The energy sector is not participating in this rally. That means we're already at the top.
Too much oil floating around, no demand at all. The oil companies have to spend
more money to buy storage to store them for future use and will continue to lose money this way.

When the Dow pulls back later, energy will fall. Very good for shorts to make money here.

old hand lie low because all money in jor. Waiting for economy recovery then sell.
As for me, I think I wouldn't be trading for the next 2mths. My portfolio already completed. market up or down in short term most likely won't trigger me to buy/sell. cross finger

You sure or not...later c c ...play warrant again

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Added on August 7, 2009, 11:37 pmNo one consume oil because everyone buying stocks

This post has been edited by jasontoh: Aug 7 2009, 11:37 PM

Exactly!
I am amazed at the number of people who still think that a rise in the CO price still correlates to a stock like KNM going up.
Some surprising posts on here have tried to claim that KNM or one of the others is going to move dependent on dollar weakness/CO price movements.

At best it's irresponsible - at worst, it's deception IMHO

Even if it is a bull trap, any overshoot market can last up to months time before realistic/wake up call kicking in. The gov stimulus money effect can last for months that can hold the market and businesses out there.

The major worry is not in US anymore, focus is shifting to potential China asset bubble.

Market is always undershoot and overshoot on both way.

We undershoot at March, now just a reversed trend only. Previously panic selling, now become panic buying from fund managers as it market rally they drop out, say bye bye to their job or bonuses.

Over the long term, crowded trade is always at the wrong side one. The more people bought or comment on something, the higher chance it is the opposite. Just like when oil was at USD140, all people said it is heading to USD200, nobody even say it will go back to USD70.

So if current market, there are more people pessimistic about the market then higher chance the bull still can go on.
But if current market, there are more people optimistic then higher chance bear is lurking around.

If S&P 500 company EPS drop 30%, then stock market should drop 30% as well. So if previously S&P500 is 1,500, drop 30%, then it is about 1,000, which is current market is trading, seem logical.

Stock price should always go hand in hand with EPS figure.

I don't deny market is hugely overbought and overbought again. But Asian market seems like not following the US market tightly anymore because of concern over-run on short term.

My own goal is to try to polish my portfolio, stop trading and get rid of some of the dross before settling in to watch the fireworks from the comfort of my nuclear bunker....

Even if I want to buy also no cash liao. Not thinking of swapping portfolio jor as I like my existing holdings.
2 missing warrants in my list are Bursa-CL and Fajar-WA...

Excellent post from someone whose views I respect.

I agree that in Malaysia the party may go on a bit longer because of Mr. Najib's efforts and all the cash sloshing around looking for a home. Also, the fund managers can't afford to side-line for ever otherwise they (too) will be staring unemployment in the face.

No to say I am optimistic, but one key question remains to reflect the current situation, why cash out and take the money off the table? To keep in FD with zero interest rate? That's the primary reason and situation we are facing now.

You own some good fundamental stock, even they are paying you 3-4% dividend yield, there is no reason for people to cash out unless we see deteoriation in fundamental and economy.

Because money - of any kind - may actually cease to exist as we understand it today.

You have a point over here. But if the price shoot up to 200-300%, are you still keeping for the div? Do advice me

This issue is off the table at current situation, this issue may sound potential if posted on last year end or beginning of the year.

This is OT as well currently.

Axreit shoot 80% from the low, but I don't intend to sell as well, because even at 1.80, it still is a 7-8% yield, so sell it and keep it FD for 2.0-2.5%? Very hard decision to make.

I am not saying which way is a right way or decision to make. Just we can't say the stock has risen 200-300% then it is too expensive to hold already.

Citi drop from 50 to 1.00. But now it is 4.00, shoot up 300% so sell now or not? If after 3-5 years it may go to 7-10, then any selling is seem not wise, or it may not recover at all. Nobody knows, so only clue we can get is company earning.

I made major mistake for short sighter (after posted in BAT thread revived my memory), by selling BAT (Rothmans) which I bought at 18.50 after it surged to 25 or so. Now look back it is a stupid decision because I taught it was rising a lot and make good profit already, so eager to take the profit.

Since then I only sell if I view the economy is going to deteoriate which affecting the company earning, or company earning shows poor result, or fundamental company is not supporting the share price at existing share price level.

I always compared with FD and other alternative investment tools, as you sell your stock, your cash need to park somewhere, right?

Above issue is not applicable for goreng stock, only fundamental good stock.

Just my preference and view, so that make investment life more simple, doesn't mean it is a good strategy though.

Yes, the fund managers now are all "Kiasu" as they say in Singapore.
They gotta buy something in their portfolio to fill in the blanks.

China growing asset is a huge bubble now. The pullback the past two days show how vulnerable
the bubble is. People are over-speculating how China can lift everyone out of the recession, buying
raw materials big time, factories firing up and making more toys now.

Come this December, they'll be in for big surprise - where are the buyers?

Tonight @ NYSE, they're pumping financials hard, even the p.o.s AIG and C are good as gold now.

But then again, our money alwiz stuck wif stocks already right? I tot of like this....expanding the portfolio, let it grow few times, then sell, try to buy lower.
One bad experience is that I sold a stocks 5x the capital, when that time it is giving me about >30% div based on my buy price, but sadly after I sell it, it flies double my selling price and giving about 100% div yield, if I'm still keeping it

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Added on August 8, 2009, 12:31 amAre you holding any stocks or 100% cash now?

This post has been edited by jasontoh: Aug 8 2009, 12:31 AM

I've exited all my shorts and let my long ride for now.

The Bulls are in charge. Have to let them play in the la la land for now.
Bears are preparing WMD in the bunker.

This post has been edited by danmooncake: Aug 8 2009, 12:41 AM

Mind to share which stock was it? So that all of us can analyse and learn together

grandpa, go and open a futures account la
then i have one more futures kaki

Dow Jones 9,370 +114 +1.23%
Nasdaq 2,000 +27 1.37%
S&P 500 1,010 +13 1.34%
Gold 960 -3 -0.35%
Oil 70.74 -1.01 -1.41%

S&P 500, Dow industrials close at new '09 highs
U.S. stocks rallied to fresh highs of the year on Friday, taking wing on the latest sign of a turnaround in the U.S. economy after the Labor Department said monthly job losses had slowed
Citi headed for first close above $4 since April, but closed at $3.85 +0.05 or 1.3%, highest $4.19
Payrolls fall less in July, jobless rate eases
Obama: May be seeing beginning of recession's end
AIG shares jump after posting profit
RBS posts loss, warns of tough years ahead

sources taken from marketwatch and reuters sorry DMC...

Feel free to post.. I'm too upset at the market now.
I'm going to pray for big black swan next week.

Have a good week end y'all.

You mean the one I sold off?