TP RM2

Happy for you too brother staind......congrats brother, you make it happen too. Your average buying price of 1.4+ is still good as you are making good profit & be prepared for more upswing this Thursday morning too. Volume yesterday of more than 9 million shares is quite high too, good support at 1.64 & 1.65 level.


Nothing much about me but to see that all my friends here make some good profit......yes, you all being happy is all what I want & hope to see. Yes, playing shares is a risky investment but then nothing venture nothing gain.


One more thing that you got to remember is this....if you feel that you need to profit taking, please do it as we all cannot guarantee that that magical figure of $2.05+ can be achievable or reachable.......I will always respect your wise decision, sell or hold , I leave it to you all as you all are in the best position to decide for yourself.


Cheers brother staind, you be happy always...much love & do take good care too.

This post has been edited by monkeyking: Mar 31 2011, 05:47 AM

Yes, brother mofadz, hopefully too......slow & steady it move further up......everyday 10 to 12 cents upswing & we all will reach our target of $2.05+ very very soon provided there is no hiccups.



Cheers brother mofadz, you do take good care too as well.....much love as always too.

true again today... where are EPF, PNB or Khazanah Holding? Come and sapu all the way to MYR2

Today is profit taking day for most counters , BIMB included, that had make some good gains the past few days.



Hopefully afternoon session will see better improvements.



Cheers to all.

Maybe brother you should contact or email them and ask why too.



Cheers.

Wait monday lar.. A lot contra player selling off at T3

any last min shows ?

Yes, a small hiccup only.......today plenty of counters under heavy selling because of profit taking....I presume it must those fund managers.


Cheers.

wau..bimb also kena tp...can we join again for bimb?

Just wonder, is there a particular reason why they wanna sell it on Friday since T+3 is only for trading day count..

Those trader who are using cash trading account, they will only be able to buy shares according to their current cash limit.

But as for those who are using leveraging tools -> Margin account, that will be a different story altogether.
If a person buys a share, and hold it after T+3 day, he will be required to settle the share with cash. But because Margin account enable player to buy share more than what they can actually buy if only using cash, they might end up not able to settle the share bought. As a result, traders will sell the shares away.. Either making profit, or making loss.. If not selling, and no cash to settle the shares bought, bank will force sell the shares after T+3.
Trader will not be able to sell overdue contract, and bank can sell the contract at any price, and trader will bear the difference in loss, or pocket profit.

Thanks Bonescythe for explaining in so detail.

I am still confuse, they can always buy on Fri and sell it on next week Wed (If I am not mistaken). But how come, ppl make Thurs and Fri the special days, assuming that most contra trader will do the sell off? Is there any reason they don't wanna hold their counter to go pass weekend even if they bought it on Wed or Thurs?

Coz week end don't count in T+3, more time, and so on . . . . .

More on BIMB.




Thursday March 31, 2011


By K.M. LEE



BIMB Holdings

RENEWED buying lifted BIMB Holdings from the recent lows of RM1.27 in mid-March to a 2-month high of RM1.67 during intra-day session yesterday. Based on the daily bar chart, this stock is making a strong attempt to challenge the previous rally peak of RM1.72, of which a successful breakout may send prices to the next upper resistance of RM1.93-RM2 band. Support is envisaged at the RM1.53-RM1.54 range.



Let's all hope for renew support to reach our $2 mark.



Cheers to all.

Wow!! Hope it can break the resistance then yahoo

As I had said very much earlier, there's a very great possibility of it going to $2 and more. I am still lending support to all by not selling a single share yet even though I am making a very handsome profit of about 38 cents per share & I am still holding many many lots........yes, my heaviest investment in any single counter.My friends are still holding to theirs too as they want to take the gamble of seeing it going to $2 and more.....so do I.


But the potential of it going higher is still there and if there are more positive news coming from BIMB, I am confident the target of $2 is very achievable in a very short time.


Please remember this.....all Malaysian banks started at a low price when it is in it's infant stage & see how it's prices grow or increases with more strong support by the government....take the very clear example of CIMB.....was this a very small bank before when with the support of the government, it grow very very aggressively & strongly too.........and why not with BIMB when the government wants to make Malaysia the top Islamic Banking Center of Asia.



Cheers to all & good luck to you all investors of BIMB......let the BIMB Huat Huat Club start it's celebration party soon on reaching $2 and more.

This post has been edited by monkeyking: Apr 3 2011, 02:06 PM

Take a look at this.....Malaysia shares set to another rally.....so all shares will rally including BIMB as well perhaps.




Malaysia shares set to another rally


Published: 2011/04/02


Share prices on Bursa Malaysia are expected to extend gains next week following news that the government will announce a string of new investments to spur the country's growth with an easing of worries on the external front providing an additional boost.

Prime Minister Datuk Seri Najib Tun Razak said yesterday that he would be unveiling more investments in the next few months to spur growth and consider slowing subsidy cuts to shield consumers from rising prices.

Najib has so far announced 20 projects under the Economic Transformation Programme (ETP), to bring in a total of RM14.74 billion in investments, RM20 billion in Gross National Income and 88,354 more jobs.

Jupiter Securities head of research Pong Teng Siew said the market is set for another rally, similar to the one seen earlier in the year, whereby the FTSE Bursa Malaysia KLCI (FBM KLCI) touched a historic back-to-back high.

"I am confident there is going to be a substantial upsurge going into April and till early May," he added.

He said Jupiter's year-end target of a 1,640 level for the market's barometer may happen in mid-year itself, meaning, investors are expected to be more aggressive.

Echoing Pong, Head of Retail Research, Affin Investment Bank, Dr Nazri Khan said given the high volume and steep rebound, correction is likely done and the FBM KLCI is set to test the all time intra-day high of 1,576 in the near term.

The fact that the FBM KLCI saw a 5.2 per cent gain quarter-on-quarter -- eight positive straight quarters since the second quarter of 2009 -- despite Japan's nuclear crisis and the Middle East uprisings, confirms that Malaysia has a resilient economy to trend higher and overcome the global trouble spots.

"We expect more portfolio repositioning next week (the start of the second quarter 2011) to add more upside on market activity," he told Bernama.

He said the investment bank also reckons the G-20 proposal to have a wider role for the yuan in global finance will be beneficial for a stronger ringgit and local market sentiment.

"We believe in the ability of the FBM KLCI to stay above 1,550 (a ten-week high) and the financial sector index to significantly surge, especially now with signs that the risk taking appetite is returning," he added.

Nazri, however, pointed out four downsides going forward into the second quarter,namely, China tightening bank lending rates, the European debt crisis with focus on Irish and Portuguese government's finances, a high oil price above the US$100 per barrel and the US Federal Reserve concluding its second round of quantitative easing and its impact on economic momentum.

"Given the steady global economic data and stronger international cooperation, we however believe, the risk is minimal," he said.

Trading wise, the investment bank continued to choose the finance sector with stocks such as RHB Capital, Alliance Financials, BIMB Holdings and MAA Holdings as its best picks for a three-month holding time frame.

For the week ended, the FBM KLCI finished 39.83 points or 2.62 per cent higher to settle at 1,555.38 compared with last Friday's 1,515.55.

The FTSE Bursa Malaysia Emas Index increased 269.63 points to 10,686.56, the FTSE Bursa Malaysia Ace Index added 97.86 points to 4,321.4 and the FTSE Bursa Malaysia Mid 70 Index gained 235.12 points to 11,418.08.

The Finance Index increased 411.53 points to 14,148.11, the Plantation Index earned 85.23 points to 7,834.28 and the Industrial Index gained 29.91 points to 2,845.98.

The weekly volume surged to 8.841 billion shares valued at RM11.383 billion, from the 6.125 billion shares valued at RM8.214 billion, last Friday.

The main market turnover increased to 7.374 billion shares, valued at RM10.665 billion from the 5.1 billion units valued at RM8.02 billion, registered last week.

The volume on the ACE Market rose to 706.12 million shares worth RM135.57 million,from the 494.12 million shares worth RM89.7 million, previously.

Warrants climbed to 723.343 million units worth RM183.257 million, from 507.01 million units, valued at RM99.95 million at the end of last week. -- Bernama

Read more: Malaysia shares set to another rally http://www.btimes.com.my/articles/20110402.../#ixzz1IOFejbsu




Cheer to all......good luck too.

BIMB go go goooooooooooooooo