Thread: SET

Bloodbath today...If anyone's reading this before open best advice is to offload asap, then buy back later on when the panic subsides.

Originally Posted by keda

Bloodbath today...If anyone's reading this before open best advice is to offload asap, then buy back later on when the panic subsides.

Wouldn't that be akin to panicking yourself?

Originally Posted by Marmite the Dog

Originally Posted by keda

Bloodbath today...If anyone's reading this before open best advice is to offload asap, then buy back later on when the panic subsides.

Wouldn't that be akin to panicking yourself?

? Not at all. My port was void of unwanted stuff within 3 minutes of open yesterday, as I hope most other TDers' were, though most of that came back to the nest later with some additives. Even had time to issue that caution.

Just say woof and SET swoons, so with the monkey's resignation coming on top of the China debacle, seems it behaved precisely as it was supposed to.

I'll wait to buy until April/May when the market fails big time.

^is that what your fortune-teller told you

Originally Posted by Marmite the Dog

I'll wait to buy until April/May when the market fails big time.

Will be waiting with you marm.

Originally Posted by William

^is that what your fortune-teller told you

No. That's what some financial bloke said on Australia Network the other day.

Not sure what the expert said but will be sitting on the sidelines from sometime next month, if not sooner.

China stocks tumble again

Shanghai (dpa) - China stocks fell more than 5 per cent Thursday in Shanghai, the biggest decline in seven weeks, on speculation the world's fastest-growing major economy is overheating and may raise interest rates.

A government report released late Thursday spurred speculation the economy is growing fast enough to force the central bank to raise interest rates.

The report said gross domestic product expanded 11.1 per cent in the first quarter of 2007, exceeding 10.7 per cent for all of last year.

On February 27 indications that China's economy was overheating sent the Shanghai Composite Index into a 9 per cent slide that rippled worldwide as investors fled from risky investments.

The Shanghai Composite index fell by 4.52 per cent and closed at 3,449.02 points.

The Shenzhen Composite index, which covers the smaller mainland stock exchange in south China, lost 4.9 per cent and ended at 960.03 points.

Since the beginning of the year the Shanghai stock exchange had climbed more than 30 per cent and in 2006 it increased 130 per cent.

Originally Posted by keda

Not sure what the expert said but will be sitting on the sidelines from sometime next month

Why?


and does this extend to markets around the world or just SET?

Originally Posted by keda

Originally Posted by Marmite the Dog

I'll wait to buy until April/May when the market fails big time.

Will be waiting with you marm.

Nearly there!

Just a few bits left that'll be gone next week if not tomorrow, then will have smelly fingers for the next month.

Originally Posted by Helicopter

Originally Posted by keda

Not sure what the expert said but will be sitting on the sidelines from sometime next month

Why?


and does this extend to markets around the world or just SET?

Wish I knew, but with new highs being hit somewhere each week am happy to rest up...May's usually not much fun anyway.

Anyone who invest money in the Chinese Stock Market is really looking for trouble. Thailand is bad enough.

Well, the 'experts' couldn't have been more wrong, instead of a major correction we've seen not just the opposite but 900 in the crosshairs.

Lots of good things, but a couple of specials if anyone's actually invested:

EPCO: (.72) Fundamentally sound; technically consolidating and soon to fly. Strategy: Exit if it cannot hold .70, no questions.

CSP (2.22) recent distribution and looks like it could very easily double if not more, probably led by local money. Strategy: Target 3.5 minimum; if it eases back this is likely a minor shakeout before the wave so hold your nerve and buy more. Oh yes, and it's your checkbin at 4.

mmmmm clean forgot about this thread, been meaning to get an account sorted but been too busy milking Freeport Mcmoran (FCX) in the Amex Gold bugs HUI index.

Keda, what sort of volumes do you hold on stocks like CSP that are like 2.2 baht each?

but if I'm not wrong, it's seen about a 100% increase in less than 5 years - which would put it perfomance up on a par with the FTSE?

Shame I'm not allowed to trade shares (unless it's done via a blind trust - which, outside of mutual funds, I don't think exist here). Something to do with "insider trading" and being "disbarred"

Originally Posted by keda

quite a bit

hehehe, taxman reading is he

Best of luck anyways.

Originally Posted by William

but if I'm not wrong, it's seen about a 100% increase in less than 5 years - which would put it perfomance up on a par with the FTSE?

Shame I'm not allowed to trade shares (unless it's done via a blind trust - which, outside of mutual funds, I don't think exist here). Something to do with "insider trading" and being "disbarred"

I'm sure there are many like you that legally use proxies. Could it be that nobody you know and trust is allowed to trade?

Note that Jeffrey Archer wasn't guilty of accidentally reading a fax meant for his wife's eyes only, which resulted in a tidy and certain profit.

^funny you should say that. Under my contract it said "no member of your family can trade shares". I said "get real, how can I stop them trading?" I can promise I won't tell them, but like fuck can I stop them trading...

Originally Posted by Spin

Originally Posted by keda

quite a bit

hehehe, taxman reading is he

Best of luck anyways.

It's all relative but I rarely dive in with both feet as I have here.

Was so convinced of a significant correction that my cupboard was bare in early May, but the 20% surge made it a formality to catch up.

Anyway, allowing for minor corrections and profittaking it looks like SET could challenge 900, if the monkeys stay in their cages.

Originally Posted by William

^funny you should say that. Under my contract it said "no member of your family can trade shares". I said "get real, how can I stop them trading?" I can promise I won't tell them, but like fuck can I stop them trading...

I guess that leaves it to your family's family, or trusted friends.