No worry.. I'm buying into this fear with well define risk mgmt tools.
US market.. plenty of macro data points to trade.

But, KL market.. Difficult to gauge sometimes.

cwhong:
Wondering if you can post the same kind of data points for KLSE? I'm looking for more local macro data.

This post has been edited by danmooncake: Oct 4 2011, 12:36 AM

Alot of money brought out of China now...

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Added on October 4, 2011, 12:54 amRed red day ahead

This post has been edited by keithcky: Oct 4 2011, 12:54 AM

China isn't trading on fundamentals now... a lot of fear.
Even tho the macro econ shows growth, their market is trading as if there's negative growth.

I saw before but forgotten the site, will find and let u know if I found it.

Alamak...Repeat performance.......not again please......again the same thing happen to killing the warrants.


DRB-HICOM's late slump raises alarm bells

By Francis Fernandez Published: 2011/10/03

Kuala Lumpur: DRB-HICOM Bhd's last-minute drop on Friday had investors, especially the call warrant holders sweating again.

Within the last couple of minutes, the market closed for active trading and DRB-HICOM mother shares slumped almost eight sen, after an investor dumped the stock.

It ended the day 10 sen lower at RM1.74 a share, with the buyer spread and seller spread trading wide apart.

The buyers wanted the share at RM1.74, while the sellers wanted it at RM1.81.

DRB-HICOM call warrant holders are worried, as one of the warrant expires in five days' time, while another has 18 days left.

Their concern is understandable because in late July, DRB-HICOM shares slumped to RM1.95 a share from RM2.28 in a single day.

The slump happened in the last couple of minutes of trading, after an investor keyed in to sell the DRB-HICOM mother shares some 30 bids lower than the market value.

The trading error happened just before the DRB-HICOM CE call warrants issued by OSK Investment Bank was going to expire.

The DRB-HICOM CB call warrants issued by OSK at 17 sen expires in five days' time. The strike price is set at RM1.29 for the mother on a one-for-one basis.

The DRB-HICOM CC issued at 15 sen by CIMB, with a strike rate of RM1.15, on a basis of five call warrants for one mother share, expires in the middle of this month.

The final settlement price of call warrants are calculated by using the last five days' closing price, and as such any sudden drop in prices of the mother share will affect the settlement price.

As such, there were suggestions that to even the playing field, instead of fixing the final settlement price through the last five days' closing price, the average weighted price over five days should be used instead.

This post has been edited by monkeyking: Oct 4 2011, 02:15 AM

Good time to nibble tomorrow, Confirm will retest 1350 level, if the 1350 breach, let's welcome 132x, but the support will be there at 1310..

Time to start nibblling on tomorrow. Adapt 8S tomorrow: Slow, steadily see see scoop some solid stocks.

support will be there then bijan annouce budget for next year la

KLCI is very notti nowadays, dont want follow his mother

US SP500 just broke the Aug 9th low,.. 1099.

It will be interesting to see how KLCI reacts later.
1250 indeed looks like nice number.

so we're pretty much expecting a red day right ?

Yup! Bears army are ready to pillage, plunder, and launch another major assault.

aight. 3 more hours to go

any chances of short term rebound within any day this week ?

This post has been edited by bennike129: Oct 4 2011, 05:47 AM

Yes... definitely. There's always snap back rally. I think I'm going to look for possible capitulation this week.
Greece must default suddenly overnight, it will take the Dow to 10000 or -500 pts.. then bam, we rally up!

Like to see the same thing for KLSE.. but it's been dying a slow death. That's why sometimes I find KLCI difficult to trade.

Though there's news stating Greece default is inevitable, but it's still unlikely to happen anytime now. Isn't it ?

good morning everyone... today will be a great start..

Always expect the unexpected then you'll be prepared.

They are just delaying the inevitable disaster. After that some EU countries will follow suit and then EU is in deep trouble.

Half hour from short to long. Geng. That's how pro does it. Must follow.

DMC talking about US market

This post has been edited by Icehart: Oct 4 2011, 08:49 AM

Yeah, that's how DMC play it. Must be quick and swift. So we have to learn bro. Cannot standstill one.

i dont think it's that easy to apply in KLCI haha