Ha...I got Mahsing too....but bought at RM 2.15

For short term, foreign ppl still thinking of GE posponed...So short term will not bullrish...

DSAI believe is for local fund managers...

Lack of these 2 forces... it still maintained bearish...

So, what i can say is yesterday news bring great impact to bearish...

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Added on January 17, 2008, 4:43 pmMost ppl believe mahsing will goes up to 2.40 or more...

Be patient...it will go up...

This post has been edited by Ree73: Jan 17 2008, 04:43 PM

Yeah!! I support you!! Mahsing fundamental good good good!! :-)

i dont have mahsing... i miss the train.... most of my $$$ stuck in other stock...

Mahsing is too high now...I will consider buying mahsing below 1.80

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Added on January 17, 2008, 4:55 pmWah... I think EPF buying a lot of Ramunia stock...

Now up 6 sens... I predicted that it will close at +6 to +7 sens

This post has been edited by Ree73: Jan 17 2008, 05:01 PM

Waseh!! Then you said it can go beyond RM 2.4

It can go beyond 2.4 but i only willing to buy in <1.80...

Are u new in KLSE? Dont buy when the PE is too high... that is all i can tell...

Buy low sell high... not buy high and sell low

This post has been edited by Ree73: Jan 17 2008, 05:03 PM

hmm..i was thinking the banks are taking this opportunity to exagurate their losses. take a one time hit, play with the books abit and throw in watever they can. cause really...the amount is so huge. billions and billions of bad dept. how many millions of americans dont pay back the loans.

haha..thanks for answering. i shall dig deeper to understand why the values are so huge.

Closed...

Only up a bit...

Hope tonight US will rebound... Else we all die again tomorrow...

Ha...definately I know the theory la~ bro
For me the PE still quite low wat~~ Plus high deviden they gave previously~~
Hehe

The money in circulation in banking industry are in term of trillion trillion. A several % drop can mean hundreds of billions.

Sounds a bit blur blur

This post has been edited by SKY 1809: Jan 17 2008, 07:07 PM

my sinopec - c1, c2 & c3 & hsi-c1 ho seiiiiiiiii

today intraday ,,,,,,,,,ho seiiiiiiiiiii

MALAYSIAN shares could fall today after US stocks weakened on disappointing results from Intel and gathering fears of a possible recession, dealers said.

"I think there could be further corrections today," said the research head of a domestic brokerage. "The US market is not down that much, but the downtrend will continue."

The benchmark Kuala Lumpur Composite Index ended yesteday down 3.5 per cent at 1,453.66 points, after plantation stocks took a battering on weakening demand for biodiesel due to lower crude oil prices, said the research head.

He saw the next support level for the index at 1,420 points.

The January futures contract put the index at 1,443.5.

"Probably today we will see some technical rebound," said a dealer with a local brokerage, who added that he did not expect the index to move more than 10 points either way.

Large-cap plantation stocks, such as Sime Darby and IOI Corp, would see investor interest, another dealer said.

"The selldown could be on plantations, because they were the ones that were pushed up earlier, and yesterday they took a heavy beating," he added.

On Wall Street, stocks fell after Intel Corp, the world's largest chipmaker, posted both a disappointing profit and outlook, driving the S&P 500 to its lowest closing level in 14 months.

The poor results from Intel came on the heels of poor retail sales data on Tuesday, dismal banking results and a slew of indicators showing the US economy may be on the brink of a recession.

The Dow Jones industrial average was down 34.95 points, or 0.28 per cent, at 12,466.16. The Standard & Poor's 500 Index was down 7.75 points, or 0.56 per cent, at 1,373.20. The Nasdaq Composite Index was down 23.00 points, or 0.95 per cent, at 2,394.59. - Reuters

2nd Opinion:-

It is quite funny that the negative news are related to US, but the US mkts were relatively calm, whereas panic in our regional markets.

I think the hedge funds odeli selling short our Future Index heavily in the last few days, just waiting for " bad" news like these to push the cash markets down to make more money on future market,

A future trader told me he spotted selling signal on his chart a few days ago, and he sold short in future market and bought back now. Just my 2 sen opinion. Not wrong and not right.

This post has been edited by SKY 1809: Jan 17 2008, 07:54 PM

KLSE previously has huge run up, so drop much more than others also no surprise. KLSE has about 10% surge in just about 2 weeks time since last year end.
There is no (yet) panic selling but only aggressive selling. Selling is still orderly. When panic selling occur, price will jump down straight away one, when seller eager to dispose their shares at whatever cost, then it is a panic selling.
US is still the main force in equities market also in term of economy, although US economy weight in world economy is lesser compared to 10-20 years ago, it still represent huge chunk and consume about nearly 1/3 of world producing goods. Even in Malaysia, some export industry also felt the US economy slowdown effect, as about 1/4 of good produced in Malaysia are meant for US consumers. So it is not a problem for US alone, it has knee jerk reaction especially for those export orientated countries, just matter of degree.


Btw, Merrill Lynch result is more ugly than Citigroup resulted DJ futures from +66 to -2 become -33 already.

Merrill Lynch reported a loss of USD 12.01 or 9.8 billions on 4Q.

This post has been edited by cherroy: Jan 17 2008, 08:51 PM

i guess many ppl who are not aware of tonight's Merrill Lynch report are trapped
high possibility DJIA will close in red again, and we would see panic selling on tomorrow morning

At this point, there is no reason for DJ future to go up 66pts unless they know something that we do not know.

Merill Lynch though going to report bad losses. But Singapore Government is buying a stake, right ? They see golden opportunity to buy something at a much discounted price !

U.S. Stock-Index Futures Drop After Merrill Loss Tops Estimates

By Eric Martin

Jan. 17 (Bloomberg) -- U.S. stock-index futures fell after Merrill Lynch & Co. posted a loss that was more than double analysts' estimates.

Merrill, the largest brokerage, slumped in trading before the open of U.S. exchanges after writing down $11.5 billion in subprime mortgages and bonds. Goldman Sachs Group Inc. and Bear Stearns Cos. also slumped following Merrill's earnings report.

Standard & Poor's 500 Index futures expiring in March declined 4.5 to 1,371.6 at 7:37 a.m. in New York. Dow Jones Industrial Average futures dropped 24 to 12,466. Nasdaq-100 Index futures increased 0.5 to 1,881.5.

Merrill fell $2.08 to $53.01. Goldman lost $1.62 to $195.88. Bear decreased 69 cents to $78.36.

source : http://www.bloomberg.com/apps/news?pid=206...0&refer=futures

At this point, there is no reason for DJ future to go up 66pts unless they know something that we do not know.

Merill Lynch though going to report bad losses. But Singapore Government is buying a stake, right ? They see golden opportunity to buy something at a much discounted price !

It has been common in the past DJ dropped 100pts.

futures is rebounding, from -33.00 to +12.00

hhmmm...