Seems BUsh only say ayat - ayat menyedapkan hati.. nothing new

after his speech - DOW seems to be dropping more

no new initiatives

This post has been edited by klmc: Oct 10 2008, 10:38 PM

Disappointment for the markets. But something is cooking @ G7..

AIG latest price 2.17...Lowest 1.25...
Can play contra for this counter

Let the bubble burst lor.
Its better now than later.

Yup, today's the bottom. VIX is at 70++.

Fundamentals does not works for the us financial stock already. But thinking of buying AIG around 1.00-1.50 USD
.Plan to hold it for sometimes. Any advice on this counter?

Go for it.

not below 80, but below 72

Need sifu advice first . As i don have much information in hand. I know

1. They are having pile of debts with the government..
2. Government won let them down



This post has been edited by darkknight81: Oct 10 2008, 10:52 PM

Basically, if you purchase at 1-1.50, its a heck of a good deal if the government & Fed decides to

a) guarantee all interbank lending
b) Nationalize Morgan Stanley, and some other financial institutions
c) Reduce interest rate before Oct 29 to 1%

The market is primed for a 500-1000 rally, so i would suggest you CONTRA AIG instead. These days many investors sell at rally, so holding stocks at the moment might not be a profitable strategy.

Agree with you... i would choose stock like AIG for some contra play instead of KLSE stocks....

Feel so bored with the counter i am holding now stay there without any movement so bored

This post has been edited by darkknight81: Oct 10 2008, 11:01 PM

What're you holding now?

Is the europe market has been closed? Or halted?
I din see any movement to Europe market in yahoo financial site.
I thought it will close ard 12am..

Yeah, if you contra AIG, you can make few hundreds a day (and in USD) compare to contra-ing a Malaysian stock which can possibly bore you to death. However, huge rewards usually comes with huge risks as i always inform my clients.


Again, i do not know where the bottom is, but the time is nearly right for long term investments. Blue chip stocks like Microsoft, Ebay, Apple, Wells Fargo can be considered buying



This post has been edited by AdamG1981: Oct 10 2008, 11:03 PM

YTL POWER

one and only?

AIG looks quite attractive to me on its size - which i beliv government will not let it down. Dropped 96% already from its previous high.

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Added on October 10, 2008, 11:09 pmYup...Others still in my reserve fund for critical period like now

This post has been edited by darkknight81: Oct 10 2008, 11:09 PM

Today US Market will close early.

No news for the next few days is good news.