DBS breaks 52WH @ $31.74 next week?
CW,Well, it doesn't matter for Buy-and-Hold and/or Passive "investors" ;)Its not as if they will take any actions if STI break 3407...But for rounds 1, 2, 3 traders like you, well, it matters!Those who buy on breakouts may add more - hoping STI will hit 3600, and 3800 next!Those who sell on the rip will take profit and wait for the next dip... (Its a trade, not an investment!)For every buyer, there's a seller; and vice versa.Somebody wins; somebody loses.Brokers and SGX just collect toll for the win! (Eat grass if everyone just Buy-and-Hold)
May be some kopi or CAI fan coming soon to take off the table. :-)
Uncle8888,Here's hoping STI will take out 3,400 soon, then 3,600 ... coz that will mean global economy booming LOL. The day STI crosses above 4,000 I'll uncork a Macallan 18 yr scotch that's been gathering dust in my storeroom. :P
It will be big celebration for zombie investors in zombie SG market!
DBS new ATH :-)
CW,
ReplyDeleteWell, it doesn't matter for Buy-and-Hold and/or Passive "investors" ;)
Its not as if they will take any actions if STI break 3407...
But for rounds 1, 2, 3 traders like you, well, it matters!
Those who buy on breakouts may add more - hoping STI will hit 3600, and 3800 next!
Those who sell on the rip will take profit and wait for the next dip... (Its a trade, not an investment!)
For every buyer, there's a seller; and vice versa.
Somebody wins; somebody loses.
Brokers and SGX just collect toll for the win! (Eat grass if everyone just Buy-and-Hold)
May be some kopi or CAI fan coming soon to take off the table. :-)
DeleteUncle8888,
ReplyDeleteHere's hoping STI will take out 3,400 soon, then 3,600 ... coz that will mean global economy booming LOL.
The day STI crosses above 4,000 I'll uncork a Macallan 18 yr scotch that's been gathering dust in my storeroom. :P
It will be big celebration for zombie investors in zombie SG market!
DeleteDBS new ATH :-)
ReplyDelete