MAYBULK dropped 10 cents today, 3.66 now

I remembered you had Gamuda, have you sold it off?

Kesian.... I remembered because you were the only brave one to challenge it that time
Me oso stuck with Resorts dragging down my portfolio.

aiyah...almost got Maybulk@5.4..... kedekut again.....nvm la....if it's urs...it's urs. ...hehehee

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?

Futures? 

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?

Futures on paper looks easy, but when you start you own trade, then it might not as easy as one taught, involves some strategy, discipline issue. You need some discipline to cut loss sometimes, otherwise bring you to Holland, also don't know yet.

On paper looks easy 1 point = Rm50. Commission charge Rm25 per transaction, so Rm50 aka 1 point already breakeven. The hardest although look simple is which way do you trade? Just like FKLI now is 1172 for July, buy or sell? Current KLCI is 1190. This whether buy or sell is the hardest decision to make compared to buying stock. 

I feel comfortable to trade stock whenever time, but for futures I won't simply move in without any clear indication or direction. I always will monitor 30 stocks across the heavyweight KLCI component stocks (I set one favourite page pruposely for 30 major stocks in order to trade FKLI one), how those stocks move and trade accordingly which eventually affect the KLCI movement.
But sometimes, FKLI reluctantly to move according to the cash market (KLCI), by no mean KLCI up 5 points, FKLI must also up, it depends on the premium/discount of FKLI compared to cash market, and also market near future outlook. Just like recent bearish mood, FKLI tends to trade at least 10 points and above discount.

Although commission looks minimal compared to normal stock, it is not the covering the commission issue, but catch the right direction of market move at short period of time, which is very hard to do sometimes, although it is 50:50 like bet big or small only. 

Out of my trade previously 70% is on short side.

Just some of my experience.

E-minis are great, if you want to have small leverage and smaller risk.

Try calling Philips Futures in Singapore, these guys have good trading platform.

"Never fall in love with a stock, because it will never love you back."

Any comments?