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wavehunter Supreme	01-Dec-2023 13:24        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	This whole week whenever you check back to see where Ascendas is, most of the time you will see her at 2.82/2.83. If you have no difficulty ignoring these prices and you have the wisdom and the patience to wait, that' s fine. But if you are growing increasingly impatient and you are fed up of waiting and doing nothing and you want to buy something plus you want to buy NOW... not later, not next week, not next month but NOW, then ask yourself...okay you buy now at 2.82 or 2.83. So you have Ascendas in your portfolio. Entry price is 2.82 or 2.83. What next ? What are you going to do with your Ascendas ? What can you do with your Ascendas ? Queue to sell at 2.90 ? Sure you can. But will it be filled in the short term ?  Meaning you will be stuck meantime. For how long ? For as long as it takes for Ascendas to trade to 2.90. But if she wants to go down to revisit her valley at 2.61 to 2.68 first, then your wait will be even longer. That' s the price you will have to pay for giving in to your itchy fingers. Resist that itch if you are itching. Have the patience to wait till the price is right. Entry price is everything for successful BUY & HOLD. On a day like today, can switch off your computer and go smell the flowers. Or do something which you need to do and have been putting off becoz you are lazy. Like decluttering your storeroom. Or packing and cleaning your boot. Or cutting the grass in your front yard. Or some gardening to spruce up your nursery. Or a half finished repainting job. Or some handyman work like changing a light bulb, light tube, unchoke a pipe or fixing a leak. Or change your bicycle tyres. Dont procrastinate anymore. Resolve to get it done today. And do it.
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wavehunter Supreme	01-Dec-2023 09:34        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	Her immediate Area of Resistance remains at 2.84 to 2.86. If she is unable to overcome this mountain, then her current trading range remains at 2.61 to 2.85. Her valley is at 2.61 to 2.68. If she goes there, bring out your trolley and buy. And if she throws a Warehouse Sale at the 2.50s, BUY MORE. And if she has a Crisis Sale at the 2.40s, we Ka Ka BUY. All that is good and valid if she stays at her current trading range. But if she breaks her immediate Area of Resistance to go higher towards her next Area of Resistance at 2.89 to 2.93, if you are gungho and you want to chase, carry on. But if you are conservative, dont participate in the first attempt to move higher. Observe first. Let her carve out and show us where her new trading range is. Then we trade that range. .
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wavehunter Supreme	01-Dec-2023 00:09        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	Notice it says " Index Rebalancing" ? Meaning index stocks are affected. And those stocks you mentioned are index stocks.
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wavehunter Supreme	01-Dec-2023 00:06        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	Bro Caesar, Thanks for the inputs. My eyes were on Ascendas only during pre-closing matching. Hence, I didnt notice that many other STI-component stocks were also seeing peculiar price movement and volume. Based on what you said, this time round it seems the window dressing was quite widespread.  Which usually occurs when there is MSCI rebalancing. Could that be it ? Hmmm......I think so.
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Caesar Master	30-Nov-2023 23:19        Caesar About Contact  Quote this Post!
x 0   x 0  Alert Admin	Even those not in Top Volume like DBS, OCBC, UOB, Jardine C&C, Sembcorp Ind, HongkongLand, ST Engineering, etc Caesar      ( Date: 30-Nov-2023 22:59) Posted: Maybe due to month-end portfolio rebalancing? A few counters had huge volume transacted at closing today. Such as Genting, Singtel, Keppel Corp, Wilmar, MLT, CapLand IntCom T, CapitaLandInvest, Frasers L&C Trust, Mapletree PanAsia Com Trust, CapLand Ascott Trust, Keppel Reit, and so on and so forth. Just check the counters in Top Volume. wavehunter      ( Date: 30-Nov-2023 17:49) Posted: Price action during pre-closing matching was super crazy. The Last Done trade during regular trading hours was at 2.82. But during pre-closing matching, the indicative price was pushed up to 2.87 !!! In the last minute of pre-closing matching, the indicative price then fell to 2.86...then 2.85 and eventually closed at 2.84. You guys know how many shares changed hands at 2.84 in the final matching? 43,855,300 shares !!!      Wad Der Fug happened during those final minutes of matching ??? From Last Done price at 2.82 during regular trading, she gapped up 5 cts to show us 2.87 and she had remained there for more than a minute. If the monkey was the one buying, it doesnt make sense to me why pay so much more to accumulate when he could have filled up his orders at lower prices. So it got me thinking.    I can never prove what I am about to say. And we will never know the truth. Unless the monkey himself comes here to post and tell us what all that was about. One theory I have is - that gap-up in price from 2.82 to 2.87 was a massive SHORT SQUEEZE. For some reason, the monkey knew many traders had opened short positions in anticipation that the price will fall. So the monkey squeezed their balls until they all face green green at first followed by turned blue and some purple. Their balls having been squeezed so hard by the monkey until they all blue-black leow and Bo Pian they Kwai kwai came out to buyback to cover their shorts. The monkey then gladly sold to them and unloaded all his shit to them in the final matching trade.    If true, then what happened today is shortists had their asses pierced really hard today. Like this..... .
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Caesar Master	30-Nov-2023 22:59        Caesar About Contact  Quote this Post!
x 0   x 0  Alert Admin	Maybe due to month-end portfolio rebalancing? A few counters had huge volume transacted at closing today. Such as Genting, Singtel, Keppel Corp, Wilmar, MLT, CapLand IntCom T, CapitaLandInvest, Frasers L&C Trust, Mapletree PanAsia Com Trust, CapLand Ascott Trust, Keppel Reit, and so on and so forth. Just check the counters in Top Volume. wavehunter      ( Date: 30-Nov-2023 17:49) Posted: Price action during pre-closing matching was super crazy. The Last Done trade during regular trading hours was at 2.82. But during pre-closing matching, the indicative price was pushed up to 2.87 !!! In the last minute of pre-closing matching, the indicative price then fell to 2.86...then 2.85 and eventually closed at 2.84. You guys know how many shares changed hands at 2.84 in the final matching? 43,855,300 shares !!!      Wad Der Fug happened during those final minutes of matching ??? From Last Done price at 2.82 during regular trading, she gapped up 5 cts to show us 2.87 and she had remained there for more than a minute. If the monkey was the one buying, it doesnt make sense to me why pay so much more to accumulate when he could have filled up his orders at lower prices. So it got me thinking.    I can never prove what I am about to say. And we will never know the truth. Unless the monkey himself comes here to post and tell us what all that was about. One theory I have is - that gap-up in price from 2.82 to 2.87 was a massive SHORT SQUEEZE. For some reason, the monkey knew many traders had opened short positions in anticipation that the price will fall. So the monkey squeezed their balls until they all face green green at first followed by turned blue and some purple. Their balls having been squeezed so hard by the monkey until they all blue-black leow and Bo Pian they Kwai kwai came out to buyback to cover their shorts. The monkey then gladly sold to them and unloaded all his shit to them in the final matching trade.    If true, then what happened today is shortists had their asses pierced really hard today. Like this..... .
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wavehunter Supreme	30-Nov-2023 17:51        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	Ascendas will not remain at the current trading range forever. Whether we like it or not, she will one day U-Turn from her downtrend of 27 months to start a new uptrend. When that happen, her trading range will rise too. Meaning her resistance levels will be at a higher price and her support levels will be higher too. Which means the same amount of money can buy less of her. Its lidat one. Boh Pian one. Meantime, for as long as she continues with her 27-month downtrend, her trading range is between the 2.60s (Area of Support) and the 2.80s (Area of Resistance). For myself, I dont mind if she continues with her downtrend for another 6 months whilst the Fed keeps interest rates at the current level - higher for longer. However, I dont think Ascendas will dip lower below 2.45. More like she will stabilize and stop trading lower and start to  move sideways and hover at the current trading range from 2.60s to 2.80s with overshoots on the downside to the 2.40s and overshoots on the upside to the 2.90s. Until she is ready to start a new bull trend again. When that new bull trend starts, what we all will need is a mindset change. We must tune our mind to accept higher prices when the new higher trading range is carved out for us. One mistake novice traders are fond of is to live in the past and they tell themselves...." I will buy only if the price pulls back to $XXXX" which is a price at the old lower trading range. This type of thinking will lead to paralysis. You end up not buying even when the price is already at the new but higher support levels. And end up missing all the boats. So do prepare yourself for this mindset change. Trade what you see, not what you hope to see. If the trading range has shifted upwards to a higher playing field, dont tell yourself you will buy only if the price falls back to the lows of the previous trading range. You will miss the boat.  Below is a Weekly Chart which shows how Ascendas' trading range do change over time. She wont stay at the same trading range forever. .
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wavehunter Supreme	30-Nov-2023 17:49        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	Price action during pre-closing matching was super crazy. The Last Done trade during regular trading hours was at 2.82. But during pre-closing matching, the indicative price was pushed up to 2.87 !!! In the last minute of pre-closing matching, the indicative price then fell to 2.86...then 2.85 and eventually closed at 2.84. You guys know how many shares changed hands at 2.84 in the final matching? 43,855,300 shares !!!      Wad Der Fug happened during those final minutes of matching ??? From Last Done price at 2.82 during regular trading, she gapped up 5 cts to show us 2.87 and she had remained there for more than a minute. If the monkey was the one buying, it doesnt make sense to me why pay so much more to accumulate when he could have filled up his orders at lower prices. So it got me thinking.    I can never prove what I am about to say. And we will never know the truth. Unless the monkey himself comes here to post and tell us what all that was about. One theory I have is - that gap-up in price from 2.82 to 2.87 was a massive SHORT SQUEEZE. For some reason, the monkey knew many traders had opened short positions in anticipation that the price will fall. So the monkey squeezed their balls until they all face green green at first followed by turned blue and some purple. Their balls having been squeezed so hard by the monkey until they all blue-black leow and Bo Pian they Kwai kwai came out to buyback to cover their shorts. The monkey then gladly sold to them and unloaded all his shit to them in the final matching trade.    If true, then what happened today is shortists had their asses pierced really hard today. Like this..... .
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wavehunter Supreme	30-Nov-2023 12:24        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	Any big bola here hand Sibeh itchy and Beh Loon leow must do some trading and dont mind hit and run scalping of a few bids? You can consider doing this - buy at 2.80 or 2.79. Run Road at 2.82...2.83 or 2.84.  So long as the monkey is still doing his shadow boxing to keep the price at 2.79 to 2.85, you will get a window to squeeze eggs from your chicken' s backside.  But if Sway Sway right after you buy the monkey also Siew Kang and dont want to play leow, then you Chiak Lard kena Tuar Khee HorLan.
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wavehunter Supreme	30-Nov-2023 09:52        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	The monkey is still keeping the price at 2.80 to 2.85 region. Whether its accumulation or distribution....or left hand sell to right hand...... we dunno yet.    The 4 scenarios I mentioned yesterday are still valid. Personally, I prefer the 1st scenario -  she fails to break the Area of Resistance at 2.84 to 2.86 and goes back down to revisit her support at 2.61 to 2.68. Why ar ? 2 reasons. 1st is - easier for us to trade. If she stays at the current trading range, her pattern we already know. Her Bawu we smell until dont want to smell leow. Where she is now, we are already familiar with and have found our comfort zone. We know what to do. There is more certainty. Just patiently wait for her to go to the 2.60-series and we cast our fishing net there. Sure will catch nice juicy garoupas, pomfrets and red snappers one. . . 2nd reason is - when she is trading at a lower trading range, the same amount of capital we can buy more. Can buy more means can HUAT more also. You think about it. Say 100,000-men strong army. At $2.61, how many can you buy?  If she is trading at a higher playing field and 1 share cost $2.84, how  many can you buy? And if she is trading at an even higher playing field between $3.00 to $3.40 where 1 share cost $3.00...how many can you buy?  Meantime, nothing to do. BUY & HOLD is lidat one. Get used to it. Most of the time there is nothing to do becoz pivotal to successful BUY & HOLD is we must enter at the right price. And the right price takes a long time to come. So we just have to BBT and WLL. BBT  is Bun Bun Tan. WLL is Wait Long Long. Wait until our neck is as long as theirs.    .
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wavehunter Supreme	30-Nov-2023 00:21        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	Will her chart for the whole of 2024 look like this ??? Becoz the Fed has come to the end or is almost nearing the end of its rate hiking cycle, I wont discount the possibility that her 2024 chart may well look like the above chart.
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wavehunter Supreme	29-Nov-2023 23:32        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	A stock will not remain at the same trading range forever. Ascendas is no exception to that. When the broader market is bullish and on an uptrend, Ascendas' trading range will rise over time. But when the REIT sector sees its fundamentals take a hit, REITs can go into a prolonged downtrend and we will see  their trading range shifts to a lower playing field. When REITs are on a downtrend, each subsequent shift in the playing field goes lower and lower. The reverse is true when REITs go into an uptrend. Now that the Fed has either come to the end of the rate hiking cycle or has seen its last hike a few months back just that they dont know it yet, it may well be time for the REITs sector to see a re-rating of its bottomline. Higher interest rates impact REITs rather significantly owing to their business model to leverage on bank loans to finance acquisition of properties. Higher borrowing costs invariably mean less profits for distribution to shareholders. So when the interest rate hiking cycle ends, it means things can only get better, not worse for REITs' bottomline. And when Fed starts to cut interest rate, lower borrowing costs means a lot more of the operating revenue will be available for distribution to shareholders. Dividend payout will rise and with that, the valuation of the share price.  Is that why the price of Ascendas has been so resilient in the last one week to remain at the 2.80 to 2.84 range? Are we looking at the possibility of an impending upward shift in her playing field just that we dont know it yet ? If 2.80 to 2.86 region is the bottom of the new trading range, then where is the top of that trading range? I dont know. We will have to wait for the market to show us. But I did check her charts to go back in time to a time when she was trading at a range where the low of her range was between 2.80 to 2.90. Which is where we are at now. And looking at her chart back then, instead of I tell you where the top of her range was, better still I show you. .
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wavehunter Supreme	29-Nov-2023 20:14        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	She closed at 2.84 which is still at an Area of Resistance. From here, a few possible scenarios: 1. She fails to break this resistance and trade to the downside towards her Area of Support at 2.61 to 2.68. 2. She breaks this resistance but it is a false breakout and she comes back down again. 3. She breaks this resistance and the breakout is real and she keeps going towards the next Area of Resistance at 2.89 to 2.93. 4. She breaks this resistance and rise a couple of bids, then reverse to come back down to backtest that resistance-now-turned-support and then reverse course again to trade back up. (1) is the easiest for us. Just patiently wait for her to revisit her Area of Support and we cast our fishing net there. (2) is a nothing-to-do scenario for me. If it happens, it happens. We just wait for her to trade back down to her Area of Support. (3) is difficult to act on and I will probably end up doing nothing as well. You see, when the breakout occurs and she breaks above 2.86, at that point in time you wont know whether she will do a false breakout or keep on going towards 2.89-2.93. Only when she keeps going and is nearer to 2.89-2.93 that you realise the breakout is real. But it is too late to act. You wouldnt want to buy anymore when she is near to 2.89-2.93 which is also an Area of Resistance. That' s why I will probably end up not doing anything. (4) is an easier scenario to act. But as always, risk is always there that we may be wrong. In this scenario, after making the breakout, she  may/may not trade a few bids higher before reversing course to come back down to backtest that resistance at 2.84 to 2.86 which by then has become a resistance-turned-support. When the backtest ends, she will reverse and go back up. This is when we will have to somehow find the bola to hit the button. Easier said than done. Risk of being wrong is always there. The alternative is to do nothing. Your choice. . The above is Ascendas' Daily chart. Recently, she fell and fell from Swing High at $2.85 and found a bottom at $2.47, remember? I circled that bottom in red for your attention. In the chart below, I zoomed in on that part circled in red to show you in more detail what Ascendas did when she found her bottom at 2.47. She did not rebound from 2.47 the 1st time she touched the bottom. She reversed course and went back down to backtest the support at 2.47. After a successful backtesting of that support, she reversed course again and this time round, she rallied strongly back up to 2.85. So sometimes, this is what a stock will do - break an Area of Resistance, rise a few bids.....reverse course to go back down to backtest the former resistance which has since been broken into and has become a new support...hence the phrase " resistance-turned-support" . Which is why I mentioned the possibility of Scenario 4. I posted the above charts to show you this backtesting is really what stocks do at times.
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wavehunter Supreme	29-Nov-2023 14:55        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	Whether she will burst to the upside to 2.90 or your 3.00, the jury is still out there. To buy now at the 2.80-series means if wrong, cannot HOLD & LOON. Will have to cut.  Small cut is easy to heal. A deeper cut will take longer time to heal. Plus loss of opportunity. For me, if she runs, I will let it be. It is safer to observe where the new trading range is first if she runs. Then reassess if there is still more upside. If no, I walk away. If dunno, I do nothing. If yes, I wait for the next meaningful pullback to consider want to JEEP or not.  But that' s me. Those of you who are gungho and want to CHEONG in first, all the best to you.
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WaterTiger1808 Member	29-Nov-2023 12:19        WaterTiger1808 About Contact  Quote this Post!
x 1   x 1  Alert Admin	Quick buy back . $3 coming
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wavehunter Supreme	29-Nov-2023 12:08        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	She is back at 2.83 : 2.84. As of now, I cant make any sense out of her price action. If from here she rises to 2.90 and higher, then on hindsight, one way to make sense out of her price action over the last 6 trading days is that the monkey was accumulating at 2.79 to 2.84 and when he had accumulated enough, he took her higher. Just like when he had collected enough at 2.74 to 2.79, he took her higher to 2.84.  But there is no guarantee that we will see 2.90 from here. I have seen this same price action before. What happened after all the buying and selling were done was the hype fizzled out and the price drifted lower and lower. And it made me asked the question - why were there so many BUY-UPs in big lots ? What happened to all those tons and tons of shares the monkey bought ? I dont have the answer. Whatever shares the monkey bought, he must have sold without our knowing. Which is why as of now, just because the price keeps rebounding back to 2.83/2.84 and just because there are still BUY-UPs in big lots does not guarantee the price will go higher towards 2.90. Which is why it is risky to buy now to hope to sell at 2.90. If that doesnt happen, then will have to cut whatever you buy at this current price.
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wavehunter Supreme	28-Nov-2023 18:41        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	She closed at 2.79..... the 2.70-series. That' s good news for me and those like me who already taken profits and are waiting for the next buying opportunity.    Hope she shows us a new low below 2.79 tomorrow. And reach 2.74/2.75 by Friday.
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wavehunter Supreme	28-Nov-2023 14:53        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin
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wavehunter Supreme	27-Nov-2023 11:55        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	She has been up at the peak of the mountain at the 2.80-series all week last week. I think starting today, she will descend from the mountain and go back down to the 2.70-series. Now 2.80 : 2.81. Day Low at 2.80. Day High at 2.83.
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wavehunter Supreme	27-Nov-2023 09:25        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	Other than Bro aragosta who thinks not " Tomorrow Will Be Better" but " Next Year Will Be Better" ......is there anyone else here who is still on board this boat? Here, maybe still have some of you cruising. But at my home ground, seems like everyone who joined me to board the boat last few weeks have all since disembarked and counting money. Except for one who tried his hand at contra but the market did not agree with him on the timing.
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