Just an article to share for reading pleasure:


President Obama said Tuesday that he is not intently focused on the “day-to-day gyrations of the stock market,” comparing the downward roller-coaster on Wall Street to the fickle nature of political polls.

“You know, it bobs up and down day to day,” Mr. Obama said. “And if you spend all your time worrying about that, then you’re probably going to get the long-term strategy wrong.”

The president did not offer any specific stock tips, but suggested that he believed the market might be close to its low point.

“Profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal,” Mr. Obama said, “if you’ve got a long-term perspective on it.”

KNMG have 3.9billion book order current, is not that bad.
The main worry is when he affort repay the money from Bank that borrow to buy back his shares.

wow .... this forum is very cold wo today .......

---

Added on May 17, 2009, 10:29 pmlook like everyone is going to be very serious now....

This post has been edited by v-honda: May 17 2009, 10:29 PM

I think it's quite typical. When market open, all in this forum gone wild. When it's closed, very serious.

I think this weekend a bit more serious that usual due to bad economy news from US as well as swine flu cases in Malaysia. Ppl expect Mon is going to be tough. Anyhow I could find some news. It might not affect tomorrow price much and it's a good news for long term:

-------------------------------------------------------------------------------------------------------------------
Obama budget chief: Economy almost bottomed out
White House budget chief says US economy has almost bottomed out, predicts lower deficits

* On Sunday May 17, 2009, 10:33 am EDT

WASHINGTON (AP) -- The White House's budget director says the economy has almost bottomed out and the sense of economic free-fall is over.
-----------------------------------------------------------------------------------------------------------------------

2nd news might not affect KNM but per this news, O&G companies still expanding the facility because many want to be less dependent on Russia.
Europe companies are investing Middle East even though currently oil and gas demand has been slow.

--------------------------------------------------------------------------------------------------------------------------------------------------------------------

DUBAI, United Arab Emirates (AP) -- Two European energy companies helping build a pipeline to reduce the continent's dependence on Russian gas said Sunday they will team with Mideast producers to feed the route with Iraqi fuel.

The deal gives Austria's OMV AG and Hungary's MOL a piece of an $8 billion project to extract natural gas from the Khor Mor and Chemchemal fields in Iraq's northern Kurdish region. Each company will get a 10 percent stake in a largely untapped production site operated by Dana Gas and Crescent Petroleum of Sharjah, United Arab Emirates.

Having a dedicated supply source could jump-start efforts to build the 2,000-mile (3,300-kilometer) Nabucco pipeline linking Turkey to central Europe. Moscow opposes the project, as it would bypass Russian export routes.
----------------------------------------------------------------------------------------------

tomoro is tough for me too, may be it is becos we have been so crazy last few weeks , forgotten about there is still many tough way to go ... thats why suddenly cannot tahan ..... quite ciak lat ler ....

Life assurance groups with banking subsidiaries will receive billions of dollars in US government bail-out funds, officials confirmed on Friday, a move experts hope will damp concerns about the financial stability of this sector.
-------------------------------
Stocks to watch on May 18 include IOI Corp, MRCB, Media Prima, Sime, AMMB and Hartalega.

wow , quite a good news .... but i am not in those counter, but still good ler ....

---

Added on May 17, 2009, 11:30 pmok ler , sleep early , i go to sleep liao ..... take care ...

This post has been edited by v-honda: May 17 2009, 11:30 PM

Sai-lang ? be carfeul brot!

Hi bro, I think u bcome less active in this forum recently. R u still holding any knm stock?

---

Added on May 17, 2009, 11:57 pmTomorrow don't forget to bring a guni bag to pack ur profit...

This post has been edited by okw0809: May 17 2009, 11:57 PM

Chasing the back-pages just now. Good night morning.

Tomorrow is my T+3

good luck to everybody tomorrow.
it sure hard to stick to long term plan if we watch it everyday.

Good morning but not that good.

As expected, turns red....

good morning!

yeah bleeding man

Before market open, I could see ppl q at 0.71 oredi. Crazy, man

so for those who bought at 0.715, can play contra today lol

OK what, not that bad. But you will know the extent of the fall only in the afternoon. But if good news come from DJ, it may be doing quite ok.

oil is dropping though

haha very power, going back up again

Slight retreat....

Might turn green......hei!hei