KLCCP is now 6.09.
Anyone got in?
Bursa Traders Thread V1, Coook cooook cooook !
Bursa Traders Thread V1, Coook cooook cooook !
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Oct 4 2012, 10:48 AM
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All Stars
15,942 posts Joined: Jun 2008 |
KLCCP is now 6.09.
Anyone got in? |
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Oct 4 2012, 11:47 AM
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Senior Member
2,612 posts Joined: Apr 2012 |
Boon, No. 10
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Oct 4 2012, 11:51 AM
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All Stars
15,942 posts Joined: Jun 2008 |
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Oct 4 2012, 12:10 PM
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All Stars
15,942 posts Joined: Jun 2008 |
magika: see it's correcting now.
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Oct 4 2012, 12:32 PM
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Senior Member
2,612 posts Joined: Apr 2012 |
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Oct 4 2012, 12:34 PM
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All Stars
15,942 posts Joined: Jun 2008 |
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Oct 4 2012, 01:24 PM
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Senior Member
8,651 posts Joined: Sep 2005 From: lolyat |
Boon, that chart is way to general to make judgement, as some company might not be so heavily affected by the drop in CPO.
Anyway good drawing line there |
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Oct 4 2012, 01:31 PM
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All Stars
15,942 posts Joined: Jun 2008 |
QUOTE(yhtan @ Oct 4 2012, 01:24 PM) Boon, that chart is way to general to make judgement, as some company might not be so heavily affected by the drop in CPO. Yes I agree!Anyway good drawing line there I just showed how a simple line could be drawn for the plantation sector index and how one could 'assume' that one might see support there. For me, lines are just lines. Sometimes we could see support at such lines. Sometimes we could also see resistance at such lines. My opinion remains on the sector. If the index goes below that line, where would be the next support for that index? |
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Oct 4 2012, 01:41 PM
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Senior Member
8,651 posts Joined: Sep 2005 From: lolyat |
QUOTE(Boon3 @ Oct 4 2012, 01:31 PM) Yes I agree! The further i think, it is just a correction, based on my observation.I just showed how a simple line could be drawn for the plantation sector index and how one could 'assume' that one might see support there. For me, lines are just lines. Sometimes we could see support at such lines. Sometimes we could also see resistance at such lines. My opinion remains on the sector. If the index goes below that line, where would be the next support for that index? Few weeks before already discuss about high level of CPO storage, then the price waterfall. Did the trader taking advantage to short? Yes, of course trader like chef love money When the price waterfall, why the customer (China and India) didn't buy more and put into storage? because they want a bargain deal which benefit their own country Adding this two factors, the price is indicating the government to do reduce the export tax on CPO, because it is deem too expensive for the customer. All the while, government has been collecting income tax, export tax and windfall tax in palm oil industry. As i said, if its drop around the cost of planter, it will be a disaster to the government. |
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Oct 4 2012, 01:56 PM
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Senior Member
4,093 posts Joined: Jul 2011 |
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Oct 4 2012, 02:01 PM
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All Stars
15,942 posts Joined: Jun 2008 |
QUOTE(yhtan @ Oct 4 2012, 01:41 PM) The further i think, it is just a correction, based on my observation. Did you see post #753? http://forum.lowyat.net/index.php?showtopi...40&p=55056534Few weeks before already discuss about high level of CPO storage, then the price waterfall. Did the trader taking advantage to short? Yes, of course trader like chef love money When the price waterfall, why the customer (China and India) didn't buy more and put into storage? because they want a bargain deal which benefit their own country Adding this two factors, the price is indicating the government to do reduce the export tax on CPO, because it is deem too expensive for the customer. All the while, government has been collecting income tax, export tax and windfall tax in palm oil industry. As i said, if its drop around the cost of planter, it will be a disaster to the government. » Click to show Spoiler - click again to hide... « |
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Oct 4 2012, 02:34 PM
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All Stars
23,851 posts Joined: Dec 2006 |
CI is so bullish
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Oct 4 2012, 02:40 PM
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Senior Member
2,612 posts Joined: Apr 2012 |
congrats Boon
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Oct 4 2012, 02:41 PM
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All Stars
15,942 posts Joined: Jun 2008 |
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Oct 4 2012, 02:47 PM
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Senior Member
2,612 posts Joined: Apr 2012 |
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Oct 4 2012, 02:50 PM
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All Stars
15,942 posts Joined: Jun 2008 |
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Oct 4 2012, 03:17 PM
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Senior Member
4,093 posts Joined: Jul 2011 |
Boon ,
ada beli Tenaga CW? how bout MBSB? |
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Oct 4 2012, 03:18 PM
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Junior Member
384 posts Joined: Jan 2007 |
MBF -wa n Syf start moving again any 1 buying?
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Oct 4 2012, 03:19 PM
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All Stars
15,942 posts Joined: Jun 2008 |
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Oct 4 2012, 03:22 PM
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Senior Member
4,093 posts Joined: Jul 2011 |
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Topic ClosedOptions
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