http://malaysiakini.com/doc/rpk_against_rosmah.php

Holeee sheeet , what is this gonna do to the market on monday?

Surely now, the DPM's wife will be call upon the stands??

I don't think it will affect the market; but the parliament's morning session will be closely scrutinized by the public. We could see an early downfall of PM.

well many more news to come, i guess Najib will be in trouble too.
anyway a down fall od down jone

Technically KLCI has tested the support 3 times in the last 3 days. This time, unfortunately, it will remain below the key support 1200 level if DJIA closes below 200 points or more. There's too much political instability and the US banks credit woes doesn't help either.

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Added on June 21, 2008, 2:05 amDow Tumbles Below 11,900- AP
Stocks tumbled Friday on escalating worries about the financial sector and rebounding oil prices.

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Added on June 21, 2008, 2:11 amDJIA is 5% away from its 52 week low.

DOW JONES 52 week low 11508.74



This post has been edited by AdamG1981: Jun 21 2008, 02:13 AM

How about 2.50?

Analysts are quick to change their tone one, otherwise will get fired. Haha, just joking, no offence.

TP doesn't mean anything actually, it is the company fundamental aka profit that matter the most. Since I familiar with stock market, I don't bother how analysts said about TP this, TP that. What I concentrate is the company able to generate profit for me, that's all and simple. Just my preference, not necessary correct.

I had stated Resorts is not cheap at 3.50 level even based on PER alone. I don't know how they value it at 5.50 as it would imply 20x + PE which historically proven PER more than 20x is not sustainable unless profit level catch up quickly.

Having said that, it might be oppportunity in near term as market is entering bearish state, so market might overshoot on downside as well. Remember the half tank theory?

This post has been edited by cherroy: Jun 21 2008, 09:51 AM

Dow jones RED

HI...apa khabar cherroy?

Monday Will be Red Again

DOW JONES 11,842.69 Down -220.40 (1.83%)
Day's Range: 11,818.83 - 12,062.19

then u got buy kah?

monday confirm red one .... no contra for this period.

Just received a cheque for the Magnum Privatising exercise

Extra bullets for comming Monday

...but a bit sad that my top Dividend paying counter has to go

Well in the month of July, CI will be testing 1150 support. ITs all downtrend from here.

Motion against PM likely on Monday
http://www.thestar.com.my/news/story.asp?f...9182&sec=nation

A 20 point drop on Monday?

a 15-20 point drop on mon morning but with recovery in afternoon to minus 5 - 10 points .buy in the morning and sell in the afternooon !

.... this is like football betting ...

So, it is half-tank empty now, sigh..what to do , have to prepare some bullets when the worst comes(@2.00 perhaps as my aim)
sigh....its really difficult to make real money in stock market, all the hard work done last year to realise my profits (about 30k), I can say its almost erased.
Now, I can only rely on the meagre dividends.

If making money in stock market is as easy as buy today, sell next week, then everyone doesn't need to work anymore. Haha. Just joking.

Having said that, it is quite easy to make money in stock market also, buy strong fundamental stock, keep it and forget about the share price, just monitor company financial health. (You need company financial health to stay intact as a reason to keep the share)
While meantimes, take annual dividend similar to FD give you interest. Then after 5-10 years, only look at the share price, then high probably you will be making money.

This post has been edited by cherroy: Jun 21 2008, 10:36 PM

I always have a simple rule of thumb; buy when the analyst say sell, and sell when the analyst say buy.

Buy when there's a pullback, sell when here's a rally. These big boys (FF) controls the direction and movement of our blue chips.

anyone trade emini S&P 500?

This post has been edited by aretla: Jun 22 2008, 12:45 AM

Futures?

yupe... im bored with klse...bored with long term INVESTMENT....bored with a market which only can make money on uptrend...

u have exp in emini trading?

I trade FOREX and FKLI and equities in the US. Before you jump in to emini S&P500, you should try our futures (FKLI) first. The range is between 10-20 points normally, so swing trading is possible. But 1 point in Emini is 1 usd. So might be safer.


Which account do you have for emini S&P500?



This post has been edited by AdamG1981: Jun 22 2008, 01:28 AM