profit taking for shopping during tomolo's holiday? hehehe

Is KLSE open tomorrow?

tomolo public holiday, tarak buka

i dun think so...tomolo is a public holiday rite.....happy holiday!

Reason:
Share prices closed higher as property stocks were supported by growing hopes for further US interest rate cuts, while commodity counters surged after a fresh rise in gold and crude oil prices. Dealers also noted that mainland banks saw renewed interest on hopes of solid 2007 earnings after China Merchants Bank projected 110 pct growth in net profit earlier this week. The Hang Seng index closed up 502.95 points or 1.86 pct at 27,615.85.

Tomorrow markeat close la, should buy all you can today , this coming Friday is history in the making, KLSE will break 1,500 points. You read it here first (Hopefully my crystal ball is tuned properly) . E & OE.

Since last 3 trading days, everyday is making historic all time high liao..
But sadly, din managed to catch up..waiting for another round. hopefully got..

Becareful for those short term trade, don't be too greedy.
Market high possibility will ride on momentum to shoot higher as people will 'bang' on GE rumour to play on it. As long it doesn't die off, it will be quite awhile for this market to have strength.

As always a reminder although not foolproof, it is always a piece of good advice, Buy on rumour and sell on news.

Enjoy the market while good, just don't be too greedy.

All this record high in KLCI my portfolio only increase a bit

Wise words from our mod. But we all greedy guts!!

a good advice there, well said..


this is true..just hope dont lose all la..

Pana,

I no get HSI-C1 la... queue for 0.65 le... hahaha
KLCI really high liao, today MahSing cheong, MUIxxx cheong, MKLand cheong...

Im still eyeing Satang...

Goldman predict recession in 2008

And Euro is deep in CHILLI...

You gotta love Goldman...
Just because they said recession is near, US lose its appetite for a correction...

I wonder HSI and HKCW rally a little bit too early today???

Lets wait and see if Goldman wins or correction wins...

This post has been edited by kapitan: Jan 9 2008, 10:40 PM

DJIA starts the day in GREEN with:

12,605.98 +16.91 +0.13%

ya....i'm already exiting the market with acceptable profits....dowan to be too greedy......waiting for slight correction to buy some dividen counters lo......

i think Fri will be another good day though

DJIA closed the day with:

12,735.31 +146.24 +1.16%

KLCI closes in on 1,500 mark

PETALING JAYA: The KL Composite Index (KLCI) was a whisker away from the critical resistance level of 1,500 points yesterday.

The benchmark index hit a new intra-day peak of 1,498.86 points in the afternoon.

It ended the day 1.92 points up at 1,491.66 following some late profit-taking activity ahead of a public holiday today.

Selling on major banking stocks also helped prevent the local bourse from breaching the 1,500-point level, dealers said.

All is not lost, however, as analysts and fund managers believe that it will only be a "matter of time" before the index reaches 1,500 points and, more importantly, a breakout after that level.

Pacific Mutual Fund Bhd chief executive officer and chief investment officer Michael Auyeong said: "The current momentum is strong.

"The local market has been on a run since the third week of December, very much against the grain of global markets. Volumes have been impressive and market breadth has gotten progressively better."

Auyeong believes that the local market's defensive nature, its domestic-oriented drivers against a backdrop of global uncertainty, and the push in the commodity segment are the main attractions that will continue to drive the market.

"And, of course, at this point is the 'popular' speculation on the timing of general election factor (which is pushing up the index)," he said.

According to him, the 1,500-point level might give the market an excuse to pause and "catch its breath," but technicals suggest a breakout would follow not long after a short respite.

Fortress Capital Asset Management (M) Sdn Bhd associate director, investment Michael Lai said: "At this level, the market is definitely trying to test the 1,500 level. The election play is obvious but healthy commodity prices, loans growth from the banking sector and foreign fund inflows are also helping keep the market robust."

Auyeong warned that while the current run-up in the KLCI had fundamental basis, a wholesale decoupling from global markets might not be so easy to achieve.

"Major overseas markets, which are currently a bit oversold, may experience some short-term technical rebound but there are some critical support levels, which if broken, could lead to significantly more downside in global equities," he said.

In such circumstances, the KLCI's performance might grind to a halt, he said, adding: "Realistically, there are a lot of uncertainties that global investors are grappling with."

Lai advised inventors who wished to go into the market now to "not chase stocks."

"Go into more liquid counters, such as blue-chip firms, which will allow you to exit when you have to, and maybe mid-cap companies which are resource-based."

Credit Suisse country head and head of research Stephen Hagger took a long-term view on the KLCI. "We remain positive on the performance of the local bourse, which is supported by solid pre-election pump-priming measures."

He said the robust growth of plantation-related companies, thanks to firm crude palm oil prices, and continued restructuring of government-linked companies would sustain the market's performance in the longer run.

"The rest of the world looks pretty nasty right now but Malaysia seems all right. It remains our top pick in the region," Hagger said.

Meanwhile, in line with the bullish market trend yesterday, the ringgit climbed to 3.2655 against the US dollar - a fresh 10-year high following buoyant demand for the local unit.

Dealers said the ringgit would remain on an upward momentum, given the weakening greenback and

URL: http://biz.thestar.com.my/news/story.asp?f...57&sec=business

For HK-CW, I think CNOOC-C1 is a good buy, as it's trading at a negative premium right now..based on current prices the warrant should be at least 33 cents..

look at apple. surge 4.76% (8 USD).