Every sell is a buy
Actually the more accurate of saying it is more sellers want to throw the stock rather than more buyers want to buy the stock.

Haha, looks like I am a bad omen
Anyway my advice here is not to trade now unless u know wat u r doing, stocks might look cheap now but cheap doesn't mean it's worth, we are seeing them as cheap because we compare the price now with what the price were 2 months ago, which is not a good practice. Think carefully before investing!

Zero except REIT

KLCI approaching 1350 soon, analyst said strong support is at 1340, and if it breaches that, it can be quite bad, but I will put it at 1350...

I strongly recommend u guys to read this book, written in year 1930.

http://www.amazon.com/Reading-Market-Tacti...04253052&sr=8-1

This is a book about tape reading, which means the only 2 trustable items in your stock judgement is price and volume, coz these are the only 2 things that happen in the market. Ignore whatever news and just focus on price and volume. It also tells you in great detail how stock market is manipulated. Believe it or not, this book was written in 1930 and it's still published today, and it's one of the best tape reading book ever. Strongly recommend to you. I am still reading it...

Only sold at Kinnokuniya, I tried to find in MPH last time, dun haf...

Last time in New York market, all market activity is recorded in a tape, this include the transacted price, and the volume. So people will go and read the tape.
For current world, the tape is equivalent to our time-sales table, which means how much volume is transacted at what price at what time.

Tape reading means you analyze that in detail, trying to project the next market movement based on price and volume movement.

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Added on February 29, 2008, 11:11 amRead the book that I recommend and you will realize you can't trust a single analyst.

This post has been edited by okk: Feb 29 2008, 11:11 AM

The author sees stock market as a market, what it means is we are consumers, stocks are the goods, and those professional traders pool and syndicates are the seller. They will always purchase stock with low price and try to get us to buy with higher price, so we are not a partner to them, we are their customers. If you look at this relationship, you will have a completely different view on stock market. He gave a completely detail scenario on how this is manipulated with news, earning reports, etc...

He also brought up a good point. A stock direction by default is GOING DOWN. Unless there is someone actively playing or supporting it, it won't go up. And I totally agree with that. For example, GENTING might be a good company but if the big players are not playing it, do you think GENTING stock will rise?
Vice versa to those unknown stocks, if the big players play it, they will go up, regardless what the company is doing or it is making loss...

3 reasons when the pro are called in to manipulate the stocks:
1. When the big shareholder want to liquidate their share to get cash, they will ask the pro to help them jack up the price so they can sell at better profit.
2. When the company want to release new IPO or new shares, they will engage pro to publish news that this company is a very good company, so more ppl will rush in to buy the stock after IPO or new shares release.
3. When the company want to takeover or purchase company XYZ. They will engage pro to suppress company XYZ stock price so that they can buy with cheap price.

The author mentions it's NOT POSSIBLE for us to guess who is buying or selling. The most we can do is see how mcuh volume going and wats the quickness of the volume being transacted. All these pros will disguise themselves in their operations.
One more thing, when all ppl are heading to the same direction, that means something is wrong...

This post has been edited by okk: Feb 29 2008, 11:50 AM

The author gave a very sound statement.
He said if you are not willing to study tape reading in detail, by reading the volume and price movement, it's better that just buy a stock and hold, coz you can never outmanouvre these big players if you don't put in effort.

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.

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..

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

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...

Never trust analyst, even once...

That's correct.

Guys, it has now breached 1,300 and whole Asia region now is UP except Malaysia. Only fei fu dui dares to invest now

I am sticking to my style, never catch a falling dagger, got to have discipline...

Nope, to qualify for a rebound, the volume must be substantial.
If you see the index go back up but with minimal volume, that is not rebound, that is just some 'brave' ppl daring to go into the market...

Btw, if you are not owning any index-linked stock, don't even bother to look at the index...it doesn't show anything there...better just look at your stock. For example, nowadays selling is so heavy on main board stocks, but if u see mesdaq stocks, they r pretty stable coz not many foreign funds in mesdaq.

This post has been edited by okk: Mar 18 2008, 11:06 AM