Damn CI. GO down you fool!

That's because i have quite a number of futures contract outstanding. I had to buy back today. Lost quite a bit. Now Q for June 08

My friend, i think CI will be very strong today.....I had to cover my naked ass just now...

No my friend, you wont want to do that. The skies are still dark and gloomy

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Added on May 30, 2008, 9:48 amCI trying to break 1270. GO!

This post has been edited by AdamG1981: May 30 2008, 09:48 AM

Long-ed June 08 @ 1264, got out at 1268....nice profit...time for kopi

Going in again Futures June 08.

Go Digi, Go Genting, Go Sime, GO KPS! Make my CI go up!

Covered my May position, now long June position.

AirAsia CEO Tony Fernades will be interviewed today on CNBC @ 8:30 am Central UK time.

This post has been edited by AdamG1981: May 30 2008, 02:08 PM

Well, he might be lucky since US regulators are looking into speculation of commodities futures; limiting speculation positions and controlling margins. If that's the case, then you might see declining oil prices.

This post has been edited by AdamG1981: May 30 2008, 02:22 PM

Also, not to mention AirAsia doesn't disclose its fuel hedging policy in specifics, and its debt management. Remember that the AirAsia's debt is in USD and looking at US tresuries, the expectations are that the US IR will go up pretty soon. AirAsia claims 90% of its debt is hedged against any negative upward movement of the dollar. However, i have yet to see any specifics.

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Added on May 30, 2008, 2:33 pmGO GENTING GO!

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Added on May 30, 2008, 2:39 pmHedging is a temporary painkiller?? WTF????? No hedging means no insurance?

He's also maintains he will accelerate Airbus deliveries??? Wow...

This post has been edited by AdamG1981: May 30 2008, 02:39 PM

Still have my positions open ... June 08 LONG!

Todays trade:
June 08 FKLI
Bought 1264 Sold 1268
Bought 1267 Sold: pending

Well, i could have sold at 1271 since i had a sell order at that price but decide to leave it since technicals are showing CI breaking the current downtrend. We'll see.

Sorry, but i have to agree with other analysts. GAMUADA is a strong sell. The vietnam market is struggling with higher inflation and with rapid credit tightening along with higher interest rate, the property scene REALLY doesn't look good.

Haha

Todays' position:

SHORT June FKLI 2008. I just closed my position at 1270. Made 3 decent points. Not bad. Hopefully CI close RED RED...

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Added on June 2, 2008, 10:04 amSell Sell Sell!!! Pending disaster coming!!

This post has been edited by AdamG1981: Jun 2 2008, 10:04 AM

Mikiyo, orders are done through telephone to your FBR. (Futures Broker Representatives)

Try speculating FKLI, instead of just buying, you can sell short too.

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Added on June 2, 2008, 10:25 amToday red red

So can go BOTTOM fishing!

This post has been edited by AdamG1981: Jun 2 2008, 10:25 AM

Fundamentals are used mostly in long term speculation or investments. Many of us actually use technical analysis to judge on our decision to wether sell short or long.

It's not easy, trust me. With a multipier of RM 50, you can use small capital to make big money or you can also lose your pants.

For example:

CI drops by 10 points; you are long
FLKI follows suit, 10 points drop

10 points x number of contracts you bought x RM 50

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Added on June 2, 2008, 10:30 amYes, all orders are done via telp.



This post has been edited by AdamG1981: Jun 2 2008, 10:30 AM

You can trade as many times as you want in a day; buy first sell later, or sell short first buy back later. Commission is negotiable with your FBR but it is PER CONTRACT.

I am shorting today. Closed my position today (bought 1267, sold 1270)

However, the JUNE contract expires in June, and so forth. You can do a roll over, but you have to pay a fee to the brokerage.



This post has been edited by AdamG1981: Jun 2 2008, 10:38 AM

China Leads Asia in Retreat From Inflation Battle, Risking Bust

June 2 (Bloomberg) -- Plummeting currencies did in the first Asian economic miracle. The second may fall victim to surging inflation.

Read more here:
http://www.bloomberg.com/apps/news?pid=206...4K0c&refer=home


Vietnam, India, China, three major Asian economies have tighten their money supply and increase interest rate to combate inflation!!

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Added on June 2, 2008, 10:47 amNo, the bid and ask is higher majority of the times. This is what we call by contango. In theory, the future (FKLI) and the spot price (CI) will converge at expiry.

Since we have almost 20 trading days to go till expiry, the FKLI BID AND ASK is usually HIGHER. (Again, contango) So if you would want to buy one contract, you would have to Q at 1269 since ask is 1269.5.

However, to purchase or sell short one contract, you must deposit RM 6000 PER CONTRACT. So, 10 contracts, 60000 rm must be in your Futures account.





This post has been edited by AdamG1981: Jun 2 2008, 10:47 AM