The data i attain is wrong is it on CPO ??
My data shows today, CPO up by 10%, a whooping +393 to 4243.0. 10% up in a single day. Sure or not???? Can someone verify this pls.

OMG, imagine how much things will increase in price after GE.
Ya true. IF CPO price retreat, i think klse will down easily to below 1300 instantly.
Now klse still not so hurt bcoz our plantation counters only decline a bit only. but when cpo free fall, imagine IOI, KLK, SIME free fall...

This post has been edited by chinkw1: Mar 3 2008, 04:56 PM

maybe when CPO dropped...plantation drop...then it's time for O&G counters to push up KLCI again! hehehehe

btw.....i prefer inflation to go lower thus i also hope CPO price will go down also.....v have to take into account the whole community leh

wow so accurate, KLCI closed at 1330 (-26 points)

inside my watchlist,
BJTOTO has come to 5.00 while PBBANK has come to 10.30, ah ha!

Summary of today:

1. CPO up +11% in a single day, the highest one day gain in history.
2. KLCI down 27.
3. OIL at 102/barrel
4. DJ future -111 points.

This whole week will be red hot chilli week.

After GE, lets keep our fingers crossed.

OK, market closed at 1330, a very strong breach of the support level of 1350, and even beat 1340. Let's see tomorrow, if this continues. One more bad news from Dow Jones tonite, I am very sure KLCI will head to 1300.

yes! pana...if tomolo drop somemore i will pick up some!

our CI has been suffering ever since parliment dissolve, isn't, sigh!

and the irony part is, this is probably just the starting of the game!

This is quite normal in the week b4 GE, as foreign fund are uncertain on GE result.
Next week after GE, the doubt is cleared from the air, and they will pour in $ like Niagara FALL.

I think CPO will hit 4500 by next week.

Next week also, petrol will increase price, cooking gas, cooking oil, sabun, shampoo, cosmetics etc....up price.
If our investment gain in klse is higher than price hike, its OK no problem.

CPO now +405, higher than half hour ago

This post has been edited by chinkw1: Mar 3 2008, 05:18 PM

you pick up what?
you looks like having unlimited bullets ya

I doubt GE is the only factor here....just do not HOPE that things will really get better after GE, it's this mindset that has cause a lot of investment losses to investors, just my 2 cents..

Hi OkK,

The market sentiment reminds me of Asia Currency Crisis.

One bad news after another. More are coming out sooner or later.

I see no reason why CI should head towards 1500pts.

Unless foreign funds pump in money heavily after the election, quite unlikely. Correct me if i am wrong.

aiyah....as u told me last time....headache to choose ma...so if both drop then buy both half-half lo hehehhehehee

as i said earlier.....i pickup in 100 units by 100 units one leh....sikit sikit lama lama menjadi bukit ma hehehehe

True also.
Bear is coming.
The only BULL i see now is O&G and CPO related. Others no clue in their futures.

My opinion is look at what is happening now and analyze based on that. Looking forward to something which might or might not happen is baseless speculation. For example, hoping that foreign fund will come in after GE, this is a baseless hope (well, it might be true in the end though) because there is no data supporting it. We as retail investors, should only invest based on what you see now, because we do not have the chance to be the 'insider'. Instead of guessing around, we should stop to guess.
People might said with this style, I might miss the boat if the market really go up after election, well, for me, if the market is on the run, it will last more than 1 day or 2 days, there is no point to risk so much just trying to catch a bottom, which you might not even know....

Just my 2 cents again.

This post has been edited by okk: Mar 3 2008, 05:29 PM

I read a report that many plantations might not benefit from the high current prices bcos they odeli locked in 80% profit at CPO price RM 3,000+. Could be wrong anyway.

Personally I feel O & G is a good bet if prices are coming down a lot, if at big discount to the actual value of companies.

This post has been edited by SKY 1809: Mar 3 2008, 07:47 PM

On top of that, a lot of palm oil processing companies have already closed shops or almost dying because the raw material price is too high now, their profit margin becomes so small that they can't sustain their business.
So when the CPO is too high as of now, it won't last because all the processing companies will die off, which means there is no one taking the raw materials from palm oil companies like IOI, ASIATIC, etc....so based on my opinion, CPO price will not last long because it's aredi at critical level...

Yes, at Rm3000+, it is already extremely profitability for them. They would rather hedge rather seeing price goes down afterwards. It is always wise to hedge some portion as you won't know how future will be especially it is already in the high profitibility level.

Yup, this is baseless hope. That's why previous before GE, I already said don't put too high hope of GE alone.

Stock market is about future potential earning return. If future earning won't be improving, then there is not much reason for people to buy the share at higher price so stock market won't go up. On the other hand, if future is robust and earning is going to improve then return rate would be handsome then share price will go up because people eager to have them.
So better take the economy clue and business environment situation to determine where the stock market will go rather than hope this, hope that (No offence, it is natural so for people hope share price shoot up after they had bought). Stock market is not about 50 chance goes up or 50 chance goes down one, it is a leading indicator how economy will perform in next 6 months or 1 years time.

IOI does have downstream industry like palm oil refining etc as well.

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Added on March 3, 2008, 5:56 pmThe last price may be right, but +393 might not, might be using Thursday close price liao.
Today up a whooping more than Rm300 to close at 4308, look at the volume! More than 10k, it just show massive speculation is in place.

http://www.bursamalaysia.com/website/bm/ma...derivatives.jsp

This post has been edited by cherroy: Mar 3 2008, 05:56 PM

I'm staying at the sidelines now, cheap may become cheaper.

Yes, bottom could be quite far away. Not asking you to buy at bottom, but expect more downside risks .

This post has been edited by SKY 1809: Mar 3 2008, 06:19 PM

Then cheaper become cheapest.

I don't think currently level of stock price can be considered dirt cheap (yet). Something like don't need to rush for it.

It is more like fairly value, not too cheap, not too expensive (in general as some stocks may be expensive already and some stocks become quite cheap)

Just my opinion only, not necessay right.

This post has been edited by cherroy: Mar 3 2008, 06:17 PM