CI down only 0.39 ....crashed ?

If it were to down 100pts... then can call crashed.

Future traders very innovative nowaday.

This post has been edited by SKY 1809: Aug 5 2009, 04:59 PM

Look like some funds are collecting Pelikan.

If cannot go down, sooner or later has to go up.

Congratulation.

Must be a couple of few hundred k

Seven or eight IPO coming the way.

Sign of confidence is returning to the market.

Up to MOD to decide. I am a nobody here.

Better than expected Export figures.

Malaysia's June exports down 22.6%

PETALING JAYA: Malaysia’s June exports of RM45.1bil, which was the highest monthly export value registered this year, was 22.6% down year-on-year, according to the International Trade and Industry Ministry. This was lower than the median forecast of 25% from Bloomberg’s survey of 17 economists.

Imports dropped 20.8% to RM35.99bil while trade surplus stood at RM9.12bil. Total trade declined 21.8% to RM81.09bil in June versus a year ago.

Month-on-month, exports increased 5.1% due to higher manufactured exports such as electrical and electronic (E&E) products, machinery, appliances and parts, while imports rose 9.4%.

The country’s major exports in June included E&E products valued at RM18.59bil or 41.2% of total exports, palm oil worth RM3.65bil or 8.1% and chemicals and chemical products of RM2.8bil or 6.2%.

During the first six months of the year, exports decreased 23.4% to RM250.53bil compared with the same period last year while imports were lower by 26.3% to RM191.3bil.

Even President Obama admits that Employment situation would take a long time to recover even if the economy recovers.

Certainly good if the number is getting smaller.

I see it as U turn.

You are a very confused person.



This post has been edited by SKY 1809: Aug 5 2009, 10:10 PM

It does not mean all stocks would fall . Just CI only.

Investing in stocks are diff from investing in Index.

We cannot sell or buy a stock everyday.

This post has been edited by SKY 1809: Aug 5 2009, 10:26 PM

Exactly.

Can you invest long term, on minute to minute basis ?

The other way is to sell some of your stocks when they are crossing the fair value or over value , or dividends are not attractive anymore.

There are many other ways, just to give you one or two.

Dow up for so many days or weeks ,just needs some excuse to correct, it is a norm.

This post has been edited by SKY 1809: Aug 5 2009, 10:32 PM

NEW YORK, Aug 6 — Shares of battered financial companies including insurer American International Group Inc and lender CIT Group soared yesterday, as investors rushed to buy shares to cover short positions in the companies.

AIG shares closed up 62.7 per cent on the New York Stock Exchange, ahead of its quarterly earnings report due tomorrow and as a new chief executive prepares to take up his position on Monday.

CIT shares climbed as much as 55 per cent to an intraday high of US$1.56 from a close of US$1.01 on Tuesday. The lender to small and medium-sized companies has been battling losses and recently secured a loan facility from bondholders. The stock closed at US$1.39.

"It seems like the short sellers were hoping that these financial institutions would show some signs of insolvency," said Joseph Cusick, senior market analyst at online brokerage optionsXpress in Chicago.

"Over the last couple of days we have seen money flow into these stocks because of the perception of their cheap valuation ... now we are seeing shorts being squeezed and potentially covering their positions," he said.

Shares in mortgage finance companies Fannie Mae and Freddie Mac also climbed yesterday, Cusick noted. Fannie shares closed up 29.8 per cent at 74 cents, while Freddie shares were up 31 per cent at 80 cents.

Shares in Ambac Financial, another company that has been hurt by losses, soared to close up 34 per cent at US$1.22.

d*** Bove, a bank analyst with Rochdale Securities, said AIG and CIT Group were also benefiting from a growing appetite for risk.

"Money is now pouring into the junk bonds, the high grades, commercial paper and everything financial," Bove said.

The broader KBW Banks index rose 3.54 percent.

Shares in AIG rose as analysts forecast operating earnings could stabilise after five-straight quarterly losses. Analysts have predicted it could benefit from unrealised investment gains, partly reversing write-downs in earlier quarters.

There was also optimism surrounding appointment of new CEO Robert Benmosche, who next Monday will become the fourth person in the last 14 months to assume the insurer's leadership.

"With the potential of good news looming in AIG, investors who are short AIG are being forced to cover their positions today. That has created a short-covering rally," said William Lefkowitz, options strategist at brokerage firm vFinance Investments.

In all, option traders had exchanged about 380,000 contracts in AIG, five times the average daily volume, according to option analytics firm Trade Alert. The turnover was dominated by 228,000 calls, which grant investors the right to buy AIG shares at a fixed price and time.

AIG is seen on average reporting second-quarter operating earnings of US$1.31 a share, according to a Reuters poll of analysts. — Reuters

Ya, sold my Bursa CL switch to XQ

Short short short Future

Latexx up

Profit taking mah if you bought yesterday

I simply say only

Penny Stock