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 Stock Market V37: Return of the Bull, Part V, Bull vs. Bear

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David_Brent
post Aug 18 2009, 09:48 PM

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QUOTE(protonw @ Aug 18 2009, 09:46 PM)
Mega sale only valid for 1 or 2 trading day ONLY.  After that regretted and banging of not picking up what you want.  laugh.gif
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..and NO REFUND - NO RETURNS...! laugh.gif
David_Brent
post Aug 18 2009, 09:51 PM

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QUOTE(panasonic88 @ Aug 18 2009, 05:01 PM)
Damooncake is going to be dissapointed for not getting KNM tongue.gif

bravo, closed at 0.790!!
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I remember when it closed at 1.07 drool.gif


Added on August 18, 2009, 9:53 pm
QUOTE(danmooncake @ Aug 18 2009, 09:42 PM)
I also like energy stocks which made me a lot of money last 6 months but in the next 4-6 months, I'm bearish.
Energy stocks went too high and already peak. Oil price will come down lower, that means lower revenue for the OnG services area.  I'll buy them at lower price.  biggrin.gif
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Interesting point...
What would be your prediction on the WTI/Brent price on 31/12/09?

This post has been edited by David_Brent: Aug 18 2009, 09:53 PM
David_Brent
post Aug 18 2009, 10:12 PM

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QUOTE(teehk_tee @ Aug 18 2009, 09:56 PM)
WOW.

that is one beating it took.
it might retrace down to 14.30 before rebounding.

that stock's really volatile now.  brows.gif
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Wah!
Thanks, mate!
Is that what your charts tell you?
If it can really go down to low 14.xx I will stock up on it... hmm.gif

P.S. Do your charts have anything to say about Muhibah??
David_Brent
post Aug 18 2009, 10:16 PM

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QUOTE(espree @ Aug 18 2009, 10:13 PM)
David, did you buy rambutan at rm13?
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I bought at 12.80 and then at 13.20 and then at 13.80 and my last was at 14.20 IIRC....
David_Brent
post Aug 19 2009, 12:00 AM

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QUOTE(danmooncake @ Aug 18 2009, 11:45 PM)
Yes! Definitely a lot of good news!  biggrin.gif

a) Us Home Construction Fell 1 percent missed projection
b) Oil rises slightly above $67 after being pummelled yesterday, oil bulls want to give more back
despite bad fundalmentals, they want to overflow the market with oil. Expect to fall soon.
c) CIT group loss over 1.68 billion in 2Q - actual results.
d) HD, Target, beats lower target but missed high target big time. Year-to-Year lower target. Outlook is very very dark.
e) Unemployment continues to rise..definitely expected to reach double digits very soon.
f) Consumer sentiments in this back-to-school month continues to be diminishing, shoppers are very frugal and selective in buying.
g) Analyst predicts cash-for-clunkers will shock auto makers with surprise downside orders end of this year.
h) Uncle Sam continues to print money. The more debt they have, the happier they are.
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Awww.
Don't spoil peoples' fun..... flex.gif
David_Brent
post Aug 19 2009, 12:08 AM

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QUOTE(danmooncake @ Aug 19 2009, 12:04 AM)
There is one bad news:  sad.gif
http://www.businessinsider.com/the-secs-sh...proposal-2009-8
Another piece of govt BS rule trying to control free market.

But, Nasdaq chief already stated short-selling restrictions are useless:  biggrin.gif
http://www.businessinsider.com/nasdaq-chie...-useless-2009-6
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Interesting.

How would you summarise the economic justification for short-selling in the current market environment?
David_Brent
post Aug 19 2009, 12:18 AM

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QUOTE(danmooncake @ Aug 19 2009, 12:12 AM)
That's all the good news that I can give.. from my perspective anyway.  tongue.gif

On the last point. look at the cheap money that Uncle Sam is making and giving to the world:
user posted image

Even China continues to buy more and more US debt.. wonderful fantastic (toxic) assets.  Very smart..  tongue.gif
http://www.bloomberg.com/apps/news?pid=206...id=aniw65RjeNTk
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China is buying US Notes out of pure self-interest.
They have to keep Joe Public coming through the doors at Walmart to buy plastic tat to help their exports recover.


Added on August 19, 2009, 12:25 am
QUOTE(nujikabane @ Aug 19 2009, 12:13 AM)
Usually how does the market behave when a company declares rights issue?
Will the price drop or will it rise ?

A case in point, GPacket has recently declare  rights issue, but seeing from the response, I've seen the price continues to rise, it is as if the investors do want to take up the rights issue and have confident in the market. Can anyone elaborate?
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Cherroy - our esteemed Moderator - is the guy to ask on rights issues.

If you scroll back a few dozen pages you will see his posts on this earlier today...MULPHA I think he was talking about IIRC.

Some excellent insights IMHO

This post has been edited by David_Brent: Aug 19 2009, 12:25 AM
David_Brent
post Aug 19 2009, 12:39 AM

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QUOTE(zamans98 @ Aug 19 2009, 12:29 AM)
BUT CIT shares on UPTREND since AUG 1. How? From 0.79cts to now at 1.39. Losses and still positive?  rclxub.gif
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The losses were less bad than anticipated rclxm9.gif

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