Ermm..why need to look on S&P? Usually i look on DJ index.

From last Dec before Dec cut rate, it plunge till 12700++ before rallying to 13700++ (based on Dec FED cut rate) and drop after news come out.
This coming Thursday, Bernanke (FED) will give some speech. Dunno he will indicate there would be another cut rate by end of this month. or let it drop kao kao until next Tuesday(Citibank announce its financial result)

So guys, what do u think? wanna buy today or wait until next Tuesday after Citibank announce its financial result?
I assume next Tuesday will be good buying opportunities.

sigh..only happen to be good news for hlebroking.
me is existing RHB-Invest trader..minimum RM28

Is the system good to use? seldom breakdown? smooth?

Info:
15 Jan 2008 - US Nov business inventories -US Citigroup Inc Q4 results. LPS forecast 0.67 usd vs EPS 1.03
16 Jan 2008 - US JP Morgan Chase & Co will release Q4 results. EPS forecast 1.01 usd vs 1.09

Seem next week not good. Analysts forecast that Citibank and JP Morgan financial result very bad.

Well that is risks need to take when trading next week. I prefer not to take it.
Too high risks to bear.

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.

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..

is it applicable to oncall trading or online trading?
so far, most of trading company apply RM28 for online trading. Well, for my case RHBInvest.

This week, most of companies in S&P500 will announce their financial result.
Result are quite bad for financial type companies
15 Jan - Citibank
16 Jan - JP Morgan
17 Jan - Merril Lynch

If result is lower than expectation, then be prepare for DJ DOOM...

Erm..there is one case about these kind of warrants
Last time i encounter one warrant where its actual price for warrants during listing is not 0.005cents.
But more than that coz u need to add costs for warrant rights.
For ex: warrant rights -WR is 0.30cents + another cost to subscribe one warrant -WA

So, u paid more than 0.005cent to own 1 warrant. Just my 2 cents.
Im not sure why during listing, it is less than costs (warrant rights + convertible costs)? Is it applicable to all warrant rights convertible to warrant?

Actually, im not so sure about above statement.
Is it means that if i own 2 ordinary share then i will entitled 2 right share and 1 warrant automatically?
Then these 2 right share will convertible into 2 ordinary share.
Means in the end, i will have 4 ordinary share + 1 warrant?

Hope can get more clarification from above statement. Thanks in advance.

1 more warrant that u miss out: BURSA-CJ
Today it's like hot cake.

cherroy: Thanks for explaination.

yah, totally agreed.
Dun chase those warrants which is far far far out of money. else ended like case mentioned above.

Luckily currently, i free of all stocks now..
waiting for right moment to go in..

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.

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...

---

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

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..

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

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.

I believe CNN futures for DJIA is not correct. Since morning, it has been showing +137 unchanged.
Better refer to bloomberg futures indicator.

Good..i also aiming on HSI counter.
But recently, China government did imposed very strict control on HS. For HSI to climb up to above 29K-30K is quite hard compared to end of last year. Hard to play with HK-warrants nowadays...

Yup, correct. There is still plenty of growth for those warrants that currently have few more months to go before expired.
UPDATE:
All Europe markets in RED after Citibank financial 4th quarter announcement.
DJ Futures -100. Big chillies for awaiting for us tomolo...

whooooaaaaa!!! more exciting that riding roller coaster..
alivecmh: ur HSI-C2 drop so much. u plan to average it? now at 0.05cents from previous 0.065
Now, its good time to collect some cheap and good stocks. shopping spree is begin !