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 Stock Market V29 aka V28B, farewell to V28

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panasonic88
post Jun 8 2009, 04:09 PM

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whopss. my counter all red except pbbank.

red red red!
panasonic88
post Jun 8 2009, 04:15 PM

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cherroy!!! how much you queue for Tanjong?

i guess he would queue for 12.80, huat ah!!!
panasonic88
post Jun 8 2009, 04:25 PM

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QUOTE(Neo18 @ Jun 8 2009, 04:24 PM)
RM12.00, lim peh SAI LANG rclxm9.gif
*
wah i like it thumbup.gif thumbup.gif
panasonic88
post Jun 8 2009, 04:50 PM

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oh silly me, didnt know we can cancel queue during pre-close tongue.gif

Mklanders!!!! call me silly, but i will hold you tight even the red days! i hope my patient will pay me a fortune.

meanwhile, eyeing for Thplant at 1.60 or below.


panasonic88
post Jun 8 2009, 04:54 PM

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QUOTE(chyaw @ Jun 8 2009, 04:50 PM)
Then Pantech and Sealink lor.
*
Sealink 0.785, naice.

this morning was 0.820.

yeah, followed chyaw's recommendation, but provided you have the holding power + loads of patience, which is something alot of newbies lack of. (i used to be one, too, even now, sigh)

bonus side, a 4 sens TE dividend is on your way.
panasonic88
post Jun 8 2009, 04:58 PM

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QUOTE(SKY 1809 @ Jun 8 2009, 04:57 PM)
Tanjong > limit up tomorrow brows.gif
*
17.50 drool.gif drool.gif drool.gif
panasonic88
post Jun 8 2009, 05:12 PM

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QUOTE(AdamG1981 @ Jun 8 2009, 04:10 PM)
Yup, should long now mah. Buy on the dips. Just because usd strengthen and investors sell off commodity stocks doesnt mean we should also short mah.

Besides base on the daily chart for eu, gu and au, usd is now very overbought.
*
QUOTE(omores @ Jun 8 2009, 05:08 PM)
Wow Dow futures is now -87.

Dunno whether it was smart of me to long FKLI. Hope don't die tomorrow.  shocking.gif
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yah lor, i was wondering why did Adam asking to long? hmm.gif
panasonic88
post Jun 8 2009, 05:19 PM

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QUOTE(AdamG1981 @ Jun 8 2009, 05:16 PM)
You see lah later pana
*
wow manyak confident.

okok, i "put my eyes long long & see" biggrin.gif
panasonic88
post Jun 8 2009, 05:29 PM

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QUOTE(viper88 @ Jun 7 2009, 04:37 PM)
http://www.reuters.com/article/hotStocksNe...E55507020090606

By Edward Krudy
NEW YORK (Reuters) - U.S. stocks may get a lift next week as regulators are expected to name the first round of banks allowed to repay bailout funds. The move could feed hopes that the banking system is stabilizing further.

But widespread skepticism over the sustainability of the recent rally from 12-year lows in March remains as bears keep looking for signs of economic weakness.

The wild cards in the coming week include the jump in the price of oil, now near $70 per barrel, and the leap in U.S. Treasury bond yields, with the 10-year note's yield near 4 percent.

Investors also will sift through a government report on May retail sales and data on consumer sentiment for clues about the state of mind of consumers, whose spending accounts for two-thirds of U.S. economic activity.

"From the market's point of view, the repayment of TARP (bailouts) is a big positive in that it shows that private equity is available and capable of coming in and funding the banks," said Marc Pado, U.S. market strategist at Cantor Fitzgerald & Co, in San Francisco.

But even though the repayment of money from the $700 billion Troubled Asset Relief Program is seen as an important psychological step, there are also concerns that the banks may repay the money too soon while selective repayments may stigmatize some lenders.

"The potential negative is that people start looking at it and saying these guys have been able to pay it back, but other people haven't," said Doug Roberts, chief investment strategist at Channel Capital Research in Shrewsbury, New Jersey. "There could be a concern that the government will have to go back in again."

There is also concern that the repayment of TARP may rob the economy of money that could be lent to consumers and businesses.

The S&P 500 index .SPX is up nearly 40 percent since a hitting a 12-year closing low on March 9, largely on hopes of an economic recovery. But indexes have drifted since early May as investors look for more catalysts to drive the market.

In a historic turn of events on Wall Street, General Motors (GM.N)(GMGMQ.PK) and Citigroup (C.N) will lose their place in the blue-chip Dow industrial average .DJI on Monday, marking a fall from grace for two once venerable American corporations.

SPOILER MAY BE OIL NEAR $70

Steadily rising oil prices have started to cause concern, with some investors worried that higher prices may put pressure on the all-important consumer, dampening the speed of a recovery. Crude futures jumped to a seven-month high above $70 a barrel on Friday before falling back to settle down 37 cents, or 0.5 percent, at $68.44 on the New York Mercantile Exchange.

John Praveen, chief investment strategist at Prudential International Investments Advisers LLC in Newark, New Jersey, said that "when you are getting too close to the $70 range, you begin to wonder whether the rise in oil is going to start being a burden for the economy."

Trends in oil prices will be a factor in Wednesday's report on the international trade deficit for April and Friday's data for May on import prices and export prices.
The Federal Reserve's Beige Book, an anecdotal report from the Fed's 12 districts, will shed some light on the economy's health when it's released on Wednesday afternoon.
WORRY OVER RISING BOND YIELDS

Similarly, rising Treasury yields, which reached as high as 3.9 percent on Friday, marking the loftiest level in more than six months, are causing concern that consumers and businesses may face higher borrowing costs.

Investors will watch the results of a 3-year note auction on Tuesday and a 10-year note auction on Wednesday to gauge investors' appetite for swallowing ever increasing government debt.

"We have seen bond yields back up over the last couple of weeks and if they keep going up, there is growing concern that that could short-circuit the recovery," added Praveen. "If the recovery becomes questionable, then you might see a pullback in equities."

Stocks finished the week with gains, with the Dow Jones industrial average .DJI up 3.1 percent, the Standard & Poor's 500 Index .SPX up 2.3 percent and the Nasdaq .IXIC

up 4.2 percent.

May retail sales, due on Thursday, are expected to show an increase of 0.5 percent including auto sales, compared with April's drop of 0.4 percent. Excluding auto sales, May retail sales are seen up 0.2 percent, compared with April's fall of 0.5 percent.

A preliminary reading for June from the Reuters/University of Michigan consumer sentiment index is due on Friday.

"Investors will continue to watch to see if economic data is improving," said Michael Sheldon, chief market strategist of RDM Financial in Westport, Connecticut. "The trend over the past few months has been encouraging, but there is still a long way ahead before we can say that the economy is growing, and it's growing on a sustained basis."
*
bringing up this post by viper88.

some highlights for this week. trade with caution, better. hmm.gif
panasonic88
post Jun 9 2009, 09:04 AM

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QUOTE(AdamG1981 @ Jun 9 2009, 07:06 AM)
Omores, told you so. Dow barely broke even. biggrin.gif

Pana.....like i said earlier......seeeeee first...
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QUOTE(AdamG1981 @ Jun 9 2009, 08:43 AM)
Omores, matching 70.....hopefully we can target 1100 this week. All depending china's data later
*
wow you're good.

make my teh tarik oso smell extremly fragrance this morning wub.gif
panasonic88
post Jun 9 2009, 09:25 AM

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QUOTE(cherroy @ Jun 8 2009, 08:47 PM)
Streamyx outage in my office for the whole afternoon,  no access to internet, so don't know the price nor Q'ing.  sad.gif
Now only online only know Tanjong closed at 13.20. If line no problem, already get it liao.

Never mind, tomorrow may be better still  thumbup.gif

Large volume signal some funds are disposing, it is on a down trend mode.
Me, planning average on every 50 cents drop.
*
oh i experienced screammmmxy outage in my office too yesterday afternoon, looks like i wasn't alone. sleep.gif

now everyone is eyeing on Tanjong, dividend blue chips, hmmm.
panasonic88
post Jun 9 2009, 09:44 AM

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red army is marching in.

sipping coffee, watching show.
panasonic88
post Jun 9 2009, 09:49 AM

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QUOTE(moorish @ Jun 9 2009, 09:48 AM)
something wrong with me, I let go TGOFFS at 1.620, now queing LCL 0.645.
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woooo good luck drool.gif
panasonic88
post Jun 9 2009, 09:57 AM

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like the hokkien said,

exchanging rice with potato laugh.gif
panasonic88
post Jun 9 2009, 09:59 AM

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see, you got accompany now! biggrin.gif
panasonic88
post Jun 9 2009, 10:03 AM

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QUOTE(jgchoo @ Jun 9 2009, 10:01 AM)
moorish, i just find out my wife like u....
login her acc. just saw pmind-wa, dutalnd-wa, hovid-wa....  brows.gif
*
rofl. and why la u login to your wifey acc? spy on what she buy eh tongue.gif
panasonic88
post Jun 9 2009, 10:09 AM

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moorish, your LCL reached 0.645
panasonic88
post Jun 9 2009, 10:10 AM

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QUOTE(espree @ Jun 9 2009, 10:08 AM)
Have anyone here have received atrium cheque?
*
date payable fall on 5 June 2009. should have arrived in your mailbox.
panasonic88
post Jun 9 2009, 10:21 AM

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QUOTE(shoduken @ Jun 9 2009, 10:19 AM)
ho ho ho... who don't believe that I'm the Death Touch of Share Market hahahahaha..

red jor.. >.<
*
what have you touched? SAAG ka?

panasonic88
post Jun 9 2009, 10:31 AM

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calling Maybulk fans.

shopping time. biggrin.gif

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