The stochastic indicator shows 'oversold' conditions.
If I read it correctly, when a counter stay in a 'oversold' area for pro-long period of time, lots of selling is going on. And when selling keeps going on, price can only go down.
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DBS 01 (May 08 - Jul 10)
Re: DBS
by iam802 » Thu Nov 27, 2008 6:16 pm
3 consecutive days of selling. Today weakness continue : Open high, close low.
The stochastic indicator shows 'oversold' conditions.
If I read it correctly, when a counter stay in a 'oversold' area for pro-long period of time, lots of selling is going on. And when selling keeps going on, price can only go down.
The stochastic indicator shows 'oversold' conditions.
If I read it correctly, when a counter stay in a 'oversold' area for pro-long period of time, lots of selling is going on. And when selling keeps going on, price can only go down.
1. Always wait for the setup. NO SETUP; NO TRADE
2. The trend will END but I don't know WHEN.
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2. The trend will END but I don't know WHEN.
TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
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Re: DBS
by kennynah » Fri Nov 28, 2008 9:43 pm
looks like a support at ~$9....however, note the consistent higher volume for the last 3 days... now, there's a difference if on the day of the sharpest drop, the volume clocks a extremely high volume (perhaps multiyear), then that could mean a final sell off and most shorts are out.... but in this case, imo, the selling is not necessarily over yet... but that support ought to hold up prices...but when that breaks, every technician will pounce on this and go further short...
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Re: DBS
by durio » Sat Nov 29, 2008 5:16 pm
true, anything's possible.
bear-bull battlezone between 9 ~ 9.6, the winner takes it all
I've been wondering if selling was some sort of "revenge" against DBS for their handling of mini-bond issue?
bear-bull battlezone between 9 ~ 9.6, the winner takes it all
I've been wondering if selling was some sort of "revenge" against DBS for their handling of mini-bond issue?
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Re: DBS
by iam802 » Mon Dec 22, 2008 11:41 am
DBS has a trading halt today.
Wonder what's the news?
Wonder what's the news?
1. Always wait for the setup. NO SETUP; NO TRADE
2. The trend will END but I don't know WHEN.
TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
2. The trend will END but I don't know WHEN.
TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
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Re: DBS
by winston » Mon Dec 22, 2008 11:43 am
Just curious... did they have any statement to say that they dont have any exposure to any madoff fund ?
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: DBS
by millionairemind » Mon Dec 22, 2008 11:45 am
winston wrote:Just curious... did they have any statement to say that they dont have any exposure to any madoff fund ?
W - that thought came to my mind
I called a broker from DBS Vickers. Word on the street seems to be a rights issue. Lets see when the annc. comes out.
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Re: DBS
by winston » Mon Dec 22, 2008 11:51 am
All the big banks are having Rights Issue... Recently, it was Standard Chartered. Now rumored to be HSBC and DBS...
Do they know something that you dont ?
I think it's still safer to short these guys than to go long ...
Do they know something that you dont ?
I think it's still safer to short these guys than to go long ...
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: DBS
by iam802 » Mon Dec 22, 2008 12:12 pm
MISCELLANEOUS :: PROPOSED RENOUNCEABLE UNDERWRITTEN RIGHTS ISSUE TO RAISE S$4 BILLION
http://info.sgx.com/webcorannc.nsf/ef3b ... enDocument
http://info.sgx.com/webcorannc.nsf/ef3b ... enDocument
1. Always wait for the setup. NO SETUP; NO TRADE
2. The trend will END but I don't know WHEN.
TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
2. The trend will END but I don't know WHEN.
TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
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Re: DBS
by iam802 » Mon Dec 22, 2008 12:15 pm
Excerpts from one of their document (<< 802: I am just scanning documents not reading in detail:
So, this could also suggest that if they don't do this Rights Issue, there is a chance that their capital ratio might drop further, right?
Capital ratios remain above regulatory requirements, with the consolidated Tier 1 ratio at 9.7% as of 30
September 2008 before the Rights Issue and at a pro forma of 11.8% after the Rights Issue.
So, this could also suggest that if they don't do this Rights Issue, there is a chance that their capital ratio might drop further, right?
1. Always wait for the setup. NO SETUP; NO TRADE
2. The trend will END but I don't know WHEN.
TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
2. The trend will END but I don't know WHEN.
TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
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