Yah, better start turning around. Give us something to cheer and toast about. There is weakness in the Singapore mkt as not much positive news to start any form of rally.
High tech high growth stocks (like SEA) can be a darling at this moment and could be shunned like ghost in another moment. This is how most of such stocks will behave till they "mature" and stabilise.
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I am more inclined to buy SEA than Grab though Grab is much much cheaper (per share). Grab will continue to burn money to grab mkt share and I don't see sign of profitability in the near term.
I think stocks hv been oversold in recent days. Believe it will pick up in no time. The planned aggressive int rate hikes will always be a bugged bear.
In a nutshell, I agree with those questions. I'm not sure but I guess most people r both mid to long term investors cum doing trading to make quick gain. Just don't over-exposed to a particular stock.
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As they say "Cash is King". Having lot of cash provides ammunition when mkt is down cos opportunity to accumulate good value stocks. Flip side will be value depleted during times of high inflation.
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The mood is very depressing and we r in for a wild ride in the near term. There is chance to buy worth-while stocks for a bargain and later ride the uptrend wave.
It's a downward spiral cycle and herd mentality at play. People just dumped their stocks to cut losses when they saw other people were exiting. This caused more panic and fear.
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Continued Consolidation essentially means continuous pressure on the stock prices. Fundamentals for most co remain sound; it's just the continuous negative news that dampen the entire mkt.
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