I am currenyly holding stocks on Genting Int (Sing) , Resort and Genting (KLSE). I am planning to sold my local share and go full force on US stocks espcially risky share like AIG and Citi ..

Question .. should I full force on US stocks or still stick my luck on KLSE ..

And I am lucky to buy few lots of Genting Int .. around 45 cents sing .. around 1200RM per lot .. much cheaper than resorts which is 2k++ per lot ..

US stock comes with higher risk. You're lucky if you get cheap stock that go up 2x in the next day or week.

some us stocks may seem cheap, like AIG & Citi but to go into US shares would be extremely risky looking at their fundamentals. i won't be suprised if AIG & esp Citi isn't around in a few years from now. AIG is already 80% owned by the US tax payers. The gov't may change the rules of the game anytime, wiping out common shareholders.

personally i would avoid US share market at all cost. plenty of other places to go like singapore, japan, hong kong. relative to US stock market, they are even cheaper.

First Genting Int although unit price is cheaper than Resort, it doesn't mean it is actually cheaper. Both company holding and asset are different.

The problem of AIG is that existing shareholders has been diluted by gov share, so even AIG manage to recover and return back to its old day of glory of profit level. Its share won't back to its old level as it have significant more share now compared to last time.

It is same with Citi, if US gov converted the preferred share into common share, then it will dilute existing share as well.

Don't mean Citi won't have a future, it might go high as well if problem of financial crisis solved. But whether it will manage to recover without dilution or anything happen in between, nobody knows.

Another aspect one should look at on foreign share is the currency appreciation/depreciation side.

stop talking, wanna buy just buy la,.......my approach diversify.
i own everything,
i send 100,000usd to my us account,
use 1000usd for every blue chip........some can only buy 12share with 1000usd.
so i have bought 100 blue xhip company, lgy,bcs,ing,

good luck....nothing is definately wrong or right.

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Added on April 27, 2009, 10:52 pmgenting international i bought at 0.38sing ..now sold half already to get back my modal.
very lucky in deed,

going to short genting tomorrow. if this sars like worsen.

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Added on April 27, 2009, 10:54 pmc = only borrow 45bil aig borrowed 180bil from tarp .....
so buy c , if want to be safe.

This post has been edited by normanTE: Apr 27 2009, 10:54 PM

Yup, just do it.
For long term investment, the current share price now are very good to enter.
Diversify your capital in case you afraid of high volatility in US market.

Dude,He's only asking an opinion.

Hey guys... I 'm curious to know what is considered LONG term investment for some of your investment strategy....esp. dealing with US equities

This post has been edited by danmooncake: Apr 27 2009, 11:36 PM

Good Feedback

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Added on April 27, 2009, 11:47 pmHi D'cake,

Been following closely all your comments.
I wonder how long you have been in the US market. you sound very knowledgeable.




This post has been edited by W.ROOK: Apr 27 2009, 11:47 PM

sorry ya, i though he want opinion of how to invest?
anyway buying risky asset is actually gambling.
i suggest put 10% of your money to speculate.. it is really exciting

Not long.. maybe just 12-18 months ago.. since the housing crash. Attended some seminars to learn about
the Wall Street opportunities during downturn.. hence. I'm hooked since. If I make enough.. maybe I can quit my day time job.

Good for you bro.

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Added on April 28, 2009, 9:37 amSame objective as mine.
Who knows we could turn out to be millionaires. Hehehe



This post has been edited by W.ROOK: Apr 28 2009, 09:37 AM

I think i will wait for a week . Will reserve to buy AIG, if they fall back at $1.

But of course my preferred choice will be CITI ..

Moonrider..
Good for you.. patience is virtue.. but don't wait too long, the market doesn't wait for anybody.
There are plenty of good plays beside AIG.

Are you long or short trader?

no one interested with RBS.L traded at 30 pence.it is like aig..... but owned by uk goverment.....diversify is the key

Going for long term , for my kids , 10 years .. It is not so frequent you got the opps to buy us stocks .. due to the currency conversion ..

I wonder anyone bought playboy stocks http://www.google.com/finance?q=NYSE:PLA

Can CIMB Acc buy UK share?


NormanTe and damooncake , IM me on your msn messeger we can add each other for future trading chat .. .

This post has been edited by MoonRider: Apr 28 2009, 01:41 PM

Yup, agreed. This is once a 10 years golden opportunity since last Asian financial crisis.
Buy US stocks and keep for long term investment at least 5 years
If swine flu going to hit global for few mths/years just like SARS case,
better keep an eye on health / drugs company such as Glaxo (GSK). Yesterday nite alone, rose 7%

I agree. It is 10 years golden opportunity. Not many people will experience it.

You didn't go in when Citi was 1+? I think no more chance they will ever reach that again but I could be wrong

Nobody know whether it will go back to 1++. Time will tell.