SGX is HOT! (Discuss hot stocks here!)

[marle]

With the current economy, several stocks are a fraction of its price compared to months back. Are you guys monitoring any particular stocks currently? Share abit of your secret formula here too!


Heard this word of wisdom from Mr Buffett, if i remember correctly, it is (in singlish)..

"When people are buying, don't buy. When people aren't buying, buy!"

[stonespot]

The overall stocks are turning down. Banks close, factories close, company down. But funny where are the billions of actual bill notes go to? Someone's pockets?

[Savant]

Market still looking for a bottom

[AquaObsession]

Some says we are only 20% in our fall

[blue33]

Buy blue chips! Is so cheap now! Choose those that are financially sound company. You wont get this kind of prices at all, provided you have the holding POWER! Bottom prices is around STI 1800-2000pts where the rebounch is.

[mobile2007]

Yeah, So HOT and shock that it will burn a big hole in your pocket!

AT this time, cautious is the WORD. Hold on to the cash.

[Sunfire]

With the current economy, several stocks are a fraction of its price compared to months back. Are you guys monitoring any particular stocks currently? Share abit of your secret formula here too!


Heard this word of wisdom from Mr Buffett, if i remember correctly, it is (in singlish)..

"When people are buying, don't buy. When people aren't buying, buy!"

Another word of wisdom from Mr. Buffett; The 2 Rules:

1) Never Lose Money.
2) Never Forget Rule 1).

You're asking people to share their secret formular of buying stocks? Then, it won't be a secret anymore, right?

[stonespot]

The last two days rebound was a decoy for yesterday super drop! Showing a "M" down trend.

[AquaObsession]

Thought all Asian indices closed down in negative ground for past 2 days. maybe willbe positive today, after the 5% rally at close of day in the US on Thursday (US)

[blue33]

The rebound was at last hour rebound before the stocks closed. Public is still in confuse at this moment.

[beetlejuice403]

The rebounds are simply 'plays' by BB's whom have deep pockets to entice retail investors into believing that the market is in for a rebound northwards... Very common tactics used by BBs in this unlevel playing field... Then when retail buyers enters, they will offload their chunks to earn that small spread (but theirs are in big volumes, hence negligible transaction costs...), then market go into further turmoil as exhibited few days back...

Frankly, I believe that not all investors have resumed their confidence at this point in time even most economies' Central Banks are starting to make a stand to standby deposits, injecting funds into the financial markets (we are talking about billions here...)... Many are taking a "wait & see" approach now... SO am I - Wait & See & yet can't do anything!!!

[AquaObsession]

Professionals are playing volatility and timing these days, while the mass just direction.

[Orion]

With the current economy, several stocks are a fraction of its price compared to months back. Are you guys monitoring any particular stocks currently? Share abit of your secret formula here too!


"When people are buying, don't buy. When people aren't buying, buy!"

When people panic, be greedy and when people are greedy be paraniod.

[Orion]

Some says we are only 20% in our fall

goes to 1200pts?

Shouldn't the governments of the world do something now like to create more artificially created jobs to overcome this.

I hope there'll be no war coming.

[Orion]

Yeah

AT this time, cautious is the WORD. Hold on to the cash.

You are right! People haven't even got retrenched yet so it's only the beginning. You can still see people taking it easy. The real bottom is when no one is even talking about it because they are all dead. (literally all money kaputt)

Money once out of your hand now you can say bye bye.

[eddy planer]

So if you buy stock to keep....or even thinking of investing your money....you will surely go bust with SGX.....Just ask those you know who have been buying stocks in the last few years......almost all have stayed away after losing heavilly....

[timebomb]

I've lived through the Asian financial crisis when the Straits Times index was at its lowest ever, somewhere around 900 points. At that time, I was, like many people, heavily invested in stocks and shares. I had slightly more than a hundred thousand dollars invested and was staring at paper losses of more than 70%. Just to give you an idea what it was like for me then...

I bought F & N at $11.00 a share. At its lowest point, the same share was worth only $2.95. I also bought Sembawang Corp at $8.55 a share. It went down to about $1.50 during the height of the crisis.

So, did I lose heavily?

Well, the funny thing is, I actually made money in the end. I didn't make a lot but out of my investment of slightly over a hundred thousand dollars, I made about $40,000 in profits.

I won't claim to be an expert. Honestly, there are many things about trading in stocks and shares I don't understand. I don't know what are things like warrants, options etc. I also don't quite know how things actually work behind the scenes. People say the market is controlled by the "big boys" and I have no idea if that is true.

But unlike many people who were too frozen in fear to do anything, I used up the last of my money to keep buying stocks and shares when the market was at its worst ever. When the market was at 900 points and everyone was telling me that buying more stocks and shares is like committing suicide, I went ahead and bought more shares.

Now, we are looking at another financial crisis that threatens to be even worse than the last one. But if you ask me, the greater the crisis, the better the opportunity to make some money.

I don't know about you but I've already started buying.

Loh K L

[Orion]

I too see some good buys and if I have quite a bit to cough out now say $200k I will go in. But I believe many don't have that kind of spare money and so it's like a shot only and they want the best shot.

After doing all the necessary decision making, the final verdict is yours and only and frankly speaking you need to be a bit of 'stubborness and fight' in you to hold them and discipline and no many people have them. People are swayed by market setiments and 'expert opinion' I would say.

Heyby the way how to do those money after seliing them for a nice profit in few years time? Fixed deposit? There also a land mine waiting haha - Structured deposits A**** very safe? Always a trick or two waiting somewhere.

[timebomb]

Well, I would definitely say it's true the stock market isn't for everyone. In fact, I know many people who lost great sums of money. My own nephew was almost made a bankrupt when he lost more than $400,000 during the Asian financial crisis. At least 3 of my close friends lost sums ranging from a hundred thousand to more than two hundred thousand dollars.

You better ask yourself honestly whether you have the right mentality before you plunge in. Ask yourself, "Am I a greedy person?" If your answer is "no", then I would strongly suggest you don't ever play any stocks and shares.

You may wonder why I say this but the logic behind it is actually rather simple. If you want to dabble in stocks and shares, you are already a greedy person. So if you answer no, it's either because you don't know yourself or even worse, you can't be honest even to yourself. Either way, anyone who says he's not greedy should never play the market.

Whereas if you had answer "yes", there's a fairly good chance you can make some money. At least, in willing to admit that you're a greedy person, you can learn to control your greed. It's when you don't even want to admit that you're greedy that you can really get into deep shit.

Anyway, viewed from the broader perspective, greed is a good thing. Really. I'm not just parroting what Gordon Gecko said in the movie "Wall Street". Greed really is a good thing. Without greed, the markets won't move. Without greed, people won't work hard or take risks. But you have to learn to keep your greed in check. Be greedy but not overly so. Just try to make some money but don't hope to make a killing. It's when people want to make a killing that they get killed themselves.

Loh K L

[Orion]

Just try to make some money but don't hope to make a killing. It's when people want to make a killing that they get killed themselves.

Loh K L

Thanks! That's the best part I heard since recession starts.