wah ..regional all RED! i wish i could join u soon ....just sit back n relax....n wait for the right time to jump in again...probably after CNY.....or GE.....

i think in next 2 days will be good sign after citibank announced theirs results.
JP Morgan not badly affected. Merrill so-so not bad as Citibank.
This thursday Bernanke will give speech. So i think will be good for market if he announce something really good news to all of us.

So-so???
I think you mistaken.

Merrill initially estimate 7b writedown, now estimate around 12-15b.
Citi initially estimate 11b writedown, now estimate almost 24b.

ugly numbers...

KLCI probably will take that as "opportunity" for a correction...afterall, we have been rally for so many days

ya...i think nothing will be great at this time.....since the subprime issue surfaced....US has not really recovered....recession is getting nearer.....probably when Fed cut rates at the end of the month...there will be temporary relief..

Hard to say.
First is dunno how much they will cut. If the market expect too much like in Dec, then the DJIA rally like hell only to be disappointed by the size of the cut.

Well, everything is hard to predict. Just my 2 cents only.
To me, play shares is like playing with risks.

high risks high gains. hehe...

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Added on January 15, 2008, 2:49 pmBtw when HSI touch 25.9K++, it will quickly rebound to 26K. Seem clearly support line at 26K.

This post has been edited by dreams_achiever: Jan 15 2008, 02:49 PM

Currently scenario is a little bit complicated, it is not subprime alone. If it is only subprime, then only banking stocks will be affected, stock market overall won't be too bad.
But now it is much more complicated.

Subprime lead to credit crunch --> prompt Fed to cut rate, inject liquidity --> USD plunging --> Commodities price shoot up --> inflation sky rocket --> Fed shouldn't cut rate --> affect consumers spending power --> housing continue the slump --> affect consumers --> Fed should cut rate --> put more pressure down of USD.

Fed is in the 'box' now, cut or don't cut, both also got impact.

Don't mean overly pesimistic about current market condition, just current situation is a bit tricky, not as simple as cutting rate will solve the problem.
If it is controlled properly with approprate action over the time, then market can stage a run up but it things turns out bad, then market will have some hard time.

This post has been edited by cherroy: Jan 15 2008, 03:19 PM

hard time ahead...

yah, u r right.
Merrill and Citibank is biggest financial banks having sub prime issue / write down

Seem will have rocky and bumpy road ahead in next few days. Please put on ur seat belt tightly. Dun get loose..

Also need to wear crash tesh helmet too

This post has been edited by pooh88: Jan 15 2008, 04:48 PM

dun forget your bullets

I'm ready to shoot anytime! but the target must first stand still! hehehhee

yes...yes...

what time financial report will be annouce tonight?

wah, u plan to stay late and watch Citibank to announce its financial result?
i plan to sleep early tonight. no eye to see DJ plunge 90 degree once Citibank announced it.

Better take good sleep tonight and wake up in early morning to see final results after DJ is closed.
Tomolo will be hard battle and shopping spree for all of us . hehe...

edited:
oh ya, before i forgot..
us:C Citigroup Inc Q4 2007 -1.00(2007 Q4) 1.03(2006 Q4)
It will announce before US market open. Most likely before 10.30pm local time.

This post has been edited by dreams_achiever: Jan 15 2008, 05:37 PM

no lar... if the announcement around 11 - 12am maybe stick around to watch it...

oh tonight 10.30pm yah
i dare not to see the bloomberg future jor...

waaahhhh!! i miss the boat to sell off uembldrs!!!

see la ...still greedy till the end. now going to crash back to sub <<1.3 ..

sigh...

or shud i buy more

u are not missing the boat but actually trapped in the boat
me also trapped but in diff boat

another uembldr's share owner oso trapped inside. should sell it when it is RM1.4.
cost price RM1.55...sigh. (luckily only have 2lots after sold half on couple months ago) still long way to go before can sell off.

Since GE exact date hasnt announced yet, maybe will have second pre-GE rally again? Hope at tat time, can sell it off.