The Trading Floor - June 2012

Discussion in 'The Trading Floor' started by 發發發, Jun 1, 2012.


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  1. trendtrader

    trendtrader Well-Known Member

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    Oops! Wrong place. :biggrin5: aa1baa.gif

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    Last edited by a moderator: Feb 25, 2014
  2. koaladreaming

    koaladreaming Well-Known Member

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    BB starting to push it above 0.500 liao :2guns:
     
  3. Amator

    Amator Well-Known Member

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  4. trendtrader

    trendtrader Well-Known Member

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    Stocks end first half of 2012 with a bang


    That's what the headlines of CNN.Money says.

    DOW closed UP 277 pts on Fri.

    A young bull was born?

    Maybe?

    Maybe not. Coz CKs are present in EVERY market.
    Not just in STI.
    And wherever there are CKs, there will be Window Dressing too.
    Hence, DOW closing up a stunning 277 pts may just be a one-off show, nothing more.

    CNN.Money reported...

    "While stocks have clocked broad gains for the year, all three indexes closed out the second
    quarter below first quarter highs. Fears over Europe pushed stocks down nearly 10% in early June."

    So dont chase.
    Watch the follow-up price action on Monday first to see if the Monkeys want to continue
    to play higher or to distribute the banana skins to us after having harvested the bananas.
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    Girl - Banana.jpg
     
    Last edited: Jun 30, 2012
  5. 發發發

    發發發 Well-Known Member

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    Sorli Da Lole, me went off early to run some errand before picking up nemo for dinner. Base on the monkey action my personal feel is, come Monday Siti price action might do a spike up to 10.30+ region before languishing. Thereafter, she may go into consolidation where today's opening price might be revisited. We shall see if this piece of puzzle fits nicely come next week.

    Got to go now, touch each other bottom later......:thumbsup:
     
  6. trendtrader

    trendtrader Well-Known Member

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    DBS - 29 June 2012

    Heading into the weekend, investors are likely to eye
    developments from the EU summit. At the 1st day of the
    summit, Spain is demanding cash up front to recapitalize its
    ailing banks and for Italy, it’s about bond purchases. Italy is
    feeling the pressure given its high debt load of 120% GDP or
    more, a deficit that is close to 5% of GDP and paying a higher
    than 6% interest rate. Reaction to Spanish and Italian
    demands is understandably negative. Summit leaders have the
    weekend to resolve this and depending on what the outcome
    is, financial markets are likely to react. In US, initial jobless
    claims stayed elevated. The latest weekly figure read 386k
    while last week’s reading was revised higher to 392k. Such
    numbers throw uncertainty into next week’s non-farm payroll
    figures.

    Our analyst has cut FY12/13 earnings estimates for Sakari
    Resources by 25-28%, given the high sensitivity of its earnings
    to coal prices, and in line with the downward revision in DBSV
    average coal price assumptions for FY12/13 by about 10-15%
    to US$100/ton. However, we expect coal price to stage a mild
    rebound in 2H12. SAR’s share price has also declined close to
    50% from its peak in 2012 and has priced in much of the
    impact of coal price weaknesses on earnings. Hence, downside
    risk is limited at the current share price, and we expect a shortterm
    rebound in share prices in anticipation of coal prices
    bouncing off current lows. Maintain BUY for potential to play
    this rebound; TP cut to S$1.80 (Prev S$ 2.40). Downside is also
    limited by the healthy dividend yield of 6%.
     
  7. trendtrader

    trendtrader Well-Known Member

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    Waaaa lau....... why you all lidat one? aa-hitwithrock.gif
    Boh Lung Ti. :no:
     
  8. trendtrader

    trendtrader Well-Known Member

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    Amongst my favourites......only Siti and Fondle & Nibble closed at the Day High.
    The rest closed quite a distance below their Day High.
    Monday will be an interesting day.
    The first 30 mins of trading will offer some clues whether the market wants to continue
    to run up from where she closed today...or whether we will see a period of consolidation
    where stale bulls can get out and fresh bulls can hop on for the next ride.

    Hope to see Siti open at between 11.30 to 11.60 and then Lao Hong.
    She closed at 11.20.
    So an opening between 11.30 to 11.60 is "do-able" if the Monkey wants to ram up first
    before he pulls out the plug.
     
  9. trendtrader

    trendtrader Well-Known Member

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    Sai Lole,

    Looks like next week we shall get our chance to WHOOOOOOOOOOOOOOOOOOOOO$$$$$H Siti.....when she hovers at 11.30 to 11.60.

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  10. trendtrader

    trendtrader Well-Known Member

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    5 minutes more to see the Chio Boo standing at the window before the curtain closes on the 2nd Quarter. aa-1.gif

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  11. trendtrader

    trendtrader Well-Known Member

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    Dow Futures +112.

    But if we already ran ahead of Wall Street.......then come Monday, you know I know. aa-2.gif
     
  12. trendtrader

    trendtrader Well-Known Member

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    Especially Siti. aa-4.gif

    If really her recent spike is due to window dressing and nothing more....then if LONG her now....come Monday
    she opens at 20 cts lower and starts to drop........ damn chiak lard one. aa-8-argh1.gif
     
  13. trendtrader

    trendtrader Well-Known Member

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    If today's spike is becoz the monkey has an agenda and today's move is only one small part of that agenda and there is more to come,
    then based on the price action, can LONG on pullback and piggy back the monkey when they push higher next week as a continuation
    of their unfinished agenda.

    But if today's spike is merely to window dress the Fund Manager's portfolio so that it looks rosy and positive and healthy and that is all
    to it....no more and no less.....then what it means is that the prices we are seeing now is NOT a true reflection of the market value of
    the stock. It is a "hived up" value to make the Funds look good. And this need is present only until today. Come next Monday, this need
    to look good will completely disappear. Then what? Then when prices correct themselves to reflect what the broader market is willing to
    pay for the stock, we will see a major move to the downside....unless meantime, fundamentals have caught up to justify the current price
    of the stock.
     
  14. trendtrader

    trendtrader Well-Known Member

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    Lao Hong leow......18.70.
     
  15. koaladreaming

    koaladreaming Well-Known Member

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    :iagree:
     
  16. 發發發

    發發發 Well-Known Member

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    I am just feeling HORNY! niah.....:lol:
     
  17. koaladreaming

    koaladreaming Well-Known Member

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    Yalor. How come Bro 發發發 no gay huh :jester:
     
  18. wizely

    wizely Well-Known Member

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    It may also be the closing px for today.. I think urope still too positive. It should come down a bit first. Dow hit my channel resistance and came down. I shorted FTSE at that level.
     
  19. trendtrader

    trendtrader Well-Known Member

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    Botak...

    There are 283 sellers at 18.80.
    But the Monkey sure looks like he is going to devour all of them.

    CK1.gif
     
  20. trendtrader

    trendtrader Well-Known Member

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    Made 38 bids leow some more no gay?

    If I make half of that I will be feeling gay and all smiles. aa-13-nana.gif
     
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