No, they don't. Just it is norm for EPF to buy whenever market is heavily down time and those index linked stocks are being beaten hard down. In fact, EPF is buying several heavyweight of KLCI across the board recently after KLCI hit nearly 2 years low of 1,100 points.
They are the ultimate and final support of KLSE on most of the time to prevent market falling too deep.

Volume is still high today, pushing it all the way up to 1.09.

And then a whole bunch of sellers appeared, pushing it back down.

huge queues on both sides! who's faking it? which one is going to win?

Nervous...

haha ..yeah , very boring .. trading sideways .... AA will consolidate before trying to go up again ...

still holding on to my shares ... my reasoning is that the lower the price of oil goes , the higher this counter should go , doesnt make sense to buy AA when crude was at 140$ only to let go now when crude seems to be i nthe initial stages of moving downwards.

Lastly, there we are sitting by the PC sadly waving at the train. Miss the damn train again..

So In or Out?

This post has been edited by Brotherjoe: Jul 26 2008, 11:14 PM

I'm out already.

Went in at .94 expecting resistance at .985 and 1.05.

It went over 1.05 then back down again so i sold mine at 1.02.

If break 1.05 again i might buy again.

wow, nice one... But i think the traded volume is rather abnormal, smells like kena goreng. So i am sitting on the fence watching the show

I just ride the goreng. Not holding for long term so not worried.
Right now I'm all cash, waiting for monday.

Still holding my Airasia when bought at 0.91 . Guys , do you think now the price (about 1.05) is grow enough or still have potential to grow ?

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Added on July 28, 2008, 9:55 amWant to ask , what is the meaning of "goreng" ?

This post has been edited by YuNGSeNG: Jul 28 2008, 09:55 AM

hold ...... , oil going down - going to be breaking the 120$ / barrel soon ....

Might not be a best best.. Our friend in Nigeria is getting attacks on oil pipeline. So it is even bet it will go up or down.
With the DJ heading south. It may not be the best idea
http://biz.yahoo.com/ap/080728/oil_prices.html

Better to profit little than suffer a lost, thats my principle.

well, ok , after 2 days of non movement , we are finally going to see some action tomorrow ( wed ), last half hour AA moved 2 - 3 ticks upwards with respectable buys ... oil dropped 3$ !! It's now at 121$ , DJ up 160 points as of 12 noon US time ....

Now the worrying news ... EPF is buying AND selling AA stocks ( buy 2 million , sell one million ) ... so if it goes up, there'll be profit taking by EPF .... Tony and another director has announced thier "intention to deal " , which either means they are going to either sell or buy shares in AA ... probably sell ?

Prediction ... will shoot up in the morning ...but profit taking will set in at ? 1.09 ? 1.10 ?

This stock will go up but have to hold ..... TP ? 1.20 ?

wish you best of luck as DJ is having a rebound until 200 points

EPF might sell some of the stake previously bought, taking advatange of recent rise (as oil price drops significant last night) it is a norm pattern for EPF behaviour in the market. Down sharply, come in to support and buy, then up significantly then dispose some to free up the cash for rainy day next time. They are at both end of trade most of the time.
They won't buy indifinitely that's for sure, as they have the interest to maintain good health of their portfolio as well as this stock market in general.

Having said that, it should be quite positive for Airasia, expect to go beyond 1.10 at least this morning.

This post has been edited by cherroy: Jul 30 2008, 09:00 AM

wahh....airasia reach RM1.12 this morning.

good lor...i still holding many unit at 1.15

U bought at 1.15 ?

just bought more at 1.15 , tonight crude is going to go below 120/barrel ... AA might reach 1.20 by today or tomorrow ...

come on in everyone , the waters fine ...........

This post has been edited by klmc: Jul 30 2008, 03:13 PM

it trap...

everyone seem like prophet....can predict future... one say can go up 1.20, another one say it a trap....no matter how, one of u will sure be a winner because, if it not up then definitely it will be down... I myself can;t see the future. Let see how it turn out...come this Friday. hahaha