That's the reason that I do not dare to short FKLI anymore. In fact quitting temporarily.

Long - valuation is not cheap
Short - scare like today market.

Futures is for fun and "excitement".
Dividend play is bread and butter.

1700 at close today?

3.60 really an unimaginable price if back 5 years ago.

Property really bubbling...

Everything related to property is seem a good theme now.

Then if close at +15, end with 1700....

Futures traders all

if short during yesterday down -50 time, now is like "ant on the hot pant"

A 24 hours later reverse of total 70 points x Rm50 per contract = RM3.5k

x 20 contract = 70k

Oppss, or should be ant inside the pant....

It can be one day wonder as well.
As many times in the past, it just shine for one or 2 day then continue its "rock" state.

This stock liquidity is not that high, major shareholders hold large chunk of shareholding near 50% already,
and also very seldom covered by fund managers, (may be due to low liquidity).

So it is more about retailers play.
From today volume and transaction, it suggests more like retailers rushing in. (herd mentality after the report?)
As lots size and transaction is sporadic across, instead of big one.

It takes many years...
and violating the golden rule of not buy and hold.

So when is SPB turn?

Like that need to wear pampers at night...

Still searching...

I only spared an emergency button right now.

I am a bit worry about property frenzy, including reit.

Once reit at par/near with FD rate, then I think it is time that I found the button.

This post has been edited by cherroy: Apr 5 2013, 05:24 PM

Generally, in normal market condition, most blue chips price won't be too cheap. FUnd managers are eyeing around everyday, how can they go cheap then?
Fund managers by nature is bullish (as short is not permitted here), so if they have money, or people pouring money into fund/unit trust etc, they need to buy, cannot take client money and put all in cash as FD, right?

The so called "cheap price" generally occur once or twice in a decade.

From my experience, it is better to buy a good company share at fair price instead of cheap price in a lousy company.

There is cheap price in red chip, super duper low valuation, who said there is no "cheap" price?
or
There are still plenty of 0.005 CWs out there...
This cannot go "cheaper" already.

This is why I said before, individual is not as same as fund manager.
Fund manager has 1 million, he/she can invest 1 million entirely.
But for individual to invest entire 1 million in stocks be it super value stock, super blue chips or not, it is seemed not so appropriate.

It is too risky for individual to invest entire capital into a few stocks, as asset allocation and diversification is important for individual personal financial management.

Fund manager can lose the entire 1 million, worst to worst, getting sacked from the job
But individual may not have the luxury, as those capital may come from half an life saving, hard earned money.

No matter how, it is always advisable to keep some level of cash to weather the unexpected storm.
No cash, even a sudden plunge of stocks (irrationally) like few days ago when announcing the parliament dissolving or "rabbit hit the tree" time, one also cannot grab the opportunity.
No cash, no capital, out of the game.

Good for high income people, and high income corporate.
But middle to low class people may suffer due to GST implementation, in the way of inflation of price of goods.

It is not a bad news for high income family, as lowering tax can mean more saving on tax.
Imagine a family earning 1 million pa.
A mere reduction of 2% on personal tax, could mean 20K already.

Extra 20k is enough to counter the inflation in goods resulted from GST, in fact, if the family doesn't spend on luxury goods, but spend as same as middle class people, the high income person may pay GST amount as same as middle class people.

While middle class and lower class people get little benefit from lowering tax, but may suffer due to inflation in price of goods.

This post has been edited by cherroy: Apr 7 2013, 03:41 PM

I beg to differ.
Penny club is more difficult to goreng. So many shares around, need plenty of effort to goreng.
Eat the seller finish, then another seller coming out. Need plenty of volume.

While those less share one, simply some big buy lot coming, price shoot to the roof already.

See how BAT moves...

Simple eg.
You have 1 lot of BAT, if sell, no more. So hold tight tight.

But if you have 100 lot of penny club one, price shoot up, one may tempted to seller a few, then hope to buy back when dipping.

This post has been edited by cherroy: Apr 9 2013, 10:00 PM

Nowadays, market and weather situation can be unpredictable.
A lot of issue are not behaving normal one.

The seasonality issue also change a lot.

Even one has nuclear weapon, one still needs long range missile capability to send those nuclear war head to the opponent.
So far, the capability of the long range missiles is still not proven/showed.

Have tons of bomb or nuclear war head also no use, if cannot deliver to throw out to the target.

Because in heaven, flying no need road one.