Too high to buy in
$DBS Group Holdings (D05.SG)$ This price is way too high to even buy in, even if youre considering to hold long term.
To new people coming in, I really really hope youre coming to day trade. Please do your due diligence. Just because its days of green candlesticks doesnt mean you should buy in.
1. Price will drop after dividends. No one knows the extent of the fall obviously.
2. Price will also drop after bonus shares. Same thing, no one knows the extent.
3. Forecasted drop in interest rates this year. This means lower earnings for banks this year. Once again, no one knows whether subsequent dividends will fall.
Trade based on what you see. Not what you think.
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trade with what you see, not what you think
whether you like it or not
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102319465 ANGEL : Totally agree
102356143 : But it went past the 52 week high so there is really no strong resistance until the fibonacci 1.618x to 2.0x from the ATH technically speaking.. but this is of course the theory only.. lets see the reality..
unfilteredtruths OP 102356143 : Not a fan of theories. Nothing is really 100% until it actually happens. Assumption is a very dangerous thing when investing.
Rule of thumb is that stocks generally fall faster than it rises. Look at how fast DBS is rising the past few days. Think about how fast it's going to drop. Just a rule of thumb though.
Zumba : yep too high agreed
102171481 : long term investment...![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
bought at $15+ long long ago and got more at $21+. think the dividends covered liao heehee