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*

Aiyo, Rm0.005 cent only nia, still want to piss off?

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Added on May 31, 2008, 2:23 pm

whoa GAMUDA rebounded wor

looks like i was wrong

neverlog, dun wan to sell ka?

phew, sold GAMUDA at 2.52, break even.

earn McDonald Big Mac

MRCB looks attractive at 128-130.. itchy hand..

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Added on June 2, 2008, 9:18 amEngtex is flying high.
GPLUS suspended for morning session.

KHSB / KPS up a bit..

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

(shud I so greedy?)

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

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!!   

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

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

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 am
Yes, all orders are done via telp.

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)

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 am

No, 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.

I think more capital outflow coming soon. Dont think the foreign fund managers have confidence in Malaysia's Bank Negara or the government to control inflation.

Hi Panasonic88, I learned that you like dividend stock, any recommendation?

Thanks!!

wow CI is down by 10 points right now

my ex love KULIM is doing so well, awww, i bought at 7.10, 2 months ago, sold my KULIM shares and gotten myself an iPhone instead, haha!

should have keep and wait for KULIM to earn me an iPhone instead

cant see any exdate for this maybulk in newspaper... what is its latest exdate?

Steve Job will sue your ass up if he hears that.

just kidding

Sorry folks, CI will close below 1260 today! I bet you my pink boxers.