cscenic & mcfb? so cold ler the stock...

My odd lot only 7 shares which if I sell not enough to cover brokerage fee.
In which case, if i sell the even lots, so probably just leave it. Is there any minimum that we need to maintain in the account ?

Minyak Mentah down again.

Sold SAAG (double purchase) for loss RM51. Looks like wrong bet, tomorow is actually a good buy for SAAG.

Haiyoo. So early buy on DIP today

Wrong already.

If ex-date is 29, buy at 29, you won't get the dividend.

Want to get the dividend, must buy at 28 and hold overnight and sell at 29, then you will get the dividend. They will look for shareholders on 28 5.00pm (after market closed).

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Added on July 29, 2009, 10:57 pmYou will be entitled the dividend even sell today.

This post has been edited by cherroy: Jul 29 2009, 10:57 PM

Minyak Mentah 64.20 now...

DJ's chart is like roller coaster ride, up down up down up down

I dont think KLCI had a correction at all.. just a drop of 7.90.. anyone agree/disagree ?

Is USD going up or just crude oil going down fast and furious? Seems like Gold also drop

This also wrong,shud be 31. the shareholder list will be checked on entitlement date, which is usually 2 day after ex-date.

ya, actually plan to buy but c ppl dump away in 5k lots .. no ball to key in ady

huh?!?!?! im getting confused again! so....i must hold until 31st of july?

Yup.

Shareholders list is about entitlement date, (my apology) just ordinary retailers can just stick the ex-date for reference, as delivery of shares and transferring for T+2/3 is automatic nowadays.

No no no, sorry for confusing u. u juz need to hold till 29.
coz T+3, for those buy on 28, their share will only in the CDS account on 31, so shareholder list will be checked only on 31st after 4pm or 5pm.

You can sell on 29 to entitle the dividend if the ex-date is 29, that's fir sure.

The entitlement date is about transferring of share into the CDS account, which if not understand, just stick with the ex-date will do, as under CDS, you don't need to worry about the entitlement date.

Previously under cert time, entitlement date is the date we must register the share into our name to entitle the dividend. With now computerised scriptless and auto transfer, don't need to bother much.

i see...ok thx cherroy and my_cat! i truly understand the concept now!

panajie expert in dividen related question .. ask her ..

Odd lot brokerage is RM 12 plus clearing fee plus stamp duty.

Odd lot means anything less than 100 shares.If you sold 450 units ,it is actually 4 board lots of 100 units each and 50 units odd lots amalgamated into one contract,in which case,the minimum of RM40 applicable to board lot is charged.

Had you sold only the 50 units,then the commission rate is RM12.

The US dollar index is testing resistance aka previous support. As you can see, the SPX is trying to test the inverse h&s neckline with RSI at 50 which shows tremendous support.

Like i said, this is a bull market, rather than a bear market rally. The main reason is,
Investors want the market to drop so they can buy before its too late. Those investors are "underinvested". So believe in your analysis, oil dropping at 4 dollars are a reaction of euro dropping like a rock along with a bearish inventory.

Good thing is, China will reduce fuel prices.

Does this mean we should bargain hunt over the next days, Adam?
Or side-line?

DB, i am not too sure if you received my newslettter yesterday but i did say its better to stay on the sidelines and wait for dips to long.

If you want to contra, you should wait for the price to fall close to near 10 sma, then purchase and then sell at 3 sma. (Applicable on high volume stocks only)

August 1st is Chinese PMI, so be very wary tomorrow and friday.

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Added on July 30, 2009, 12:32 amWill it be useful if i hold a technical analysis class for stocks and futures held at OSK HQ?



This post has been edited by AdamG1981: Jul 30 2009, 12:32 AM

I read the newsletters religiously every day and saw your comment about buying on dips. My problem is: what is a dip?
One man's dip is another man's trench - if you see what I mean. Does buying TANJONG at 14.60 today when it just hit 15.30 constitute a 'dip' - for example?

I definitely think a technical analysis class for stocks and futures held at OSK HQ would be widely welcomed and well attended by many - especially on here. I would sign up like a shot.

DB
Oh: P.S. I don't do contra.

This post has been edited by David_Brent: Jul 30 2009, 12:46 AM

DB,

IT's all about buying when there's a panic selling, such as today when shanghai crashed. That was a good opportunity to daytrade some high volume stocks. For Tanjong, it's all about your timeframe, how long do you want to hold and do you feel comfortable buying at that PRICE?

Here are some tips that might help to identify a dip.

Contra play requires a very capable technical ability to identify short term oversold base on the timeframe you are using. Since contra is T+4 for some, it is highly advisable to only purchase stocks when 4 hr chart is oversold, with possible candlestick (inverted hammer, hammer, doji, piercing engulfing) Please use 2 technical indicators the most with moving averages as support and resistance.

IF you are a pure chartist, support and resistance or (SR) and trendline are useful to identify possible entry and EXIT points.

IF i do hold a class, i will explain this in further details.

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Added on July 30, 2009, 12:52 amDB, if you don't do contra, please focus on the weekly and daily chart patterns, or technical indicators.

This post has been edited by AdamG1981: Jul 30 2009, 12:52 AM