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 Stock Market V49, MARKET REBORN LIKE A TIGER ROAR !!!

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David_Brent
post Feb 10 2010, 02:55 PM

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QUOTE(chyaw @ Feb 10 2010, 02:50 PM)
You forgot already meh? After I bought something, usually the price will sink... So, you guys normally get better discount and sell higher price than me...  sad.gif
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Please tell us if/when you plan to sell your SUPERMX so we can get in before the price sky-rockets (again)..... drool.gif brows.gif
David_Brent
post Feb 10 2010, 03:08 PM

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QUOTE(lklatmy @ Feb 10 2010, 03:00 PM)
You have to add in the cost of the rights issue,viz 400 shares at 50 sen.
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Yes! Indeed. Thanks... notworthy.gif
David_Brent
post Feb 10 2010, 03:14 PM

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QUOTE(SKY 1809 @ Feb 10 2010, 03:12 PM)
OSK is working hand in hand with XDL MD  to fool the small investors.

They are the ones who wrote a special report  ( good div and so ) before pushing this stock.
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Nah! They wouldn't do that, would they?? laugh.gif

Wish they'd focus on their own stock price instead of other people's...... hmm.gif

This post has been edited by David_Brent: Feb 10 2010, 03:15 PM
David_Brent
post Feb 10 2010, 03:35 PM

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QUOTE(Zack Styler @ Feb 10 2010, 03:26 PM)
Just talked to my remisier, he mentioned stocks to accumulate for long term are Maybank, Dialog and SAAG..

Any comments guys?  biggrin.gif
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You sure you weren't talking to my Indian barber in Lucky Garden?? laugh.gif
David_Brent
post Feb 10 2010, 05:19 PM

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QUOTE(chyaw @ Feb 10 2010, 05:05 PM)
Most likely... DJ futures now red red... Greece union making noise pulak.  doh.gif  sometimes feel like other Europe countries should not save Greece...
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I'm afraid what awaits the markets from the southern European countries problems will make the Lehman debacle look like a walk in the park. The Greek government will lose control of the country pretty soon and the Greeks will not accept the "austerity measures" that the Germans and the ECB are demanding.

All the tax inspectors are on strike at the moment. Where are they going to get any revenues from?? hmm.gif
David_Brent
post Feb 10 2010, 05:21 PM

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QUOTE(cherroy @ Feb 10 2010, 05:17 PM)
This issue had been mentioned since the first day Euro being formed, this is disadvantage of having single currency. For eg, if Germany inflation is problematic, so need to raise interest rate, but at the other side countries, economy is so poor with high unemployment, then how to tackle this situation? There is no easy solution for this kind of problem.
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There could be a two-tier Europe or a total collapse of the Euro IMHO.
David_Brent
post Feb 10 2010, 05:50 PM

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QUOTE(AdamG1981 @ Feb 10 2010, 05:31 PM)
More clues than EuroZone will blanket the peripheral countries

Portugal Plans to Sell 3 Billion Euros of 10-Year Bonds 2010-02-10 09:23:54.50 GMT
By Caroline Hyde
    Feb. 10 (Bloomberg) -- Portugal plans to sell 3 billion euros of 10-year bonds, according to a banker involved in the transaction.
    The notes may be priced to yield 145 to 150 basis points more than the benchmark mid-swap rate.
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It will be interesting to see if anyone wants to buy them.

They had a tough enough time selling 300 million out of 500 million last time. Also: How much to insure the debt?

I understand there has beeen a huge flight of Asian and Chinese money from Club Med Euro-bonds, but you would know more about that than I. icon_rolleyes.gif
David_Brent
post Feb 11 2010, 10:28 AM

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QUOTE(Mikiyo @ Feb 11 2010, 10:12 AM)
reporting in guys! hows trading today? Anybody looking to WEIDA? hmm..im queueing at 0.675 now..hoping to hit smile.gif
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I am holding WEIDA....think they may benefit from some of the dosh flowing into East Malaysia... icon_idea.gif

Although I am still trying to get my divvy cheque out of them from last November...... shocking.gif

This post has been edited by David_Brent: Feb 11 2010, 10:29 AM
David_Brent
post Feb 11 2010, 10:44 AM

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QUOTE(Mikiyo @ Feb 11 2010, 10:34 AM)
My friend's dad was looking to their financial report.. and this share had been giving a steady 4 cent dividend for the past few years. The dividend yield is pretty good as well biggrin.gif


Added on February 11, 2010, 10:35 am

what price did u buy ure weida? im thinking of collecting at least 100 lots of it
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I bought it to hold for the divvy but their divvy cheque got returned by the bank and I'm still working with their treasury department to get another cheque re-issued to replace it..... shakehead.gif
David_Brent
post Feb 11 2010, 10:51 AM

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QUOTE(panasonic88 @ Feb 11 2010, 10:45 AM)
Weida 4 senx divvy payment date was 25 Nov 2009 eh.

now already Feb 2010, 3 months liao, something amiss leh!
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Yeah - I know...... hmm.gif
Returned the unpaid cheque to them in December and since then a succession of stories about problems with the share registrar in KL and then the classic "the cheque is in the post" (January 17th it was supposed to go out). Then still no cheque. Then this week the story was the bank was checking to see if the cheque had been cashed. Then they will cancel the "lost" cheque. Then they will send the cheque to Weida's treasury department. Then the treasury will bank in direct to my account.... blah-di-blah-di-blah...... rclxub.gif

What else to do??? hmm.gif
David_Brent
post Feb 11 2010, 08:58 PM

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QUOTE(VyvernS @ Feb 11 2010, 08:48 PM)
Hi Adam. smile.gif

Not really waiting for it, but would really be interested to know how they will package it.
So now, if they aid Greece, would they put in clauses for future aids, some indication they may help Portugal, Spain or Ireland or any other Euro nations having huge deficits?
This will help calm the jitters in the market, but in doing so may make aid-needing nations complacent and not really wanting to find ways of digging themselves out of the debt hole.
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I worry that because the EU structure is not like the US and the ECB is not the FED whatever they say will be a political fudge not an economic solution and will have no credibility. There is no way 18 countries can act as one. This is the weakness of the EU as will be demonstrated in this crisis...... hmm.gif

We will see at 16.45 CET today what shambolic proposals they cobble together and then we shall see if the markets believe these discredited politicians or not.
David_Brent
post Feb 11 2010, 09:17 PM

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QUOTE(VyvernS @ Feb 11 2010, 09:08 PM)
There seems to be no proactive actions to head this off. Its just like they sat down and waited for it to happen, knowing full well at some point they may face this issue. Just like Sub Prime Mortgage Crisis.
I think some of the more powerful Central Banks in the world need some new people... tongue.gif
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Absolutely correct.

Anyone with half a brain could see more than 18 months ago that this toxic debt crisis/credit crunch (call it what you will) was going to go:
CONSUMER -> COMPANIES -> BANKS -> BOND MARKETS -> SOVEREIGN DEBT

Things have been patched up along the way but the buck stops at national governments/CB's.

The problem with the EU is that it is a "one size fits all" model and it plain don't work - as we will witness in 2010. hmm.gif

The other interesting fact is that in the 1929/33 Crisis it was debt default by Austria that caused the maximum damage when their system collapsed in 1931. shocking.gif

Who says history doesn't repeat itself..... icon_rolleyes.gif
David_Brent
post Feb 12 2010, 01:41 AM

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"Nero fiddled whilst Rome burned".....

These discusions are a bit like trying to decide how to rearrange the deck-chairs on the Titanic.... hmm.gif
David_Brent
post Feb 12 2010, 02:02 AM

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QUOTE(SeanST @ Feb 12 2010, 01:50 AM)
I think he's dreaming now... biggrin.gif
Anyway i found this article by Alex Lu, a remisier.
He talked about selling mother share and buy again with OR.
But he didn't mention on after selling mother, do we still hold the OR.
That's my confusion comes. In case after selling the mother share, will still have OR, i think best to do is to Sell the mother now, and convert the OR with just RM1.6+RM0.135 = RM1.735 something like that... cheaper than current market price RM1.92 lor... instant profit

Thursday, February 11, 2010
MAS- arbitraging opportunity
MAS is in the midst of completing a 1-for-1 Rights Issue at RM1.60 each. The ex-date of the Rights Issue was Feb 8, but the share price began to weaken ever since the Rights Issue was first announced on Dec 22. In early January, I had posted that MAS has broken the psychological RM3.00 level as well as the horizontal support of RM2.90 (go here).

Today is the start of trading of MAS-OR, the Rights entitlement. An investor who buys 1000 MAS-OR would be entitled to subscribe for 1000 MAS shares at RM1.60 each. We have seen heavy selling of MAS-OR in the market, prompted by existing shareholders' decision not to apply for their allotted entitlement under the Rights Issue. This may present an attractive opportunity for arbitraging profit for the existing shareholders, who can sell their shares in MAS at the present price of RM1.92 and then acquire back the same share via MAS-OR (presently trading at RM0.14 each) & then subscribing for the Rights Issue share at an all-in cost of RM1.74. Those who want to gain entry into MAS, may choose the cheaper route of buying the MAS-OR & then subscribing for the Rights Issue share, instead of buying the share directly from the market.

Chartwise, we can see that MAS has broken below its recent uptrend line,S1-S1 at RM2.40 and is hanging stubbornly at the horizontal support at RM1.90-2.00.
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Wah!

Cut and Paste!

Thanks for the contribution...... whistling.gif

Most people already read this afternoon I think. icon_rolleyes.gif

This post has been edited by David_Brent: Feb 12 2010, 02:06 AM
David_Brent
post Feb 12 2010, 02:31 AM

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QUOTE(AdamG1981 @ Feb 12 2010, 12:16 AM)
Euro zone stopped short of aid measures for Greece.

Merkel is singing Pink's Funhouse. biggrin.gif

This used to be a funhouse
But now it's full of evil clowns
It's time to start the countdown
I'm gonna burn it down down down
I'm gonna burn it down
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I think this is what you are referring to:

"EU nations offered no firm financial support for Greece and leaders deferred the issue until March, saying they would seek advice from the International Monetary Fund for an assessment of Greece's situation."

They were always going to side-step this as they will with the rest of the problem economies....


David_Brent
post Feb 12 2010, 10:34 AM

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QUOTE(protonw @ Feb 12 2010, 10:32 AM)
Yup, I am holding waseong.... icon_rolleyes.gif
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Me too.
Disposed SAPCRES and kept WASEONG.
David_Brent
post Feb 12 2010, 10:49 AM

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QUOTE(sharesa @ Feb 12 2010, 10:43 AM)
ME is Sapcres fan. Though sold some, still keep some.
Sapcres was behind Waseong past few years, but already caught up  with the price and could be doing better in future with their aggresive plans.

Don't take my words.

Hoping a divvy in early March.
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I am planning to re-enter SAPCRES if and when the market tanks.... brows.gif

On another matter, does anyone think we should be worried about this new Basel rules thingie on Tier 1 capital for banks?? Most Malaysian banks are under-captalised under the new rules I believe.

Just worry they are going to come to the market soon with RI's or raise more capital another way thus affecting the share price. hmm.gif

This post has been edited by David_Brent: Feb 12 2010, 10:50 AM
David_Brent
post Feb 12 2010, 10:58 AM

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QUOTE(sharesa @ Feb 12 2010, 10:52 AM)
David is already prepared in a bullet vest with machine guns and tons of bullets?! brows.gif  laugh.gif
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Well, I must admit I have been building a "Vulture Fund" to pick over the dead bodies of quality counters if the market does slide dramatically as some think it may..... drool.gif
David_Brent
post Feb 12 2010, 11:29 AM

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QUOTE(chyaw @ Feb 12 2010, 11:22 AM)
hi guys! I'm now in golden lounge at Kuching airport. Waiting for my flight... yawn.gif
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Have a wonderful New Year holiday!
David_Brent
post Feb 12 2010, 03:57 PM

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QUOTE(AdamG1981 @ Feb 12 2010, 03:38 PM)
My next purchase: Scomi
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Will it be this year??

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