Panamy e-dividend in the bank. Ka-ching! Love the sound of it

The one you get from Suncity?

If yes then you very loyal

Due to the PNB-SPS saga
my portfolio turned from red to green on paper
(of coz the Tuesday rally helped a bit)

but why am I not feeling happy?

i like this type of boss

My KJ suffer paper loss

My paramon same also

wa, euro BIG red

Realize the headline always the same pattern - When market RED, headline "FEAR of blah blah blah". When GREEN, headline "HOPE of blah blah blah"


This post has been edited by ngaisteve1: Sep 30 2011, 06:44 PM

Monday further drop

Chinese Stocks Slide On Feared Crackdowns

Reported Probe On ADRs. A possible move against an important investment structure may be a factor

Baidu BIDU, Sina SINA and other Chinese Internet stocks sold off Thursday, adding to a two-week slump. Some of the stumble may stem from concerns that China’s government could crack down on an investment structure that’s enabled these companies to trade their shares in the U.S.
Adding to the sell-off, news reports out Thursday said the U.S. Justice Department has joined the SEC and FBI in probes into certain U.S.-listed Chinese firms suspected of accounting fraud.

And a separate Reuters report Thursday detailed what it called “widespread wrongdoing in China’s capital markets,” from insider trading to fake revenue numbers on IPO prospectuses. It’s no wonder that Chinese Internet stocks have gotten hammered. They’ve generally plunged more
than the U.S. stock market, which is struggling with a correction.

Baidu, a longtime stock market leader, is now trading under its 200-day moving average for the first time since April 2009. Sina also stands well under its 200-day line. It previously spent time below that key support level in June and August. The investment structure that’s making headlines is the Variable Interest Entity, or VIE. China’s government may start to limit the use of VIEs, according to news reports this month.

The government is looking into cracking down in part because of the recent fraud cases involving U.S.-listed Chinese firms, according to a Reuters report. U.S. regulators are also raising questions about VIEs, which are complex instruments that make it possible to bypass certain Chinese rules against foreign investment. Baidu, Sina and similar companies made use of VIEs to list on the Nasdaq. Legal experts don’t expect that companies currently using these structures will have to dismantle them, Reuters said.

But the government attention nonetheless appears to have spooked investors. Beyond Internet companies, China-based natural resources and defense firms also have utilized VIEs. On the other hand, some analysts are skeptical of the recent negative sentiment that seems to have arisen because of the VIE issue. “Investors are trying to point or look for a reason why these stocks are down, and the only reason that’s coming up is this news flow around the government’s potential revisit of this VIE structure,” Rodman & Renshaw analyst Amit Dayal told on Thursday.

“The other aspect, especially in the case of Sina, is whether there is going to be regulation brought into play in China around microblogging services. That’s another reason why Sina is down.” Dayal also said the “VIE-relatedissue is not a new one for the Street.” He added that it’s something
that analysts have previously looked into for smaller-capitalization Chinese stocks. On Thursday, Baidu tumbled 9% in heavy volume, while Sina shed 10% in big trade.

hahah the one i get from suncity is still in the black...
recently i blur blur followed Unker Jeff, he buy i buy, then we all died... luckily i added very little

KJ if ever <1.60 i'll avg down that will be close to 9%DY, low PE, and i think they should be 'relatively' ok in case of a downturn, coz they do packaging for food products, hopefully..

All my leading indicators went off bizarre way Thurs evening after US market closed. (it was weak up market despite Dow gain 143 pts - clearly window dressing). Therefore, I decided to cash out for the weekend after almost 90 pts gain from the lows of Monday. I'm about 10 pts short of my exit price but better to lock in profits than to see them evaporates with unexpected event on Monday. The biggest uncertainty is about to unfold from China.

I certainly like to see the bulls to take it higher 'coz there's not much money to be made from here at this level for bears.

At US market (much higher volatility), I'm all hedge with puts protection for my remaining longs.

Good luck to all.. I'm taking the family to a nice meal.

This post has been edited by danmooncake: Sep 30 2011, 07:25 PM

Last minute pullback up to close almost unchanged. Think we have may second chance to retest 1400. Or test the other way around

All the best on Monday

This post has been edited by simonc: Sep 30 2011, 08:21 PM

Futures at major world indices are all red in color.

Another bloodpath today for Asia equity market, especially Hong Kong. Anyone has any idea why Hong Kong equity dropped so much compared to other Asia country ?

test another way?

bear love honey...

I think DMC mentioned it on the above post, something "uncertain" to unfold from China.

Thanks for the reading.

Lets read news...

As usual after the good ones, come the bad news...


US STOCKS-Futures lower as China manufacturing contracts

http://www.reuters.com/article/2011/09/30/...panyNews&rpc=43


Futures Plunge on Global Growth Jitters

http://www.thestreet.com/_yahoo/story/1126...=FREE&cm_ite=NA


Stock futures lower as China manufacturing still weak

http://finance.yahoo.com/news/Stock-future...nV0dXJlcw--?x=0


Crude Oil Heads for Its Biggest Quarterly Decline in New York Since 2008

http://www.bloomberg.com/news/2011-09-30/c...since-2008.html

Feds probe triggers Chinese tech stock tumble

http://www.theregister.co.uk/2011/09/30/doj_chinese_firms/

This post has been edited by simonc: Sep 30 2011, 09:10 PM

What happen to my drb? Last min pushed down, lol

Company Name
:
DIGISTAR CORPORATION BERHAD (ACE Market)
Stock Name
:
DIGISTA
Date Announced
:
30/09/2011


Type
:
Announcement
Subject
:
OTHERS

Description
:
Further Information on Secured of IPTV Projects

Announcement Details/Table Section :

Further to the Company's announcement (Reference No. CK-110928-64412) dated 28 September 2011, the Board of Digistar Corporation Berhad ("DCB" or "the Company") wishes to announce that the total value of these two (2) IPTV contracts is approximately RM422,000-00 which will be payable evenly over 36 months period upon their completion. In addition to the contract amount, these two (2) IPTV contracts are expected to generate recurring income of approximately RM17,000-00 per month for the whole duration of the respective contracts.

This announcement is dated 30 September 2011.


© 2011, Bursa Malaysia Berhad. All Rights Reserved.

Wow, the price is very very attractive

From Bursa,

GENERAL MEETINGS: OUTCOME OF MEETING - TABLE A
GENERAL MEETINGS: OUTCOME OF MEETING - TABLE B