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.

Next month World Cup.... Market is said to be quiet. True??? Any ideas? Never experience b4.

wow, quite job 1 month unpaid just for world cup? need meh? 

but well, I ain't pro but .. if there's some spoiler match I can safely say the market is gonna be quite active AFTER the world cup ..

lose bet, forced to sell stocks cheap to cover, then stalkers will be seizing opportunity to buy buy buy.

just a plain guess.

Analysts can come up all kind of reason to explain a market phenomena otherwise they won't have a job to do. When market up time, they said the index will shoot over 1000 (also few said 1200! simply hit a number one) by year end, now market more subdue time then said WC coming:stars:

A number of local analysts are unproffesional at all, talk like 'kopitiam', don't have some sense of responsible at all.

All shares price is based on their valuation, when company is doing good and making good profit then surely people love to have it and buy it that's why it goes up. While when company is not doing good (like MAS and Proton) then there is no reason for investor to buy up their share. So whether the index will go up to 1200 or whatever level, it must be looking back how the index linked company are doing and their future as well.

so after all.. wat kind of investment is recommended for limited modal?

wah can die one leh having the impression of "dun need to spend money to buy/sell stocks" is dangerous, for me lah at least

what if contra loss?

run away? lol

ugh..bloody CI,was dropping almost 10 points in the morning and afternoon.Then all of a sudden shot back up making dropping 2 points only lol

Contra trading is buying stocks but selling it before the day u have to pay for the stocks. No monetary transaction involved in Contra trading except for the profit ppl pay u and the loss u pay ppl at the T+3 day.

In Contra trading, if u can sell the stocks with a higher price than ur buying price, then u dun need to pay anything, u'll just be paid the profit, and the otherway around for the loss

So, the risky part is when greed steps in.. co's it's giving false image that no upfront money is involved, u can buy like .. a lot more stocks (more than u can actually afford with ur available cash) and sell them at higher price and make bucks, but also could lose so much that u cannot afford to pay back the loss.

pls correct me if I'm wrong

p/s: Darkmage12, not everyone is allowed to do Contra trading right? that's what I heard, is it true? If so what's the condition?

icic

well actually where I heard it from is actually from this webpage, I dunno if u guys have been to it or not

http://www.min.com.my/eng/html/iwshopserieslesson16.html

easy to say,i once saw a broker asking a customer to pay his contra loss,its like asking him to sell his house to pay for it.The customer's reaction was furious,raising his voice and stuff,

I believe the down trend started one day after the Fed meeting to raise interest rate. S&P drop 30point++ in 2 day it was 1326 then now a 1270. I did short some puts but sold early....... . You following the overseas market Silveru?
I believe the US market will affect KLSE somewhat but about a connection it is beyond me.
The phrase means that fund manager will try their best to outperform the index. E.g if the KLCI did a +3% for 2006, the fund must make a profit of more than 3% in order to beat the index(The 3% usually don't include the charges for the fund).

thanks for explaining..~~
means depend on ur sixth sense and tembak 1 company's share to buy..
on the same day..once u see the share raise then quick sell it == earn luuuu  

btw, wat tis T+3 or T+10??

From what I read, T day is the day u deal the shares (whether buy or sell) and T + 3 day is the day u need to actually pay for it, some brokers might offer T + 10 days so u got more room to play with when it comes to Contra

btw, I never traded contra before, but interested in it, but my mindset also like jojoko, it seems like only tembak co's the term is short and can't really do any studies beside looking at the trend of up down for the company.

What I'll do to play contra would probably:
- choose companies with high volume (actively traded)
- probably set a small target (e.g. 1 week earn RM 200) and move on from there once experience picks up

Any advice from contro pros here?

Contra trading won't able to make a living for you. It is just extra income when market hot time. A lot of people got this mindset also, but practically, it is very difficult to do in real actual trading. Also generally in normal trading day when market more subdue, share price has little movement only which you might find that you are struggling to cover the commission rate rather than making profit. If really interest in contra trading then better go for the futures which is more volatile and better return if you get it right.

1 week earn RM200? no problem but can you consistently do it every week? Bare in mind although you might be able to make profit for let say 3-4 week time but when market go against you time, you might easily loss Rm2000 or even more per week.
It some sort like gambling rather than investing.

PS Contra trading is only suitable when market 'goreng' hot time other than that you are basically feeding your remiser and broking firm only while you gain peanut.

i had never heard of people making a living out of contra trading.

BUT i did heard of people  make a living out of trading forex and futures.Since its very volatile and the rewards are high too.They just sit at home click the computer and PROFIT! Of course,its not as easy as you think it is.

Cherroy is right,sometimes your profit from your contra trading isnt enough to cover the commissions,therefore turning a profit trade into a loss.Judging by our local stock market's performance,i think you will run into these kind of situations very often.

I try to but I have a fulltime job, so I usually stay till <12 but will stay longer if I am having an open position or there are any market moving meeting etc . I am more of a swing trader.
No you don't , the minimum some sites is offering - USD 100 with a leverage of 300. You are right on the second part, very volatile on USD/EUR pair which I do follow time to time.Losses are part of trading but forex do include commissions to. Sometimes the commi is more than trading stocks or options.

the only place where you could do "real" forex trading is via the internets.

There isnt a specific facility/place to trade forex,like stocks or futures.

i just found out that malaysia goverment disallowed any forex company to setting office or branches(for foreign company) in malaysia and there will never be a legal forex brokerages existed in Malaysia...only foreign currency trading scams...bank negara also dont encourage we to do forex trading since many of them are scam...

just go to the forex brokerages websites fill in their forms.Then do a TT transfer from your local bank to the disignated foreign bank by the forex brokerage.The inverse if you wish to withdraw the money from them.

no,some of my friends and relatives are.I'd like to trade forex too,if i had enough money.

i only trade futures and sometimes equities

umm...more like a part time trader for a company,since i'm not old enough to take the broker's license test
i'm holding short position for FKLI.
i decided to stay away from cpo at the moment,very hard to play nowadays.
i feel like gambling in the cpo market,since the only huge price movement is in the opening and closing,you will never know where the price is heading, sometimes it rises/fall beyond my expectation.Very unpredictable.

i'm 18 years old only

i could sit for the exam now,even thou if i managed to get the license,i cant use it till i'm 21.By that time,i need to re-take the exam.