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17821-17840 of 18136
now at 17.56. should i go into it
SSE down by 4.56% and DOw futures minus 284.. causing more nervousness in the markets..
DBS sold down to 17.64 after touching a day low of 17.60.
DBS fell to 17.64 as SSE down more than 2% and Dow futures down 275 points indicating a weak opening in US Mkts tonight.
Closed at 17.76..on heavy profit taking after news that Fed may raise interest rates in Sep.
Further easing of DBS seen.. Bid 17.90, Ask 17.91, day low 17.86.. may be due to profit taking during last week run up to a day high of 18.42 0n 28 Aug.
DBS closed at 18.01 .. a whisker above 18.00..
Ya.. ease further as mood turned cautious.. Dow futures down 162 points now..
Bid 17.97 Ask 17.98
Think DBS may go down further after this bounce
SSE up 4.90% but HSI gave up all their morning gains to close down 286 points or 1.31%.
Dow futures down 117 points or 0.7%..
Profit taking ongoing as DBS ease to 18.17.. vs day high was 18.45... as investors rather lock in their gains pending future performance.
DBS well supported at 18.31 with Vol of 4.7M.. selling and profit taking well absorbed.
Bets had gone up for a Fed rate hike of 25 bp in October this year as Sep had been ruled out due to the world stock Mkts turmoil. December will too close to the holidays and everyone need money for Xmas and NY. However, as there' s no press meeting arranged for Oct' s Fed meeting, some may think it will more likely happen in Dec.
HSI hit 22,004 intra day... now holding at 21,883 abt 800 points or 3.81%
Huat ahh!
DBS absorbing the profit taking at 18.09... SSE made a remarkable 5.3% rebound back to above 3,083 points and HSI followed with a 21,747 up 667pts or 3.2%.. see if this can be sustained tmr.
Waiting for next opportunity..
niteowl68 ( Date: 27-Aug-2015 09:24) Posted:
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Hope Bros took my advice on the buy call earlier.. Wow..made close to 60c on the gap up.. huat ahh!
S$18.25 seems to be the peak for the day as shortists are bent on pushing it down again...
niteowl68 ( Date: 27-Aug-2015 07:36) Posted:
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Strong recovery! US Mkts rebounded strongly overnight! Djia Plus 619 points up leh.. SP500 recaptured 1940 for it to remain in Bull Mkt uptrend! Nasdaq plus 4.2%too. All Recovered black Monday losses.
Today is DBS gap up day!! Shorting in DBS is detected everyday n outstanding shorts are increasing daily. Today will be short covering day.. Cheong!
Today is DBS gap up day!! Shorting in DBS is detected everyday n outstanding shorts are increasing daily. Today will be short covering day.. Cheong!
Read today chinese newspaper, may give some light ................ hk chief warning .............pg26..........
Dont ready think amoh wallstreet are clean ......maybe holiday better choice .... too much charts reading marry go round ????????????
BUY DBS
Was looking at the TA chart and with today' s gain of 25c, both slow and fat stochs had turned up, RSI is very low below 18%. There are also two down gaps from the selldown from around $19 levels on Fri 21 Aug and Mon 24 Aug which may possibly be covered with a sharp price recovery from current level. With the good news out from China and with a strong rebound in US Mkts tonight, Chinese Mkts should stage a rebound tmr and this stock should stage a comeback..Dyodd.
niteowl68 ( Date: 25-Aug-2015 23:34) Posted:
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China just announced interest rate cut and lowered bank reserve. Effective tomorrow.
Investors around the world are cheering these actions. European Stocks surged 4% higher, while crude bounced more than 3% to climb back near $40 a barrel.
Dow rallied more than 380 points/ 2.42% while Nasdaq is up 134points / 3%.
Bode well for STI opening tmr.
Watching local banks. DBS is still too expensive to go in for me. Someone said on radio (local stockist, cant remember his name) that DBS has the most exposure to China at 30%, OCBC at 20% and UOB at less than 10%. The hype about the FED raising interest rates which will benefit DBS most has been overhyped that caused it to gain substantially between OCT 14 to July 15. Now retracing as foreign investors pull out.
fernvale ( Date: 17-Aug-2015 20:41) Posted:
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