dropping like flies... something odd? 

Yesterday already give us warning with -56 points.   

Who said must be sad face, 70-80% of my futures play was/is always short one. 

The rumor about King Abdullah’s death was unsubstantiated by the Saudi authorities, but if true could add to the sense of tension in the markets as concerns over the transfer of power in the region’s largest oil producer are likely to make investors cautious given the recent geo-political tensions in the Middle East.

Vietnam devalues currency by 8.5 percent
By TRAN VAN MINH,Associated Press - 1 hour 18 minutes agoSendIM StoryPrint
HANOI, Vietnam – Vietnam devalued its currency Friday by 8.5 percent as the Communist-ruled country grapples with double-digit inflation and a widening trade deficit.

The State Bank of Vietnam said in a statement on its website that the U.S. dollar will buy 20,693 Vietnamese dong compared with the previous rate of 18,932 dong per dollar. The statement also said the bank has narrowed the band in which the dong can move from 3 percent to 1 percent.

Vietnam, one of the fastest-growing economies in Asia after China, has been struggling to keep its rapid expansion on a sustainable footing. Growth has averaged more than 7 percent annually over the past decade but last year the country's inflation rate hit 12 percent and the trade deficit stood at $12.4 billion.

Pham Chi Lan, a former government economic adviser, said the devaluation "is what needs to be done" even though it may hinder goals of curbing high inflation. A weaker dong would make imported goods more expensive, adding to price increases.

She said the authorities had held the dong at an artificially high level for too long, but warned other steps must be taken to overcome a growing trade deficit and high inflation.

"Curbing inflation depends on controlling state investment and the state-owned economic sector, which needs to improve efficiency," she said.

In December, Moody's Investor Services downgraded Vietnam's foreign currency bond rating to B1 from Ba3 and kept the outlook as negative, meaning it could cut the credit rating again.

The move came as the state-owned shipbuilding conglomerate Vinashin defaulted on its first repayment of principal due on a $600 million loan from a group of creditors led by Credit Suisse. The company nearly went bankrupt last year, drowning in $4.5 billion in debts, equivalent to 4.5 percent of the country's gross domestic product in 2009.

Friday's move was the fourth devaluation of the dong since November 2009. In the official market, the currency can now trade as weak as 20,900 dong per dollar, which is closer to the rates available in the widely used black market.

On Friday morning, the dollar was selling for 21,550 dong on the black market, up from 21,300 Thursday.

This time around, I expect CI to go down next week as the volume to support the rise of the price is not so convincing.
But once the CI drop, you will see how the penny stocks flies up again.

You people had seen how IRIS fly when CI is so red.. And how IRIS plunge when CI is so green.. A lot more example.. You guys do the research..

I am going to pick those hot hot counters... And when CI make a U-turn, penny will fly !!!

*** EDIT -->> I hope fund managers see this!! YOUR TRICK BEEN DISCOVERED!!!

Research said sell down today, but can change to buy up next week.
Director can be buying today, but dispose tomorrow or next week.


Believe yourself.

Hot stocks kaput hezagon, iris, hwgb & kbunai (floating....)

Dialog & pji emerge from nowhere...

---

Added on February 18, 2011, 5:21 pm

iya lor, u see monday all analyst will bodek saying bla bla bla.....otherwise boss kena walap worr..

ur chart nexus is paid version ar ... ???  if not it will  be 1day delay

off topic question  .. how u check the deals made by buyer  ...or buy sell volume at a particular time

I think it is time to let penny player some chance to celebrate.. CI been up up up for the past 3-4 days already. Penny down down down like nobody business..
Agree ah? Penny stock tomorrow up up up..
As for CI.. err, don't know la..

                                        Expected Annoucement
Sunway City    4QFY10        22 February
BAT                4QFY10      22 February
Parkson Hldgs  2QFY11      22 February
Pelikan Int Corp 4QFY10      22 February
IJM Corporation  3QFY11    23 February
IJM Plantation      3QFY11    23 February
PLUS Expressways 4QFY10    23 February
KL Kepong            1QFY11    23 February
KNM Group          4QFY10    23 February
Genting Plantations 4QFY10    22 February
Lafarge                  4QFY10    23 February
Dayang Ent            4QFY10  23 February
Axiata                  4QFY10    23 February
Media Prima          4QFY10    23 February
Genting                4QFY10      24 February
Genting Malaysia    4QFY10    24 February
Sime Darby          2QFY11    24 February
UMW Holdings        4QFY10    24 February
AirAsia                  4QFY10    24 February
QL Resources        3QFY11    24 February
Nestle                  4QFY10      24 February
JTI                      4QFY10      24 February
MAS                    4QFY10      25 February
TM                      4QFY10      25 February
Lingkaran Trans Kota Holdings 3QFY11      25 February
MCIL                  3QFY11        25 February
Maxis                4QFY10        28 February
Petra Perdana    4QFY10        28 February
Sunway Holdings  4QFY10      28 February

Wow nice! How do you keep track of the dates here? Any software or website?