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STOCK MARKET DISCUSSION V150
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danmooncake
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Nov 4 2016, 02:24 AM
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QUOTE(nexona88 @ Nov 2 2016, 01:17 PM) FBM KLCI fell 0.43% at the midday break today, as regional markets tumbled and local sentiment remained tepid. At 12.30 p.m., the FBM KLCI was down 7.21 points to 1,663.72. Losers beat gainers by 460 to 183, while 328 counters traded unchanged. Volume was 796.71 million shares, valued at RM806.28 million. .. Closed @ 1648... we got -8pts to get to 1640 to create more momentum. We need more bears to pile on and Sell Sell Sell
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danmooncake
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Nov 4 2016, 11:58 PM
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QUOTE(Icehart @ Nov 4 2016, 10:26 AM) 1640? Very nice. I'm trying to collect some shares in the next 2 weeks. 1625-1630 should be a good spot to dive in and get some. Not sure if it will happen or not. A lot of bargain hunters also waiting. Better still, if can go back to 52 weeks low at 1600, everybody will be jittery. All it takes one last jump...then kaboom-- back down to 1575, last year low.
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danmooncake
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Nov 5 2016, 01:00 AM
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QUOTE(Icehart @ Nov 5 2016, 12:50 AM) Waiting to buy. Based on my reading it seems 2017 will be a superb year for stock market.  Not only you.. a lot of institutional investors+hedge funds also saying that. That means, something is troubling the economy. Next year, recession could be in the works unless the current govt once again, step in to juice it up with more projects and freebies to public to get more votes.
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danmooncake
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Nov 10 2016, 11:06 AM
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Nice. Yesterday, 1640 was so short. Didn't grab enough during the scare and dump. Now good to sell some into the rally.
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danmooncake
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Nov 14 2016, 11:02 AM
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We're getting closer... come 'mon. We need more bears to SELL SELL SELL. Break that 1600 support again.
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danmooncake
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May 14 2019, 10:06 PM
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QUOTE(EBBattlefield @ May 14 2019, 10:05 AM) 1588 this morning..... so, bear market coming? Hit another intraday low: 1572, 17% off the 52wk high. Another 3% to go, let's get to 1500.
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danmooncake
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May 15 2019, 12:38 AM
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QUOTE(oOoproz @ May 14 2019, 11:19 PM) Choyyy, not so easy, I'm sure gov will support the index  Actually, imo, those so called GLCs and govt run pension funds also cheap skate. They want the local stock prices cheap cheap so that they can either buy back or getting better in returns because with the new govt, they're into KPI and performance. If govt fund manager cannot perform (at least 12 months or longer holding), they also can get fired. So, the faster we go down in price, the better the bargain they will get. So, lelong sale is good. This post has been edited by danmooncake: May 15 2019, 12:39 AM
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danmooncake
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May 29 2019, 11:22 AM
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Last 3 trading sessions (including today) is good for KLCI but remember to sell into the rally here.
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danmooncake
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Feb 24 2020, 10:18 AM
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KLCI is going tank big time... double whammy... first coronavirus, now political BS from the politicians.
Bursa not invest-able at the moment.
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danmooncake
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Mar 12 2020, 12:04 PM
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QUOTE(duckoil @ Mar 12 2020, 10:53 AM) sedihs the market condition....i hold only 40% cash....like not enough  ....others all in losses Malaysia financial market is in downward spiral, first 1MDB, 2nd trade war, 3rd govt collapses and now COVID-19 pandemic. KLCI ...may lose that 1400 support 12 years of gains all gone. Could go back before financial crisis level.
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danmooncake
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Mar 12 2020, 09:48 PM
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QUOTE(Syie9^_^ @ Mar 12 2020, 08:10 PM) 1200. Maybe 900 is final road in depression~ I think we need a multi-years chart to see where support will be... that 1200 sounds about right as next level. Then 800-900.. This post has been edited by danmooncake: Mar 12 2020, 09:48 PM
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danmooncake
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Mar 12 2020, 10:12 PM
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Thanks for sharing. If drops to 1000 or less, then it's 20 years of earnings all kaput for Bursa.
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