Some shares has no firepower, mainly google and hsi-c2. And some are not worth buying at all, even red when the market is green...CHMOLY is one good example.

Finally sold off all my stock. Today can eat steak

Hehe thanks, do a lot of homework before jumping in. Also luck

Kapitan, you need to change strategy liao......I think wrong timing...

Yesterday was the most weird case leh for CW. DJ up, ASIA up, EURO up but closing all red.....People fear, we BUY!

HSI close 1k high. DJ close record high also. Tommorrow will be a positive day, but risky one for CW. So watch carefully before jumping in as it's Friday, so profit taking will be into consideration.

---

Added on November 29, 2007, 3:27 pmSource from Bloomberg.com

Nov. 29 (Bloomberg) -- Asian stocks rose, led by Toyota Motor Co. and Samsung Electronics Co., on expectations the Federal Reserve will cut U.S. interest rates to support growth in the region's largest export market.

Toyota advanced the most in a month and Samsung climbed to a two-week high after Fed Vice Chairman Donald Kohn said policymakers must be ``flexible and pragmatic'' in response to a ``deterioration'' in credit markets. Mitsubishi UFJ Financial Group Inc. led gains among banks.

``Kohn's comments increased expectations of a rate cut, and we might even see a large reduction this time, which should help to support the U.S. economy and stocks at home as well,'' said Naoki Fujiwara, who helps oversee $3.2 billion as chief fund manager at Shinkin Asset Management Co. in Tokyo.

The MSCI Asia Pacific Index climbed 2.5 percent to 160.48 at 2:47 p.m. in Tokyo, with all 10 industry groups advancing. Japan's Nikkei 225 Stock Average jumped 2.3 percent to 15,502.67, while Hong Kong's Hang Seng Index rose 4.1 percent. All markets gained except New Zealand.

Nintendo Co. led Japanese exporters higher after the yen weakened against the dollar, bolstering the value of companies' overseas sales. Hong Kong's Sino Land Co. and Sun Hung Kai Properties Ltd. climbed on speculation the city's borrowing costs will follow U.S. rates lower, boosting demand for real estate.

U.S. stocks rallied yesterday after Kohn said policymakers ``need to take account'' of market expectations of a rate cut to avert a further deterioration in credit markets. The Standard & Poor's 500 Index added 2.9 percent, bringing its two-day gain to 4.4 percent, the most since October 2002.

Overseas Sales

Fed policy makers, having already cut rates at their last two meetings, are next due to gather on Dec. 11. Concerns that losses tied to U.S. subprime mortgages are spreading and that the U.S. economy is slowing helped drag the MSCI Asia Pacific down by as much as 11 percent from its Nov. 1 record.

Samsung Electronics, South Korea's largest exporter, added 4 percent to 566,000 won, the highest since Nov. 15. Toyota, the world's No. 1 automaker by market value, climbed 3.8 percent to 6,230 yen, the steepest increase since Oct. 26. The company made 37 percent of its sales last business year in North America.

Nintendo, the world's biggest maker of handheld game players, rose 4.5 percent 65,000 yen. The company yesterday said U.S. consumers bought 350,000 Wii video-game consoles last week, the most since the first days of sales a year ago.

`Celebrating'

Exporters in Japan also climbed as the yen weakened to as low as 110.31 per dollar from 108.41 at the close of trading in Tokyo yesterday. A weaker domestic currency boosts the value of overseas sales when converted into yen.

Mitsubishi UFJ gained 5.4 percent to 1,069 yen. Mizuho Financial Group Inc., Japan's second-largest bank by market value, rose 4.9 percent to 584,000 yen. Macquarie Group, Australia's biggest securities firm, jumped 4.6 percent to A$79.48.

``The Fed's taking out insurance on the economy and trying to pump margin into the balance sheets of banks and businesses,'' said Donald Williams, who helps manage the equivalent of $1.3 billion at Platypus Asset Management in Sydney. ``Our market is celebrating in line with what's happening over there.''

The worldwide slump in credit markets may last for at least another year, according to a survey of banks, buyout firms and hedge funds in Europe by accounting firm Grant Thornton LLP.

Cheaper Money

Sun Hung Kai, Hong Kong's largest real-estate company by market value, rose 4.7 percent to HK$159.30. Henderson Land Development Co., controlled by billionaire Lee Shau-kee, gained 8.1 percent to HK$69.30. Hang Lung Properties Ltd. jumped 9.2 percent to HK$34.90. Sino Land, a builder, surged 11 percent to HK$27.40, the steepest increase in the Hang Seng index.

The Hong Kong Monetary Authority's official interest rate typically tracks U.S. credit policy because the local currency is pegged to the U.S. dollar. Lower rates make it cheaper to borrow money in order to finance property purchases.

``A Fed rate cut translates into a lower Hong Kong interbank rate and increased liquidity, which is very beneficial for the market,'' said Leslie Phang, who helps oversee $1 billion at Commonwealth Private Bank in Singapore.

Ping An Insurance (Group) Co., China's second-biggest insurer, climbed 7.1 percent to HK$83.55. The company bought a 4.2 percent stake in Fortis, Belgium's biggest financial company, for 1.81 billion euros ($2.7 billion) in the largest overseas acquisition by a Chinese insurer.



This post has been edited by gtghost: Nov 29 2007, 03:27 PM

Simple. Fast profit & loss. You want to get quick $, you take the high risk. As chinese saying goes, "Dare to eat salty fish, you must bear the thirst (from the salt ) "

No difference with gambling except this you get to use your knowledge as well. Gambling just need luck.

Of course. Everyone always talk about how much they make but never tell how much they lost. I paid a bit of tution fees initially, but now very careful in handling CW. The most important I feel playing CW is you dare to take the loses or not only. If that makes you fear from buying further, it's already game over for CW.

Also need to cut loses fast...........Down by 1 or 2 sen i potong liaoz.

BTW, SINOPEC flying like crazy.....Scary

You still holding? What's your TP?

Hang Seng closed at 1111.3. Nice number.

This post has been edited by gtghost: Nov 29 2007, 04:12 PM

GREED. I like hehehehe *evil smile*. Don't know if HSI got potential to break 30k again or not

Careful now

Nov. 29 (Bloomberg) -- U.K. house prices dropped the most in 12 years this month as Britain's decade-long property boom ground to a halt, Nationwide Building Society said.

The cost of a home fell 0.8 percent from October, the biggest monthly decline since June 1995, to 184,099 pounds ($381,000), Britain's fourth-largest mortgage lender said today. Annual house-price increases slowed to 6.9 percent from 9.7 percent in the previous month, the report showed.

Nationwide predicts house prices will stagnate next year, the first time they've failed to rise since 1992, as higher interest rates and a slowdown in economic growth curb demand for homes. Contagion from the U.S. subprime mortgage market collapse is also prompting lenders to tighten credit standards.

``Poor affordability, weaker house-price growth expectations and the effect of earlier increases in interest rates have all affected demand,'' said Fionnuala Earley, chief economist at Nationwide. ``There are uncertainties in the market, not least from the continuing turmoil in the U.K.'s financial markets.''

The pound declined against the euro and the dollar after today's report. Against the euro, the pound fell to 71.51 pence from 71.28 pence yesterday. The U.K. currency slipped to $2.0706, from $2.0823.

Contagion from the U.S. subprime mortgage collapse is still hindering British banks' abilities to fund business. The cost of borrowing pounds for three months rose 3 basis points to 6.59 percent yesterday, 84 basis points more than the Bank of England's main rate and the highest since Sept. 18.

Six-Year High

The central bank, whose benchmark is already at a six-year high of 5.75 percent, will announce its next decision on Dec. 6. Policy makers may need to lower the benchmark rate at least once next year, the bank said earlier this month in its quarterly forecasts.

For now, the lowest unemployment in more than two years and a shortage of housing supply may limit a slowdown in the housing market. Construction of new homes stagnated at 148,000 units a year on average between 1989 and 2005, down from a peak of 425,000 in 1968.

``With interest rates on the way down and the continued issue of undersupply of housing in the U.K. market, the underlying fundamentals are perhaps more positive than the recent swings in sentiment might suggest,'' Earley said.

Economic growth will slow to about 2 percent in the third quarter of next year from more than 3 percent in 2007, the fastest expansion in four years, the Bank of England predicted this month.

Selling Advice

``Growth does now seem to be slowing,'' central bank policy maker Rachel Lomax said Nov. 23. ``There are clearer signs that the slowdown in the housing market is gathering pace.''

Hometrack Ltd., Rightmove Plc, HBOS Plc and the Royal Institution of Chartered Surveyors have all said house prices fell in November. Sellers shouldn't hesitate to lower the asking price because a more protracted slowdown is on the way, Rightmove, the U.K.'s most-used property Web site, said Nov. 19.

Consumers have amassed record debt of 1.4 trillion pounds. The U.S. subprime mortgage slump has also prompted banks to lift mortgage rates, hurting affordability.

Home loans with a fixed rate for two years, the most popular type in the U.K., cost an average 6.37 percent in interest last month, compared with 5.41 percent a year ago, central bank data showed on Nov. 9.

Serious Difficulties

As many as a third of British homeowners could face ``serious financial difficulties'' as mortgage lenders raise rates on borrowers that they consider ``high risk,'' market research group Mintel said yesterday.

Tighter credit conditions may have a knock-on effect on consumer spending and investment, while it's ``too early to say'' how significant a correction in the housing market will turn out to be, Bank of England policy maker Andrew Sentance said Nov. 27.

Kingfisher Plc, Europe's largest home-improvement retailer, said today third-quarter profit was little changed as the slowing housing market and rising mortgage repayments meant consumers spent less money redecorating.

FUTURES -12

BTW, PANA busy these days? No updates on futures from him liaoz

Not everyone like you learn how to calculate the premium. I believe most of them just "bantai" and hope the shares goes up. You can judge from the swinging of volumes of the counter played. Lasts 2 weeks was HSI-C3, CNOONC, PETROCH, now SINOPEC, HSI-C1.

Most of them don't know what's a premium. If a lot of people goreng it, then the shares will fly. HSI-C3 is damn high premium, but a lot of people still goreng it. As long as the CW they dump the money on goes up. This goes for a lot of people.

Without volume, how low the premium also will not garner high prices.

I noticed HSI-C1 also but even in negative premium I dare not touch it because the market was dropping that time, furthermore the low volume transaction was done. A lot of people notice this because that day it open with 0.97 and drop lowest still 0.79 sen. I worry buy already get stuck and can't use the money to move to other CW

Anything above 0.4 for petroch is over IMHO. Never seen it went up > 0.45 after HSI 30k mark. Currently at 0.385 also can't make much even if HSI skyrocket another 1k points. Follow the volume & mothershare


Tried option 1, didn't work out for me as I paid my tution lessons that time :lol

For option 2, after starting CW, the risk is high for holding CW >1 week. If you follow the CW trend IMO, it's back to square one if you hold it for 1 week. Andy might be able to give comment on this.

Andy you tried holding for a week b4? I tried to simulate some shares I intend to hold for 1 week. I dare not look at it

Finally log in already. Today CW not moving much also. Still not attractive enough :|

Erm, my portfolio for the month of Nov is +RM800 including paying tution fees My first month of playing shares hehe.

Good for you guys Keep it up hehe

Glad to see a lot making $$$$ hehe

Eh CW guys, no need sakit hati lah, as long as you make profit you should be happy already. Why wanna look back

I missed a lot of chances also but as long as got profit to make it's happy month for me

It's always when market up then most of us complain never buy, but when market down, then say lucky never buy! LOL

Monday blues, just see show only today. :|

Pana got buy? This share already surged more than 6 sen since the IPO for 2 days. Very powerful share. Don't know it's goreng or not. Maybe will get later when the price is right

Hi Dreamer, can you define in-money and out-money?

Thanks for the kind explaination