We all wish the market can back to right track now on, but the reality is, it is a rebound trap for sure.  HSI only rebound 200 pts, no volume to support, lack of interest to buy shares.

We don't want to buy too much shares at this moment, too risk.
I don't mind to buy a little bit shares, maybe just for day trade, not long hold.

The market may correct for another 2 weeks before rise again

引用:

Originally posted by peninsula at 2007-8-7 12:32

Very likely. 21,000 and than 20,000.

Yes, will first try 21000, and see how market react, whether going down to 20000 or rise from 21000.  Tough to predict, but high chance to down to 21000

引用:

Originally posted by mmr.ren at 2007-8-7 14:49
有乜野因素令港股一沉再沉, 人地美股都有返咁上下既反彈, 反而港股完全無力, 基本因素不變, subprime 影響美國點都多過香港丫!

We all know, it is an excuse for them to pull market down; same thing in march this year.

引用:

Originally posted by jimmy1001 at 2007-8-7 15:28


No need to panic?

Yes, no need to panic, just be patient and wait

引用:

Originally posted by peninsula at 2007-8-7 15:34

No need to panic if you don't have stocks on hand.

If no margin or 3~4 lines stocks on hand, it should be okay; otherwise, panic

引用:

Originally posted by jimmy1001 at 2007-8-7 16:11


only a few 3-4 lines, others are purple chips; 5% drop past week.

I lost big in past week too, but in call warrant.  I don't buy any 3~4 lines, it is tough to recover if it corrected.  It is tough to bet on it, I have no confident on it seriously.

You dropped 5% last week was not too bad; today is even worst on 3~4 lines.

引用:

Originally posted by peninsula at 2007-8-7 16:35

Very bad. Disaster on the "9th rate" stocks!

I meant, lost on call warrant this time, not 3~4 lines.  I don't buy 3~4 lines

引用:

Originally posted by peninsula at 2007-8-7 16:59

I know ar. I am referring to myself!

Sorry, misunderstood

引用:

Originally posted by peninsula at 2007-8-7 17:08

OK la. CASH is king now.

Yeah

引用:

Originally posted by peninsula at 2007-8-7 17:15

Luckily, I did not convert my AUD to HKD and buy BIG (I was targeting H stocks). Otherwise, can be extremely painful.

You are lucky, I cashed out some stocks before correction, but still have so many on hand, but still better than loss more when I looked back now.  But still not good feeling at all even it is paper value when it drop everyday.

Save cash and wait for timing come soon

引用:

Originally posted by peninsula at 2007-8-7 17:24

I did not convert when AUD to HKD was nearly $6.9, now back to @$6.6. I guess it is a small percentage compared to the potential loss in the stock market.

I see, is not too bad, and I believe US dollar still weak later on

引用:

Originally posted by edison1610 at 2007-8-8 09:56
高開二百幾點, 仲唔係強勢回歸?

I don't think so, it is another rebound trap

引用:

Originally posted by edison1610 at 2007-8-8 11:24
三百幾點啦... 仲有得升

Not concentrate on 1 day only, it could be a trap or the market really hit bottom already and rise back to 23500 very soon.

引用:

Originally posted by edison1610 at 2007-8-8 12:59
就來四百點!!!!!!!!!!!!

Yes, market looks good today, I hope both 941 & 5 can lead market all the way up and the correction is over.  But we still have to be caution as well; better to wait for see for 2 more days.

Since it still might be a trapped to us, people got back confidenet and started to buy more and more shares then big drop.  This period of time, better to play more safe, I don't mind to buy spend small money to buy some potential stocks, but not big money at this moment

引用:

Originally posted by edison1610 at 2007-8-8 15:10
就來五百啦... 可以收復失地

Can see it is strong today, but volume does not match so far.  
I hope Dow strongly up tonight, and HSI strong up with high volume, then we can consider to buy some stocks

引用:

Originally posted by mmr.ren at 2007-8-8 15:39


Agree!!

Will see how Dow doing tonight

This rebound will probably reach 23000 and then drop back to 22000

HSI can easily up to 23000, then drop back to 22000.
It is a normal trend during correction

引用:

Originally posted by edison1610 at 2007-8-9 09:13
但係美國升左百幾點, 日本又升百幾點, 香港再升幾百點都不足為奇
可能幾日就升破二萬四

I hope so, but what is the chance to reach to 24000 in next few days?

引用:

Originally posted by peninsula at 2007-8-9 21:01

Weakening in the afternoon. So the large players killed off the 淡友 yesterday and now waiting to kill off the 好友. Tomorrow, should fall??

Exactly, I don't see it can go up to 24500 in next few days, but I am sure HSI will drop sharply tomorrow morning since Dow dropped over 200 pts in opening, now still down 160 pts.

引用:

Originally posted by peninsula at 2007-8-9 22:00

Yes, I am still looking to 21,000 as first target.

I think the market will drop first and rise for sure, but don't really know how low it will go, will see

引用:

Originally posted by leoxi at 2007-8-9 22:55
This type of up and down market will continue, but hitting 21,000 maybe a bit low.

I think so, I think the market will between 22900~21500, unless more bad news coming from US

引用:

Originally posted by edison1610 at 2007-8-10 10:33
依家咪急速反彈, 又係入貨好時機

As peninsula said, market still have a chance to 21000 since more bad news come out from home mortgage!!!

The market will rebound, but the peak pt will getting lower and lower everytime before the end of Aug I guessed.

Anyway, I did buy some stocks at good price this morning, waiting for rebound soon

引用:

Originally posted by peninsula at 2007-8-10 12:38

I don't foresee much rebound until 21,000 (at the very least).

I only bought some, and also expected HSI may possible drop to 21000 soon; if not, it will rebound from 21700 for couple hundred pts, and then drop to 21000.

引用:

Originally posted by peninsula at 2007-8-10 13:54

#8 signal may be hoisted soon. Not sure if market will open fully (till 4pm) in the afternoon.

Yes, SFC said market still open till #8 signal on