lol... seriously tempted to bet half the house tho. i came back from lunch one day n saw CI jumped over 20 points!!! nearly fell off my chair

Talking about the real bull market, i have just checked out the economic chart from 1993 till 2003 something. FKLI was once hit 500 points only right? It seems the FKLI index now could hardly go lower than 500 points, you see, the worst it went was back in Jan/Feb, which was around 800point. My question is, is this economic going too "bullish" that causing overbought and economic crises occur here and there?

Hmmm ... Gerald Celente.

Well for me, surviving 2012 is even more challenging.

Ding Ding Ding! What a week!

DJ 8743.94 +31.12 +0.37%
NAS 1886.61 +1.58 +0.08%
S&P500 940.6 8 -0.37 +0.04%

Today, if it is not for Oil rally above $63, I don't think DJ could end up green.
Oil continues its uptrend this week after been pummeled down to as low as $58
last week, and see-saw between over-supplies, slower demand and concerns over
new developments in Iran and also rumour that China may want more oil.
10 out of 11 oil tickers ends up green today.

The bulls have clearly won this week, all it took is just 5 straight days,
it has wiped off all the gains the bears had for the last 4 weeks.

This battle is now reset and we shall see next week if it bulls can break through the resistance
line and bring us to new heights.

This post has been edited by danmooncake: Jul 18 2009, 04:15 AM

US close flat today... corporate earning report doesn't help much

July 16th: CIT Group shares smashed down to 0.39 cents, will file for bankruptcy by next week.
July 17th: CIT Group shares jumped up 70% and closed 0.70 cents after they said they're in talks with banks to avoid bankruptcy.

Another penny stocks play here. Anyone dares?

For those that wants to know more about Harta.

http://biz.thestar.com.my/news/story.asp?f...88&sec=business

KNM

This post has been edited by ABC2020: Jul 18 2009, 11:05 AM


Attached thumbnail(s)

if the rescue is successful and the share will jump back... then this penny stock worth goreng also

Thank you. Very useful.
Dividend proposed is a bit mean - they'll have to do something about that if the shares are to advance.

Well, you have to understand from their statements that it is a growth stock, which needs more cashflow to generate more profit ( 65% increase in earning ) i.e future expansions.

Opportunity costs mostly work in one favour , High Growth, lesser Dividends.

Of course, the perfection is to expect High Dividends plus very high profits. Do not forget they have to take loans for expansions , needed to pay back in time.

Both, more or less div also reflected in price of share , and adjustments ex Dividends.

But do not forget there is a worldwide recession going on.

And we have to adjust our expectations accordingly.

Just my personal opinion only.

This post has been edited by SKY 1809: Jul 18 2009, 02:59 PM

Well, if you realize, we never know how low the KLSE can go. If we all know when is the lowest point, most of us will not be in this forum, trying to get insider tips or strategy. We just can buy in whenever we feel the price is good enough. As I mentioned many times before, when KLSE was at 700++ pts, most of the people are waiting to buy in when KLSE at 200 points, but in the end those are the people buying when KLSE >1000 pts, 30% higher for most of the stocks. So when they see market is not sustaining again, they will sell at all cost, even at loss. So, their remisier will be very happy, but they are losing money on and off. We can see them saying that "wow, today I earn few hundreds", while next round he heard them losing few thousands.

Chart on KNM doesn't look good.

Do or die, like bet big or small.

If not successful, and under bankruptcy, it could worth nothing.
Just like GM worth nothing.

Nobody know the rescue plan will be successful or not. So the term "if" is like big or small.

Even the rescue plan succeed, existing shareholders might suffer severe dilution, which previous 1.00 no longer will be the same as 1.00 now. Just like Citigroup which preferred shares has been converted into common stock which existing shareholders being diluted.

This look like a Double Top hitting the 0.89. Be weary if Monday has another Black Candlestick which confirm the bear trend for this.

Just want to ask: is it permittable to short-sell for shares, just like short-sell for Futures?

As far as i know, we cannot short sell securities in KLSE. I almost kena when i first traded.. lucky my remisier saved me

I tried to find more info but i only managed to find this:
http://www.klse.com.my/website/bm/regulati..._RR_16_2006.pdf

No, it is not allowed, except for a few regulated short selling designated counters which now nobody bother much wherehy you need to arrange with investment to borrow share from them before you sell.

for those who trade based on chart... KLCI seems very bullish at the moment with 4 white candle body..
the tricky part is, after the implementation of the new FBMKLCI, the candle formation is a bit deceiving...

why???



no gap-up (opening higher) !!!!!!!!!!!!!!!!


so when it goes down/getting bearish... it wouldd look very horrible on the chart!!!

In fact the current situation is still bearish, though the price is rising up, but could be hard to sustain long.

1130-1150 point is the resistence line, it's where people is going to selling out the shares.

Let's see how...

Yea, i notice this too. Why the opening price is gap up, but the candlestick no gap up. So misleading. So... do we have to draw our own candlestick chart now?