checking in!

wow, hmm..

looks like this is gonna take awhile. i'm gonna switch my attention away from KLCI for the time being and focus on other markets

gonna check back time to time, and good luck to everyone trading! make some monayyyyyyyy

i'm having fun trading virtual forex and CFDs
stockwise, FTSE for now

KLCI all in deep freeze, relook in late oct/early november hehehe.

hehehe, takes some boredom off looking at data.
sigh, looks like today is a sad boring day also, time to go back to seleep! 2am here.

good luck to you debbie! and pre-congrats on the 2k posts haha.

no lah. not at all.

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Added on October 2, 2009, 9:09 amwait. is it a system glitch?

GPACKET-WA is up 3800%, yesterday close at 0.005, today open at 0.195.

???????

This post has been edited by teehk_tee: Oct 2 2009, 09:09 AM

ok nvm, have a nice day everyboday! HSI might go down to 20300.

hmmm.. looks like today had a late afternoon rally.

geee
there's quite a lot of politicking around here because the election's just around the corner, i think sometime in May '10.

but right now forex seems to be way more interesting than equity markets.

definitely

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Added on October 5, 2009, 8:34 pmseriously? when i logged in to HLe they showed +4.xx points.

This post has been edited by teehk_tee: Oct 5 2009, 08:34 PM

yeah, but my component stock YTL is rubbishy. maybe only certain component stocks are buy-able.

ahhhhahaha yes, long the commodity currencies, CAD if oil goes up, yen in long term. but that's OT good news indddeeeeddd for KNM. now if only they do something to reduce their operational gearing ratio instead of getting new contracts. that'll really make me happy.

wow, looks like someone's gonna get screwed over really badly.

oil's probably gonna trade rangebound until end of the year i suppose.

probably just a minor rally because of the surprise rate hike from Reserve Bank of Australia. i'm looking at a possible 10% correction since the S&P is somewhere 5% below its Sept high at the moment. probably nothing more than that.

nampaknya tomorrow can experience feel good effect from overseas. +10 points?

when the unemployment figures came out friday. markets across the world fell. it rose today because of RBA's rate hike. judging from previous experiences, it'll soon fall on some other bleak macroeconomic data.

sell into strength!

no. not at all. not until there is speculation that the Fed / Treasury will support the currency. in the mean time just short all you want and watch the unwinding of the carry trade!

This post has been edited by teehk_tee: Oct 7 2009, 12:08 AM

btw, just for the record. i totally agree 1000% with what cherroy has said above. that's the mod for you!!

yeah, that sounds about right. haha.

US Federal Reserve, and US Treasury Dept.

just to illustrate how badly things went south for USD in a matter of hours after the RBA announcement.

I had an open long position on EUR/USD about 6 hours before the announcement was made. running profit: -6k.

8 hours after RBA made a hike. my position ran a profit of +22k.

disclosure: they're entirely virtual of course.

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Added on October 7, 2009, 12:21 amcrap, i went OT.
of course naturally a fall in currency would traditionally mean that equity markets would rise.

but then again, this 2 months i've seen some nerve-wracking situations when all commodities, crude, equity and USD were moving in tandem. really freaky stuff.

This post has been edited by teehk_tee: Oct 7 2009, 12:21 AM

yeahhh i haven't been able to exit it at all. so now i've kept all of it in the freezer to open up for Christmas.

i was gonna put next CNY first, but decided opening it for Christmas would be a nice thing also

hehe, i'm confident KNM will reach a steady level of 85sen in no time. it's still a good company after all.

depends entirely on the state of the economy. right now it'd be more beneficial to the states to have a lower exchange rate, exports are cheaper, imports are more expensive (so Ford gets an advantage over Toyota), their bond value depreciates, and lots more. immediate downside risk would be ballooning inflation rates which right now.. aren't taking effect yet. so until that happens, then rates gotta go up. but take note of this.

when the RBA was rumoured to raise rates last week. AUD/USD (Oz against the greenback) plummeted. when the RBA Governor said no rate hikes, the AUD recovered. when it gave everyone a big surprise today, the USD plummeted. a little odd right?

raising rates for the US now, won't bring cheer to the equity markets for sure. the moment the feds bring it up to 0.5% or 0.75%, be prepared to see the S&P take a 100 point dive.

economics my dear otherwise just reading the business section itself can do you wonders.
edit: wow art bckground, u got my respect!

This post has been edited by teehk_tee: Oct 7 2009, 12:52 AM

wah don't be too hard on yourself! you can do it!
tbh, LYN did a lot for me also. but i'm exploring other fields of finance/economics to understand more about the state of the economy after realising (after 2 months ) that the stock market itself isn't giving a clear picture.

forex made the picture much much clearer. hopefully derivatives can make it EVEN clearer