Since China led the sell off.. MSPORTS tomorrow will get pummeled again

Hehehehe. Time to wait for another opportunity to LONG.
Are you SHORTING tomorrow? I'm scared of shorting la.

The best time to short was actually last week when it was its sugar high.
Tomorrow, market is already expected down... this is the time to cover some position.

MSports - dead cat walking.
Biggest loser in my portfolio in term of percentage!

I'm pretty sure some of the CI counters will be "saved" tomorrow.

Lesson to be learned: Never buy IPO

No, that's not true. Buy IPO for the company that you know will definitely..
Like Baidu, China State Construction., etc..

MSPORTS? Who are they really? Just another company selling cheap shoes..
Esp sports shoes.. how many pairs of shoes one need?
If only you can short this sucker..

Well I sold mine at a loss of 1K

U plan to keep this "Fugly" until when?

I wish KLSE down 20points tomolo, shet....oil price up, salary value goes down. Thank you "bolehland".....

Oh no..Marvel Entertainment gone to the dust by selling out to Disney.
Iron Man and Mickey Mouse on same team

Exactly.
I remember about 5 years ago when REDTONE IPO'ed at 0.95.

Over-subscribed about 82 times - IIRC.
REDTONE stock went to 1.65 a few days later.

I know very well the goreng-artists behind this stock at the time and of course their 'Business Model' and 'projections' were pure fantasy and anyone who knew the company and its management and reading the figures they published would not touch the stock with a barge-pole.

I remember being at a dinner with the REDTONE 'Promoters' and they were all crowing and laughing: "We have made 22 millionaires today" (small potato stuff).

What an obnoxious bunch of charlatans they were.

Now the share price is 0.2x and the company is going nowhere and a lot of NUMPTIES lost their money.

Lots of stories like this one, I think.

DISTECH is another one. 0.35 to about 0.12 now. What a dog company! They did the same thing - all invention so the banks can get their money back and off-load the trash onto retail investors who believe the hype.

Of course - the IBs don't give a **** because about half the IPO cash raised by these peanut companies goes to them in "professional fees", commissions and 'private arrangements'.

That's what most IPOs are about IMHO.

<Just my opinion - sorry if anyone got these counters>

This post has been edited by David_Brent: Sep 1 2009, 01:24 AM

China SSE... on the way to meet 200MA or lower.
Steep man.. really steep.

This post has been edited by danmooncake: Sep 1 2009, 01:32 AM

Luckily the markets take absolutely no notice whatsoever of China SSE which is little better than a Cheena Pat Casino peopled by those who make their investment decisions based upon Feng Shui charts.

And cheap credit which is now being restricted by the PTB.

This post has been edited by David_Brent: Sep 1 2009, 01:36 AM

NYSE closing update:

Dow 9495.28 -47.92 -0.50%
Nasdaq 2009.06 -19.71 -0.81%
S&P 1020.62 -8.31 -0.81%

Not bad.. but I guess the bit of pullback is a start.

China caught the big cold yesterday, Wall Street just caught a bit of wisp of that but no big deal here.
If China really get the flu, it won't be long Wall Street will get it as it may not be decoupled from it for long.

Oil stocks took a hit today.. below $70 (-4%). With September in place now, I would expect the pullback will definitely happen in energy related stocks as we get into Autumn.

This post has been edited by danmooncake: Sep 1 2009, 04:27 AM

come back after a short holiday how is everybody?

yesterday global market falling, today panic selling

hi Protonw, is OSKVI already in your account? Mine still not in yet...

Rambutan makcik is opening store today. wow raining still buka kedai

TAS = MSports? -0.045 now.

Reminds me of Msports, now 56c now this Fugly (Msports)

Volume so low. Happy RED month.

My STI is either green or yellow as of now...
CI red red red!!!

i overheard that there is a long holidays (almost a week) in china (SSEC), starting from early of september. is there such a thing? googled but couldnt find much info.