The SSF is a short term speculative tool but at least you can earn money from both way either market up or down. Unlike stock market, the only way to make money out of it, is the market goes up. Market goes down, everyone loses except for those short-selling one.

I still skeptical about the SSF although it is a good move. But due to lack of serious interest investor, it might end up like rubber and tin futures. Even the most popular KLCI futures also not quite active with average around 2k-3k contracts only and today only reach 1.5k.

Verbal promise is sometimes just diplomatical whether there is actual action to support the market or not remains a question. Nobody can correctly guess it will be success or failure until the trading has been running.

US pressurises China to revalue the Yuan mainly because of trade deficit. If your currency is undervalue then that's mean your export product is damm cheaper around the world, while US or others country competitors can't sell their product at all. Unlike others currency, Yuan is not free float or free to trade worldwide, the rate is solely control by their gov.

Malaysia has quite a handful of direct competition with China so if Yuan appreciate then BNM will let the ringgit to go up further since it won't hurt the export industry. BNM has been so long push the ringgit at a undervalued level so that export industry will flourish because they know local industry and businesses until now still not fully recover from 98 financial crisis which also the reason of BNM reluctantly to push up the interest rate although inflation has been shooting up quite severely.

FYI, Iris is making EPS 1 cent for the last financial year, go to figure out whether it is overvalued or not.

If everyone can correctly predict it, then everyone will be rich. The market is unpredictable, when you see it good then it burst (everyone said Asia has the brightest future at 97 then 98 financial crisis hit suddenly), when you see it overvalued then the bubble keep on bubbling.

You won't know when the syndicate will stop its 'goreng' activty. They might be keep on pushing it higher so that the punters will believe the bubble won't burst and chase it back then only they can release/dump all its holding to the greedy retailers. This kind of history keep on repeating itself. If you have been in the market for long time, you won't be surprise with it, just like the 2nd board last time and Nasdaq in US hit 5000. There are plenty of similiar examples in the past.

But in the end, all will back to its fundamental and its valuation.

Double or triple in 30 years time should be no problem

Return and risk is porportional one, the lower the risk is, the lower return.

100% profit? In the real world there is no such thing called 'free lunch' one.

The syndicate is playing rotation 'goreng', playing some guess game with the retailers. Today Iris, next day Mobif then Syf. But the 'goreng' wind is a bit weak for the last few days.

As expected, the SSF trading is extreme quiet, the hottest is just merely around 40 lots changing hand. The trading volume needs to be increased in order to attract some investors to play with it.

Sell it or not, it depends how individual strategy is. Some may go for long term some may just short term. But remember to distinguish out between your long term and short term strategy. A lot of retailers don't know to distinguish out between speculating and investing that end up full of rubbish shares in hand.

It is fine for individual to chase some speculating stocks when market is 'hot' time to try their luck and gain some money but if the market is going against and drop then should quickly get rid of it and cut loss, no point holding it and hopeful it will back in one day which most of the time might not be. If doing it, then you are converting speculating purpose into investment which is a big no no.

Btw, I am not familiar with the THplant nor doing research on it, so no comment on it.

No fund can guarantee whatever amount of returns.
When market good time, every fund can easily hit double digit return but market down time, it also making losses. Unit trust cannot be called low risk, it is medium risk since it is exposed to the market condition but it depends on the nature of the fund also whether it is bond type, property or equity.

Getting a loan to invest is a big no no, you will double your lost when market down time since the interest is a big burden.

This is not called investmnet but gambling is a better word, not the same

Regarding the SSF, apart from the first day of trading, there is almost no trading at all, with that kind of response, suspect it is doom. But to be fair should give a few month time to see then. It is actually quite a good product but with low response and low liquidity in the SSF, most investor would rather invest into the stocks. Also, there is only a few securities provided real time qoute which also a factor that hinders the growth of SSF.

SSF - Single Stock Futures

The TM's Futures hasn't been recording a single contract until now. Daily trading is less than 10 contract most of the time. With that kind of low liquidity, it is not wise to trade with since you will have difficulty to get out of the market. Until now, the KLCI futures is the only futures product that can be called successful apart from the CPO. Others are just merely 'show-off' only.

Btw, the 'goreng' has been excessive in the market, better be carefuly. There is no real serious foreign investors into the market since blue chips and large caps mostly quite quiet. The market is full of punters and some hedge funds with hot money to take advantage of both appreciation ringgit and 'goreng' activities.

This post has been edited by cherroy: May 9 2006, 11:22 AM

With US and global market are significant down last week when out market is closed and news with Iris being designated, wonder how the market will react.

Btw, there are a handful of Mesdaq company major shareholders already disposed or reduced their substantial shares to the market so even if their share is hitting limit down, it won't hurt them.

is it coincidence that the first day of Iris being designated, the company quickly suspend its share?

Until now, I still don't understand why the big player like PNB and EPF always want to make/push the last minute closing index become higher by buying at last minute especially those heavyweight one, it only looks good on paper, nothing else, tomorrow surely drop back one.
By doing it, they actually spend the public money unwisely since you always can buy at lower price rather buying expensive at last minute just for the sake of better closing index.

Today is a roller coaster ride for those 'goreng' counter, Iris hit double limit down but when market near closing time, suddenly there come huge support and closed at RM1.00. Being designated also dare to 'goreng' it, the syndicate surely got some gut.

Btw, the CI actually hit double digit lose around 10-12 points for today, it just last minute spurs and late 'crazy buying' to push up the index to lose merely 5 points. Tomorrow surely open low one.

This post has been edited by cherroy: May 16 2006, 11:47 PM

With Nikkei dropped around 300 points and Hang Seng down 400 more points, just the KLSE follows suit. Asia Pac regional market is suffering for the last few week. I think there is some fund pulls out from the market and back to the US since higher interest has been more attractive than stocks already.

Actually they did try to pull back with some late buying for the big caps, just the selling is persistent which hinder them to have significant effect on the CI.

I don't think it is wise to do late last minute buying just for sake of better closing CI. If it is done for year-end window-dressing then it is fine but they have almost done it quite frequently and sometimes almost everyday, I don't see any benefit of doing this. It is some sort of 'cheat yourself'.

This post has been edited by cherroy: May 22 2006, 11:49 PM

Although TNB shot up 50 cents, it failed to lead the market and improve market sentiment, after all TNB is the only beneficiary, others are lossers in this round of tariff hike.

Prior to this hike, PNB and EPF has been buying lots of TNB shares, may be they knew the hike is more than market anticipated, the overall market expected a 10% hike but reality is 12% so there is a 'surprise'. EPF and PNB surely earned quite a good returns this round.
If the gov approved as TNB proposed of 20% then if might easily cross RM10.

The pace economy might slow down significantly after consecutive of big hike in petrol and electricity.