Thread: SET

Originally Posted by Spin

Originally Posted by keda

Fcuking hell is there any life out there??

Well I did try and open two account in Thailand about 4 months ago when the price of your recommendation for PTT was 202. I filled out and mailed .pdfs to two brokers but was never contacted or had any response from them so trading in Thailand was overlooked by me. I continue to trade the gold stocks on the Amex Gold Bugs index and am considering a thread based on my endeavours. I notice now that PTT is at 270 and up

Best to take your passport and bankbook to your local broker, and from then it should take a few days for a working account. As before, consider opening a bank account exclusively for trading.

Still haven't got around to Amex but for now at least not thinking to fix what's working fine.


Delighted to report I cashed in some PTT at 304 from avg 222 to fill my dentist's coffers, so effectively got 250k'sworth of new teeth free and still holding the balance but will unload at either 300 or 350 according to the whims of the market.

TT&T still going well, up from 1.31 to 1.51 and 1.63 in two days with an intraday high of 1.70, BUT though the momentum seems to be fading don't be deceived because it has a long way to go yet and any profittaking dip will be a good time to load up. Nibbled a bit more today at 1.53.

NWR has clearly broken out with a huge upside, backed by Morgan Stanley so don't expect them to run away with your money.

CSP has not performed well relative to the current surge but for anyone holding my advice is stay patient...it has recently moved up 10% and away from its historic low and now in a holding pattern before it moves higher but much much higher...short of another coup or Toxin returning with airs on the throne, your patience on this one will be rewarded.

EPCO still consolidating and trying to reach a new high, but once it moves away from the 70s we could see a powerhouse.

EVER, PERM, SMIT, and STHAI have all moved up recently and though much of that can be put down to the general rally lots of signals say these are heating up with enormous potential and importantly, regardless of SET's direction; if in, hold with a tight stoploss.

The old favourites JAS and NSM have both broken out, with high upside and low downside.

Originally Posted by Butterfly

Commissions are very cheap, with a minimum of 50 BATH, which is fuck all.

Not sure but did read in some broker bumf that they have no minimum commission, and it makes sense for the regulator to protect those that trade small amounts that could simply not sustain a 50 baht loss per trade.

With 100 being the minimum number of shares that can be traded, some of the trades you will see on the ticker are actually valued at less than 50 baht.

Good thread this keda...

you wonder sometimes if anyone reads it and/or takes notice...

well I've followed it and despite the knockers you had early on - who have gone strangely quiet - I think that you and Butterfly are doing a good job here and hope you both continue it...

kudos...

I do wonder, and it would be nice to know if anyone's actually using the info to real advantage as in profit.

ps: EPCO started moving out of its holding pattern yesterday...anyone bought a ticket?

who cares if anyone is buying or not, this is good "educational" exercise. Keep going Keda.

Education is usually towards an end, which in this case should be money in the bin.

hai shares close marginally lower ahead of central bank rate decision - UPDATE

BANGKOK (Thomson Financial) - Thai share prices closed marginally lower on Tuesday as investors traded with caution ahead of the central bank's rate-setting monetary policy meeting.
Investors sold export-linked stocks as the baht continued to hit 10-year highs against the dollar, with the Bank of Thailand coming under pressure to cut its key interest rate in a bid to curb the baht's rise.
The Stock Exchange of Thailand (SET) composite index fell 0.17 points to 856.91 points and the blue-chip SET 50 lost 1.37 points to 612.97.
Gainers led losers 173 to 160, with 129 stocks unchanged, on turnover of 5.4 billion shares worth 23.5 billion baht.
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The baht closed at a 10-year-high of 33.35-37 to the dollar from Monday's 33.24-28. Against the euro, the local currency was quoted at 45.83-85 from 45.85-90.
'Investors took a wait-and-see stance ahead of the BoT's meeting, and the market faced modest selling of export-linked stocks,' said Chai Chirasevenupraphand, a market strategist at Capital Nomura Securities.
Top economic ministers on Tuesday urged the bank to cut the interest rate further in a bid to rein in the rising baht, but Chai said market players expected it to leave the rate unchanged at 3.5 percent on Wednesday.
The baht has risen seven percent against the dollar since the start of the year, driven by massive capital inflows as investors snapped up Thai stocks, which were undervalued compared with regional rivals in Singapore and Hong Kong.
Thailand's top energy firm PTT was unchanged at 308.00 baht, and its unit PTT Exploration and Production also closed flat at 126.00.
The kingdom's top lender Bangkok Bank was also flat at 131.00 baht.
Thai Airways International slipped 0.75 to 44.50 baht, but the nation's largest mobile phone operator Advanced Info Service was unchanged at 95.00.



Thai shares close marginally lower ahead of central bank rate decision - UPDATE | Latest News | News | Hemscott

I see the market is taking a bit of a hit today. Just as well Monday's a holiday

Yesterday was just a thrust away from the psychological 900, but just couldn't hold it. Strong support at 840ish, but if that breaks then it's time to clear the decks.

^wall street and london don't look too good either

^ Wall Streets in tatters, out of hours indicators show the fall will continue today. The shorts I took last week at resistance levels on the Gold bugs index are paying well

well, while the world markets are crashing, Thailand is still holding

Are we going for 900 yet ? selling out some of my best performers just in case

Hold your horses! - That was a typical Thai reaction to whoever says boo, got spooked at the mystical 900 and was looking for a reason to retrace which Wall Street came up with, but if it wasn't that it might well have been something else.

Now 863, strong support at 840ish but boding well for a rebound so there's a good chance it won't be tested for now. That said, it may be a half hearted rebound playing in 870-885 for a while with not enough confidence to try for 900 right away.

Medium and long term looking good. Should test 900 soon, then resistance at 910-915, a clear run to 935, and we could easily see 950 by year end, with the usual profit taking along the way. BUY if it drops further, but SELL if it breaches 840, on the basis of no serious political/fiscal influence.

I filled up with NWR the past week. Also nibbled a bit more on EPCO, up from 50 to 80 (+.06 divi), and even though 'it looks like' SPACK is no longer a serious contender in part because of the recent rise, it remains solid, has healthy profits and a big upside.

CSP is looking weak, could be a slow shakeout, but don't be fooled because it's quietly consolidating for a healthy rebound at the whim of the big (local) money, which could happen tomorrow or in 3 months but then it could very easily double if not more. Now below 220, and one strategy is to fill up slowly at these low levels, but praps better to place it on your watch list and wait till it stays above 240 for 2 or 3 days with good volume, then leap in.

DD as usual.

DOW's 3% drop was from a record high achieved after a lengthy rally...could be it's being talked down after rising too fast, because after all it's the big money that cashes in whenever there's a correction so they may be looking for a reason to bank a heap of profit.

If it returns to 13000...!

Looks like a controlled gambling exercise, to my untrained eye...

Sure SET's a gamble but treat it as you would a friend, step in gingerly, get to know it in your own sweet time but never imagine you can trust it well enough to leave it alone with your wife, and that way you'll get along ok.

I would like to see a drop on all world markets.
Current levels are a hot air balloon.

^^ Nice analogy, Keda.

Originally Posted by sabang

I would like to see a drop on all world markets.

The dow jones dropped nearly 835 points this week

Loads of bargains waiting to be snapped up.

I wouldn't call PE of 20, bargains

Originally Posted by Spin

Originally Posted by sabang

I would like to see a drop on all world markets.

The dow jones dropped nearly 835 points this week

Loads of bargains waiting to be snapped up.

Thats a start. Hope to see about the same drop in the next few trading days. Actually, that might trigger a rout- fine by me, I'm out of stock at the moment. Don't think it would make most people happy though.

Property going down, interest rates going up, liquidity tightening, debt problems. All looks a bit precarious from here.

Thai shares close sharply lower on BNP fund freeze

BANGKOK (Thomson Financial) - Thai share prices closed sharply lower Thursday as investors dumped shares after French banking giant BNP Paribas said it had suspended three of its funds amid concerns sparked by the crisis in the US subprime mortgage.


Selling accelerated on expectations that Wall Street would fall sharply Thursday on the BNP Paribas factor.
The Stock Exchange of Thailand (SET) composite index dropped 19.81 points or 2.38 percent to 811.83 and the blue chip SET 50 index lost 15.59 points to 579.63.

SET's been fragile since it sniffed 900 and didn't have the nerve to go for it, scampered back with a vengeance and approached the important 840 support barrier like it wasn't there. Decks cleared, must say was expecting to start buying back in after yesterday's bounce but all news is bad news for SET right now, maybe needs a serious swoon and the harder the better.