-2015 10:21) Posted:
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Now consolidate around this level Bid 17.31 Ask 17.32, n if Dow futures now up at 85 points can be sustained for tonight Dow to rebound up 100 points & more, there will be strong support for DBS at this level with a likely tech rebound back to 17.50 level and above.
aggressive buybacks of late.
Strong rebound for HK Stocks / HSI after several weeks of selldown.. Now HSI up 60 points at 20,900. HSI futures up 446+ points at 20,840
16.7less ????
hlfoo2010 ( Date: 02-Sep-2015 09:58) Posted:
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