Just for chit chatting.

A day to remember, we are entering bear market now!

Did a wrong calculation yesterday, ter-bought LIONDIV, this morning market terus plunge -40 plus point, no chance for me to cut lost, since LIONDIV is one of my favourite counter, (not too worry as it is not foreign warrants where the price will depreciate as the maturity date is near), plus i have ready cash in hand, so I decided to take this up & keep.

Got another PBBANK on yesterday, too,
i thought i would want to contra today
but look like not possible
however PBBANK is having great support at 10.70 to 10.80
so i shall just hold & wait first.

What about you guys? cut lost already? or shopped for something this morning?

Welcome to share

Well I've been waiting for this kind of drop a almost 2 months already. I have a short shopping list.

Planning to buy more YTLPOWR
Planning to buy Maybulk when the BDI stabilize
Planning to BUY OSK because all their HK-CW actually make them money since HK shares lausai hahaha

Haha, haven't cut loss, still holding to my TENAGA.
Today a low of RM8.85, so better keep it until there are some changes.
Planning to buy some today.

btoto looks charming today

IMO, buying YTLPOWR is not that attractive. Even with its constant dividend at about RM0.10 the yield is a mere ~4%. Do you see more upside in this counter? I certainly stop looking at them at this price.

i remember one of our senior - GenX written at here before, that

PANAMY is worth monitoring if price drop below 11.00 (for dividend)

nope, not cutting loss..everything that goes down would eventually go up in course of time, just picked up some remnants of whatever is cheap a bit by bit, market will heavily depend on DOW tonite and tomorrow's regional market since we are off.

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Added on January 22, 2008, 11:49 amit is still standing strong at 11.00..very defensive ehh..

This post has been edited by warbamboo: Jan 22 2008, 11:49 AM

Actually it is closer to 8-9% if you count the share dividends (4%) which is being distributed every year since 2005.

FYE 2007 cash dividends was at 0.05 + 0.0375 + 0.0375 = 0.125 per share or 5% at current share price

FYE 2007 share dividend was 1 share for every 25 shares held = 4%

This post has been edited by skiddtrader: Jan 22 2008, 11:53 AM

no, PANAMY is coming down, slowly
it is one of my monitored stock, too

I waiting for DIJACOR, already missed my intraday.
Now it is as steady as a rock

im sure it would be, your nickname says it all.

its proly the last drop before it goes up abit again and goes straight down....

Wow, can lend your crystal ball?

LOL! hahah...nola...if u see based on graph ler....looks like we r reaching our last up before the big plunge and gotto go thru the more or less 10 years cycle again ...and of coz this is just theory at the moment la...

This post has been edited by mIssfROGY: Jan 22 2008, 12:36 PM

I got GENTING but planning to keep this long term. If prices are right, will go in for the quality blue chips.

You can't take into account for the yield calculation. Those should be considered as bonus, it is more advisable to take the consistently dividend for the justification.

Just my 2 cents.

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Added on January 22, 2008, 12:58 pmYou can't take into account for the yield calculation. Those should be considered as bonus, it is more advisable to take the consistently dividend for the justification.

Just my 2 cents.

This post has been edited by cherroy: Jan 22 2008, 12:58 PM

if u bought liquid counter still can cut lost
if u bought those counter that dun have bid... die lo...
tonight no need sleep liao

Up until afternoon session

I still holding all my stocks, not plan to cut loss. keep it until next bull since i still have cash in hand.
I bought in tenaga 8.90 today.
Happy shopping.

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Added on January 22, 2008, 1:44 pmi wanted to buy in at 4.82 but rebound some fast.. we still have chance ..

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Added on January 22, 2008, 1:47 pmi'm still confident of YTL power, will grab at price RM2.20

This post has been edited by TopGunn: Jan 22 2008, 01:47 PM

who said red is always good during CNY

early ANG POW from KLSE... sigh



This post has been edited by panasonic88: Jan 22 2008, 02:06 PM

yeah...you mean ang-POW!

Haha, maybe I'll buy 10 lots of HKEX-C5 for fun.
During such a market, at least find some enjoyment
Who's with me?

*** deleted ***

This post has been edited by Empathy: Jan 22 2008, 02:39 PM

FYI, HKEX-C5 exercise price is HKD250, HKex mothershare is HKD 156 at the moment.

gua tak mau main hkcw

If those CWs is going to be expired on this month or coming months one, then say bye bye already, worth nothing, worst than toilet paper (as now is paperless under CDS ), previously we called those worthless shares as 'toilet paper' (in Hokkien) as those share certificate can be used as toilet paper already.

A lot of CWs are worthless in the market now.

Yup, hv to agree with you. Those CW which going to expire.. run run run. May be a bit too late.

aiyaaa!, pana also using hlebroking ka!

I cut loss my first trade, lossess 300++
aiyaaaaa, everybody panic ma, cannot do anything

This post has been edited by mmusang: Jan 22 2008, 04:24 PM

aww wanna cut lost PBBANK @ 10.80, but fail to

Wow, good price for your TENAGA

Haha, I did mention I just want to buy for fun

tot u wanna keep for long term

tomolo klci might drop another 50pts, then will be the time to go in ;-)

tomolo market close shop..thaipusam.

Market is closed tomorrow, dude.

Wah today and yesterday combine already 100 point down. Still not as cheap yet, but maybe more downside come Thursday.

panasonic88,

1) I guess that mean you did not learn the BASIC lesson. You make money when you buy.

2) Why do you want to sell a counter that pay you RM0.75 dividend per year which is around 6% dividend??

3) You ONLY sell something when you have BETTER opportunity to make money. You mean that you have SOMETHING that make more than 6% dividend per year.

4) I am going to sleep for 5 years for this counter. I am counting on people like you to drop the counter to RM8 or lower before I buy some more. This counter had survived 97/98. It will survive when Malaysia recession hits.

5) The bottom line is can you control your emotion?? And, that is dependent on how much savings that you have. I have liquid asset that can sustain my livings for 5 years without selling any investment. Staying power..

Dreamer

This post has been edited by dreamer101: Jan 22 2008, 08:11 PM

Fed cuts rates of 0.75%


let see how klci respsonse

Well we will be spared for one day if DJIA still falls even with the Fed rate cut. 0.75% is quite strong and they even did it even before their meeting. But as with all rate cuts in the past, after 1 cut the stock market will rise then proceed to fall again. This time if Bernanke say he won't promise another rate cut, the market will go down again just like last time.

A steep rate cut only confirms the fear of recession. Now only waiting for the first person to say they are in recession.

This post has been edited by skiddtrader: Jan 22 2008, 10:01 PM

Huh? FED oredi begin cut rates 0.75% before FED meeting end of the month? Really ar?
Sure will naik pang pang seng..

cuttin rate is not a good solution...

if d market go up, i will use this opportunity to reduce my losses..

btw, if u see klci chart price, there is many gaps... these gap most probably will be cover sooner or later...

ya, i do agree with u with this cut rate. More rate -> inflation risks will be high which is not good to economy in long term.
But market need temporary boost so that it will rebound. Too many drops in all markets recently which not good to small retailers like me.
yah, me too. Plan to sell on strength before bull lose its strength.

Means KLCI will rebound and fill the gap inbetween? Sorry for noob question since im still learning TA.

there r few kinds of gaps... some will b refill n some will not...some need longer time n some vry fast.. i think u shud read book of Encyclopedia of Chart Patterns... a vry good book i must say


edit: i''ll glance through the book when i hav time

This post has been edited by low yat 82: Jan 22 2008, 10:22 PM

Thanks for the book recommendation. Still downloading...
Btw, for those who interested to read this book. Here is the link

Enjoy the reading. Hope we can become expert like lowyat82..

im not expert.. >.<" still learnin... i still cant foolow my rules yet... celakak... act need cut loss, but still holdin... guess im jus normal human

edited: u sure d book is inside? its a book by thomas bulkowski... 2nd edition is better

This post has been edited by low yat 82: Jan 22 2008, 10:48 PM

Yah, sometime we know the theory but in live environment, we cant practise it accurately.
Human does make mistakes. Hope can learn from it and minimise it.

Well, im still downloading...

As saw from its description. Ebooks inside rar file:
Dow.pdf
Economics - How The Stock Market Works.pdf
Eday - Trading In Mind.pdf
Elder Alexander - Come Into My Trading Room - A Complete Guide To Trading.pdf
Elder Alexander - Trading For A Living.pdf
Electronic Trading Systems In Europe And Development Potentialities For Russia.pdf
Eleswarapu And Venkataraman-The Impact Of Legal And Political Institutions On Equity Trading Costs A Cross-Country Analysis.pdf
Eleswarapu, Thompson And Venkataraman-The Impact Of Regulation Fair Disclosure Trading Costs And Information Asymmetry.pdf
Emotion Free Trading Book.pdf
Encyclopedia Of Chart Patterns, 2nd Edition [2005 Isbn0471668265].pdf

Im not sure whether this is the book that mentioned by u.

Will confirm with u once i finish download it.

omg...i still got ICBC-C5 in hand...cannot run leh...cham...cham

for from view they will be a further drop, if a drop this way is a good market. many people cannot afford to buy high price.
i am wating drop till 1000point in malaysia.

me too..still keeping HSI-C1. bought at 30cents..now dropping..
HSI please rebound tomolo and day after so that i can sell it off. And hibernate for few weeks (maybe after CNY)

If my memory does serve me well, once after FED cut rate -> it would be risk for inflation, ppl will sell off just like last Dec ago
but well, different case apply to different scenarios. Hope this time cut rate will be different story and bring bull for at least 1 week.

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Added on January 22, 2008, 11:49 pmlowyat82:
Finally finish downloading..
Confirm that book that u referring to is inside the .rar file by Thomas N.Bulkowski second edition.

wah, inside got 1035pages..will take time to digest it.
Btw, currently im reading "Candlesticks, Fibonacci amd Chart Pattern Trading Tools" by Robert Fischer. It is good in the sense that it describe what is hammer, hanging man, etc....
Importantly, it contain 273pages only..hehe..


This post has been edited by dreams_achiever: Jan 22 2008, 11:49 PM

yar.. i also read d that book... IMHO, d important in that book, is onli ab no 3 n retracement of 61.8%. d thingy ab phi is crap lar... persuade people to buy their software..

no no no, you guys misunderstand me

i am currently holding 1500 shares of PBBANK
the one that i am going to dispose is the 1000 shares which i bought two days ago (not intend to keep as i thought i could intra the share since PBBANK announced its financial report on monday evening)
but i calculated wrongly, the shares doesn't go up, but going down due to the recession fear

do not worry, i am more gan cheong than you, i will sleep with my remaining PBBANK shares for atleast until end of the year

This post has been edited by panasonic88: Jan 23 2008, 07:31 AM

Finish download liao, but got password

try use pass word static... not too sure though..

Opps..sorry. forgot to mention password to extract it.
yah, password is "static". Actually, got this link from LYN. Thanks to contributor here..

today HK up...hope tmr thursday can sell of my ICBC-C5...
what about u dreams_achiever??

Yup its static...Thanks...

yup...hardly wait to sell my HSI-C1. many analysts said it is just temporary rebound. Better sell while u still can.
Not sure what next will awaiting u...Market too volatile recently.
Me nearly heart attack when its drop more than 50% in just 2 days.

Hope tonight DJ will perform well. cheers...

hk up 10% today

if today klse open, the one who has hsi-cx will laugh

This post has been edited by panasonic88: Jan 23 2008, 07:14 PM

yeah...need to sell off earlier liao...
really heart attack when HK drop 2k that time...
pray tmr green, then can sell off asap....ICBC-C5 at 0.040...