15 cents? 10 cents? 5 cents?

The lower the stock plunged into the lower range, the harder the stock can revive because if the company fundamental is sound, the stock won't plunge to that level in the first place. Only when company fundamental deteoriate severely, only you can see it down to 10 cents, by then it might not a good 'bet' or target for investment anymore.

Lower price doesn't mean good for buying for investment.

If a stock now is 0.17 cents, we can't view drop to 10 cents is good for entry as when it drops to 10 cents, situation is indifferent than now ie. its fundemental deteoriate further.

Tonight is the monthly (sept) job data, which shows how much job being created/loss and unemployment rate.

Yesterday is the weekly jobless claim number.

The reason why market turn bearish lately is because of double dip risk become higher now.

Chicago PMI show a drop after continously recovering figure, ISM manufacturing yesterday also the same, drop back after going up for several month. So if tonight job data shows decline figure compared to previous month, it just confirms the recovering is stalling and potential to slip back.

Consensus is around job loss 200K and unemployment rate of 9.8~10%

Action is always better than word, that's why no matter why if directors + major shareholders are disposing, it 99% of the time sending out some message.

This is indeed true, at my area, factories and company are struggling to hire back people to meet the sudden rise in orders. They are having not enough people to produce.

You can't blame the brutal cut back early in the year, as there is almost no order or little order across and price of goods are tumbling fast, even my company's one of raw material, price tumbling near 50% over 3-4 months time, imagine those stock up a lot one, surely suffering.

You don't cut your expenses, you might not survive if there is no huge stimulus package to stimulate the economy. Company need to act quick whenever situation change. Company might earn less due to unable to meet the demand, but if company doesn't react in the first place to cut, if situation doesn't turn better, without the cut, company might not able to survive in the first place.

Yup, this is what happening now, increase productivity and squeeze out more from existing left workforce.
For shareholders POV, this is good thing.

Economy, stock market, company is not charity game, always must react quick for survival.

After all, it is not totally bad thing. Every event happening has its good face as well. Just like if not the 1997 Asian crisis and its lesson, Asian countries won't be that resilience to face the current global crisis.

But for broader and longer term sense, it is not that good, without more people being employed, you don't increase the demand as no job, no money to buy new toy. There is limit how much you can cost cutting and productivity increment, you always need increment in sales to bring the profit to a new higher level. Without more job being created, the sales prospect won't be that good.

Soon or later, consumers will recover, it is matter of time.

But stock market could go ahead too far by itself by expecting a steep V-shape recovery.

Personally view, recession will go away, but recovery process and return to normal health of growth take time. Just like you said, the patient has been kept alive, need time for nursing, we can't expect the patient to go for 100m race next month.

It could take 1-3 years time before everything passed.

I don't believe after 1st year of anniversary of financial crisis, we are talking like nothing happen and bull charging non-stop.

From March low to now of stock price surge or bull run, I still view it is a correction of panic selling and undershooting of the market, which after things calm down, stock market react to what its real fundamental should be, that's why we see some stocks that shouldn't beaten down surge 50% or more as previously panic and pesimisticsm is overly done or excessive, while for some stocks, they are not recovering as they are the one really hit by the crisis. So it is a selection or elimation process.

Title need to change a bit it.

Good news to BDI is something like
BDI is increasing right now, and show trend of upwards, not 'expected' to increase.

More likely monkey business at last minute, remember the 17 was done after TCP, in ordinary trade session, it still not moving at all.


Can ar?

If can next time, we bought too high time, also request to cancel contract due to error then.

If cancellation is allowed, it will have lot of implicaiton in the future.

It is a reminder for us too that whenever key in the order, double check the order entry.

That's why investment banks still not allow direct order or routing to the KLSE trading server. All are re-route to the investment banks first before sending out.

But on the KLK issue is that, it is done after the TCP, mean that the order was keyed-in in TCP determination period of 5 minutes, which if key in wrongly, still have 5 minutes or until 4.50pm to rectify or cancel the order.
If not you won't have the TCP of 17.00.

Also the total order is 1632 lot which is not an ordinary order by retailers as well.

Got lah,
Today up 10 point which largely due to KLK surge to 17.00, so drop back to 14.00 will reduce CI a couple of points.

AUD jump straight line up after the news.

One expression from me.

LOL, cannot Q then where is the Q come from in the first place.

Yes, keep on sliding.

Got 9 cents dividend. Edited should be 10 cents, my mistake.

I won't put too much weight on it either, may buy some only.

Some doesn't update themselves (frankly speaking quite a lot as well, no offence, surely not all, some are really very professional) , and never learn to use new toy around.

Ask and learn as always. Clients sometimes can know more than remisier as well, just like student can have better knowledge in certain area than the teacher.

I remembered, last time when online trading starts time, (my experience) one remisier said it is risky, always hang lah, blar blar some lame excuse, doesn't want let his client to open the online account, instead tell to use back the old method of phone order.

Having said that, some remisiers are really professional as well. The one I like (mine), whenever call, seldom phone ring twice before phone being picked up, eventhough he is busy, still pick up and tell me onhold, somemore if during that period I trade more often, don't need to tell my name as well.

This post has been edited by cherroy: Oct 6 2009, 03:23 PM

Normally media won't report the full name, but this kind of issue generally will spread quite quickly within the industry, so can ask Iklatmy for it.

Oppss I taught l is capital I. My bad.

Once full, longkang being digged deeper to accomodate more.

Yup, there are massive liquidity around that pump into the economy, which the money must put at somewhere.

Stock market short term trend is about expectation from investors, or near term outlook, if investors think things will get better (recovery, as you couldn't possible worst than early of the year), the only way to go is up.
With Aussia interest rate hiking today even at 0.25%. Market is cheering because investors view, economy is turning better, even though it is not related to US market at all. How funny it is, right?

But soon or later, reality or final result (corporate profit) will come in which determine whether the stock market get it right (economy did improve and start growing again) or stock market get ahead itself.

I would say plantation stocks locally are getting ahead on themselves, because with CPO price has not yet recovered or gone up a lot, it is hard to see how plantation company profit will increase dramatically with CPO price hovering around 2K. Yes, they are still able to register some healthy profit level, but for PER ratio, based on 2K price, it is not cheap.
That's why we see lot of plantation stocks price are stalling right now, even though DJ up 200 points or overseas market is going a lot, which resulted little movement in KLCI (as plantation take about 1/3 of the KLCI.

With USD keep on sliding like no tomorrow, if continue like this, soon or later, we might have another new problem. It could be tricky. As if USD keep on sliding, it just means spending power of US consumer become weaker, which globally relied heavily on US consumer spending for export one, as well as future potential inflation problem.

AUD is approaching near to its previous crisis high of around 0.92 (now 0.89).