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 Stock Market V28, YI FATT = easy rich!!

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danmooncake
post Jun 2 2009, 11:49 AM

Market Up, Market Down...Wheee..
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QUOTE(mememe12 @ Jun 2 2009, 11:46 AM)
so admire u all.. btw.. what kind of job that allow this kind of freedom eh? mind to list out some?
*
Ha ha! Their job is probably to watch the computer monitor... therefore
watching streaming stock quotes flying across also can be considered as their job too! biggrin.gif
danmooncake
post Jun 2 2009, 12:05 PM

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QUOTE(moorish @ Jun 2 2009, 11:50 AM)
I just called remiser, see I told you kena 10 minutes nagging edi, he say dun go for goreng stock la later kena handburn. But he told me consider MRCB, so what you guys think?
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What? Tell your remiser.. hey its' your money! tongue.gif

Anyway, for MRCB, look like you missed the boat already. It is already near 52 weeks high. blink.gif

danmooncake
post Jun 2 2009, 12:07 PM

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QUOTE(shoduken @ Jun 2 2009, 11:58 AM)
I miss the fun... I wake up late~~~!! Damn nescafe..
I saw the chart today morning very high then dropped.. I guess lucky for me cuz i plan to enter early in the morning but still my portfolio is very green..
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Did you just wake up..?? rclxub.gif
Nescafe would have given you the jolt right?

Lucky you.. better take profit now or you'll be sorry. tongue.gif
danmooncake
post Jun 2 2009, 12:10 PM

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QUOTE(moorish @ Jun 2 2009, 12:07 PM)
my cousin also very uncle type, they dun believe in online. He came to my place watch me play share he say this is like those days early 90s when he started, that time first start he go security office sit in front of TV then later they all share and subcribe line to coffee shop.

He say play like this you get very emotional and easy to make mistake.
*
Those auntie/uncles/ahbeng stock trading styles are not applicable anymore in today market.
The sharks pros would eat them alive if they still use this techniques.


danmooncake
post Jun 3 2009, 04:06 AM

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Dow is trading choppy this morning... but still closed up about 20+ points in positive territory.
S&P closed at 944.. up only 1.92 points.

Everybody taking a breather since yesterday.

Not much exciting news.. sad.gif

danmooncake
post Jun 3 2009, 12:26 PM

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QUOTE(mememe12 @ Jun 3 2009, 11:43 AM)
really hv no idea what see tho chan and goh kheng peow thinking..
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Ha! That pennystock is worthless.. this compgt already issued early warning that insiders are selling.
Why still continue to play their game?
danmooncake
post Jun 3 2009, 09:32 PM

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Ohh... The Bears are prowling on Wall Streets. Hide hide !! sad.gif
danmooncake
post Jun 4 2009, 12:44 AM

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QUOTE(omores @ Jun 4 2009, 12:01 AM)
Yes, Warren Buffet also only buys into companies where he sees the current owners are still hungry to build their business to a newer level, eventhough they've sold 70% to Berkshire. Compugate's directors are the absolute opposite of that criteria.
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Definitely, they knew something others did not. If insiders sell, time to dump their shares.. not buy. Don't speculate anymore,
insiders already knew something bad has happened and they're about to drop the big bomb.


Added on June 4, 2009, 12:46 am
QUOTE(mynewuser @ Jun 3 2009, 10:47 PM)
Almost all stock in KLSE being goreng. No need to ask. Even those going to die stock also people want to goreng.

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

By looking on the previous few day.

If DOW up 200 point. KLSE Red.
If DOW up 18 point. KLSE Red.
If DOW down 100 point. KLSE Green?
*
Ha! You could be right..We shall test this theory because tonight DJ is red and pulling back.
We shall see tomorrow if KLSE will go green. biggrin.gif

This post has been edited by danmooncake: Jun 4 2009, 12:46 AM
danmooncake
post Jun 4 2009, 03:07 AM

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QUOTE(virtualgay @ Jun 4 2009, 02:46 AM)
DOW is DOWN!
*
Bears are out today.. Bulls got slaughtered!

Phew! Luckily already took profit yesterday.. biggrin.gif

danmooncake
post Jun 4 2009, 10:16 AM

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QUOTE(zamans98 @ Jun 4 2009, 09:22 AM)
DIALOG flew away.. +0.05 cts

Anyone dare to chase?

ASTRO  still going strong. Fark, should sold all my TM @ Loss and venture into ASTRO but hey, some other time la!
*
DIALOG didn't flew away.. just a bit of push up.. that's all. It'll come back down.

But, PICORP did fly.. did anyone get this one? biggrin.gif
danmooncake
post Jun 4 2009, 11:44 AM

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Are we still green? Still feeling good? Bears no where to be found yet? tongue.gif
danmooncake
post Jun 4 2009, 11:47 AM

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QUOTE(moorish @ Jun 4 2009, 11:46 AM)
CI up but counter all down...this is what they say Panda bear
*
Well, the bears are knocking.. but they're not being let in yet.. don't give in otherwise you'll regret it.
They'll eat up everything. nod.gif
danmooncake
post Jun 4 2009, 11:55 AM

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What's the news with LIPO? This stock shot up with low volume? blink.gif

This post has been edited by danmooncake: Jun 4 2009, 11:55 AM
danmooncake
post Jun 4 2009, 11:56 AM

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QUOTE(zamans98 @ Jun 4 2009, 11:55 AM)
ASTRO and MEASAT on the run, been 3 days now.

See oso scared to enter, even to get 1 lot
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Why scare? Are they're good buddies? They're make you some money! biggrin.gif
danmooncake
post Jun 4 2009, 12:26 PM

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QUOTE(omores @ Jun 4 2009, 12:16 PM)
If enter the jungle often enough, might have higher chance to stumble upon a tiger and get eaten on that lucky day...   tongue.gif  LOLOLOLOLOLOL

What saying is that actually smile.gif Chinese? Sounds like a very old saying...
*
Chinese old saying and Feng Shui doesn't work anymore. That CLSA bull crap is nothing now.
If scare, no need to play..no need to make money, right?

Don't be afraid.. there are no tigers, no bears..but there is a good strong BULL standing there...
which you can make good STEAK!! Hurry.. make the kill now!! YUM!! drool.gif

This post has been edited by danmooncake: Jun 4 2009, 12:30 PM
danmooncake
post Jun 4 2009, 09:03 PM

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QUOTE(omores @ Jun 4 2009, 08:45 PM)
Good for you! I knew as soon as one month of short term trade has passed that I'm better as a fundamentalist. Now have consolidated my holdings. I'm sure I will see results not 1 year from now, but even in 2 months, I will be  cool2.gif.

Now just a bit rushed in looking for my new few big ones at my entry price. Once I put all my capital for Malaysia in, I'll probably reduce my postings as well  tongue.gif (unless there's a HS, SSC,DOW thread here) cos I'll be busy with my research for injecting my next capital amount for CHINA and HONGKONG and a few counters in the USA.
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omores, good for you. You just realized the benefits of long term investments rather than try to time and play the market.
Even the pros can't time the market.

For KLSE, it will continue to be the place for people here to 'Goreng' because of such low cost, lack of realtime economic data or company earnings or outlook reports, syndicated controlled, a few ringgit level stocks - this has attracted a lot of sharks and ikan bilis rather than the Warren Buffett type of investors. The KLSE also attracts a lot of those no name companies who just wanted to be listed to get free cap money rather than grow their business. Some companies just get listed for a few months then get delisted after operating less than a year. It amazing how people got fed into this frenzy.

For long term investments, try your bets over NYSE or SGX. Tons of fundamentally sound companies that publish realtime data for investors and also you've realtime economic data from the source rather than trying to predict if those data will affect KLSE or not.

By the way mynewuser posted this yesterday:

QUOTE(mynewuser @ Jun 3 2009, 10:47 PM)
Almost all stock in KLSE being goreng. No need to ask. Even those going to die stock also people want to goreng.

By looking on the previous few day.

If DOW up 200 point. KLSE Red.
If DOW up 18 point. KLSE Red.
If DOW down 100 point. KLSE Green?
*


Well, he got it. DOW was RED yesterday.. KLSE went GREEN today!
"The Curious Case of KLSE" - stock market that went go'stan. tongue.gif

This post has been edited by danmooncake: Jun 4 2009, 09:09 PM
danmooncake
post Jun 5 2009, 01:38 AM

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QUOTE(omores @ Jun 4 2009, 09:49 PM)
There might be a correction, but I doubt we are talking 900s, much less lows of 750. At most, it will be KLCI @ 1000. I'm looking at relatively low beta shares in bursa now, to avoid goreng-ed counters. Some admittedly are reflecting much higher prices than it was a month ago, but that's because their sectors have seen improvements, so I give the counters that much allowance. I can't wait for 1 year for a correction, I'm not working so this is my salary. I'm not allowed to touch my investment capital (by myself). Every month my savings will be amply reduced by my expenses, if I choose to wait and see. Much less wait 4 years  shocking.gif . Of course, I still have some investment cash left in case I need to average down.

Why am I choosing China as well? Sure there are sharks, there might even be more 'creative' accounting issues there than here in bursa. But I see real greenshots there, I have huge faith in China's government doing the right thing to move their economies forward. It will, no doubt in my mind, be the economic powerhouse that everyone talks about soon. I've lived in China and I've seen how a really developing city and country really feels like. When I returned to KL, if feels like I've returned to a stagnant city of past glory, that's 20 years behind Shanghai or Beijing.

If you follow China's news, China's economic policies to the recession are well thought of, some of them are really helping businesses to survive and grow, foreign or non foreign, small or large. Unlike our stimulus policies, or US's (sorry obama) or any other government's implementation. SGX probably is also a trustworthy government that would tend to their economy fast. If you are worried of investing in local companies in China, maybe you can wait a while till 100% foreign companies in china are listed in the SSC, as the China government have already started devising policies to allow that. Hey, maybe GM's china operations would be listed. That would be an interesting investment proposition. tongue.gif
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Omores,

Not that I don't believe in China growth which I know there is huge potential and also the fact the SSE has outperform
the DOW by 20% since the low in Nov. As of now, investing directly in China equities market
have huge risks now because lack of transparency and of the govt interference.

The sharks are the Chinese Govt. You do know that they can they can 'regulate' any company into non-existent whether it is local or foreign, right?

IMO, the safest play with China for 'ikan bilis' like us to continue to invest in foreign companies that has businesses in China.
Some of those companies are listed on NYSE and SGX already.

Example: The ETF:FXI - great diversified China play (Long).
My gain since March: 52% icon_idea.gif



danmooncake
post Jun 5 2009, 01:48 AM

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QUOTE(MoonRider @ Jun 5 2009, 12:09 AM)
Actually , i have monitored your writing in the forum , you have a very good skill in persuading people ..  You may want to explore in doing website sales ....  meaning you help someone to buy a website and persuade him why he should buy the website and so on by providing analyst data and so on..

US stocks .. I touch on GM .. sold off with a lost .. but expected ..  i think will not dare to touch on auto stocks .. maybe going for financial stocks (aig risky but worth to try) .. or gaming stocks , currently still under market value ..
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Moonrider,

If you're into short term hold (or day trading) for speculation, don't buy into single company..
try those Q ProShares and 3x Direxion. When the sector move, they move 2x or 3x as quick.

They can get your heart pumping.. no caffeine needed. biggrin.gif

danmooncake
post Jun 5 2009, 01:58 AM

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QUOTE(omores @ Jun 5 2009, 01:45 AM)
I don't have the technical skills and I don't think I can handle the burden of handling other people's money. I'd feel guilty and bad if losing their money! I'd rather enjoy my own investments, profit or loss without that added stress. tongue.gif 

Yes, a lot of businessmen got badly burned. But there are also some who made their fortunes there. Same as anyplace in South East Asia, a different culture can be difficult for a foreigner, red tape and corruption. Are there capital guaranteed funds for China? That could be a good investment instead of investing yourself. My china fund was not guaranteed and I lost quite a lot in my China fund (bought in late 2007) due to greed (it went up 25% in 1 month and didn't redeem), then dropped steadily till losing 40% of investment amount. But I held on, averaged down and now its a few cents away from breakeven!  rclxms.gif My capital is RM300k, can be topped up to RM400k. But now that I've lost heart in KLSE, I'm just going to restrict to RM200k-250k max, with the rest in overseas trading.
*
No fund can be guaranteed unless it is fixed deposits or low risk govt issued bonds.
I must say, you've quite a bit of cap there.. hopefully those all aren't your life savings,
and you're not putting all eggs in one basket.

For long term and steady growth.. remember, always diversify diversify diversify. nod.gif




danmooncake
post Jun 5 2009, 02:19 AM

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QUOTE(omores @ Jun 5 2009, 02:06 AM)
Obviously they are part of my life savings, or how else would I come to have that money? tongue.gif LOLOL.  But I can survive without them for a long while, as I have some amount in FD left, for living expenses, enough for 6-12months. After 12 months, my capital guaranteed fund will be redeemable, so I have more money to live on IF I lose 100% of all my investment capital. (KNOCK WOOD KNOCK WOOD)

I'm far from putting all eggs in one basket, I diversify my stocks by sector / part in that sector/ and soon, by country as well, don't you think? Hahahaha.


Added on June 5, 2009, 2:11 am

Yes there are funds that are capital guaranteed by the way, just that you are given a fixed 2 year-4 years term for it to mature. But dunno if got China capital guaranteed fund.


Added on June 5, 2009, 2:12 am

Oh yeah you are right, just checked the investing in US stocks thread. It was another online website that charged per US trade at USD9.99. smile.gif
*
E-Trade US would charge me 10 quid plus stamp duty (Principal x 0.5%) for UK trade.
for HK equities, they want 299 HKD plus stamp duty (principal x 0.1%).





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