Because KLCI can't break 1,400 level..?
Why?

I mean for today so far, KLCI fail to break the 1,400 level. Volume is there, but people still cautious. If they think the bull is back, they should continue to chase those KLCI components stock. PCHEM are still at 5.4x, CIMB, AXIATA, GENTING at current price are still very attractive for those bull believers. The fact is that FF is still very very skeptical with current condition. This signal that people are still cautious. And when the selling started, everyone seem to follow suit. Didn't we had too much experience of this trend "morning green then slowly turn into red". That's my view.

Not until the Euro has come up a solution to contain the debt crisis, there should be more volatility. Those news that reported "EURO are working, etc etc " basically just serve as a aspirin which only provide relief but not a true solution. Just like you have said, it is good to have extra cash on hand, a balance between cash and stock exposure. We don't know where will the market be heading to. Too much uncertainty, not only on the international side, but as well as our inner domestic side. Just my 2cents.

This post has been edited by andrewckj: Sep 30 2011, 12:32 PM

Thanks for the explanation.
Seems like every market is looking at the EU and US for direction.

if a company wan to merge, for example osk,
the offer price normally will higher than market price? or NTA?

Go go 1300. Come to me babe.

I thought they just exchange shares?

Yay~~ Ty DALI...
his 1 post is gazillion times better than me or any other IB promoting...

but Dali says it has 30% discount to NAV ? this i'm not sure

i've yet to see a bank that says not to buy dialog.. all with TP > 2.70..
but tbh, i dun like them rating my counters because they can simply downgrade overnight, cutting TP by 50% easily, especially those using SOP valuation..
that's IB and Analysts..

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Added on
ok.. yesterday target 1400.. and we hit it today.. so what's next ??
i'm out of clue atm.. anybody care to share ?

This post has been edited by mopster: Sep 30 2011, 12:59 PM

Drop drop drop... Come down to 1300 pls....

exactly. it's directionless and sweating, crying for papa and mama.

We didn't hit 1400 today. Closest I saw was 1399.50 then down to 1388 now
See if afternoon we will re-test 1400.

So re-testing our support line is next?

I think it did break 1400, at 1402.94

It did hit 1400, for a short while before it sharply declined

Ooh.. ok. So break without volume, then plunge.

Just for the sake of hitting to meet you guys' target. Lol

The banking sector have been marked 'underperform' by some research houses and fair valuations of CIMB, MBB and Alliance are also stated.

http://biz.thestar.com.my/news/story.asp?f...51&sec=business

This post has been edited by tchtax: Sep 30 2011, 01:32 PM

Hiro

Highest today is 1403.01

today is the last day of the month and the last day of Q3, things can be very tricky...
it may slide until 4.45pm and suddenly jump back to 1400 @ 4.50pm..
but if regional is red and we're 1400, i think better take some profit or do nothing..
--
DJ peak 12807 -> 11154 = -12.9%
KLCI peak 1597 -> 1387 = -13.1% today 1st session
HSI peak 23394 -> 17636 = -24.5%

seems like we're a DogJones follower ?
so... will we close 1390 to match -12.9%

This post has been edited by mopster: Sep 30 2011, 01:47 PM

but dow close green wo. euro also mostly green. thought if we follow these two taiko, we should be green also?
not sure why hang seng and strait times red....hmm....

observe 2nd session..