Dont enter now yet..wait till market stabilise by afternoon

oh GPLUS suspended yeah...finally.

ahh looks like GAMUDA ship is sinking again, run while you can.

no lah....this time for mid term mayb...expecting to reach around normal price like around ~RM3

(shud I so greedy?)

if you think it would...then u can average down right?

sorry.... what is average down? you mean break even?

E.g u have 10000 units at 3 dollars ^^ then u saw the price drop to 2 dollar...u buy another 15000 unit to average down.

This means that ure cost of buying the 25k unit has dropped to RM2.4 correct me if im wrong

Parkson price not bad...hehehehe...can consider

no la... I bought at 2.43 so no need to average down...hope it will go back to ~RM3 in mid term....

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Added on June 2, 2008, 9:47 amAdamG1981, if u bet today on KLCI, then not need to lose ur boxer and underwear liao...

This post has been edited by neverlog: Jun 2 2008, 09:47 AM

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

Agree on this ... as most of their exposure in HK share market and china.

ADAM ure FKLI contract is done thru online banking or remisier?

dun said disaster la... scare lo...

KLCI wil always green...!!!

This post has been edited by neverlog: Jun 2 2008, 10:23 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

Buut i think for think month its better to short it first right? so better sell sell sell..then when going up d..u long long long buy buy buy XD

sounds easy....but still risky let me master the fundamentals of shares first ^^ then after that, probably futures

As far as I knew, there is no online trade for FKLI (yet).

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

So today ure going long right? should be able to earn some bux...anywayz..how long is the period of the contract? can we sell it at the same day itself?

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

ADAM the contract that u buy...the point is the CI point at that period of time right? like right now its 1266..if u buy the contract its at 1266?

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