Ha ha! Looks like people are panic'ing already.
US Dollar going back up.. Oil and other commodities are going down!

Hey.. look, BUY on the dips man!! Don't be afraid!! This is just a minor correction, we're already in
little bull market. Please sell so that I can buy it cheaper!

Good morning you all,

Ready for some blood today at KLSE??

Yes, DJ spilled some overnight.. Dollar went up, Oil went down (just $2 off.. not much).
Early in the morning it was already taking cues already .. traders were punching the sell orders.

Investors got spooked about recovery, every Tom, d*** and Harry and their friends already knew,
the run up to 8800 since last week couldn't last. Too much overbought already.
Commodity prices were too high, with no real demand, how to hold up those prices?

Time to wipe some profits off.. but also time to jump into the good ones too (if you know which one to pick)
during this pull back.

Don't worry.. a little pullback is healthy.. so let market draw some blood today.. for those still holding, perhaps just stay on the sidelines and watch.. but if you got some extra cash.. go buy some on the dip!

This post has been edited by danmooncake: Jun 16 2009, 08:19 AM

Hey guys,

I don't want to scare anyone here.. but if you see the big red bear looking at you..
don't run.. just back away slowly.. don't run ok.

ok.. now you can panic..it is capitulation time!!! Run like hell!!!

Oil is back up $2.. Russian playing down US Dollar again after stating that it was good yesterday.
Russians playing commodity market here.. perhaps buying back on the dip yesterday.

We can't read those old school papers nowadays if playing with stocks in these days and age.
By the time those financial writers publish their article, info already old.
Everything needs to be real time and the best tool is the Internet.

This post has been edited by danmooncake: Jun 17 2009, 12:59 AM

Opps!! More bloodshed at WallStreet.

DJ closed -107pts, S&P -11pts, NAS -20

Oil lost a bit but still above $70.

Feels like capitulation coming...

This post has been edited by danmooncake: Jun 17 2009, 05:30 AM

Oh uh.. every time the govt tries to change the rules of the game, the market usually will not like it and will tank first.

Everyone.. don't panic yet.
BUY on the dips!

But... if you've excessive holding on those wierd 'goreng' type of counters with no good sound fundamentals,
time to set your stop loss trigger!

Watch your charts carefully and sell it, if it falls below support level. Buy back later on the momentum up swing.
Don't hold on to those pariah counters.. they fall first and fall hard.

This post has been edited by danmooncake: Jun 17 2009, 09:00 AM

What caused Perisai to tank on May 20th in the first place?

Not so fast.. no bullish sentiments yet. Tomorrow, weekly US unemployment numbers will be out.
Watch for it.. the 8500-8600 (200 MA) has formed the new resistance. Maybe more difficult this time.

Bears are coming back to kick Bulls ass.

This post has been edited by danmooncake: Jun 18 2009, 06:49 AM

By the way, for those holding (short term) energy stocks.. (OIL, LPG, Oil servicing, etc)...
better get out today and take your profits.

Wait for more bloodspill... buy a little at a time.
Futures doesn't look good.

Aiyo..Next time... try to get breakfast BEFORE trading even start lah..

Bears are out to kill...

Please run and hide..

US DJ Futures under pressure..but can move either direction.
All waiting for T.Geithner to testify and also the unemployment claims.

Oil price is hanging around $70-$71 dollars but could pull back below $70 if news is not good.

---

Added on June 18, 2009, 8:07 pmThe BN issued UMA brought out a lot of questions recently and even local investors are asking why so much manipulation?

Overseas funds flowing in? I don't think so.. other countries like China/HK/etc offer better returns at the moment.
Heck, even Malaysian own conglomerates and GLC are investing overseas.


This post has been edited by danmooncake: Jun 18 2009, 08:07 PM

Sell some not performing.. convert to those that you want.

Flash news: US unemployment claims down 148,000 to 6.68M.
DJ Futures ticking up!

Oil ticks higher too..

Borrow money from Ah Long to buy stocks means not only could lose shirts and pants,
could lose body parts too!

Ahemm.Don't open new thread yet... wait it out.
Don't jink it like this one did..

Let this one run out till weekend, just one more trading day.

Then, open new one over the weekend!