Alamak, forced to buy Bursa Cl at 66sen, sold just now at 66sen

This post has been edited by SKY 1809: Aug 6 2009, 04:18 PM

Cross the line

Special Fund Set Up for GF ( unaudited ).

Ya, market crashed 0.39 , many people panic.

This post has been edited by SKY 1809: Aug 6 2009, 05:37 PM

I did Virtual future trading. Long yesterday and closed position today.

Made 10 pts

This post has been edited by SKY 1809: Aug 6 2009, 05:44 PM

Sad to hear that.

May luck always with you.

All the best to you.

---

Added on August 6, 2009, 5:56 pmMost dogs in hibernation.

Only the cats are moving.

This post has been edited by SKY 1809: Aug 6 2009, 05:56 PM

My forecast is 2000pts +- by 2010 Year End.

KUALA LUMPUR: Deutsche Bank forecasts Malaysia's economy this year to contract by slightly more than 2%, which is more optimistic than the government's estimation of a decline of between 4% and 5%.

The bank's chief economist Prof Dr Norbert Walter expected the Malaysian economy to recover and post a growth of 3% next year.

"We will see negative growth in 2009 but relatively robust recovery in 2010," he told a media briefing here today.

He said the economy, which contracted 6.2% in the first quarter (1Q) of this year, was mainly due to weak investments which had been falling 10% to 11% year-on-year for the past two quarters.

Walter said the recovery next year would also be in line with the Asian economies while a global recovery would be seen only by 2011. He added that Asian economies were generally in a better shape than the developed economies.

He said the country should focus on improving the investment environment.

However, Walter, who is also Deutsche Bank Research managing director, said investors preferred bigger markets like India and China rather than smaller countries such as Thailand or Malaysia.

"Malaysia, for a long time, has been standing out. But now, others are also growing and Malaysia must grow 'taller' to attract attention," he said.

On the recent liberalisation measures announced by Malaysia, he said internationally the term "liberalisation" was not a resounding success and that the term itself had lost its glamour.

"What is very important is that best talents and best professionals look into each and every detail and come up with tailor-made answers to the issues and much more efficient solutions to the regulation.

"So there should be more liberalisation as a general tendency, because a better division of labour at the end of the day will serve everybody," he said.

Walter said Malaysia's well-being was not based solely on domestic demand, as it needed outside markets to progress. He said the driving force of Malaysia's gross domestic product (GDP) growth next year would be the support from Asian countries, especially China and India.

Walter also suggested Malaysia diversify its investment in sectors other than oil and gas.

On renewable energy such biomass, he said the main focus should be on food instead of fuel.

"If you use biomass for energy input, biodiesel, for example, that could be use for food, you create a trade-off that is quite difficult because there are many more people to feed. If food is being burnt rather than use for food, then of course poor people are very negatively impacted."

On international cooperation concerning environmental issues, he said the Obama administration had taken the lead, unlike the previous administration. However, the question remains whether other countries were ready to cooperate.

"Europe lacks leadership, Japan is about to topple a government of the Liberal Democratic Party (LDP) that has governed the country for 60 years and we do not know what follows.

"I've also been talking to leading Asian politicians. After (Tun) Dr Mahathir Mohamad and Lee Kuan Yew are no longer active, the leadership of Asean has weakened," he said. He suggested a deeper integration of Asian countries.

On inflation, he forecast it to be below 2% next year. Walter said if the country adopted price controls, this would distort the market and damage the economic machine.

On the US dollar, he said: "Many claim that US dollar will appreciate since April, May but the market didn't listen to those guys. The dollar is weaker, not only against commodities countries but also British pound and the euro.

Walter also said over the last five years, countries had increased their US dollar-denominated financial assets to a total of US$5 trillion (RM17.5 trillion). He said many governments had amassed large amounts of US dollar assets including treasury bills and bonds, particularly Japan, China, Russia, Brazil and even India.

He said these governments were now looking to diversify away from the US dollar assets.

There are two Uncle Sam

1) Stock Blogger
2) USA or Government

that is why most people got burnt by warrants

Maybe Bursa Education Dept is sleeping

This post has been edited by SKY 1809: Aug 7 2009, 09:33 AM

Bursa orders sharks to goreng Bursa

in order to exchange for the rights to goreng other stocks

There is no business in shorting DOW stocks now.

So soon or later the funds are diverting to Bursa.

Could be pushing Axiata and Bursa right now.

This post has been edited by SKY 1809: Aug 7 2009, 10:48 AM

Your dog out of hibernation, and now back to hibernation again ?

KNM could be a sunset stock.

OSK might push it up a bit once their call warrants are out.

This post has been edited by SKY 1809: Aug 7 2009, 12:34 PM

Where have you been, BOSS ?

I think you are smart, into hibernation mode.

I am planning to be on hibernation mode soon.

This post has been edited by SKY 1809: Aug 7 2009, 12:55 PM

By luck only.

maybe time to look at some potential call warrants ( have to consider first whether mother shares have potential to move up or not ? )

This post has been edited by SKY 1809: Aug 7 2009, 01:45 PM

Congratulation. Top of the Table.

This post has been edited by SKY 1809: Aug 7 2009, 02:44 PM

Fly now