Bears are prowling @ Wallstreet.. playing hide and seek with bulls.

Hehe! Look OUTSIDE Malaysia-lah!

Copper prices have pummeled down since last year.. and slowly climbing back up.
China is the only one demanding copper now, Euro/Japan/US still weak.. but as soon as their economy
bottom and their infrastructure stimulus kicks in.. you'll see demand to rise.

My favourite copper mining stock now is up 70% since purchased in March. I'm long.

This post has been edited by danmooncake: May 13 2009, 02:31 AM

Not world.. just Wall Street - the Motherload Hive.

What's going on you say..

It is very temperamental..bi-polar to be exact.
Totally unpredictable, it does what it wants.. nobody can stay in its way,
up, down or sideways. Everybody is like bees..attracted to it.
If you can catch a piece of its honey.. it is sweetest thing you'll ever taste.

This post has been edited by danmooncake: May 13 2009, 06:26 AM

'junk' as in penny stock?

Right on.. but there is no investment..here just trading game. Fast money if you can trade on contra to beat the big boys.
Big boys are local MM (market makers or 'butcher') and they can smoke any small time ah beng piggy into BBQ pork anytime.
Until the local market get liberalised... probably difficult to see it aligns itself to regional trend.

Bears are out preying on little bulls tonight..
if you're afraid of bears.. stay indoors.

For those who aren't afraid.. time to take your shotgun, let's go hunting for a
few bears!

Indeed. Those US jobless claims or rise in unemployment numbers mean little to the market because it is always rear-view mirror.

How about some economic news from Malaysia instead? Any data.. ?

How does one really able to play fundamentals if Malaysia itself doesn't have enough up to date
data like what the other regional countries and US producing day after day.

Hence IMO, KLCI is more for than 'ikan bilis' players who play on rumours only (and probably some pros claim it is tech mumbo jumbo).

This post has been edited by danmooncake: May 14 2009, 09:30 PM

It doesn't matter, everyone is hyped up on current situation, they simply don't care.
Too much excess in inventory, too little drawn down, traders must short commodity like oil and copper for now.
Commodity may rally in future but future is 6-12 months away.

This post has been edited by danmooncake: May 15 2009, 12:32 AM

yes...farm/food products like coffee/tea and livestock too. :-)

Just too much.. too cheap now.. economy not recovering yet..in reality no demand.

China just buying cooper for stockpiling only.. to hedge against future price rise but
buying will stop, cannot sustain because Europe/US/Japan not buying.

How to rally?

Don't be too excited. This is U.S. economy..may.. just may.. end (or bottom) this August.. but, it is still LONG (capital L-O-N-G) to recovery.

So, how will that affect Malaysia economy? Perhaps we should interpret that two times as long to recover because they (U.S.) may not be buying as much as they're used to be anymore.

The only Asia country that will recover faster than US is most likely CHINA.
All others will trail behind.

That's because it is old news already. Temasek made bad investment choice.. caught up in the hype of fast money two years ago. thought those CDS were good, not knowing they're toxic. CEO Ho Ching resigned - gave excuses it was always in Temasek long term plan for leadership change (which is BS, they didn't see it coming). They got no choice but to sacrifice a few pigs, no big deal.. the farm is still there.

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Added on May 15, 2009, 10:55 pmYeah right.. look East. but East is NOT buying at this time. How to look East? Where are the buyers?
China is the only one now.. but they're just buying raw materials for short term, nobody knows their long term plans.
Quite secretive.

Until Asians change their saving behavior to spending.. then it will continue to depend on the big spenders (US/Euro),
their market is more open and because of this US/Euro market always better for capitalists.

This post has been edited by danmooncake: May 15 2009, 10:59 PM

Yes, if you believe in FengShui Chart. FengShui Chart indicates May is the top out.. then will go down 40% in June.

Technical Analysis or mumbo jumbo is for fastmoney voodoo players.. it doesn't work for newbies looking for what to buy.. but does help when to buy/sell (following the sharks trail). It is a good tool trying to predict 'ikan bilis' behavior or little bears/bulls herd mentality.

Good luck studying the charts, in local KLSE market, you will need it.

This post has been edited by danmooncake: May 16 2009, 02:48 AM

Sleep? What is that?

Just kidding. Working night shift-lah..

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Added on May 16, 2009, 10:49 amAiya, wishful thinking-lah, Asians numbers too big, too spread out.. too many Asians govt are paranoid... too kiasu to give up control, govt unwilling to listen, some are too corrupt, therefore stiffen growth before they even have chance to seed innovation. What's the purpose of copying if cannot pull original idea out of the ass? Right?

The only Asian country that is up to the developed Ang Mo status are the Japanese.. but even them, in the beginning they're also copycat but a smart one at that.. but they didn't seems to go far. Their economic after so many years still at #2 behind the #1 USA. Back in late 80s everyone thought they can surpass US and were looking up to them, even Mahathir says look East.. fast forward 20 years..look what happen? Japanese went flat on their economy.. USA flew them by easily with their innovation and technology..their economy thrive. Even now Japanese is danger losing ground to China..

Same old policy, same old mentality. How to catch up?

IMO, first thing to do, must liberalise the economy to be truly free.. and allow free enterprise, allow fair wealth distribution (not just to their cronies or GLC), and get the frickin govt control and stupid protective policy out of our way to prosperity. If Asian govt doesn't change its policy and attitude.. still cannot catch up with the western developed economy,no matter even if we have billions in numbers.




This post has been edited by danmooncake: May 16 2009, 10:49 AM

Actually, they're herding all the little bulls into the slaugterhouse..
getting them ready to be slaughtered by the hungry bears.

This post has been edited by danmooncake: May 18 2009, 10:30 PM

Well, the market does what it likes. If you want to play, you have to take risk.
Sometimes, the newbies gotta to swim or die drowing.. I say.. give them a little push, they'll learn.
They'll come out stronger and more confident later.

Usually, suspension is not good. This gives the impression to the investors something bad is going on and they will dump shares the moment it opens... but again, stock traders in KLSE is probably already immune to it because too much manipulation already has happened.

Whoa.. DJ pummelled 182 pts upside during mid day trading...
Bears ran away or are being hunted down.

Too late to buy.. it will be gap up big time.