Oil dipped below 70 and Dow was red many analyst predict current correction will take weeks if not months was right ok hold your cash tightly and also your itchy hand

This post has been edited by goognio: Jun 20 2009, 10:43 AM

just wait till we approach sept/ oct

this coming Monday maybe another bloodbath again zzz

50% go up.
50% go down.

my guess is it'll go side ways at the moment, they will probably goreng with small fire 1 or 2 counter, no point to full blast now as people are still so nervous.

This post has been edited by moorish: Jun 20 2009, 03:36 PM

Shouldn't be wah...

I am glad the oil price drop below 70.

Oil is better stuck in the range or 50-60 before economy recover, if not, recovery might be dampened by high oil price.

Need your expert opinion on this

Bad for Oil export country,Malaysia's economy will stuck.Our vision 2020 tat set by Tun Mahathir will be unreachable.

Hi guys,

Am jus so new in this threat..

Come in to say hi for everyone.

i remember there is on book sold in mph or popular that has all the yearly report of every shares in klse, anyone knows what is the name of the book?

"Stock Perfomance" by Dynaquest March Edition??

Good for you. You missed the bear market so it is actually your gain.

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Added on June 20, 2009, 10:42 pmIMO, @ $60-$65/barrel, Malaysia should be ok because that's what most oil producing countries willing go for..
@ Over $70.. a bit overshoot since the demand isn't really there. a bit of pullback here is expected.
Oil bulls tried to break through $72, 3 times this week but didn't win and the last trading session, traders just sold off and given up. Besides, with options expired, next week, they'll trading the next month delivery.

Oil may most likely pull back to $65 ~ $70, still reasonable profits for oil producing countries and it should not dampen economy recovery. But, speculators may keep pumping this up another month if they think we got too much USD floating around due to Uncle Sam printing or signs of recession is ending soon (<ahem>.."less bad" ).

For next week, we're at the cross road again..it can go up or down but it is bearish sign for commodity and energy stocks (oil, metals, etc) because of overshoot the last 2-3 weeks. Some people expect DJ to pull back to 8200 (another 200-300 points off), S&P to 875-900.

Not sure what KLCI will do.. perhaps maybe another +/-10 points?









This post has been edited by danmooncake: Jun 20 2009, 10:42 PM

Why you said so ?

Wah! So many experts on here and so many predictions.

Guess they must all be making so much money since all are so smart

'SOMEBODY' manage to sell at RM1.28 just after pre closing period... how they do it i also dunno..
bcoz i'm sure before pre closing time the quote r still at RM1.23/1.24

- easy way to 'PUSH' up the price???

This post has been edited by tessei: Jun 21 2009, 12:06 AM

Hello everyone..

So.. how's my TM doing?

Well said. When everybody is predicting market ups and down for short term profit, Cherroy is concerned with economic recovery and so should we all be too because we will benefit from better investing and trades in a fruitful and recovered economy rather than a dampened recovery due to oil speculators. Lets hope for the best possible recovery after all at these levels, only real recovery is going to help us.

Hot stock on monday --> Topglove
tuesday release 3rd quater financial report + dividen announcement.

Wah ...insider knowledge