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 Stock Market V12, Stock Market talk, some are investors, some are gamblers..

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Seng_Kiat
post Apr 27 2008, 11:38 AM

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guys,

is there any news about the sel-phg pipe project? .. who get the tender? .. if i am not mistaken, last tuesday suppose the date to announce who get it but no news at all until today .. sad.gif ..
dsugums
post Apr 27 2008, 06:17 PM

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QUOTE(Seng_Kiat @ Apr 27 2008, 11:38 AM)
guys,

is there any news about the sel-phg pipe project? .. who get the tender? .. if i am not mistaken, last tuesday suppose the date to announce who get it but no news at all until today .. sad.gif ..
*
Last Tuesday was the closing date for the tender. Not sure whether JAKS, UEM, KHSB, KPS submitted the their bid. They will take a couple of weeks or months to finalise the tender offer.
zamans98
post Apr 27 2008, 07:12 PM

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TA = for show off
NEWS = for real traders

jongkolkhoo
post Apr 27 2008, 08:17 PM

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QUOTE(cherroy @ Apr 27 2008, 09:47 AM)
If market trading is so simple, then the author and lot of traders already become rich by now. Don't need to be author anymore.  icon_idea.gif
Don't get me wrong, I highly respect all the authors the investment analysts. Just highlight why don't blindly believe any strategy.

There are 10 days moving average, 60 days, 100 days, bollinger band, RSI, MACD etc. None of them giving fool-proof strategy. It just give you a reference point so that at least you know what is happening. <-- that's the main point and usefulness of TA.

Just like resistance level or support level. From TA or charting, we can draw out a resistance level based on a chart, it just means whenever the stock price reach at this price range, more sellers eager to sell. But it doesn't mean it can't go over the resistance level if there are more buyers keen to buy. But at least you know the stock come to this level, sellers will start to emerge.

So one must understand the meaning of each TA tool.

Technical analysis is using old data (stock price for the last few days and months) to interprete the movement trend, but it doesn't mean future of next few days or weeks, the movement will be guaranteed to be the same.

TA merely as reference is good but not for blindly believe.

Just my 2 cents.
*
wow rclxms.gif rclxms.gif
i don't understand a single thing..

To me , just buy if got money and sell if make money. But most of the time no money doh.gif
How I wish to understand all these but my brain is kinda jammed...
Got stock trading for dummies or not? Think i need to get one.


Seng_Kiat
post Apr 27 2008, 08:25 PM

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QUOTE(jongkolkhoo @ Apr 27 2008, 08:17 PM)
wow  rclxms.gif  rclxms.gif 
i don't understand a single thing..

To me , just buy if got money and sell if make money. But most of the time no money  doh.gif
How I wish to understand all these but my brain is kinda jammed...
Got stock trading for dummies or not? Think i need to get one.
*
haha .. for me .. i look at the graph .. if it shows upward and the vol is high, i will get the share .. but for contra only .. no money to pick up since a few thousands already in ftec .. doh.gif doh.gif doh.gif .. btw, i am still a student .. biggrin.gif ..

for contra play, i will get ready around rm150-rm300 to pay if i loss. If i have no money ready to pay for loss, i would not go for it .. just seat at sideline .. biggrin.gif ..


Added on April 27, 2008, 8:29 pm
QUOTE(jongkolkhoo @ Apr 27 2008, 08:17 PM)
wow  rclxms.gif  rclxms.gif 
i don't understand a single thing..

To me , just buy if got money and sell if make money. But most of the time no money  doh.gif
How I wish to understand all these but my brain is kinda jammed...
Got stock trading for dummies or not? Think i need to get one.
*
haha .. for me .. i look at the graph .. if it shows upward and the vol is high, i will get the share .. but for contra only .. no money to pick up since a few thousands already in ftec .. doh.gif doh.gif doh.gif .. btw, i am still a student .. biggrin.gif ..

for contra play, i will get ready around rm150-rm300 to pay if i loss. If i have no money ready to pay for loss, i would not go for it .. just seat at sideline .. biggrin.gif ..

This post has been edited by Seng_Kiat: Apr 27 2008, 08:29 PM
lklatmy
post Apr 27 2008, 08:34 PM

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QUOTE(SKY 1809 @ Apr 27 2008, 09:47 AM)
I believe there is a misconduct on the part of Bursa when they did not implement the circuit breaker properly.

More so the system is designed by professionals, should be well tested. They should not rush to implement one just because Dow Jone is having one. You cannot design a traffic light supposed to turn red, instead turning green in all directions. Perhaps, it is the Malaysia's ways of life, people have to get used to it.

Bursa is promoting themselves to the among the best in the world or Asia, in a way is misleading also.

They never think they have to use the circuit breaker at all, that is the main problem.
*
I don't side Bursa but in this case,I think the so called "misconduct" on the part of Bursa when they did not implement the circuit breaker properly,does not qualify anyone to make a claim against the Compensation Fund,The fund is intended more to make good pecuniary losses suffered by market participants as a result of fraud,breach of trust ,etc,eg,investment bank folded and client could not get back his money in the trust account.

I think all systems tend to have unforseen problems but Bursa should really not be excused for the problem occured in the FKLI market and the slow down in the system after circuit breaker.


Like I mentioned earlier in this forum,Bursa was supposed to implement a new trading system known as Bursa Trade wef April 2008.It is already nearing the end of April and there had been five testings over five saturday where we were required to participate.The sixth testing was supposed to be held on 26/04/08 but was canceled on the eleventh hour.I would say Bursa is not doing a good job here
as the testing seems to be haphazardly done and very often short notice is given,as a result,the Remisiers attending the testing gets lesser each time and the purpose of the testing may not be achieved.

Bursa really needs to bug up.

This post has been edited by lklatmy: Apr 28 2008, 09:33 AM
cherroy
post Apr 27 2008, 09:54 PM

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QUOTE(lklatmy @ Apr 27 2008, 08:34 PM)
I don't side Bursa but in this case,I think the so called "misconduct" on the part of Bursa when they did not implement the circuit breaker properly,does not qualify anyone to make a claim against the Compensation Fund,The fund is intended more to make good fiduciary losses suffered by market participants as a result of fraud,breach of trust ,etc,eg,investment bank folded and client could not get back his money in the trust account.

I think all systems tend to have unforseen problems but Bursa should really not be excused for the problem occured in the FKLI market and the slow down in the system after circuit breaker.
Like I mentioned earlier in this forum,Bursa was supposed to implement a new trading system known as Bursa Trade wef April 2008.It is already nearing the end of April and there had been five testings over five saturday where we were required to participate.The sixth testing was supposed to be held on 26/04/08 but was canceled on the eleventh hour.I would say Bursa is not doing a good job here
as the testing seems to be haphazardly done and very often short notice is given,as a result,the Remisiers attending the testing gets lesser each time and the purpose of the testing may not be achieved.

Bursa really needs to bug up.
*
One word to describe, GLC. sad.gif

FKLI problem is more severe recently, happens several times already. FKLI involves lot of money in stake, once system glith might cause clients to lose signficantly amount of money. Then who can they claim for the losses? None. Blame yourself only. I understand this is not under the compensation fund. But this is more on reality and more importantly creditibility of the exchange.

As I got trade in FKLI, there is once on the day Maybank being ex-dividend (60 cents or 40 cents), as you know Maybank is the top KLCI component stocks. KLCI fails to show up for the nearly 1 hours + since 9.00 am because the ex-dividend causing the KLCI computation going hair-wired. So KLSE fails to show KLCI for near 1 hours+, then for futures trader like me even instituitional fund, how to trade FKLI? As FKLI trade still going on, all blindly trade only?

Also only several counters are being traded only in futures market, also volume kind of mild only (max about 10K contracts on spot month only) so difficult to implement a robust system to trade? Really don't understand. Then how to catch up become a world class exhange? doh.gif
SKY 1809
post Apr 27 2008, 10:02 PM

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QUOTE(lklatmy @ Apr 27 2008, 08:34 PM)
I don't side Bursa but in this case,I think the so called "misconduct" on the part of Bursa when they did not implement the circuit breaker properly,does not qualify anyone to make a claim against the Compensation Fund,The fund is intended more to make good fiduciary losses suffered by market participants as a result of fraud,breach of trust ,etc,eg,investment bank folded and client could not get back his money in the trust account.

I think all systems tend to have unforseen problems but Bursa should really not be excused for the problem occured in the FKLI market and the slow down in the system after circuit breaker.
Like I mentioned earlier in this forum,Bursa was supposed to implement a new trading system known as Bursa Trade wef April 2008.It is already nearing the end of April and there had been five testings over five saturday where we were required to participate.The sixth testing was supposed to be held on 26/04/08 but was canceled on the eleventh hour.I would say Bursa is not doing a good job here
as the testing seems to be haphazardly done and very often short notice is given,as a result,the Remisiers attending the testing gets lesser each time and the purpose of the testing may not be achieved.

Bursa really needs to bug up.
*
Do not mean to argue anything but putting a circuit breaker on is not easy as pressing a button or what.

I understand many matched transactions were canceled along the way. That was why many matched orders had to be rekeyed into the system but the short one hour was not enough to do everything. Therefore the systems were "hanged" to match back transactions canceled earlier. New orders were purposely " hanged".

There was a cover up by Bursa. Bursa is formed under the Companies Act. She is liable under the CO ACT, IS NOT ABOVE THE LAWS.

The laws must be fair to all, but most of times meant to catch small retailers on some minor matters.

Quite similar to our BN, only do something when they lose the election. Otherwise, they are above the laws.

This post has been edited by SKY 1809: Apr 27 2008, 10:16 PM
sharesa
post Apr 27 2008, 10:21 PM

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QUOTE(Seng_Kiat @ Apr 27 2008, 11:38 AM)
guys,

is there any news about the sel-phg pipe project? .. who get the tender? .. if i am not mistaken, last tuesday suppose the date to announce who get it but no news at all until today .. sad.gif ..
*
its already known but not out in the newspapers yet.
panasonic88
post Apr 27 2008, 10:23 PM

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QUOTE(sharesa @ Apr 27 2008, 10:21 PM)
its already known but not out in the newspapers yet.
*
"known" as in, JAKS got it?
Seng_Kiat
post Apr 27 2008, 10:25 PM

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QUOTE(sharesa @ Apr 27 2008, 10:21 PM)
its already known but not out in the newspapers yet.
*
so .. which company got it? .. JAKS hopefully .. smile.gif smile.gif ..
sharesa
post Apr 27 2008, 10:33 PM

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QUOTE(panasonic88 @ Apr 27 2008, 10:23 PM)
"known" as in, JAKS got it?
*
QUOTE(Seng_Kiat @ Apr 27 2008, 10:25 PM)
so .. which company got it? .. JAKS hopefully .. smile.gif smile.gif ..
*
Main contractor is a Japanese company,
but to whom they are linked with I have no idea.
Seng_Kiat
post Apr 27 2008, 10:45 PM

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QUOTE(sharesa @ Apr 27 2008, 10:33 PM)
Main contractor is a Japanese company,
but to whom they are linked with I have no idea.
*
oo .. as i know, KPS holds JAKS share. Say, KPS gets it, will it effect the price of JAKS share also? and vice versa? ..
sharesa
post Apr 27 2008, 11:00 PM

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QUOTE(Seng_Kiat @ Apr 27 2008, 10:45 PM)
oo .. as i know, KPS holds JAKS share. Say, KPS gets it, will it effect the price of JAKS share also? and vice versa? ..
*
IMHO, KPS highly likely secure some part of the project, this in turn will benefit Jaks as well because KPS hold a big chunk of shares in it so, as any piping job required should be passed on to their partner.
These 2 wks, these 2 companies have run -up quite a lot, only afraid that when after news announces, share price may dive, as there is a saying "buy on rumour, sell on news" but this may not neccessary happen.

This post has been edited by sharesa: Apr 27 2008, 11:02 PM
alivecmh
post Apr 27 2008, 11:05 PM

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KPS also got 60% stake in KHSB, taht's y KHSB also benefit if KPS got the project
sharesa
post Apr 27 2008, 11:07 PM

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QUOTE(alivecmh @ Apr 27 2008, 11:05 PM)
KPS also got 60% stake in KHSB, taht's y KHSB also benefit if KPS got the project
*
Alive, still holding some KHSB?
lklatmy
post Apr 27 2008, 11:49 PM

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QUOTE(SKY 1809 @ Apr 27 2008, 10:02 PM)
Do not mean to argue anything but putting a circuit breaker on is not easy as pressing a button or what.

I understand many matched transactions were canceled along the way. That was why many matched orders had to be rekeyed into the system but the short one hour was not enough to do everything. Therefore the systems were "hanged"  to match back  transactions canceled earlier. New orders were purposely  " hanged".

There was a cover up by Bursa. Bursa is formed under the Companies Act. She is liable under the CO ACT, IS NOT ABOVE THE LAWS.

The laws must be fair to all, but most of times meant to catch small retailers on some minor matters.

Quite similar to our BN, only do something when they lose the election. Otherwise, they are above the laws.
*
That's really serious cry.gif .The official version is that there were too many orders when trading resume after the circuit breaker,as a result,the system could not cope and thus,the slow down.

Not quite sure whether Bursa can be held liable.
jongkolkhoo
post Apr 27 2008, 11:56 PM

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all these water shares are high now. i rather stay side line.
hopefully can make some starbuck money.. from non water counters..

Vv.SoViEt.vV
post Apr 28 2008, 12:18 AM

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Hey guys, I dont understand the process behind Open and Close. Example, for TM case, Bursa stated that it will open at RM3.05 but the exchange opens at RM3.50. Same goes to normal counters in bursa. Why is there changes? is this called off market trading?

Dont you guys think this is unfair the price started 50 sen higher than stated by Bursa?
SKY 1809
post Apr 28 2008, 12:36 AM

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QUOTE(jongkolkhoo @ Apr 27 2008, 11:56 PM)
all these water shares are high now.  i rather stay side line.
hopefully can make some starbuck money..  from non water counters..
*
Quite some time back, there used to a listed company manufacturing paper products. The shares were pushed to Sky high.

If you did not check the background, you would think they were in black gold ( oil ) business.

If you were to look back the shares you bought, let say 5 or 10 years from now, some companies could no longer exist. Most investors become long term investors by force . If you have invested in shares under SC's investigation, you could end up as a long term investor.

I am glad you are wiser today.

This post has been edited by SKY 1809: Apr 28 2008, 08:46 AM

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