Citigroup (C) 01 (May 08 - Nov 08)

[ishak]

Achievable only with perfect timing, possible only with 20/20 hindsight.

[kennynah]

true lah....it would have been a gamble...really...but since when trading is not a gamble right...hahaha...

gg forward....

1) Oil did a very very quick turtle ...1st time ever
2) VIX hit almost 31 and turned...
3) almost touching psyco SPX 1200 level..
4) technically 10900 was one support... i recall it was a fibo number

so....gg forward...too late to add new shorts.. maybe a tat early to go long... but based on above...i wont add shorts on...not worth it...risk is now on the downside...

dont u think?

[blid2def]

i am not going to start a thread on WM


yesterday ishak brot up WM...and i recall the intraday low was $3...it's now almost $4...

now that 33% profit in ONE day....but of cos, it could as easily have been $2 now...

There is a thread on WM actually... started by you...

viewtopic.php?f=12&t=749&start=0&st=0&sk=t&sd=a

[kennynah]

wahahahaha...f**k...blur....guess who's gonna be doing work soon....hahahaha

[ishak]

Dont think it is too late to short the financials if that is what u meant, i am still holding on to the SKF.

The market will flip up and down during a general downtrend, so possible to make a few bucks here and there.

Ya, u are right, its gambling and this round (WM) i lost since i bet on further slide.

Dow back to 3 digits drop, interesting US market, makes you sleepy watching SGX live.

[kennynah]

what sgx live ?

[HengHeng]

well to me i prefer not to short financials .. at the present moment. Well , it won't help the present scenario to hit a dog in water as it usually backfires.

I would prefer to look into financials and as sentiments for those "hard" liner share "investors" are selling or liquidating the more i would want to put myself on the opposite end.

This is usually the signal of new bussiness cycle bottom. As long as i look into the p&l that they are still sustainable i would be investing even though i've mentioned about only investing next year but certain scenarios are forcing me to look otherwise.

I might be commiting into shares as soon as september or october while looking into certain areas in which i'm constantly adding into my watchlist. Financials and banks are one of the areas i'm looking at. As well as maintance and certain infrasture building/repair related companies in which are the worst affected by the recent mortage and valuation issues.

[ishak]

Trading in the Singapore Stock Exchange, the one that takes ages for one counter to move one tick up or down and movement tends to start only after 4 pm.

[kennynah]

i, too, prefer not to short financials now... but no one can tell for sure lah...it's our own trading and risk management systems..

ok...every one HUAT HUAT !!!!

tongiht....super duper action pack man....

[HengHeng]

ya wish everyone huat huat .. all the da ge ge and da jie jie are good roll models for me to learn from. I've learnt alot from everyone and this forum is constantly keeping me in tune and seeing the views in forum has always balanced my views which might be too extreme at times.

And great work from grandrake ... i really appreciate all his work ... this is one of the best forums i've being to .. no koyoks and no kukus which give limitations to people's style of investments.

Die die can only long nia .. cannot short one... markets can be timed to me but it is just only some people prefer to just get out and sit on their cash while others hiong and try to make from it .. assuming if they are able to time it properly.