Today is somehow a volatile day for most market even KLSE, morning open up +.10 points, then plunge to -20 now back to neutral.

CI goes positive now... finally....

Due of lacking of GE news... it take long time to rebound!!!

BUY BUY BUY !!!!!
Who bought HSI-C1 @ 0.330 hor seh liao...

Anyway, Im waiting for Merrill news tonite....

Did you buy any? Hopefully no red chili if not tommorrow tapau asso

Buy? Maybe can pick those on sales counter... Pick a high PE counter with strong fundamental...

actually i was wondering, not sure if anyone can answer.

why do the banks write down everything as total loss? if u write down means all gone right, nothing can be recovered.

in reality, is this the case? do banks really lose that much, or they just declare only in paper.

so in the future, if they do get back the loans, then its added bonus for them. i was wondering why the gov or auditors allow for such things. total loss on paper, actually exagerrate things. like everyone is not paying their housing loans in america.

Just bought Airasia.....at RM 1.55

To me seems ex like credit card prob... everyone just pay for the interest...yes...the sales might increase with temp economic boost...

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Added on January 17, 2008, 3:55 pmAA? For long term yes...

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Added on January 17, 2008, 3:58 pmEurope market will open soon... Lets pray hard for positive opening

This post has been edited by Ree73: Jan 17 2008, 03:58 PM

what is your recommendation?

Yup, europe open with positive...Hope that it will last for the 1st hour...

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Added on January 17, 2008, 4:04 pmmy pick? A lot.... but i dare not enter due to changing/pospone of GE

Can start monitoring:

Mahsing, Skpress, Ramunia, Airasia, YTL,KNM

This post has been edited by Ree73: Jan 17 2008, 04:04 PM

maybe that is not the entire subprime loan the bank wrote it off lei....maybe still got some...those wrote off now maybe have been BAD for at least 6 mths lei

This post has been edited by ts1: Jan 17 2008, 04:12 PM

thanks for sharing

wow just now i saw HSI rebounded nearly +900 points

CI till time only +2.8 points... Sad...

GE should not posponed... due to the yesterday's news... this bring to the bearish daysince then...

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Added on January 17, 2008, 4:17 pmI am waiting the right time to sell my YTL and Ramunia...

I hope this week i can sell off....

This post has been edited by Ree73: Jan 17 2008, 04:17 PM

It is just like you bought a share at Rm10.00 then it drops to Rm9.00. So in fair accouting standard, it should be 'writedown' in asset value your hold, you need to report as loss Rm1.00 as it only value at Rm9.00.

If your customers don't pay their loan, then you classified it as bad loan already. In mortgages industry, even the house is used as collateral to take the loan, but what make matter worst is that housing price also plunging at the moment (due to previous bubble). You loan out 100K based on 100K value of house last time, now customers default it, but now housing price value is 90K, then banks only can 'book' it as 90k in value. So even sell the house, banks still won't able to recoup back its initial money lend out.

This post has been edited by cherroy: Jan 17 2008, 04:19 PM

if postponed, DSAI will strike back liao...as such, if realli is....GE will b nearest 4th quarter

What DSAI means? Well, next March 2009 is 5 years term for GE.
Last time GE is at March 2004. Every 5 years will have GE. So, by late should be before March 2009.

This is the reason y market so bearish...

GE does help to boost up the CI

This post has been edited by Ree73: Jan 17 2008, 04:29 PM

The market seems like lack some momemtum, weakening back a bit.

Yalor....HSI n STI all rebound up very high but us...hai....

tomolo dunno green or red leh....


This post has been edited by kinwawa: Jan 17 2008, 04:34 PM

Dato Seri Anwar Ibrahim aka DSAI