Posted: 21-Oct-2007 21:47
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see analyst who expected this coming correction..



Posted: Sun Oct 21, 2007 9:37 pm Post subject: Special mention of sinostar...by analysts who predicted corr

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October 18, 2007
Market is still filled with " HOPE "
HI Friends
I scan through at least 3 different stock forum and see that even when the prices has fallen a bit, but people are still in the Hope mode.
Yesterday's the market recovered strongly towards the end, causing many people to believe that today will see a another repeat then I'm sorry to say but it wont happen. Yesterday rebound was a technical rebound in the market as the speed of selling was a bit too fast.
At approximate 1545hr, we should see another wave of selling and should your stock is trading lower than yesterday's low by then, then I sincerely advice you to get out first.
I'm not refering or expecting a MAJOR CRASH to come but its just that there is a definite need for a correction and with India + China + US correcting, I cannot see Why HK, NIK and STI or even TWI will be spared for this cycle.
If you are long term investor, then my ony concern for you is that if the share you are buying is worth the buy? Example, if 2 stocks like sino star and eagle to fall, which one will I pick to hold ?
My answer will be sino star, because of th nature of its business. I wish to re interate my point, I still foresee STI to hit 4000 by end of the year BUT I pretty sure we must see 3700 or lower first before we can entice the BBs to come into this market again.
Therefore, rather than waste your effort, time and buy on a losing stock... why dun cut first... let the selling come in... and then when the consolidate at that time, then buy again. By then, when the stock rises, at least you are in the Driving Seat and you select levels to Sell in profit than always be the one who always force himself/herself to cut lost unwillingly.
But of course, the choice is still back to yours.
I'm just coming in from the angle of friend to you.
Cheers!