*Official* General Market Chit Chat Thread

[Genosis]

China trying to flog a dead horse nias!!!

I think they are flogging a crazy horse...

 

[Genosis]

Bloomberg - IMF Cuts Global Growth Forecast to 3.4% in Year of ‘Great Challenges’ http://bloom.bg/1nhExml


Blomberg keep releasing bear news

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Of course 2016 is going to be a challenging year. Anyone can see that.

I can work at IMF too.

 

[Slowdown]

During the middle of the last GFC i bought one penny 100lot at 10c. I gambled with 10K thinking at most i lose the money. Rest of my capital were deployed to stronger ones like capland. In the end no win no lose for my other stock except that one penny. Finally sold it for 20K gain. At one time when the penny was down to 6c i was wondering if i made the right decision.

This time round can try the same trick. Take 5K to buy some penny at 0.005c. Then hope that it will go to 2c. As long as the penny no up lorry means got chance right?

Rest of hard earned money put in ES3. Idea okay?

 

[Genosis]

This time round can try the same trick. Take 5K to buy some penny at 0.005c. Then hope that it will go to 2c. As long as the penny no up lorry means got chance right?

IMO, take ur money to MBS or RWS should be better.

 

[lalalalalala]

IMO, take ur money to MBS or RWS should be better.

Ok la, 1/800 chance, better odds than 4d

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[SeVenn]

I think they are flogging a crazy horse...

I don't give a **** what they're doing but I hope they do more of it!

 

[tiny]

Opening paragraph of this Business Times article quite emo leh...

JAN 19, 20166:31 PM
AS Singapore adjusts to slower growth over the next 50 years, the government on Tuesday outlined its plans to keep the nation a place "where dreams are built and aspirations can be fulfilled".

 

[Layers]

Opening paragraph of this Business Times article quite emo leh...

JAN 19, 20166:31 PM
AS Singapore adjusts to slower growth over the next 50 years, the government on Tuesday outlined its plans to keep the nation a place "where dreams are built and aspirations can be fulfilled".

wa jin emo...50 years...

 

[lalalalalala]

Opening paragraph of this Business Times article quite emo leh...

JAN 19, 20166:31 PM
AS Singapore adjusts to slower growth over the next 50 years, the government on Tuesday outlined its plans to keep the nation a place "where dreams are built and aspirations can be fulfilled".

So SG 50 is actually the funeral of SG?

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[Aventad0r]

So SG 50 is actually the funeral of SG?

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Lol touch wood, I'm still young. Sg Toh I also cham

 

[Slowdown]

I don't need 1 million.

Just 20K gain.

What we need to look for is a penny that we think will not up lorry after this crisis. I would think probably 75% of the pennies in the SGX today will survive this crisis. And probably half of them would double or triple their value in two to three years down the road. Don't even need a viable business plan, just ride the uptrend wave.

So the idea is to identify a probable stock and put 5K into it. Lose we lose, it is 5K. I would say the odds are definitely more favorable than lottery.

For example I would quote LIONGOLD. It is a risky stock. it is now 0.004 cents. Question is whether it would survive this crisis. If yes, I don't see why it cannot become a 2 cent stock in two years. Don't need to justify business plan. Just a long as it survive. I quote this stock because I owned it's shares (unfortunately). I would look for another penny to punt. It is a small punt. It is not like we put all our money into this. Maybe 5 to 10% of our warchest.

u wanna play penny might as well buy 4D or Toto

better odds leh

$1 can become 1 mil

 

[Genosis]

Opening paragraph of this Business Times article quite emo leh...

JAN 19, 20166:31 PM
AS Singapore adjusts to slower growth over the next 50 years, the government on Tuesday outlined its plans to keep the nation a place "where dreams are built and aspirations can be fulfilled".

More good years ahead!

 

[NewInvestor]

SMM up 10% because its gonna be taken private la

SHORTIST SURE DIE THIS TIME~!

Shortists all die pain pain!! Lol!!

 

[Asphodeli]

Ezra share consolidation 8 to 1...GG

 

[blankk]

I don't need 1 million.

Just 20K gain.

What we need to look for is a penny that we think will not up lorry after this crisis. I would think probably 75% of the pennies in the SGX today will survive this crisis. And probably half of them would double or triple their value in two to three years down the road. Don't even need a viable business plan, just ride the uptrend wave.

So the idea is to identify a probable stock and put 5K into it. Lose we lose, it is 5K. I would say the odds are definitely more favorable than lottery.

For example I would quote LIONGOLD. It is a risky stock. it is now 0.004 cents. Question is whether it would survive this crisis. If yes, I don't see why it cannot become a 2 cent stock in two years. Don't need to justify business plan. Just a long as it survive. I quote this stock because I owned it's shares (unfortunately). I would look for another penny to punt. It is a small punt. It is not like we put all our money into this. Maybe 5 to 10% of our warchest.

Later come up with share consolidation, right issues etc to dilute shares u will gg

May as well go sg pools buy football, more shiok faster n better odds lol

 

[blankk]

http://www.marketwatch.com/story/bearish-jp-morgan-says-sell-stocks-on-any-bounce-2016-01-11

 

[winorlose]

During the middle of the last GFC i bought one penny 100lot at 10c. I gambled with 10K thinking at most i lose the money. Rest of my capital were deployed to stronger ones like capland. In the end no win no lose for my other stock except that one penny. Finally sold it for 20K gain. At one time when the penny was down to 6c i was wondering if i made the right decision.

This time round can try the same trick. Take 5K to buy some penny at 0.005c. Then hope that it will go to 2c. As long as the penny no up lorry means got chance right?

Rest of hard earned money put in ES3. Idea okay?

which penny did you buy? why no name?

 

[yihao93]

Many will say it is a dead cat bounce. Bounce and bounce until over 3000 and they then say missed the boat.

come on lah , no news not bounce is what?

i need see somewhat ''positive'' news then i feel safe

i weak

 

[lalalalalala]

Latest News, Corporate

Highlight

Sembcorp Industries may inject funds or buy full control of SembMarine: sources
By Reuters / Reuters | January 19, 2016 : 6:43 PM MYT
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SINGAPORE (Jan 19): Singapore's Sembcorp Industries may inject funds into Sembcorp Marine or buy full control of the drilling rig builder to replenish finances strained by a collapse in oil prices, people familiar with the matter said.

Sembcorp Industries — almost half-owned by state investor Temasek Holdings — is the parent of Sembcorp Marine which analysts said is at risk of writing off assets and cutting its full-year dividend.

"It’s quite clear that financial support has to come in and a take-private is one of the easier options, but ultimately there needs to be a long-term solution," said one of the people, who were not authorised to speak publicly on the matter and so declined to be identified.

Sembcorp Industries owns 61% of Sembcorp Marine which services an oil industry plagued by oversupply. The plunge in oil prices to multi-year lows has led to a drop in orders for rigs and cancelled contracts.

Sembcorp Industries could therefore benefit from selling the rig builder and focusing on its profitable utilities business, analysts said.

One buyer could be larger rig-building rival Keppel Corp, 21% owned by Temasek.

“The natural buyer and a merger candidate clearly is the offshore marine business of Keppel,” said one banker, who declined to be identified.

"But the issue with any combination necessarily is that the upside there is cost-cutting."

Bankers involved in the sector said a single domestic champion could make sense to counter competition from China and South Korea. However, the likely option is for Sembcorp Industries to take full control of its subsidiary.

Sembcorp Industries, Sembcorp Marine and Temasek declined to comment. Keppel, which is due to report earnings on Thursday, also declined to comment.

ORDER CANCELLATIONS

Since the beginning of the millennium, Singapore's two rig builders have risen to dominate the global market for jackup rigs, which drill in depths of as much as 122 metres (400 feet). Sembcorp Industries and Keppel discussed a merger in 2001.

But with the drop in oil prices, Singapore's US$10 billion rig building industry faces a dearth of new orders, while some orders are at risk of cancellation.

For instance, the bulk of orders at both Sembcorp Marine and Keppel are from Sete Brasil, an indebted affiliate of state-run Petroleo Brasileiro SA Petrobras. Sete Brasil has paid neither since late 2014.

Both Sembcorp Marine and Keppel are trading at their lowest valuations in at least 13 years, Thomson Reuters data showed.

short noble, everyone enthusiastically buying due to sci scm and keppel suddenly chiong...

end up temesek not buying them out...

 

[lalalalalala]

Ezra share consolidation 8 to 1...GG

consolidate liao short again, see how many juiced sugarcanes they can squeeze into the juicer