Gamuda stop bleeding liao...

just bought Gamuda at 2.43 for 20 lots....wish me luck, guys!

last min push up all heavy counters as can be seen for CI to go up 14.28 points from 7 points

windows dressing eg genting from 6.15 drop to 5.90 and then up close at 6.15 the last min.

same for maybank, tenaga, pbbank,sime, tm1,ioicorp,digi bought above 1000 lots to close higher in order to push CI index up

This post has been edited by mlpk: May 30 2008, 05:09 PM

Just got this piece of news:

Dowjones News

DJ MARKET TALK: CITI CUTS GAMUDA TARGET TO MYR2.57 FROM MYR3.00

0135 GMT [Dow Jones] STOCK CALL: Citigroup cuts Gamuda (5398.KU) target price to MYR2.57 from MYR3.00 after removing earnings contributions from Vietnam's property sales over next two years. Cuts FY09 earnings estimate 27.3% to MYR432 million, cuts FY10E estimate 36.4% to MYR537 million. "Reflecting the sharply deteriorating macro picture, rapid jump in the inflation rate, and severe plunge in the stock market, we are turning more cautious on Gamuda's property venture in Vietnam." Tips more downside potential as house's forecast cuts haven't factored in potential delays in double-tracking project; notes Vietnam property sales delays could also mean company would need to rely entirely on borrowings to fund initial infrastructure outlay. "Coupled with the delay in the sale of SPLASH, chances are Gamuda may have to review its generous dividend policy." Keeps Sell rating, says valuations not compelling. Gamuda down 6% at MYR2.80. (LES)



DISCLAIMER

i scare this guy will pee in his pants in the near future

Those mostly (99%) are belonged to fund one, not their own money. Win or loss will only determine the fund managers reputation, but won't hurt their own money.

i target maybank 7.00 also

cherroy pls explain for ppl like me how they calculae the settlement price for the FKLI futures? does pushing the CI to +14 at last minute really help them? is the settlement price the closing CI price or is it an average of the last day? Thanks in advance.

Settlement price is not using the closing price. They will compile the CI for the last 30 minutes before closing ie. start from 4.30pm. So with KLCI is published in 1 minute interval, you have 30 data. But they will ditch out the highest and lowest and left 28. Then the final settlement price will be those 28 average.
So today closing price of CI +14 1276 is not going to be used, as it is the highest.

That's why sometimes you see a lot of 1 lot done here and there as someone try to push the index a little bit higher especially at month end after 4.30pm.

So even KLCI close at 1,300, still settlement price is 1269 (I don't exactly today settlement price, as not following it as not trading it for recent few months, but roughly around that)

This post has been edited by cherroy: May 30 2008, 05:32 PM

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

What price you go in? Mind to share.

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

Thanks alot cherroy!!

but if the hold on longer won't hurt their reputation also

wow you're brave to LONG in the month of June

Yes, but you have to know how fund managers being rated. Losing money is not necessary ruin their reputation as long as they overall performance is above benchmark normally compared with major indices. Just like for local front, if the managers beat the performance of KLCI, he/she is considered doing a good job. Example KLCI fell 30% but managers performance lose 20% then it is considered good already.

This post has been edited by cherroy: May 30 2008, 09:00 PM

today is a goodday for me..
i juz start invest in stock market this year....
my hand gatal tat day and catch gamuda ~rm3..
so lucky... today is the first time i experienced this kind of free falling in my portfolio counter...
well...only words to consolate myself is.. not much volume bought...
so the worst case would be lost few K...
remisier call today...say wan to cut loss or average down...
i answer... dont bother it..
let it be there until it delisted...
i sounds like alr give up...
*gosh*

http://boyboycute.wordpress.com, looks like good for medium term investment,

one share that pisses me off is HUAAN >.< i bought so many at 0.675 it drop to 0.67 >.<

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Added on May 31, 2008, 10:44 amshares are for long term keep up the faith! just remember to not dive into stocks too early

This post has been edited by Mikiyo: May 31 2008, 10:44 AM

is ESOS another reason why Gamuda drop so much?

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.