Stock market V16, Greed when people fear!
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 Oct 10 2008, 05:31 PM, updated 18y ago
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#1
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Senior Member
2,181 posts Joined: Oct 2007  
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Welcome to the greatest depression
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Oct 10 2008, 05:34 PM
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#2
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1,345 posts Joined: Dec 2007
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i'm second!!!...... haha... dun mean to spam.... this is not kopitiam i know
btw, my "catch" for the day------> PBBANK!! have a nice weekends ahead  This post has been edited by fergie1100: Oct 10 2008, 05:36 PM |
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Oct 10 2008, 05:36 PM
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#3
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37,028 posts Joined: Jan 2003 From: Petaling Jaya
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support kinwawa!
leave a foot print here |
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Oct 10 2008, 05:38 PM
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#4
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Senior Member
716 posts Joined: Jul 2006
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Foot print in the sand....lol
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Oct 10 2008, 05:40 PM
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#5
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Senior Member
899 posts Joined: Feb 2005 From: Sumwhere
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Hi,
Can someone enlighten me on how to calculate P/E ratio? I cant seem to understand the earnings part. Thanks |
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Oct 10 2008, 05:41 PM
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#6
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2,181 posts Joined: Oct 2007
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have a nice weekend guys/gals
 leave all the worries behind and njoy ur time with ur family and friends |
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Oct 10 2008, 05:45 PM
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#7
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1,828 posts Joined: Sep 2004 
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Hope this number 16 can chase away bear. Stop blooding please.
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Oct 10 2008, 05:56 PM
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#8
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Junior Member
476 posts Joined: Aug 2008
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QUOTE(hsiengloong @ Oct 10 2008, 05:40 PM) Hi, what dont u understand about the earning part?Can someone enlighten me on how to calculate P/E ratio? I cant seem to understand the earnings part. Thanks  |
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Oct 10 2008, 05:58 PM
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#9
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Senior Member
3,887 posts Joined: Jun 2008
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Drop drop and drop somemore...
Investors in Japan will be taking plunge from 30th floor building if it keep going down 9-10 % each day. |
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Oct 10 2008, 06:41 PM
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Senior Member
1,523 posts Joined: Dec 2007 From: Puchong...
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so fast V16 liao.. |
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Oct 10 2008, 06:50 PM
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Junior Member
119 posts Joined: Apr 2008
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i'm in..
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Oct 10 2008, 06:50 PM
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Junior Member
335 posts Joined: Jan 2003
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V16 is for depression. Hope it is over soon.
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Oct 10 2008, 06:52 PM
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Senior Member
590 posts Joined: Aug 2005
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16 can be read as "wan sik" - cari makan time for those who have spare money and an appetite for risk
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Oct 10 2008, 07:16 PM
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Senior Member
2,013 posts Joined: Aug 2007 From: USJ
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Congrats to all for V16!
 But we are in the middle of financial turmoil.  Will DJIA drop again later??  |
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Oct 10 2008, 07:22 PM
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Senior Member
1,173 posts Joined: Apr 2005 From: Port Dickson
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2 thread ago - CI not going anywhere
Last thread - World Market keeps falling This thread - World Depression I have a few of how next thread will be |
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Oct 10 2008, 07:34 PM
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Senior Member
1,351 posts Joined: Mar 2006 From: KL/S'gor
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QUOTE(ante5k @ Oct 10 2008, 07:22 PM) 2 thread ago - CI not going anywhere Then i really hope i'll be in the same bandwagon on the next thread Last thread - World Market keeps falling This thread - World Depression I have a few of how next thread will be  Still waiting for my CDS account approval |
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Oct 10 2008, 08:03 PM
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Senior Member
992 posts Joined: Aug 2006 From: Bolehland
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Damn..AUD dollar is now worse off than Singapore dollar.
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Oct 10 2008, 08:08 PM
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4,897 posts Joined: Aug 2005
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QUOTE(sinclairZX81 @ Oct 10 2008, 07:16 PM) Congrats to all for V16! will drop But we are in the middle of financial turmoil. Will DJIA drop again later?? |
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Oct 10 2008, 08:14 PM
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Senior Member
1,351 posts Joined: Mar 2006 From: KL/S'gor
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DJIA Future -250
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Oct 10 2008, 08:20 PM
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Senior Member
5,170 posts Joined: Jul 2006 From: /k//k/, /k/undasang
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leaving footprints here altho Ima not regular
If I remember correctly sometime ago ppl are speculating AUS dollar value is increasing but what happen now? hey gaise I got 80k life savings what should I do? |
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Oct 10 2008, 08:25 PM
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3,944 posts Joined: Jul 2008
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QUOTE(ah_suknat @ Oct 10 2008, 09:20 PM) leaving footprints here altho Ima not regular Every individual have different risk appetite. If I remember correctly sometime ago ppl are speculating AUS dollar value is increasing but what happen now? hey gaise I got 80k life savings what should I do? Diversified : Some may put into FD Some may put into share Some may put into UT |
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Oct 10 2008, 08:29 PM
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2,013 posts Joined: Aug 2007 From: USJ
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On the share and UT bit, maybe hold off a few days and see where the market is going.
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Oct 10 2008, 08:31 PM
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3,944 posts Joined: Jul 2008
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QUOTE(sinclairZX81 @ Oct 10 2008, 09:29 PM) On the share and UT bit, maybe hold off a few days and see where the market is going. Actually if you not understand about share or UT better don simply touch lor.. If not when the price go down you will panic lol |
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Oct 10 2008, 09:26 PM
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1,120 posts Joined: Jul 2006
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Wow so fast!
dreams_achiever reporting in and leave my first foot print in version 16.  Hope this new thread will bring some luck. New virgin thread luck..hehe . |
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Oct 10 2008, 09:28 PM
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tonight Dow is VERY RED
Futures showing -352 will it break 8000 tonight??? |
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Oct 10 2008, 09:30 PM
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1,214 posts Joined: Oct 2007 
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my fd is just few days shy of maturity then is my shopping time..
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Oct 10 2008, 09:34 PM
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5,170 posts Joined: Jul 2006 From: /k//k/, /k/undasang
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how much in FD?
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Oct 10 2008, 09:35 PM
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37,028 posts Joined: Jan 2003 From: Petaling Jaya
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wall street is sliding!
DOWN 3%....4%.... and still counting. |
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Oct 10 2008, 09:37 PM
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1,120 posts Joined: Jul 2006
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Since after short-sell ban lifted, market has been plunged alot.
Maybe FED need to consider to ban short-sell for another half year... Too red. Everyday drop ard 5-7%. It's really beh tahan leh...  |
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Oct 10 2008, 09:38 PM
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DOW break 8,000 points.
Lost 6% early in the morning !!!! |
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Oct 10 2008, 09:39 PM
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4,030 posts Joined: Apr 2008
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DOW JONES INDUSTRIAL AVERAGE DROPS BELOW 8000!
 This post has been edited by AdamG1981: Oct 10 2008, 09:39 PM |
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Oct 10 2008, 09:40 PM
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Senior Member
1,351 posts Joined: Mar 2006 From: KL/S'gor
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BULLETS...preparing...
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Oct 10 2008, 09:41 PM
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Ghosh, 11% now!!!
what a Black Friday! |
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Oct 10 2008, 09:43 PM
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CAPITULATION COMING !!!! PREPARE ALL YOUR BULLETS
This post has been edited by AdamG1981: Oct 10 2008, 09:43 PM |
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Oct 10 2008, 09:43 PM
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2,013 posts Joined: Aug 2007 From: USJ
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QUOTE(panasonic88 @ Oct 10 2008, 09:41 PM) Ghosh, 11% now!!! Oh gosh! So fast! what a Black Friday! |
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Oct 10 2008, 09:43 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(ah_suknat @ Oct 10 2008, 08:20 PM) leaving footprints here altho Ima not regular Now it is the time to do nothing, keep it.If I remember correctly sometime ago ppl are speculating AUS dollar value is increasing but what happen now? hey gaise I got 80k life savings what should I do? Now is the unpredental time for stock market, forex and bonds, it probably won't happen twice in our life-time. There are some cheap stuff around now and in the future, just depended on one risk tolerance. Yon need long term money to gain through this market. Added on October 10, 2008, 9:44 pm QUOTE(AdamG1981 @ Oct 10 2008, 09:43 PM) CAPITULATION COMING !!!! PREPARE ALL YOUR BULLETS Be prepared a strong technical rebound ahead, market simply heavy oversold, even from technical point.This post has been edited by cherroy: Oct 10 2008, 09:44 PM |
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Oct 10 2008, 09:46 PM
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MARKET RALLY 1000 POINTS COMING
BUY BUY BUY |
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Oct 10 2008, 09:46 PM
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37,028 posts Joined: Jan 2003 From: Petaling Jaya
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a slight rebounding at the moment.
back to -8.63% |
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Oct 10 2008, 09:47 PM
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QUOTE(AdamG1981 @ Oct 10 2008, 09:46 PM) MARKET RALLY 1000 POINTS COMING did you buy anything? BUY BUY BUY  |
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Oct 10 2008, 09:48 PM
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4,030 posts Joined: Apr 2008
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QUOTE(panasonic88 @ Oct 10 2008, 06:47 AM) did you buy anything? I bought Wells Fargo. LOL!!! |
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Oct 10 2008, 09:55 PM
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1,040 posts Joined: Apr 2005
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Anyone care to share their portfolio?
I've just started, and got in at the wrong time I guess Here's mine in total units (NOT LOTS) Share > Units > Purchase Price Atrium > 1,800 > 0.77 Axreit > 500 > 0.76 Cresbld > 5,300 > 0.648 HSL > 9,300 > 0.558 HUAAN > 2,500 > 0.492 Stareit > 3,700 > 0.89 After minus profit taking and some cash withdrawal I'm down 1,665 at the moment. I'll be holding on for the long run, also I think most of my shares are closer to the bottom than the top, except for Crest which I'm considering to sell off if it hits 0.58 ranges, and then hoping it'll drop back to 0.53 How about you guys? Anyone cares to share their portfolio right now? Pretty interesting and scary at the moment, my first time to get seriously involved in shares and this happens |
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Oct 10 2008, 10:04 PM
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Senior Member
1,351 posts Joined: Mar 2006 From: KL/S'gor
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-Deleted- Yahoo Finance...giv wrong info
-9% This post has been edited by kingkong81: Oct 10 2008, 10:08 PM |
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Oct 10 2008, 10:07 PM
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1,120 posts Joined: Jul 2006
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something wrong with Yahoo website:
8,359.44 10:00am ET down 898.66 (9.71%)  |
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Oct 10 2008, 10:07 PM
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1,040 posts Joined: Apr 2005
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Public Mutual Unit Trust Consultant?
kingkong81, Are a lot of ppl selling their UT nowadays? |
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Oct 10 2008, 10:08 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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QUOTE(kingkong81 @ Oct 10 2008, 10:04 PM) DJIA rebounded....-2% now  QUOTE(dreams_achiever @ Oct 10 2008, 10:07 PM) something wrong with Yahoo website: yahlor i am rubbing my eyes too8,359.44 10:00am ET down 898.66 (9.71%) sekejap i see down 10%, sekejap i see down 2%  |
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 Oct 10 2008, 10:09 PM
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6 posts Joined: Jul 2008
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QUOTE(eltaria @ Oct 10 2008, 09:55 PM) Anyone care to share their portfolio? im holding IOICORP at 4.78 for 200 lots...gonna hold for long term I've just started, and got in at the wrong time I guess Here's mine in total units (NOT LOTS) Share > Units > Purchase Price Atrium > 1,800 > 0.77 Axreit > 500 > 0.76 Cresbld > 5,300 > 0.648 HSL > 9,300 > 0.558 HUAAN > 2,500 > 0.492 Stareit > 3,700 > 0.89 After minus profit taking and some cash withdrawal I'm down 1,665 at the moment. I'll be holding on for the long run, also I think most of my shares are closer to the bottom than the top, except for Crest which I'm considering to sell off if it hits 0.58 ranges, and then hoping it'll drop back to 0.53 How about you guys? Anyone cares to share their portfolio right now? Pretty interesting and scary at the moment, my first time to get seriously involved in shares and this happens ....eyeing huaan and E&O now  |
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Oct 10 2008, 10:10 PM
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Senior Member
1,351 posts Joined: Mar 2006 From: KL/S'gor
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QUOTE(eltaria @ Oct 10 2008, 10:07 PM) Public Mutual Unit Trust Consultant? For my clients...not really...kingkong81, Are a lot of ppl selling their UT nowadays? As I started off back in end of 2007...advise my client not to dump in too much...do monthly cost-averaging |
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Oct 10 2008, 10:12 PM
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1,120 posts Joined: Jul 2006
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QUOTE(panasonic88 @ Oct 10 2008, 10:08 PM) yahlor i am rubbing my eyes too haha...sekejap i see down 10%, sekejap i see down 2% when u said DJ drop 10% (another 700++ points), my eyes has been pop out liao. hak sei ngo lar.. If that happen, another big sell off on monday  |
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Oct 10 2008, 10:12 PM
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607 posts Joined: Mar 2008
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-700 to +50 points
All within 40 minutes |
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Oct 10 2008, 10:13 PM
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1,040 posts Joined: Apr 2005
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QUOTE(dennistat @ Oct 10 2008, 10:09 PM) im holding IOICORP at 4.78 for 200 lots...gonna hold for long term Don't know why HUAAN got a lot of interest... everyday their volume is crazy. ....eyeing huaan and E&O now I made a small profit getting in at 0.33 and selling at 0.42 the next day itself. Too volatile for me.. want to get more REITS, but no more bullets dee.. :'( Eventually, I want to shape my portfolio to 70% REITS.. |
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Oct 10 2008, 10:14 PM
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Junior Member
357 posts Joined: May 2006
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QUOTE(panasonic88 @ Oct 10 2008, 09:41 PM) Ghosh, 11% now!!! -11%!!!! what a Black Friday!  really give me heart attack...now -60pts waiting for Bush speech |
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Oct 10 2008, 10:15 PM
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37,028 posts Joined: Jan 2003 From: Petaling Jaya
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yahoo finance!!! now seems like getting back to green zone. what the heck |
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Oct 10 2008, 10:16 PM
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Senior Member
1,351 posts Joined: Mar 2006 From: KL/S'gor
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I guess the market swings too sharply & fast that Yahoo Finance cant even show a proper chart!
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Oct 10 2008, 10:16 PM
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4,030 posts Joined: Apr 2008
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WOW
BUSH ANNOUNCING NATIONALIZATION OF BANKS?!?! |
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Oct 10 2008, 10:17 PM
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1,040 posts Joined: Apr 2005
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bloomberg.com loads and updates like snail... i think the whole world is looking at DJ right now
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Oct 10 2008, 10:18 PM
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Senior Member
1,351 posts Joined: Mar 2006 From: KL/S'gor
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QUOTE(eltaria @ Oct 10 2008, 10:17 PM) bloomberg.com loads and updates like snail... i think the whole world is looking at DJ right now Whole World!! Whole LYN Stock Exchange forummer r looking! |
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Oct 10 2008, 10:18 PM
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oil prices are down to $79.96/barrel.
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Oct 10 2008, 10:19 PM
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4,030 posts Joined: Apr 2008
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Time to buy,
T Bill yields are going up, LIBOR overnight dropped 200 basis points, oil down, more interest rate cuts coming. This post has been edited by AdamG1981: Oct 10 2008, 10:20 PM |
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Oct 10 2008, 10:21 PM
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37,028 posts Joined: Jan 2003 From: Petaling Jaya
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still clueless about this,
did DOW really dip to 7,XXX points just now  |
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Oct 10 2008, 10:21 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(AdamG1981 @ Oct 10 2008, 10:19 PM) Time to buy, Let start the shopping spree!T Bill yields are going up, LIBOR overnight dropped 200 basis points, oil down, more interest rate cuts coming. |
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Oct 10 2008, 10:22 PM
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1,120 posts Joined: Jul 2006
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QUOTE(AdamG1981 @ Oct 10 2008, 10:16 PM) WOW i din see any financial website annoucing such move.BUSH ANNOUNCING NATIONALIZATION OF BANKS?!?! u very geng. can very fast in getting latest news ! first touch to the scene..are you a part time reporter ar? haha... |
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Oct 10 2008, 10:22 PM
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37,028 posts Joined: Jan 2003 From: Petaling Jaya
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QUOTE(cherroy @ Oct 10 2008, 10:21 PM) Let start the shopping spree! is this statement applicable for US market only? how about KLSE? |
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Oct 10 2008, 10:23 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(panasonic88 @ Oct 10 2008, 10:21 PM) still clueless about this, Yes, it one point dipped near to 700 points, yesterday close is 8,5xx.did DOW really dip to 7,XXX points just now If market really close in green zone, then it could be a near term bottom. |
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Oct 10 2008, 10:23 PM
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Senior Member
1,351 posts Joined: Mar 2006 From: KL/S'gor
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QUOTE(panasonic88 @ Oct 10 2008, 10:21 PM) still clueless about this, According to report...it did dropped 690+ pts before rocket up back to -250+did DOW really dip to 7,XXX points just now |
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Oct 10 2008, 10:23 PM
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1,040 posts Joined: Apr 2005
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http://www.cbsnews.com/video/watch/?id=1n
there's a live feed here.. but i'm not getting anything? Is it 10.25 am already over there? |
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Oct 10 2008, 10:23 PM
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132 posts Joined: Nov 2005
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shahrir samad said petrol can go down back to 1.92 if oil below 80!!
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Oct 10 2008, 10:24 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(panasonic88 @ Oct 10 2008, 10:22 PM) is this statement applicable for US market only? how about KLSE? KLSE dropped the least, so expect little bounce even all regional market is up. KLSE is not out of wood, locally, politically front still unclear. But there are some opportunity as well. |
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Oct 10 2008, 10:25 PM
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4,030 posts Joined: Apr 2008
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QUOTE(dreams_achiever @ Oct 10 2008, 07:22 AM) i din see any financial website annoucing such move. No la; i said can it be Bush will announce or hinting nationalization of the Banks..? That could be one of the reason the LIBOR rate dropped and market rally 700 points.u very geng. can very fast in getting latest news ! first touch to the scene..are you a part time reporter ar? haha... |
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Oct 10 2008, 10:25 PM
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663 posts Joined: Apr 2005
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why dont u guys look at CNBC on astro - its live , it's like a live soccer match over there ... commentary. Awfully exciting stuff the first hr + of trade
channel 518 This post has been edited by klmc: Oct 10 2008, 10:27 PM |
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Oct 10 2008, 10:26 PM
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1,120 posts Joined: Jul 2006
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QUOTE(eltaria @ Oct 10 2008, 10:23 PM) http://www.cbsnews.com/video/watch/?id=1n me cant see any as well.there's a live feed here.. but i'm not getting anything? Is it 10.25 am already over there? Yup, in US there is delay of 12hours. means here is night but there is morning. |
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Oct 10 2008, 10:27 PM
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1,040 posts Joined: Apr 2005
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at the rate the shares were going up and down, it does seems like a soccer ball going here and there
Nice phrase to describe it |
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Oct 10 2008, 10:27 PM
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QUOTE(klmc @ Oct 10 2008, 10:25 PM) why dont u guys look at CNBC on astro - its live , it's like a live soccer match over there ... commentary. Awfully exciting stuff the first hr + of trade i wish i have a plasma TV in my room channel 518 |
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Oct 10 2008, 10:28 PM
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I'm watching cnn's it's streaming
http://www.cnn.com/ Added on October 10, 2008, 10:28 pmGood speed too at cnn stream.. i think cbsnews jammed dee This post has been edited by eltaria: Oct 10 2008, 10:28 PM |
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Oct 10 2008, 10:30 PM
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its bush live speech now
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Oct 10 2008, 10:30 PM
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Senior Member
1,214 posts Joined: Oct 2007
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Hi, anyone can recommend which website can monitor US market? mine seems not up to date and lag a lot.
thank you in advance. |
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Oct 10 2008, 10:32 PM
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Senior Member
1,040 posts Joined: Apr 2005
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I think a lot of traffic at finance sites now.... i can stream live video from cnn.com watching the bush speech now, but the stock tickers lagging
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Oct 10 2008, 10:32 PM
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Senior Member
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How about AIG ? Worth a buy?
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Oct 10 2008, 10:32 PM
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Senior Member
521 posts Joined: Nov 2005 
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NYSE selling is still very broad-based with 70% of stocks posting losses.
Yup, DJIA did broke below the 8000 level, hitting as low as 7882.51. |
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Oct 10 2008, 10:35 PM
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Nothing new came from Bush... blah.
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Oct 10 2008, 10:35 PM
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QUOTE(Ranny @ Oct 10 2008, 10:32 PM) NYSE selling is still very broad-based with 70% of stocks posting losses. thanks for the input.Yup, DJIA did broke below the 8000 level, hitting as low as 7882.51. |
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Oct 10 2008, 10:36 PM
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Seems BUsh only say ayat - ayat menyedapkan hati.. nothing new
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Oct 10 2008, 10:37 PM
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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 |
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Oct 10 2008, 10:38 PM
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Senior Member
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Disappointment for the markets. But something is cooking @ G7..
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Oct 10 2008, 10:42 PM
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AIG latest price 2.17...Lowest 1.25...
Can play contra for this counter |
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Oct 10 2008, 10:42 PM
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Senior Member
3,887 posts Joined: Jun 2008
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Let the bubble burst lor.
Its better now than later. |
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Oct 10 2008, 10:46 PM
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Senior Member
4,030 posts Joined: Apr 2008
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Yup, today's the bottom.
VIX is at 70++. |
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Oct 10 2008, 10:46 PM
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Senior Member
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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? |
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Oct 10 2008, 10:47 PM
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4,030 posts Joined: Apr 2008
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QUOTE(darkknight81 @ Oct 10 2008, 07:46 AM) Fundamentals does not works for the us financial stock already. But thinking of buying AIG around 1.00-1.50 USD Go for it..Plan to hold it for sometimes. Any advice on this counter? |
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Oct 10 2008, 10:49 PM
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5,587 posts Joined: May 2007 From: KL
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QUOTE(greddym3 @ Oct 10 2008, 10:23 PM) shahrir samad said petrol can go down back to 1.92 if oil below 80!! not below 80, but below 72 |
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Oct 10 2008, 10:50 PM
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Senior Member
3,944 posts Joined: Jul 2008
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QUOTE(AdamG1981 @ Oct 10 2008, 11:47 PM) Go for it. 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 |
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Oct 10 2008, 10:53 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(darkknight81 @ Oct 10 2008, 07:50 AM) Need sifu advice first . As i don have much information in hand. I know Basically, if you purchase at 1-1.50, its a heck of a good deal if the government & Fed decides to 1. They are having pile of debts with the government.. 2. Government won let them down Any analysis ? Added on October 10, 2008, 10:51 pm 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 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. |
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Oct 10 2008, 10:58 PM
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Senior Member
3,944 posts Joined: Jul 2008
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QUOTE(AdamG1981 @ Oct 10 2008, 11:53 PM) Basically, if you purchase at 1-1.50, its a heck of a good deal if the government & Fed decides to Agree with you... i would choose stock like AIG for some contra play instead of KLSE stocks....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. 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 |
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Oct 10 2008, 11:01 PM
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Senior Member
1,040 posts Joined: Apr 2005
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What're you holding now?
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Oct 10 2008, 11:01 PM
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Senior Member
1,120 posts Joined: Jul 2006
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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.. |
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Oct 10 2008, 11:01 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(darkknight81 @ Oct 10 2008, 07:58 AM) Agree with you... i would choose stock like AIG for some contra play instead of KLSE stocks.... 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.Feel so bored with the counter i am holding now stay there without any movement so bored ...But i won sold offAgain, 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 |
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Oct 10 2008, 11:03 PM
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Senior Member
3,944 posts Joined: Jul 2008
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QUOTE(eltaria @ Oct 11 2008, 12:01 AM) What're you holding now? YTL POWER |
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Oct 10 2008, 11:03 PM
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Senior Member
1,214 posts Joined: Oct 2007
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QUOTE(darkknight81 @ Oct 10 2008, 11:03 PM) YTL POWER one and only? |
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Oct 10 2008, 11:06 PM
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Senior Member
3,944 posts Joined: Jul 2008
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QUOTE(AdamG1981 @ Oct 11 2008, 12:01 AM) 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. 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.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 Added on October 10, 2008, 11:09 pm QUOTE(espree @ Oct 11 2008, 12:03 AM) one and only? Yup...Others still in my reserve fund for critical period like now This post has been edited by darkknight81: Oct 10 2008, 11:09 PM |
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Oct 10 2008, 11:31 PM
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Senior Member
4,030 posts Joined: Apr 2008
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Today US Market will close early.
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Oct 10 2008, 11:33 PM
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Senior Member
1,040 posts Joined: Apr 2005
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No news for the next few days is good news.
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Oct 10 2008, 11:35 PM
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Junior Member
132 posts Joined: Nov 2005
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Oct 11 2008, 12:04 AM
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Senior Member
4,030 posts Joined: Apr 2008
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Watch market volume.
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Oct 11 2008, 12:07 AM
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Senior Member
941 posts Joined: Feb 2006 From: ^^Heaven^^
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omg!!! i missed V16 opening ceremony T_T
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Oct 11 2008, 12:14 AM
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Senior Member
4,030 posts Joined: Apr 2008
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Capitulation is coming.
1.05 billion shares traded mid day. |
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Oct 11 2008, 12:31 AM
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Junior Member
491 posts Joined: Feb 2005 From: Cheras LRT
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oredi 2 black mondays.. do u think great depression will repeat on Oct 24?
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Oct 11 2008, 01:32 AM
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Senior Member
4,030 posts Joined: Apr 2008
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1:30 am, 1.3 billion and counting.
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Oct 11 2008, 01:43 AM
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Senior Member
1,184 posts Joined: May 2005
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DJIA at 8093 now, -485!
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Oct 11 2008, 01:46 AM
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Senior Member
4,030 posts Joined: Apr 2008
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I'm so praying for capitulation...
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Oct 11 2008, 04:08 AM
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Senior Member
3,501 posts Joined: Jan 2003
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Lol. WE have capitulation... This is surreal.
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Oct 11 2008, 04:16 AM
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Senior Member
4,030 posts Joined: Apr 2008
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WE HAVE FOUND THE BOTTOM!!!!!
Thank God.....what a nightmare this week has been! We rallied close to 800 points in the last hour before settling -125.. |
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Oct 11 2008, 04:20 AM
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Junior Member
357 posts Joined: May 2006
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QUOTE(AdamG1981 @ Oct 11 2008, 04:16 AM) WE HAVE FOUND THE BOTTOM!!!!! 15 mins before close saw in green zone... last minute go down to -128 Thank God.....what a nightmare this week has been! We rallied close to 800 points in the last hour before settling -125..  How do you know it's bottom? |
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Oct 11 2008, 04:35 AM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(tsarena @ Oct 10 2008, 01:20 PM) 15 mins before close saw in green zone... last minute go down to -128 How do you know it's bottom? Look at the daily stochastics @ stockcharts.com |
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Oct 11 2008, 04:49 AM
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Junior Member
357 posts Joined: May 2006
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Thanks for the website... Adam
Hope Monday can see some green This post has been edited by tsarena: Oct 11 2008, 04:50 AM |
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Oct 11 2008, 09:04 AM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(tsarena @ Oct 11 2008, 04:20 AM) 15 mins before close saw in green zone... last minute go down to -128 Bottom normally come in "V" shape, so with the market movement on Friday, it definitely form a double "V" but whether it is a real bottom or temporary bottom, only time will tell, but it is indeed a sharp "V" that by text book, it is forming a bottom. How do you know it's bottom? Technically a double bottom is sign of market found some support at that level, around 8,000. |
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Oct 11 2008, 09:13 AM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(cherroy @ Oct 10 2008, 06:04 PM) Bottom normally come in "V" shape, so with the market movement on Friday, it definitely form a double "V" but whether it is a real bottom or temporary bottom, only time will tell, but it is indeed a sharp "V" that by text book, it is forming a bottom. Yup, bears tried twice to break the 8000 level but the financial stocks bulls were just too strong. Technically a double bottom is sign of market found some support at that level, around 8,000. OH, and Paulson is now on a shopping spree to purchase banks? Added on October 11, 2008, 9:21 amAussie dollar to drop to a new Low? 0.60 coming. This post has been edited by AdamG1981: Oct 11 2008, 09:21 AM |
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Oct 11 2008, 09:25 AM
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Senior Member
1,523 posts Joined: Dec 2007 From: Puchong...
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hope the double V will be bottom..otherwise Asia market will hot badly starting on 1Q 2009..Spore prime minister already warn employed dont easying cut job at these time.. |
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Oct 11 2008, 09:45 AM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(AdamG1981 @ Oct 11 2008, 09:13 AM) Yup, bears tried twice to break the 8000 level but the financial stocks bulls were just too strong. Would consider scoop up some Aussie as well, beaten quite hard and fast last 2 week.OH, and Paulson is now on a shopping spree to purchase banks? Added on October 11, 2008, 9:21 amAussie dollar to drop to a new Low? 0.60 coming. |
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Oct 11 2008, 10:01 AM
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Senior Member
1,040 posts Joined: Apr 2005
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QUOTE(AdamG1981 @ Oct 11 2008, 04:35 AM) Look at the daily stochastics @ stockcharts.com Thanks |
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Oct 11 2008, 10:19 AM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(eltaria @ Oct 10 2008, 07:01 PM) hi hi, noob questions here, where in stockcharts.com do I look for daily stochastics? Pull down the indicator menu and look for stochastics; there are three types, full, fast and slow.Thanks Added on October 11, 2008, 10:21 am QUOTE(cherroy @ Oct 10 2008, 06:45 PM) Would consider scoop up some Aussie as well, beaten quite hard and fast last 2 week. Still can go down.....I am expecting oil to hit low 60s if it breaks 75. This post has been edited by AdamG1981: Oct 11 2008, 10:21 AM |
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Oct 11 2008, 10:50 AM
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Senior Member
5,587 posts Joined: May 2007 From: KL
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Oct 11 2008, 11:19 AM
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All Stars
23,851 posts Joined: Dec 2006
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What make Malaysians think Cash is still King for the coming crisis is that while Singapore and many others odeli admitting recessions are in their countries. We are still in the State of Denial . We still believe we are strong, and some investors still hoping for listed companies to pay better dividends.
For coming 5 months or so, local politicians would be very busy with party election and court cases. Economy is taking a back seat. This year is the "honeymoon " year for our government. The right timing is always good when you start to judge things odeli happened, and you say that should be the ways . Like the double V shape of Dow yesterday, now you could say people could have lose 2 big opportunities by not buying at the bottoms. Basically , it is easy to talk in term of theory. And to stay invested in co like AIG can make you very poor. And to break even at US$ 50 or so, takes quite a long time. From the point of RISKS management, assets allocations and assets re balancing tend to be a more acceptable practice and preferred choice. The article seems to be outdated. You cannot keep investing in shares till the day you retire, not in term of risk planning. But who have the crystal balls to see ? What am I saying is the crisis could last for a quite a while ( or rather quite a long time ), why all the hurry to invest if it is for long term ? For short term, everyday is an opportunity for someone to gain or lose money, regardless of crisis. P/S : We are not asking investors to move to CASH now, we did that a few months ago, just before and after the election ( in Public Mutual forums ). Do not mean to flame anyone. This post has been edited by SKY 1809: Oct 12 2008, 08:13 AM |
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Oct 11 2008, 11:45 AM
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Senior Member
3,944 posts Joined: Jul 2008
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Oct 11 2008, 02:28 PM
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Senior Member
1,351 posts Joined: Mar 2006 From: KL/S'gor
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QUOTE(darkknight81 @ Oct 11 2008, 11:45 AM) Despicable indeed |
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Oct 11 2008, 02:35 PM
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Senior Member
2,359 posts Joined: Apr 2006
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Wa... 200 lots? 200 X 1000 = 200000 units? or 200X 100 = 20000 units
if 200 X 1000 units I calculate ur total purchase price with 0.21% brokerage total up to = RM 959,354.80  almost 1 millionIOICORP close at 3.46 yesterday, ur stock value now = RM 689,516.40 Paper loss = RM 269,838.40 If u mean 200 lots is 200 X 100 = 20000 Purchased price = 96,011.48 Current value = 68,901.64 Paper loss = 27,109.84 CIMB investment stock research also target ioicorp will drop to 3.50 last few mths. IOICORP blue chip counter now become red liao.... v_viper88 QUOTE(dennistat @ Oct 10 2008, 10:09 PM) im holding IOICORP at 4.78 for 200 lots...gonna hold for long term ....eyeing huaan and E&O now |
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Oct 11 2008, 03:59 PM
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Senior Member
3,887 posts Joined: Jun 2008
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Now we have our target when we are cash strapped.
Hahahah.... Bottom or not I dont know but I do feel there is more to come. We havent seen this for quite a long time. There was time and time again where there have been a bottom in the last few month and yet it just keep coming. Maybe next week will recoup a little bit and then maybe some surprise will spring up again and drop like hell. |
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Oct 11 2008, 04:39 PM
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Senior Member
590 posts Joined: Aug 2005
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QUOTE(darkknight81 @ Oct 11 2008, 11:45 AM) wow, mb the next president can invoke the Patriot's Act against US investment bankers! wall street robber-barons are no better than economic terrorists |
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Oct 11 2008, 06:52 PM
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Senior Member
4,030 posts Joined: Apr 2008
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Well, it's better to buy a beaten up blue chip stocks during a bear market and hold for 5-10 years. Isn't this Buffetology?
No one can catch the bottom, but if you buy near the bottom you can still ike out a profit rather than trying to wait for the bottom and miss out. Right now it might be very dark outside, but dawn is coming. Patience is a virtue and only those who can survive the test of time can make big money. This post has been edited by AdamG1981: Oct 11 2008, 06:56 PM |
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Oct 11 2008, 07:06 PM
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Elite
15,855 posts Joined: Jan 2003
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Folks,
This may last for quite a while. Make sure that you have ENOUGH emergency fund to survive FIRST before you invest or speculate. As for myself, I had saved 2 years worth of emergency fund to prepare for this. If you CANNOT survive, you will be forced to sale at wrong time. That will be disastrous. Dreamer This post has been edited by dreamer101: Oct 12 2008, 12:55 AM |
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Oct 11 2008, 10:47 PM
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All Stars
10,125 posts Joined: Aug 2007
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That's quite true.. everyone should have at least 2-3 years of emergency fund.
For those closer to retirement, they should have got the hell out earlier. Now, we're in bear market and if they didn't re-distribute their holdings earlier, it is already too late. |
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Oct 11 2008, 11:42 PM
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Senior Member
1,173 posts Joined: Apr 2005 From: Port Dickson
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dont have that much fund, but i have work
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Oct 12 2008, 12:01 AM
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All Stars
10,125 posts Joined: Aug 2007
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QUOTE(ante5k @ Oct 11 2008, 11:42 PM) dont have that much fund, but i have work Don't quit your day job or try to look for another job now. Watch your back, boss may try to cut back and as long you can show you're good worker, you're off the cut back list. This post has been edited by danmooncake: Oct 12 2008, 12:42 AM |
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Oct 12 2008, 01:02 AM
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Senior Member
1,173 posts Joined: Apr 2005 From: Port Dickson
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my job consider stable
boring ler, when market opens? cant wait d...This post has been edited by ante5k: Oct 12 2008, 01:29 AM |
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Oct 12 2008, 01:37 AM
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Junior Member
476 posts Joined: Aug 2008
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QUOTE(eltaria @ Oct 10 2008, 09:55 PM) Anyone care to share their portfolio? Like to expose...but since all the sifus keep quite, I better follow them.. I've just started, and got in at the wrong time I guess Here's mine in total units (NOT LOTS) Share > Units > Purchase Price Atrium > 1,800 > 0.77 Axreit > 500 > 0.76 Cresbld > 5,300 > 0.648 HSL > 9,300 > 0.558 HUAAN > 2,500 > 0.492 Stareit > 3,700 > 0.89 After minus profit taking and some cash withdrawal I'm down 1,665 at the moment. I'll be holding on for the long run, also I think most of my shares are closer to the bottom than the top, except for Crest which I'm considering to sell off if it hits 0.58 ranges, and then hoping it'll drop back to 0.53 How about you guys? Anyone cares to share their portfolio right now? Pretty interesting and scary at the moment, my first time to get seriously involved in shares and this happens |
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Oct 12 2008, 08:06 AM
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Senior Member
594 posts Joined: Jan 2003 From: KL
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Fixed Deposit - 25%
AUD Structured Investment - 25% 4x Unit Trust (US/Europe/Japan, Malaysia, China, Korea/Taiwan) - 40% Stocks (Speculative) - 10% |
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Oct 12 2008, 10:23 AM
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Senior Member
4,030 posts Joined: Apr 2008
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My portfolio:
US equities: 50% Forex (shorting USD/YEN, AUD/USD) 20% Short FKLI 20% Cash 10% Added on October 12, 2008, 10:38 amUS market opens at 9:30 pm Malaysian Time and ends at 4 am. Bond market is close for Columbus holiday but stock market is open. This post has been edited by AdamG1981: Oct 12 2008, 10:39 AM |
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Oct 12 2008, 11:18 AM
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Junior Member
289 posts Joined: Jun 2008 From: Penang
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QUOTE(dreamer101 @ Oct 11 2008, 07:06 PM) Folks, dreamer,This may last for quite a while. Make sure that you have ENOUGH emergency fund to survive FIRST before you invest or speculate. As for myself, I had saved 2 years worth of emergency fund to prepare for this. If you CANNOT survive, you will be forced to sale at wrong time. That will be disastrous. Dreamer Isn't 3 months of emergency fund enough for the average salary man? TWO YEARS seems a bit excessive. if monthly cost for a family of 3 is about RM 3000/month, 3 months is already 9K, 2 years would be 72K? Won't it better invest in other investment vehicle? |
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Oct 12 2008, 11:20 AM
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Senior Member
1,712 posts Joined: Jan 2003
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QUOTE(AdamG1981 @ Oct 12 2008, 10:23 AM) My portfolio: Really? stock market open on next Monday? US equities: 50% Forex (shorting USD/YEN, AUD/USD) 20% Short FKLI 20% Cash 10% Added on October 12, 2008, 10:38 amUS market opens at 9:30 pm Malaysian Time and ends at 4 am. Bond market is close for Columbus holiday but stock market is open. |
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Oct 12 2008, 11:30 AM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(arthas @ Oct 11 2008, 08:20 PM) Really? stock market open on next Monday? Yes, all three markets will be opened on Monday (Columbus). |
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Oct 12 2008, 11:45 AM
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Validating
2,073 posts Joined: Sep 2007 From: last visited
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WTA
 is it the world in financial crisis? everywhere also dropping...when will rise? |
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Oct 12 2008, 11:50 AM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(! Love Money @ Oct 11 2008, 08:45 PM) WTA The market has to correct itself. When there was plenty of mortgage fraud and the availability of easy credit, it was signs of a impending disaster. True enough, 7 trillion dollars were lost in 1 week carnage. is it the world in financial crisis? everywhere also dropping...when will rise? Will U.S emerge to be the next financial superpower? That key question remains. |
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Oct 12 2008, 12:11 PM
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Senior Member
1,214 posts Joined: Oct 2007
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My portfolio:
FD: 50% Stocks: 15% Forex: 10% UT: 15% Cash 10% |
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Oct 12 2008, 12:19 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(espree @ Oct 11 2008, 09:11 PM) My portfolio: Stocks? In Malaysia? Do you use any hedging strategy?FD: 50% Stocks: 15% Forex: 10% UT: 15% Cash 10% |
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Oct 12 2008, 12:36 PM
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Senior Member
1,214 posts Joined: Oct 2007
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QUOTE(AdamG1981 @ Oct 12 2008, 12:19 PM) Stocks? In Malaysia? Do you use any hedging strategy? Yup, stock in malaysia.No, no strategy. I just invest in high dividend yielding, low fluctuation stocks. Or do u have any advice for newbies like me? |
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Oct 12 2008, 12:48 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(espree @ Oct 11 2008, 09:36 PM) Yup, stock in malaysia. Hello, i have pm-ed you. No, no strategy. I just invest in high dividend yielding, low fluctuation stocks. Or do u have any advice for newbies like me? |
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Oct 12 2008, 12:56 PM
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Junior Member
64 posts Joined: Apr 2007 From: KL
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QUOTE(AdamG1981 @ Oct 12 2008, 12:48 PM) Hello, i have pm-ed you. yep, mind to shared the hedging tips too?...may be beneficial 2 noobs like me... tot abt increasing my portfolio in blue chips nw bt unsure yet...wit all the bear runs n election stuff nowadays... |
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Oct 12 2008, 01:11 PM
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Senior Member
852 posts Joined: Jan 2003
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QUOTE(AdamG1981 @ Oct 12 2008, 12:48 PM) Hello, i have pm-ed you. Share here would u or pm me |
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Oct 12 2008, 01:24 PM
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Senior Member
4,030 posts Joined: Apr 2008
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Erm, hold on guys. I need to talk to on a personal basis. You guys can request my msn through pm.
Thanks. |
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Oct 12 2008, 02:07 PM
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Senior Member
2,425 posts Joined: Mar 2007
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Adam so nice!
I wanna ask you about investing in gold. Will PM you for your MSN. __ My portfolio: UT 83% <-- Now I feel a bit stupid about this. #$%^&!! Cash 10% PBB gold 7% (The amount is small, so the percentage is a bit out-of-sorts.) |
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Oct 12 2008, 02:27 PM
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Senior Member
1,173 posts Joined: Apr 2005 From: Port Dickson
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QUOTE(espree @ Oct 12 2008, 12:11 PM) My portfolio: where does EPF go?FD: 50% Stocks: 15% Forex: 10% UT: 15% Cash 10% |
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Oct 12 2008, 02:32 PM
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Senior Member
1,214 posts Joined: Oct 2007
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QUOTE(ante5k @ Oct 12 2008, 02:27 PM) where does EPF go? huh? I dun understand. |
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Oct 12 2008, 02:33 PM
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Senior Member
4,897 posts Joined: Aug 2005
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QUOTE(AdamG1981 @ Oct 12 2008, 01:24 PM) Erm, hold on guys. I need to talk to on a personal basis. You guys can request my msn through pm. patientThanks. he will be at KL soon so u guys can meet him & ask him 10000 questions |
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Oct 12 2008, 02:39 PM
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All Stars
23,851 posts Joined: Dec 2006
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There would be some personal conflicts if you are a trader and at the same time giving out advices to clients.
Who comes first ? Do not mean to flame, just a word of reminder. This post has been edited by SKY 1809: Oct 12 2008, 02:41 PM |
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Oct 12 2008, 02:42 PM
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Senior Member
4,030 posts Joined: Apr 2008
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There won't be any conflicts since clients handle their own portfolio and manages their own money. They can choose to listen or not to listen and they are always encouraged to do their own research.
It's like people giving out advises and opinions on msg boards, you can ignore them if you think they are talking lots of crap, or you can hear them out and see things from a different perspective. This post has been edited by AdamG1981: Oct 12 2008, 02:44 PM |
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Oct 12 2008, 02:44 PM
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All Stars
23,851 posts Joined: Dec 2006
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QUOTE(AdamG1981 @ Oct 12 2008, 02:42 PM) There won't be any conflicts since clients handle their own portfolio and manages their own money. They can choose to listen or not to listen and they are always encourage to do their own research. Well, if you can do it, I wish you best of luck in your coming job. |
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Oct 12 2008, 02:46 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(SKY 1809 @ Oct 11 2008, 11:44 PM) Well, if you can do it, I wish you best of luck in your coming job. Np. Thanks |
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Oct 12 2008, 02:46 PM
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Junior Member
476 posts Joined: Aug 2008
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QUOTE(feralee @ Oct 12 2008, 02:33 PM) patient oo, when wil u guys meet? where?..he will be at KL soon so u guys can meet him & ask him 10000 questions |
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Oct 12 2008, 05:27 PM
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Junior Member
72 posts Joined: Sep 2008
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only effective hedge for downside is to stay cash, coz retail investors can't short
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Oct 12 2008, 06:46 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(meoo @ Oct 12 2008, 05:27 PM) only effective hedge for downside is to stay cash, coz retail investors can't short Short is also a risky bet as well. What if the market recovers but one doesn't cover the short? So short risk is equal to long. It is about risk and money management if one involves in the market, be it long or short. As no one knows the bottom, nor knows it definitely will plunge down further to what level or market bounces back afterwards. Nobody can assure of it. Also in a unprecedental time like this, gov and authority may come out some drastic move. Malaysia is the classic example back 1997-1998. Suddenly KLSE shut the door for short and changed the market rule overnight, which squeezed out and hurt the short sellers a lot back then. As always don't know or nor sure about anything, FD is always the place to be. This post has been edited by cherroy: Oct 12 2008, 06:51 PM |
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Oct 12 2008, 09:18 PM
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All Stars
52,874 posts Joined: Jan 2003
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QUOTE(ante5k @ Oct 12 2008, 02:27 PM) where does EPF go? EPF shouldn't be counted into your portfolio right? |
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Oct 12 2008, 09:46 PM
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All Stars
10,125 posts Joined: Aug 2007
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QUOTE(David83 @ Oct 12 2008, 09:18 PM) EPF shouldn't be counted into your portfolio right? Yes, don't touch EPF because that's retirement money.Don't even look at it until you're ready to retire and just think of it as a extra bonus then. |
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Oct 12 2008, 09:57 PM
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Senior Member
609 posts Joined: Apr 2006
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danmooncake, I agree with you. Most of the malaysian have depleted there EPF in a year or two.
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Oct 12 2008, 11:03 PM
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Senior Member
2,425 posts Joined: Mar 2007
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Oi, Chee Fai...
I seem to bump into you in quite a lot of places. Money no enough, looking for avenues to invest, aye? |
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Oct 12 2008, 11:11 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(meoo @ Oct 12 2008, 02:27 AM) only effective hedge for downside is to stay cash, coz retail investors can't short I beg to differ, retail investors have other methods to hedge against their portfolio abeilt a little more risky. There's why there are derivatives.Again, if one doesn't understand the risk, one shouldn't be trading or speculating in the first place including stocks. This post has been edited by AdamG1981: Oct 12 2008, 11:12 PM |
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Oct 12 2008, 11:38 PM
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All Stars
23,851 posts Joined: Dec 2006
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To get involved in DERIVATIVES at this time, need to study and understand the problems in US first.
This post has been edited by SKY 1809: Oct 12 2008, 11:51 PM |
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Oct 12 2008, 11:50 PM
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Senior Member
4,030 posts Joined: Apr 2008
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Europe to guarantee new bank refinancing. More details in a bit.
EU reportedly to guarantee interbank lending. NEW YORK (MarketWatch)-- European Union leaders meeting in Paris are to guarantee interbank lending by issuing government securities, according to a draft statement from the eurozone summit Sunday cited by Agence-France Presse. This post has been edited by AdamG1981: Oct 12 2008, 11:54 PM |
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Oct 13 2008, 08:18 AM
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All Stars
18,672 posts Joined: Jan 2003 From: Penang
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Erm, I wonder how is the stock today. Seems like there's no indicator.
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Oct 13 2008, 08:19 AM
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Senior Member
1,040 posts Joined: Apr 2005
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Hey guys, i've been reading about the Credit Default Swaps, and how it'll lead to a bigger mess than the housing bubble?
What do you think of it? |
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Oct 13 2008, 08:25 AM
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Senior Member
4,030 posts Joined: Apr 2008
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Credit market is closed in Japan today. There's a slight improvement in the credit market in Aussie.
Analysts are predicting Ted spread to drop from 4.34 to around 400 basis points to high 200s. |
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Oct 13 2008, 08:32 AM
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All Stars
18,672 posts Joined: Jan 2003 From: Penang
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QUOTE(AdamG1981 @ Oct 13 2008, 08:25 AM) Credit market is closed in Japan today. There's a slight improvement in the credit market in Aussie. yeah, can't see any upside still... lolAnalysts are predicting Ted spread to drop from 4.34 to around 400 basis points to high 200s. Added on October 13, 2008, 8:37 ambut I also cannot see any downside... are we there yet? This post has been edited by gogo2: Oct 13 2008, 08:37 AM |
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Oct 13 2008, 08:37 AM
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Senior Member
1,351 posts Joined: Mar 2006 From: KL/S'gor
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Trading outlook seems to be on horizontal today....waiting for more news?
Some how got a hunch another drop will come soon |
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Oct 13 2008, 08:42 AM
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Senior Member
713 posts Joined: Sep 2006 From: Long Island
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monday US market close?
i mean tonight This post has been edited by aretla: Oct 13 2008, 08:43 AM |
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Oct 13 2008, 08:52 AM
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Junior Member
627 posts Joined: Jan 2003
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Aussie market up 4.6%..... hope klse will perform the same ;p
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Oct 13 2008, 09:12 AM
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Senior Member
1,523 posts Joined: Dec 2007 From: Puchong...
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today will star green abit lor... |
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Oct 13 2008, 09:14 AM
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All Stars
18,672 posts Joined: Jan 2003 From: Penang
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omg, did we miss the bottom last Friday? If yes, I'm kicking myself now.
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Oct 13 2008, 09:16 AM
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Senior Member
1,351 posts Joined: Mar 2006 From: KL/S'gor
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PBBANK going back down to red zone...from 9.15 --> 8.90
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Oct 13 2008, 09:17 AM
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All Stars
18,672 posts Joined: Jan 2003 From: Penang
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QUOTE(kingkong81 @ Oct 13 2008, 09:16 AM) PBBANK going back down to red zone...from 9.15 --> 8.90 time to buy now or wait? |
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Oct 13 2008, 09:17 AM
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Senior Member
1,345 posts Joined: Dec 2007
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it's only up a bit......... nobody knows the bottom.....
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Oct 13 2008, 09:22 AM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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lol what a super short rally, lasted for 20 minutes only.
now i am waiting for my stock to come down, like a hungry wolf. |
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Oct 13 2008, 09:25 AM
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Junior Member
627 posts Joined: Jan 2003
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KLSE going red
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Oct 13 2008, 09:26 AM
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Senior Member
1,409 posts Joined: Jan 2003 From: *...I see dead people... *
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yay, red red, i love red
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Oct 13 2008, 09:29 AM
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Senior Member
1,351 posts Joined: Mar 2006 From: KL/S'gor
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huhuhu...red red...
come come!! Heard some rumours Anwar gonna do some hoo-haa in Parliment 2day |
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Oct 13 2008, 09:42 AM
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Senior Member
2,181 posts Joined: Oct 2007
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PBBANK nearing 8.5....yummy!!!!
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Oct 13 2008, 09:49 AM
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All Stars
18,672 posts Joined: Jan 2003 From: Penang
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omg.... buy?
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Oct 13 2008, 09:50 AM
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Senior Member
1,345 posts Joined: Dec 2007
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QUOTE(gogo2 @ Oct 13 2008, 09:49 AM) omg.... buy? Go!! |
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Oct 13 2008, 09:53 AM
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Senior Member
4,030 posts Joined: Apr 2008
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There are signs of credit market thawing, but rumors are spreading like wildfires that the US-ASIA-EUROPE will guarantee interbanks lending.
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Oct 13 2008, 09:54 AM
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Senior Member
1,409 posts Joined: Jan 2003 From: *...I see dead people... *
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shoot ya bullet!
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Oct 13 2008, 09:54 AM
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Senior Member
4,030 posts Joined: Apr 2008
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Don't forget the Parliament is debating the Budget Bill. Najib, first appearance as Finance Minister might want to spice things up.
Added on October 13, 2008, 10:03 amWell think of it this way, when worldwide indices fell too rapidly, there will be a time it would have to rebound due to a) purchases of cheap blue chip out there that has strong fundamentals b) short covering There will be a time when extreme fear will subside. This post has been edited by AdamG1981: Oct 13 2008, 10:06 AM |
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Oct 13 2008, 10:04 AM
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Junior Member
627 posts Joined: Jan 2003
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hmmmm...
KLSE turning green.... me turnning greedy ;p |
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Oct 13 2008, 10:07 AM
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Senior Member
4,030 posts Joined: Apr 2008
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Buy PBB?
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Oct 13 2008, 10:09 AM
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Senior Member
2,033 posts Joined: Jul 2005
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QUOTE(cheefai7 @ Oct 12 2008, 09:57 PM) danmooncake, I agree with you. Most of the malaysian have depleted there EPF in a year or two. Actually in cases where the EPF being depleted in a year or two, most of it are used to buy properties, settle home loan, buy vehicle etc which involve a huge sum. |
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Oct 13 2008, 10:16 AM
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Senior Member
1,345 posts Joined: Dec 2007
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QUOTE(jvcpcv55 @ Oct 13 2008, 10:04 AM) hmmmm... seems like PBBANK still going down despite KLCI turning green KLSE turning green.... me turnning greedy ;p |
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Oct 13 2008, 10:19 AM
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Senior Member
2,033 posts Joined: Jul 2005
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QUOTE(kinwawa @ Oct 13 2008, 09:42 AM) PBBANK nearing 8.5....yummy!!!! Target price revised to 4.50.  The worst global economic depression looming.This post has been edited by Singh_Kalan: Oct 13 2008, 10:48 AM |
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Oct 13 2008, 10:23 AM
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Senior Member
1,351 posts Joined: Mar 2006 From: KL/S'gor
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QUOTE(AdamG1981 @ Oct 13 2008, 09:54 AM) Don't forget the Parliament is debating the Budget Bill. Najib, first appearance as Finance Minister might want to spice things up. I think it will b Anwar who wan to spice things upAdded on October 13, 2008, 10:03 amWell think of it this way, when worldwide indices fell too rapidly, there will be a time it would have to rebound due to a) purchases of cheap blue chip out there that has strong fundamentals b) short covering There will be a time when extreme fear will subside. |
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Oct 13 2008, 10:24 AM
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Junior Member
627 posts Joined: Jan 2003
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QUOTE(Singh_Kalan @ Oct 13 2008, 10:19 AM) Target price revised to 4.50. Wa........PBB 4.50??????? is it possible in 2008????????? The worst global depreciation looming. |
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Oct 13 2008, 10:27 AM
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Senior Member
1,351 posts Joined: Mar 2006 From: KL/S'gor
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QUOTE(Singh_Kalan @ Oct 13 2008, 10:19 AM) Target price revised to 4.50. That is 50% drop in PBB!!! The worst global depreciation looming. Either PBB get its hand into the shit of subprime & credit crisis...or whole malaysia & world drowning in sh!t!!!!! |
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Oct 13 2008, 10:35 AM
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Senior Member
1,256 posts Joined: Nov 2004
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QUOTE(FuQuO @ Oct 13 2008, 09:54 AM) shoot ya bullet! Steady man steady.... enemy not spotted yet |
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Oct 13 2008, 10:36 AM
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Senior Member
2,656 posts Joined: Nov 2004
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QUOTE(AdamG1981 @ Oct 13 2008, 09:53 AM) There are signs of credit market thawing, but rumors are spreading like wildfires that the US-ASIA-EUROPE will guarantee interbanks lending. wow.. That would be if one bank is down, the others will follows... |
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Oct 13 2008, 10:41 AM
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Senior Member
1,345 posts Joined: Dec 2007
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QUOTE(Singh_Kalan @ Oct 13 2008, 10:19 AM) Target price revised to 4.50. maybank will be 2.xx by that time? The worst global depreciation looming. |
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Oct 13 2008, 10:44 AM
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Senior Member
2,033 posts Joined: Jul 2005
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QUOTE(kingkong81 @ Oct 13 2008, 10:27 AM) That is 50% drop in PBB!!! Not suprise. Either PBB get its hand into the shit of subprime & credit crisis...or whole malaysia & world drowning in sh!t!!!!! PBBANK drop around 80% during the last economic downturn in 1997. |
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Oct 13 2008, 10:47 AM
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Senior Member
2,181 posts Joined: Oct 2007
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QUOTE(Singh_Kalan @ Oct 13 2008, 10:44 AM) Not suprise. Hi...u Singh_Kalan rite?? PBBANK drop around 80% during the last economic downturn in 1997. hehehehe....*joking* |
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Oct 13 2008, 10:48 AM
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Junior Member
627 posts Joined: Jan 2003
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PBB keep dropping....
high 9.15 now 8.60 wow/... should i sell or avg?????? |
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Oct 13 2008, 10:58 AM
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Senior Member
1,345 posts Joined: Dec 2007
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QUOTE(jvcpcv55 @ Oct 13 2008, 10:48 AM) PBB keep dropping.... wat's ur price?high 9.15 now 8.60 wow/... should i sell or avg?????? 8.55 already!! This post has been edited by fergie1100: Oct 13 2008, 10:59 AM |
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Oct 13 2008, 11:03 AM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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I find stange thing in FKLI market, it is trading at 10 + points premium over cash market.
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Oct 13 2008, 11:07 AM
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Senior Member
2,033 posts Joined: Jul 2005
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QUOTE(cherroy @ Oct 13 2008, 11:03 AM) I find stange thing in FKLI market, it is trading at 10 + points premium over cash market. It's a trap..dun fall for it |
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Oct 13 2008, 11:10 AM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(Singh_Kalan @ Oct 13 2008, 11:07 AM) It's a trap..dun fall for it That's why I said it is strange, as still got people to buy at premium at current market condition? Most probably short sellers are covering only. |
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Oct 13 2008, 11:12 AM
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Junior Member
627 posts Joined: Jan 2003
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QUOTE(fergie1100 @ Oct 13 2008, 10:58 AM) wat's ur price? 12.00 8.55 already!! decided to cut loss.....  PBB SEE YOU AT 4.50  |
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Oct 13 2008, 11:13 AM
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Senior Member
1,345 posts Joined: Dec 2007
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QUOTE(cherroy @ Oct 13 2008, 11:03 AM) I find stange thing in FKLI market, it is trading at 10 + points premium over cash market. what can we interpret from this? |
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Oct 13 2008, 11:15 AM
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Senior Member
5,587 posts Joined: May 2007 From: KL
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QUOTE(cherroy @ Oct 13 2008, 11:10 AM) That's why I said it is strange, as still got people to buy at premium at current market condition? Most probably short sellers are covering only. why should they cover if they assume its going down even more?Is it KLSE possibly gonna impose a temporary ban on futures trading? |
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Oct 13 2008, 11:17 AM
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Senior Member
1,345 posts Joined: Dec 2007
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QUOTE(jvcpcv55 @ Oct 13 2008, 11:12 AM) 12.00 wow, that's its peak...     decided to cut loss.....    PBB SEE YOU AT 4.50     do u still wan to keep it for long term? weird thing is MAYBANK still stood strong @5.55.... sumthing bad on PBBANK? This post has been edited by fergie1100: Oct 13 2008, 11:19 AM |
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Oct 13 2008, 11:23 AM
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Junior Member
627 posts Joined: Jan 2003
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QUOTE(fergie1100 @ Oct 13 2008, 11:17 AM) wow, that's its peak... Sold at 8.55..... do u still wan to keep it for long term? weird thing is MAYBANK still stood strong @5.55.... sumthing bad on PBBANK? now PBB 8.35 ya... i will buy back at 4.50  |
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Oct 13 2008, 11:23 AM
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Senior Member
1,409 posts Joined: Jan 2003 From: *...I see dead people... *
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8.35 on pbb, 1 day drop so much..wow..
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Oct 13 2008, 11:23 AM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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yo, getting more reddish.
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Oct 13 2008, 11:27 AM
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Senior Member
1,345 posts Joined: Dec 2007
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QUOTE(panasonic88 @ Oct 13 2008, 11:23 AM) yo, getting more reddish. Pana, did u lost faith on ur beloved PBBANK? |
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Oct 13 2008, 11:30 AM
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Junior Member
627 posts Joined: Jan 2003
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PBB Friday drop 0.70
this morning already drop 0.55.... |
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Oct 13 2008, 11:32 AM
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Senior Member
3,944 posts Joined: Jul 2008
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QUOTE(jvcpcv55 @ Oct 13 2008, 12:23 PM) Sold at 8.55..... Lol... think logically ler...is it possible? base on what reason? now PBB 8.35 ya... i will buy back at 4.50 |
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Oct 13 2008, 11:32 AM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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QUOTE(fergie1100 @ Oct 13 2008, 11:27 AM) Pana, did u lost faith on ur beloved PBBANK? not at all. i'll keep on averaging. $10 - $8 - $6 - $3. why bother to sell a good counter that is able to give you handsome dividend annually? assuming one buy at $10 when the stock is $12, why didnt he sell it? why one has to be panic when seeing the stock goes below his cost and can't wait to sell it? |
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Oct 13 2008, 11:36 AM
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Senior Member
899 posts Joined: Feb 2005 From: Sumwhere
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Just wondering, is it a good time to buy in on sapcres??
ONli RM0.87 now and i think it has drop quite alot. Dont see it dropping below Rm0.80. What's your take experts? |
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Oct 13 2008, 11:44 AM
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Senior Member
2,181 posts Joined: Oct 2007
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wah...sapcres almost hangus lo hahahahhaa.....
well....not sure wat's the panic that so many ppl selling..might be due to the drop in crude oil..... but it's quite a substantial drop in recent weeks....so no need to rush into buying imho...... |
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Oct 13 2008, 11:44 AM
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Junior Member
627 posts Joined: Jan 2003
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QUOTE(darkknight81 @ Oct 13 2008, 11:32 AM) Lol... think logically ler...is it possible? base on what reason? hahah... i know... that is only possible unless the foreign fund need ALL the money back home to save A$$.....but decided to cut loss... wait till lower price then buy back.... |
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Oct 13 2008, 11:47 AM
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Senior Member
1,523 posts Joined: Dec 2007 From: Puchong...
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saacres drop some much due on crude oil price down...will effect their earning 2008/09 |
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Oct 13 2008, 11:47 AM
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Senior Member
899 posts Joined: Feb 2005 From: Sumwhere
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Ya sapcres has been in my watchlist since lat week when it broke the RM1 mark. Wanted to go in this morning actually but got in late into my office and when i saw it, it was already at RM0.89..
That's why i was wondering whether is it the best time to go in.. Added on October 13, 2008, 11:48 amWell, i don't see crude oil dropping will drop further. Lowest was last week at (i think) RM76 and now it is at RM80... This post has been edited by hsiengloong: Oct 13 2008, 11:48 AM |
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Oct 13 2008, 11:51 AM
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Senior Member
2,033 posts Joined: Jul 2005
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QUOTE(hsiengloong @ Oct 13 2008, 11:36 AM) Just wondering, is it a good time to buy in on sapcres?? don't think it will go up by much...chances of going down by much is much higher for all stock, not just sapcres. So conclusion is WAIT... ONli RM0.87 now and i think it has drop quite alot. Dont see it dropping below Rm0.80. What's your take experts? |
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Oct 13 2008, 11:54 AM
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Senior Member
2,181 posts Joined: Oct 2007
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ya.....i think OPEC will definately do 'something' if dropped below USD80....but...the prob is....ppl want their 'CASH' now instead of the 'fear' of holding their stocks. Hhahahaah......so...tat's y....all reddish ....due to panic sell la....
ppl dunno this week or next week....wat 'new' prob will surface.....all takut ma.... but if keep for long-term.....if u have the patience....u could just buy n don't monitor liao till next yr hahahhahaa.....dare o not??? |
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Oct 13 2008, 11:55 AM
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Senior Member
5,587 posts Joined: May 2007 From: KL
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QUOTE(hanif444 @ Oct 13 2008, 11:47 AM) saacres drop some much due on crude oil price down...will effect their earning 2008/09 I think Sapcres earnings is intact for 2008 & 2009 as they have already booked in all their orders. The selling volume is small so I believe the selling is due to sellers of their warrants, which is due to expire in 4 months time. If warrants is so cheap, nobody would like to buy the mother with a premium in such an uncertain market. |
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Oct 13 2008, 11:59 AM
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All Stars
10,125 posts Joined: Aug 2007
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QUOTE(hsiengloong @ Oct 13 2008, 11:47 AM) Ya sapcres has been in my watchlist since lat week when it broke the RM1 mark. Wanted to go in this morning actually but got in late into my office and when i saw it, it was already at RM0.89.. RM80??That's why i was wondering whether is it the best time to go in.. Added on October 13, 2008, 11:48 amWell, i don't see crude oil dropping will drop further. Lowest was last week at (i think) RM76 and now it is at RM80... You mean US80 right? They don't trade Oil in Ringgit. If Oil is really in RM80/Barrel, we shall see petrol back to Rm1.50/liter or less. This post has been edited by danmooncake: Oct 13 2008, 12:02 PM |
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Oct 13 2008, 12:00 PM
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Senior Member
713 posts Joined: Sep 2006 From: Long Island
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QUOTE(danmooncake @ Oct 13 2008, 11:59 AM) RM80?? haha... good catch You mean US80 right? They don't trade Oil in Ringgit. |
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Oct 13 2008, 12:03 PM
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Senior Member
2,033 posts Joined: Jul 2005
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wow PBBANK 8.30 PBBANK01 8.15
loss almost 20% in less than 1 week. it's unprecedented drop. PANIC SELLING ON PBBANK HAD STARTED |
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Oct 13 2008, 12:04 PM
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Junior Member
459 posts Joined: Feb 2008
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QUOTE(kinwawa @ Oct 13 2008, 12:54 PM) ya.....i think OPEC will definately do 'something' if dropped below USD80....but...the prob is....ppl want their 'CASH' now instead of the 'fear' of holding their stocks. Hhahahaah......so...tat's y....all reddish ....due to panic sell la.... Hi guys,ppl dunno this week or next week....wat 'new' prob will surface.....all takut ma.... but if keep for long-term.....if u have the patience....u could just buy n don't monitor liao till next yr hahahhahaa.....dare o not??? Long time didn't drop by over here. How is everyone life? The situation is getting worst already. I'm waiting it to drop to the price that i want . Come on. |
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Oct 13 2008, 12:07 PM
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Senior Member
3,944 posts Joined: Jul 2008
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QUOTE(panasonic88 @ Oct 13 2008, 12:32 PM) not at all. i'll keep on averaging. $10 - $8 - $6 - $3. Good say pana why bother to sell a good counter that is able to give you handsome dividend annually? assuming one buy at $10 when the stock is $12, why didnt he sell it? why one has to be panic when seeing the stock goes below his cost and can't wait to sell it?  I am on your side |
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Oct 13 2008, 12:08 PM
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All Stars
10,125 posts Joined: Aug 2007
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QUOTE(DJWC @ Oct 13 2008, 12:04 PM) Hi guys, Ok, ok..name your price .now. All prices are on the board.Long time didn't drop by over here. How is everyone life? The situation is getting worst already. I'm waiting it to drop to the price that i want . Come on. Lelong, Lelong, cheap cheap stocks available. Place your bid and buy now, you don't want to miss the ride. |
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Oct 13 2008, 12:14 PM
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Senior Member
2,359 posts Joined: Apr 2006
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UEMBLDR still steady at 1.40. Its demand still strong even when world market tumble, blue chip drop..
I'm wondering why Uemgroup want to buy back at 1.42. UEmGroup seems loaded and offer cash offer to buy back its other child company stock for restructuring purpose? Is there any major annoucement /plan to boost its share higher than 1.42 soon? I'm holding UEMBLDR at 1.35, still considering to accept the cash offer option. Cheers, v_viper88 |
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Oct 13 2008, 12:14 PM
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Senior Member
1,345 posts Joined: Dec 2007
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QUOTE(panasonic88 @ Oct 13 2008, 11:32 AM) not at all. i'll keep on averaging. $10 - $8 - $6 - $3. I agree.... but i dun have much funds why bother to sell a good counter that is able to give you handsome dividend annually? assuming one buy at $10 when the stock is $12, why didnt he sell it? why one has to be panic when seeing the stock goes below his cost and can't wait to sell it? |
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Oct 13 2008, 12:22 PM
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Senior Member
3,944 posts Joined: Jul 2008
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QUOTE(fergie1100 @ Oct 13 2008, 01:14 PM) I agree.... but i dun have much funds Then buy at the price that you feel comfortable with. |
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Oct 13 2008, 12:25 PM
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Senior Member
899 posts Joined: Feb 2005 From: Sumwhere
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Ya, this could be the case.. But i am looking at this at the long term. Oil price will go up but not down, the way i see it. I think i'll just wait for another 10% drop before i enter... My stupid mistkae, should be US80 hehehe
BTW, any other stocks that is worthwhile to add to my watchlist? QUOTE(sharesa @ Oct 13 2008, 12:55 PM) I think Sapcres earnings is intact for 2008 & 2009 as they have already booked in all their orders. The selling volume is small so I believe the selling is due to sellers of their warrants, which is due to expire in 4 months time. If warrants is so cheap, nobody would like to buy the mother with a premium in such an uncertain market. |
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Oct 13 2008, 12:25 PM
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Senior Member
5,587 posts Joined: May 2007 From: KL
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QUOTE(viper88 @ Oct 13 2008, 12:14 PM) UEMBLDR still steady at 1.40. Its demand still strong even when world market tumble, blue chip drop.. Viper, long time not in this stock section, thought you sold all your UEM Builders, I'm wondering why Uemgroup want to buy back at 1.42. UEmGroup seems loaded and offer cash offer to buy back its other child company stock for restructuring purpose? Is there any major annoucement /plan to boost its share higher than 1.42 soon? I'm holding UEMBLDR at 1.35, still considering to accept the cash offer option. Cheers, v_viper88 anyway, it has been holding really well, good for you |
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Oct 13 2008, 12:27 PM
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Senior Member
899 posts Joined: Feb 2005 From: Sumwhere
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Maybank seems to have the support at 5.55.. Hmm, wonder why
Added on October 13, 2008, 12:29 pmComposite Index back in Green!!! Yipee This post has been edited by hsiengloong: Oct 13 2008, 12:29 PM |
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Oct 13 2008, 12:49 PM
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Senior Member
2,359 posts Joined: Apr 2006
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Yeah, market not so good, i just average down UEMBLDR till 1.35.
I only have litttle money left so i seldom buy other stock except 1 cheap stocks just buy very little nia... Need to clear my Uembldr to reload.. if i accept the offer before 23/10/08, the payment only in after 3 weeks .... tat time end of Nov liaoo How about ur stock portfolio? v_viper88 QUOTE(sharesa @ Oct 13 2008, 12:25 PM) Viper, long time not in this stock section, thought you sold all your UEM Builders, anyway, it has been holding really well, good for you |
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Oct 13 2008, 12:55 PM
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Senior Member
4,030 posts Joined: Apr 2008
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The futures were trading up because DJIA futures were up almost 250 points before giving up gains late in the morning and as HSI briefly turns red, CI dips.
Anyone has a chart right now can see that the daily chart for CI shows a potential hammer with RSI below 20. Technical wise, it's a short term bottom. Please bear in mind that any political events here and overseas might affect the short term movement of the Composite and Futures since many traders are now trading on the news, buy on rumor ; sell on the news. Since Tokyo is closed today, we do not know exactly how the EU's actions so far is affecting LIBOR but we will find out soon enough in 5-6 hours time. Like a compressed spring, we are due for a huge rally, just make sure that YOU SELL when that time happens. FYI: FKLI October 08 closed at 946.5. This post has been edited by AdamG1981: Oct 13 2008, 12:57 PM |
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Oct 13 2008, 12:57 PM
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Senior Member
713 posts Joined: Sep 2006 From: Long Island
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US market close tonight?
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Oct 13 2008, 12:57 PM
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All Stars
18,672 posts Joined: Jan 2003 From: Penang
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i'm totally interest with PBB 8.50. Any advice?
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Oct 13 2008, 12:59 PM
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Senior Member
4,030 posts Joined: Apr 2008
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US market is OPEN tonight but the BOND market is CLOSED.
Please visit NYSE Euronext website for more information. |
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Oct 13 2008, 01:00 PM
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All Stars
18,672 posts Joined: Jan 2003 From: Penang
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no news to indicate upside..selling pressure is still on...
but 8.50 is tempting.. |
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Oct 13 2008, 01:01 PM
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Senior Member
713 posts Joined: Sep 2006 From: Long Island
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QUOTE(gogo2 @ Oct 13 2008, 01:00 PM) no news to indicate upside..selling pressure is still on... 8.50 tempting meh??? but 8.50 is tempting.. no no... |
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Oct 13 2008, 01:03 PM
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All Stars
18,672 posts Joined: Jan 2003 From: Penang
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QUOTE(aretla @ Oct 13 2008, 01:01 PM) 8.50 tempting meh??? yeah, coz it was 9.8 last week. Not bottoming yet? no no... |
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Oct 13 2008, 01:04 PM
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Senior Member
521 posts Joined: Nov 2005
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Public Bank is facing a sell-down by foreign funds.
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Oct 13 2008, 01:07 PM
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All Stars
18,672 posts Joined: Jan 2003 From: Penang
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QUOTE(Ranny @ Oct 13 2008, 01:04 PM) Public Bank is facing a sell-down by foreign funds. I tot there's no more foreign fund in Malaysia? |
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Oct 13 2008, 01:12 PM
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Senior Member
899 posts Joined: Feb 2005 From: Sumwhere
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Bought some when it was at RM8.35... Gut feeling tells me that it may break the RM8 mark...
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Oct 13 2008, 01:13 PM
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Senior Member
4,030 posts Joined: Apr 2008
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DJIA futures: +314
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Oct 13 2008, 01:16 PM
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All Stars
18,672 posts Joined: Jan 2003 From: Penang
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QUOTE(AdamG1981 @ Oct 13 2008, 01:13 PM) DJIA futures: +314 why? what is the news? |
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Oct 13 2008, 01:17 PM
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Senior Member
4,030 posts Joined: Apr 2008
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My target for PBB is 6.20, 50% FB.
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Oct 13 2008, 01:17 PM
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Senior Member
3,944 posts Joined: Jul 2008
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QUOTE(gogo2 @ Oct 13 2008, 02:07 PM) I tot there's no more foreign fund in Malaysia? If i not wrong.. PBBANK and MISC are both the counter which foreign fund are holding right now.. |
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Oct 13 2008, 01:17 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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DJIA Futures: +288
fed & gomen campur tangan jor. |
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Oct 13 2008, 01:19 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(gogo2 @ Oct 12 2008, 10:16 PM) why? what is the news? Kashkari is giving a speech today at IMF, he might give us a clue on what the Treasury is going to do. Rumors are floating around that Treasury will announce purchases of some equity stakes on Tuesday.DJIA futures now up 326. |
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Oct 13 2008, 01:22 PM
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Senior Member
713 posts Joined: Sep 2006 From: Long Island
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QUOTE(AdamG1981 @ Oct 13 2008, 01:17 PM) My target for PBB is 6.20, 50% FB. haha.. typical technical analyst trader |
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Oct 13 2008, 01:23 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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QUOTE(AdamG1981 @ Oct 13 2008, 01:17 PM) My target for PBB is 6.20, 50% FB. i'd set mine at 7.00, by end of the year. |
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Oct 13 2008, 01:24 PM
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Senior Member
4,030 posts Joined: Apr 2008
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PBB chart is very bearish. I won't recommend buying.
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Oct 13 2008, 01:27 PM
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Senior Member
5,587 posts Joined: May 2007 From: KL
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QUOTE(viper88 @ Oct 13 2008, 12:49 PM) Yeah, market not so good, i just average down UEMBLDR till 1.35. all liao I only have litttle money left so i seldom buy other stock except 1 cheap stocks just buy very little nia... Need to clear my Uembldr to reload.. if i accept the offer before 23/10/08, the payment only in after 3 weeks .... tat time end of Nov liaoo How about ur stock portfolio? v_viper88 but never say die yet |
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Oct 13 2008, 01:27 PM
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Senior Member
713 posts Joined: Sep 2006 From: Long Island
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QUOTE(AdamG1981 @ Oct 13 2008, 01:24 PM) PBB chart is very bearish. I won't recommend buying. sigh.. cannot short selling |
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Oct 13 2008, 01:28 PM
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Junior Member
627 posts Joined: Jan 2003
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QUOTE(AdamG1981 @ Oct 13 2008, 01:24 PM) PBB chart is very bearish. I won't recommend buying. PBB is like yoyo..... but down more then up |
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Oct 13 2008, 01:29 PM
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Senior Member
4,030 posts Joined: Apr 2008
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Maybe PBB is exposed to LEHMAN !
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Oct 13 2008, 01:30 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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QUOTE(AdamG1981 @ Oct 13 2008, 01:29 PM) Maybe PBB is exposed to LEHMAN ! |
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Oct 13 2008, 01:30 PM
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Senior Member
4,030 posts Joined: Apr 2008
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Haha, i am just kidding, i am sure it's just hedge fund redemption.
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Oct 13 2008, 01:43 PM
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Senior Member
2,181 posts Joined: Oct 2007
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greed when ppl fear
PBBANK lai lai.... |
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Oct 13 2008, 01:48 PM
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Junior Member
627 posts Joined: Jan 2003
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QUOTE(AdamG1981 @ Oct 13 2008, 01:30 PM) Haha, i am just kidding, i am sure it's just hedge fund redemption. ya.... but the question is howmany more redemption is coming?????? |
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Oct 13 2008, 02:00 PM
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Senior Member
1,904 posts Joined: Jan 2003 From: Kelana Jaya , Petaling Jaya
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any idea what the price to by bursa?
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Oct 13 2008, 02:07 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(jvcpcv55 @ Oct 13 2008, 01:48 PM) ya.... but the question is howmany more redemption is coming?????? It depends on the hedge fund clients, UT fund investors. If they are redeeming their investment, fund managers can't do anything but sell to raise cash to pay back the money to their clients which I mentioned before. Even though Pbbank is at Rm5 or RM3, if clients are redeeming their investment, fund managers still need to sell disregard what situation. It is a contagious effect now. Market fear -> equities plunge -> people fear -> sell more equities -> more fear -> people redeem UT, hedge fund -> fund managers need to sell -> market plunge further -> more fear. You need this spiralling effect to put a stop, then only market will start to stablise. But do remember, even one might be able to buy cheap, (some are still not cheap, I don't reckon Pbbank is dirt cheap even at current level, although it might start to look attractive but to say dirt cheap is still far away, overseas counterpart banks are more cheaper than Pbbank at the moment, don't mean Pbbank won't be a good buy at current level, who knows it might be bounce back later, or plunge further, nobody knows, but it definitely not at 'dirt cheap' level), the market won't bounce back quickly one, after strong technical rebound, there are long way to go for the market consolidation phase and confidence bulidng period, it takes, months and years to rebuild confidence. |
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Oct 13 2008, 02:08 PM
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Senior Member
1,345 posts Joined: Dec 2007
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QUOTE(AdamG1981 @ Oct 13 2008, 12:55 PM) The futures were trading up because DJIA futures were up almost 250 points before giving up gains late in the morning and as HSI briefly turns red, CI dips. u mean KLSE will have huge rally soon?Anyone has a chart right now can see that the daily chart for CI shows a potential hammer with RSI below 20. Technical wise, it's a short term bottom. Please bear in mind that any political events here and overseas might affect the short term movement of the Composite and Futures since many traders are now trading on the news, buy on rumor ; sell on the news. Since Tokyo is closed today, we do not know exactly how the EU's actions so far is affecting LIBOR but we will find out soon enough in 5-6 hours time. Like a compressed spring, we are due for a huge rally, just make sure that YOU SELL when that time happens. FYI: FKLI October 08 closed at 946.5. |
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Oct 13 2008, 02:11 PM
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All Stars
18,672 posts Joined: Jan 2003 From: Penang
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PBB now at RM7.80.
Ok, just kidding. |
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Oct 13 2008, 02:13 PM
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Junior Member
627 posts Joined: Jan 2003
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QUOTE(cherroy @ Oct 13 2008, 02:07 PM) It depends on the hedge fund clients, UT fund investors. If they are redeeming their investment, fund managers can't do anything but sell to raise cash to pay back the money to their clients which I mentioned before. Even though Pbbank is at Rm5 or RM3, if clients are redeeming their investment, fund managers still need to sell disregard what situation. In short ................It is a contagious effect now. Market fear -> equities plunge -> people fear -> sell more equities -> more fear -> people redeem UT, hedge fund -> fund managers need to sell -> market plunge further -> more fear. You need this spiralling effect to put a stop, then only market will start to stablise. But do remember, even one might be able to buy cheap, (some are still not cheap, I don't reckon Pbbank is dirt cheap even at current level, although it might start to look attractive but to say dirt cheap is still far away, overseas counterpart banks are more cheaper than Pbbank at the moment, don't mean Pbbank won't be a good buy at current level, who knows it might be bounce back later, or plunge further, nobody knows, but it definitely not at 'dirt cheap' level), the market won't bounce back quickly one, after strong technical rebound, there are long way to go for the market consolidation phase and confidence bulidng period, it takes, months and years to rebuild confidence. i need a crystal ball...... |
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Oct 13 2008, 02:13 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(fergie1100 @ Oct 12 2008, 11:08 PM) u mean KLSE will have huge rally soon? Relief rally, maybe, but one should buy on rumor and sell on news. Typically after a sustained downward movement, there will be a large decrease in volume which will lead to apathy trading / congestion trading. So don't fall in love with stocks, take the profit on the table if you have. |
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Oct 13 2008, 02:14 PM
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Junior Member
627 posts Joined: Jan 2003
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QUOTE(gogo2 @ Oct 13 2008, 02:11 PM) PBB now at RM7.80. If today PBB can reach 7.80...Ok, just kidding. i will sell everything and buy PBB for technical rebound  |
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Oct 13 2008, 02:18 PM
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Senior Member
4,030 posts Joined: Apr 2008
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DJIA futures + 333
Added on October 13, 2008, 2:19 pmToday the day DOW Jones finally have a rally of 1000 points?? TBD...... This post has been edited by AdamG1981: Oct 13 2008, 02:19 PM |
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Oct 13 2008, 02:22 PM
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Senior Member
1,523 posts Joined: Dec 2007 From: Puchong...
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DJ GOT +500 good already..becoz more bad new coming out..
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Oct 13 2008, 02:27 PM
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Junior Member
491 posts Joined: Feb 2005 From: Cheras LRT
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AdamG1981, where u see this DJIA future price?
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Oct 13 2008, 02:28 PM
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Senior Member
4,030 posts Joined: Apr 2008
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DJIA futures + 345
Haha haniff, it's going up buddy...you missed the boat. Added on October 13, 2008, 2:28 pm QUOTE(cherasbabe @ Oct 12 2008, 11:27 PM) AdamG1981, where u see this DJIA future price? Cnbc.com, or you can watch bloomberg or cnbcThis post has been edited by AdamG1981: Oct 13 2008, 02:28 PM |
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Oct 13 2008, 02:29 PM
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All Stars
23,851 posts Joined: Dec 2006
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If only small retailers are buying, could they cause a powerful rebound ?
It is more like the Iraqi army fighting against the US bombers. This post has been edited by SKY 1809: Oct 13 2008, 02:30 PM |
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Oct 13 2008, 02:30 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(AdamG1981 @ Oct 13 2008, 02:18 PM) DJIA futures + 333 300-500 points is more realistic figure to look at. As too rise too much, will prompt people to take profit as well as short sellers might be interested to short the market again.Added on October 13, 2008, 2:19 pmToday the day DOW Jones finally have a rally of 1000 points?? TBD...... Also. Friday, DJ has covered some loss ground of 600 points. What we need now is market stability and calming down. |
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Oct 13 2008, 02:33 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(cherroy @ Oct 12 2008, 11:30 PM) 300-500 points is more realistic figure to look at. As too rise too much, will prompt people to take profit as well as short sellers might be interested to short the market again. Yup, realistically that could happen as long as the credit market is unfreezing. But I am pretty sure we might even test the 7800 sometime this month again.Also. Friday, DJ has covered some loss ground of 600 points. What we need now is market stability and calming down. Added on October 13, 2008, 2:39 pmFKLI October 08 , 958.5 last done Added on October 13, 2008, 2:45 pmDJIA futures +412 This post has been edited by AdamG1981: Oct 13 2008, 02:45 PM |
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Oct 13 2008, 02:50 PM
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Junior Member
36 posts Joined: Feb 2006
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QUOTE(cherroy @ Oct 11 2008, 09:45 AM) Would consider scoop up some Aussie as well, beaten quite hard and fast last 2 week. What you all think of Aussie now? Today it seems to be pretty stable, though I hope it will drop a little bit more. |
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Oct 13 2008, 02:53 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(dolphine_chan @ Oct 13 2008, 02:50 PM) What you all think of Aussie now? Today it seems to be pretty stable, though I hope it will drop a little bit more. It is under tremendous pressure. I don't recommend buy in large quantity or significant portion of one's portfolio, it might have room for further downside. But personally will dip a bit into it, it dropped a little too fast and drastic last week. |
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Oct 13 2008, 02:53 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(dolphine_chan @ Oct 12 2008, 11:50 PM) What you all think of Aussie now? Today it seems to be pretty stable, though I hope it will drop a little bit more. RBA has hinted that it is willing to further reduce interest rate to spur growth, and Goldman Sachs today reduced the year end target of oil from 115 to 70 usd per barrel as well as several commodities prices. Since Aussie is a comdoll, expect further weakness. |
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Oct 13 2008, 02:54 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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Just to share to all, after checking on Pbbank, its foregin shareholding on lastest update is 31.7%
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Oct 13 2008, 02:55 PM
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Junior Member
627 posts Joined: Jan 2003
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PBB yoyo up and down
from morning 9.15 drop to 8.30 afternoon 8.30back to 8.70...... |
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Oct 13 2008, 02:58 PM
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Senior Member
4,030 posts Joined: Apr 2008
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FYI:
FKLI October 08 has rallied from a bottom of an intraday low of 930. |
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Oct 13 2008, 02:59 PM
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Junior Member
78 posts Joined: Aug 2008
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Sapura crest go down from RM1.00 oledi. Wow so fast .............
Hoping Tchong will go down to RM1.00 also. |
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Oct 13 2008, 03:01 PM
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Senior Member
899 posts Joined: Feb 2005 From: Sumwhere
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Yalor, was eyeing sapcres at 0.87 but now rally back up to 0.93 alraedy....
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Oct 13 2008, 03:02 PM
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Senior Member
566 posts Joined: Mar 2008
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There's actually more volume in this up and down yoyo market then there is a few weeks back
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Oct 13 2008, 03:05 PM
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Senior Member
2,181 posts Joined: Oct 2007
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yaya...sapcres rebounded!!!!
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Oct 13 2008, 03:05 PM
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Junior Member
78 posts Joined: Aug 2008
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Anyway, i think when it reach to RM1.00, one can go in oledi. Seems it now reach RM0.8 ++ , it maybe has chance to go down further, furthermore the current sentiment could not give any good to this share also.
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Oct 13 2008, 03:07 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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GRRRR things are up again. >.<
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Oct 13 2008, 03:08 PM
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Senior Member
899 posts Joined: Feb 2005 From: Sumwhere
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haha arent you happy??
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Oct 13 2008, 03:08 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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Market suddenly get some confidence. May be it is good for equities that bonds market being closed down, so no one can buy T-bill nor monitor how credit market behave.
Go Go Go. |
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Oct 13 2008, 03:09 PM
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Junior Member
78 posts Joined: Aug 2008
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This was what i shared last time. I tink this share not bad.
Oil and gas company Current price is RM1.29. EPS 2008 - 7.5 PE for the current price give - 17 times. Dividened - 2 sen per share debt ratio is around 1.0 ++ ......quite ok i think. |
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Oct 13 2008, 04:37 PM
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Senior Member
2,181 posts Joined: Oct 2007
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Sapces also back to neutral lo.....wat a great price swing....just like Dow last friday! Hehehehe
Added on October 13, 2008, 4:37 pmPS: More 'rescue' packages are announced...hai....good/bad????? This post has been edited by kinwawa: Oct 13 2008, 04:38 PM |
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Oct 13 2008, 04:42 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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agree with AdamG.
buy on rumour, sell on news. |
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Oct 13 2008, 04:55 PM
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Junior Member
417 posts Joined: Sep 2004
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the problem is we don't alwis get to sell on the desired price due to the heavy volumn.... line is too heavy....
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Oct 13 2008, 05:05 PM
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Senior Member
521 posts Joined: Nov 2005
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QUOTE(panasonic88 @ Oct 13 2008, 04:42 PM) agree with AdamG. this theory oredi existed >10 years ago la, but only can apply in Bolehland. Why? Bcoz of long settlement date. Advanced country usually is T+1.buy on rumour, sell on news. |
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Oct 13 2008, 05:07 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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what the...everything rise back kaw kaw.
beh syiok beh syiok!!!! |
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Oct 13 2008, 05:12 PM
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Senior Member
4,030 posts Joined: Apr 2008
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No Ranny, margin trading in US is also T +3.
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Oct 13 2008, 05:15 PM
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Senior Member
2,181 posts Joined: Oct 2007
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once all rise....everybody 'em song jor'....chit chat in forum also reduced liao hehehhehe
let's c how Dow n Oil Price rally tonite..... |
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Oct 13 2008, 05:18 PM
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Senior Member
521 posts Joined: Nov 2005
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QUOTE(AdamG1981 @ Oct 13 2008, 05:12 PM) No Ranny, margin trading in US is also T +3. u mean contra in US is T+3? can u point me to the website coz i oso want to know more bout it.HK,Japan & Spore is T+1 right? This post has been edited by Ranny: Oct 13 2008, 05:18 PM |
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Oct 13 2008, 05:21 PM
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Senior Member
1,345 posts Joined: Dec 2007
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QUOTE(kinwawa @ Oct 13 2008, 05:15 PM) once all rise....everybody 'em song jor'....chit chat in forum also reduced liao hehehhehe haha... i wonder how long the rally can last...... let's c how Dow n Oil Price rally tonite..... |
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Oct 13 2008, 05:24 PM
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Senior Member
2,013 posts Joined: Aug 2007 From: USJ
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Indications are Dow will be up tonight?
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Oct 13 2008, 05:28 PM
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Senior Member
1,649 posts Joined: Jan 2003
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hi, ive just registered myself successfully at osk188.com... and im completely new here, can anyone give me some pointers? anyone done their homework and got suggestions on what to buy?
i can use up to 10k.. since im new, i wanna start small and learn.. please give me suggestions anyone ... i wanna learn from playing i see we're in recession now, i think its a good time to start buying... around now. where should beginners begin? thx! |
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Oct 13 2008, 05:33 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(panasonic88 @ Oct 13 2008, 05:07 PM) what the...everything rise back kaw kaw. Ok lah, for today market, can't complain much. beh syiok beh syiok!!!!  |
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Oct 13 2008, 05:36 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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QUOTE(cherroy @ Oct 13 2008, 05:33 PM) Ok lah, for today market, can't complain much. just feel like ranting a bit nia ngor yan!!! save up my bullets for the next round! |
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Oct 13 2008, 05:42 PM
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Senior Member
1,345 posts Joined: Dec 2007
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QUOTE(panasonic88 @ Oct 13 2008, 05:36 PM) just feel like ranting a bit nia dun like that, lemme clear some of my shares on hands 1st b4 the next plunge..... ngor yan!!! save up my bullets for the next round! This post has been edited by fergie1100: Oct 13 2008, 05:42 PM |
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Oct 13 2008, 05:46 PM
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Senior Member
1,523 posts Joined: Dec 2007 From: Puchong...
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Green monday mah...now every where also talking about green green green...F1 also starting using green tyre..haha |
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Oct 13 2008, 06:14 PM
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Senior Member
772 posts Joined: Jan 2003 From: Bkt Jalil
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QUOTE(biatche @ Oct 13 2008, 05:28 PM) hi, ive just registered myself successfully at osk188.com... and im completely new here, can anyone give me some pointers? anyone done their homework and got suggestions on what to buy? hey! A newbie spotted..... Common gurus, now's your chance to ride on some virgin luck i can use up to 10k.. since im new, i wanna start small and learn.. please give me suggestions anyone ... i wanna learn from playing i see we're in recession now, i think its a good time to start buying... around now. where should beginners begin? thx! |
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Oct 13 2008, 06:37 PM
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Validating
2,073 posts Joined: Sep 2007 From: last visited
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QUOTE(biatche @ Oct 13 2008, 05:28 PM) hi, ive just registered myself successfully at osk188.com... and im completely new here, can anyone give me some pointers? anyone done their homework and got suggestions on what to buy? hello,i can use up to 10k.. since im new, i wanna start small and learn.. please give me suggestions anyone ... i wanna learn from playing i see we're in recession now, i think its a good time to start buying... around now. where should beginners begin? thx! how u register? need any minimum amount to register? since the market value is dropping i am waiting it to raise... and y choose osk188? got any other choice? |
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Oct 13 2008, 06:37 PM
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Senior Member
2,425 posts Joined: Mar 2007
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QUOTE(hanif444 @ Oct 13 2008, 05:46 PM) Green monday mah...now every where also talking about green green green...F1 also starting using green tyre..haha There's also green horns with virgin luck.X^D |
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Oct 13 2008, 06:38 PM
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Junior Member
467 posts Joined: Apr 2008
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It's kind of hard to be patient waiting for the targeted price comes....
When I want to buy, I curse market drop ! When I want to sell, I pray god for good economy !!  Aiyo....I am Mr Bean lah ! |
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Oct 13 2008, 06:39 PM
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Senior Member
1,649 posts Joined: Jan 2003
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QUOTE(Ya Rerd @ Oct 13 2008, 06:14 PM) hey! A newbie spotted..... Common gurus, now's your chance to ride on some virgin luck i don't quite get this...cmon help a newbie please |
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Oct 13 2008, 07:25 PM
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All Stars
52,874 posts Joined: Jan 2003
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US market opens tonight? I thought it's Columbus' Day.
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Oct 13 2008, 07:52 PM
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Senior Member
4,897 posts Joined: Aug 2005
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QUOTE(! Love Money @ Oct 13 2008, 06:37 PM) hello, OSK- Orang Sangat Kaya how u register? need any minimum amount to register? since the market value is dropping i am waiting it to raise... and y choose osk188? got any other choice? Anyway many u can choose CIMB, HwangDBS, Maybank, AMbank etc.... |
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Oct 13 2008, 08:33 PM
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Junior Member
97 posts Joined: Apr 2007
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QUOTE(feralee @ Oct 13 2008, 07:52 PM) OSK- Orang Sangat Kaya hi, anyone make money today? Anyway many u can choose CIMB, HwangDBS, Maybank, AMbank etc.... |
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Oct 13 2008, 08:34 PM
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Senior Member
1,256 posts Joined: Nov 2004
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Let c DJ will stop bleeding or not
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Oct 13 2008, 08:38 PM
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All Stars
52,874 posts Joined: Jan 2003
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QUOTE(Junior83 @ Oct 13 2008, 08:34 PM) Let c DJ will stop bleeding or not DJIA Futures is up by 350 points. Should be a green day I believe.Dow futures climb almost 350 after horrible week http://biz.yahoo.com/ap/081013/wall_street.html This post has been edited by David83: Oct 13 2008, 08:38 PM |
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Oct 13 2008, 09:07 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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QUOTE(David83 @ Oct 13 2008, 07:25 PM) US market opens tonight? I thought it's Columbus' Day. US market is open. the Bond Market is close. |
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Oct 13 2008, 09:12 PM
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All Stars
10,125 posts Joined: Aug 2007
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There is going to a huge rally this week! Buy! Buy! Buy!
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Oct 13 2008, 09:13 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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i thought we should be selling on strength.
it should be, SELL SELL SELL. |
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Oct 13 2008, 09:17 PM
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All Stars
10,125 posts Joined: Aug 2007
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QUOTE(panasonic88 @ Oct 13 2008, 09:13 PM) i thought we should be selling on strength. Well.. not yet.. because we're down to 20~30%.. we're oversold.it should be, SELL SELL SELL. If stock gets back to at least 10~15%, then it is sell. Let's go thru at least middle part of the week. Euro got good news this morning and I expect US to follow with plan to stablise the market. |
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Oct 13 2008, 09:26 PM
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Senior Member
1,649 posts Joined: Jan 2003
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anyone got any tips for a newbie? i really wanna buy something this week, considering the market fall last week
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Oct 13 2008, 09:29 PM
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All Stars
10,125 posts Joined: Aug 2007
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QUOTE(biatche @ Oct 13 2008, 09:26 PM) anyone got any tips for a newbie? i really wanna buy something this week, considering the market fall last week Are you long or short? Unless you're really ready to dive in with COLD HARD cash and click of a button, stay on the sidelines and watch because this week IS NOT for newbie. Seriously, this week is still very volatile and beginning of the week we are seeing some rally but little volume.By Tuesday or Wednesday, we'll see if rally can last.. or beginning signs of a bottom. :-) |
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Oct 13 2008, 09:30 PM
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Senior Member
1,904 posts Joined: Jan 2003 From: Kelana Jaya , Petaling Jaya
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Adam what you do you bursa will be the right time to buy?
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Oct 13 2008, 09:31 PM
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All Stars
10,125 posts Joined: Aug 2007
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US Morgan Stanley got hell of deal. They're UP 60%! DAMN!!
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Oct 13 2008, 09:35 PM
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All Stars
52,874 posts Joined: Jan 2003
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QUOTE(danmooncake @ Oct 13 2008, 09:31 PM) US Morgan Stanley got hell of deal. They're UP 60%! DAMN!! That's the power of CASH! |
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Oct 13 2008, 09:46 PM
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Senior Member
1,040 posts Joined: Apr 2005
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Dow Up 400...
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Oct 13 2008, 09:53 PM
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Senior Member
1,351 posts Joined: Mar 2006 From: KL/S'gor
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Soros said..."This is made by the regulators..."
In some sense it is true wif $700 billion injected as well as worldwide effort injecting liquidity So, will this calm d investors & bring some sense back to them?? We shall see... |
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Oct 13 2008, 10:08 PM
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Senior Member
1,712 posts Joined: Jan 2003
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Hmm.... i saw some news saying that the bottom is hit... Is it true to believe? Only time can tell....
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Oct 13 2008, 10:10 PM
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Senior Member
8,510 posts Joined: Dec 2004 From: KayEL
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wow : DJIA Up 406.92 (4.81%).
Hope all my counters esp. KNM fly high, so tat I can unload.. Added on October 13, 2008, 10:11 pmwow : DJIA Up 406.92 (4.81%). Hope all my counters esp. KNM fly high, so tat I can unload.. This post has been edited by zamans98: Oct 13 2008, 10:11 PM |
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Oct 13 2008, 10:11 PM
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All Stars
52,874 posts Joined: Jan 2003
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QUOTE(zamans98 @ Oct 13 2008, 10:10 PM) wow : DJIA Up 406.92 (4.81%). KNM lowest is 0.895 today! Damn! I missed it!Hope all my counters esp. KNM fly high, so tat I can unload.. |
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Oct 13 2008, 10:18 PM
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Senior Member
1,351 posts Joined: Mar 2006 From: KL/S'gor
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QUOTE(zamans98 @ Oct 13 2008, 10:10 PM) wow : DJIA Up 406.92 (4.81%). Yup...go go go...Hope all my counters esp. KNM fly high, so tat I can unload.. Added on October 13, 2008, 10:11 pmwow : DJIA Up 406.92 (4.81%). Hope all my counters esp. KNM fly high, so tat I can unload.. so that 2mr GAMUDA will GO GO GO!!! |
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Oct 13 2008, 10:22 PM
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Senior Member
1,649 posts Joined: Jan 2003
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QUOTE(danmooncake @ Oct 13 2008, 09:29 PM) Are you long or short? Unless you're really ready to dive in with COLD HARD cash and click of a button, stay on the sidelines and watch because this week IS NOT for newbie. Seriously, this week is still very volatile and beginning of the week we are seeing some rally but little volume. if you have any suggestions, please pm me. i hope to learn from the experienced, and start from there.By Tuesday or Wednesday, we'll see if rally can last.. or beginning signs of a bottom. :-) |
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Oct 13 2008, 10:37 PM
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Senior Member
4,030 posts Joined: Apr 2008
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It's going to be a sustained rally, unless the last hour we see a huge sell off again.
TED and LIBOR are declining, which is good news. Market is stabilizing. Congratz to those who listened to me and brave it out. |
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Oct 13 2008, 10:43 PM
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Senior Member
1,120 posts Joined: Jul 2006
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QUOTE(AdamG1981 @ Oct 13 2008, 10:37 PM) It's going to be a sustained rally, unless the last hour we see a huge sell off again. AdamG, where you check latest LIBOR and TED rate?TED and LIBOR are declining, which is good news. Market is stabilizing. Congratz to those who listened to me and brave it out. This will serve good indicator for credit crisis. LIBOR up -> credit crisis worst LIBOR down -> credit crisis lesser Thanks in advance |
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Oct 13 2008, 10:47 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(dreams_achiever @ Oct 13 2008, 07:43 AM) AdamG, where you check latest LIBOR and TED rate? www.cnbc.comThis will serve good indicator for credit crisis. LIBOR up -> credit crisis worst LIBOR down -> credit crisis lesser Thanks in advance http://www.cnbc.com/id/26905693 |
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Oct 13 2008, 10:58 PM
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All Stars
23,851 posts Joined: Dec 2006
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US still got 10 trillions of debts, not CASH, a long term pain.
700 billions and bank backups are just the short term pain killers. They need to do more to reform the economy. |
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Oct 13 2008, 11:00 PM
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Senior Member
1,712 posts Joined: Jan 2003
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QUOTE(AdamG1981 @ Oct 13 2008, 10:37 PM) It's going to be a sustained rally, unless the last hour we see a huge sell off again. So does it mean that the worst time had over? TED and LIBOR are declining, which is good news. Market is stabilizing. Congratz to those who listened to me and brave it out. This post has been edited by arthas: Oct 13 2008, 11:00 PM |
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Oct 13 2008, 11:07 PM
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All Stars
18,672 posts Joined: Jan 2003 From: Penang
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probably this last life.... prepare to die....
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Oct 13 2008, 11:14 PM
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Senior Member
1,120 posts Joined: Jul 2006
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QUOTE(arthas @ Oct 13 2008, 11:00 PM) So does it mean that the worst time had over? Nope, in my opinion not yet.This Wed and Thursday will be another critical time whether DJI will sustain this temporal rally. FYI, Wednesday will be quartely results for JP Morgan and Wells Fargo While Citigroup & Merrill will announce theirs result on Thursday (this day will be most best part as Citigroup & Merrill are badly affected by credit crisis). So be watch out. Dun over optimistic on today rally. It's just dead cat rebounce after last week big plunged. |
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Oct 13 2008, 11:15 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(arthas @ Oct 13 2008, 08:00 AM) So does it mean that the worst time had over? No, it means the 7800 is a temporary floor for the market. However, we will see a retest of the LOW as more economic print is out. This is a relief rally, nothing more to it. |
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Oct 13 2008, 11:28 PM
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Senior Member
3,887 posts Joined: Jun 2008
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Over?
Nah, I think whats going on now is like video game. Enter coins to continue... someday you will stop playing as well... timing is everything. The bottom is at 0, you are not at bottom when you are not at 0. |
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Oct 13 2008, 11:38 PM
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Junior Member
357 posts Joined: May 2006
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DJ up more than 500pts now...
Can wait to see how it ends.. |
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Oct 14 2008, 12:09 AM
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Senior Member
521 posts Joined: Nov 2005
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Dow will probably end in positive zone tonite.
But whether it is a technical rebound or long term sustained rally remained to be seen. |
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Oct 14 2008, 12:53 AM
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Senior Member
1,173 posts Joined: Apr 2005 From: Port Dickson
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i hope it drops ...
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Oct 14 2008, 01:23 AM
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All Stars
10,125 posts Joined: Aug 2007
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QUOTE(ante5k @ Oct 14 2008, 12:53 AM) i hope it drops ... You're shorts, aren't you? Short sellers will get squeezed today. Tomorrow, Asia markets will follow with rally too esp. Japan Nikkei since they're be back from the holiday. KLSE will regain back 3.6% it lost easily. I can see PUBLIC BANK will go back to RM10! Too bad for those we didn't buy today. |
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Oct 14 2008, 01:28 AM
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Senior Member
4,030 posts Joined: Apr 2008
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Might be a two day rally, today's being the first. I won't short going in tomorrow am/pm.
Added on October 14, 2008, 3:22 amCourtesy of CNBC.Com Calender week for US market: This Week: MONDAY: Bond market closed for Columbus Day holiday; stock market is open. TUESDAY: Earnings from Johnson & Johnson, Pepsi WEDNESDAY: Weekly mortgage applications; Empire State manufacturing survey; PPI; retail sales; business inventories; weekly crude inventories; Fed's beige book; Earnings from Abbott Labs, Coca-Cola, JPMorgan, Wells Fargo and eBay THURSDAY: CPI; weekly jobless claims; industrial production; Philly Fed survey; weekly natural-gas inventories; Earnings from Bank of New York Mellon, BB&T, Citigroup, CIT Group, Continental, Harley-Davidson, Hershey, Merrill Lynch, Nokia, PNC Bank, Southwest Air, United Technologies, AMD, Capital One, Google and IBM FRIDAY: Housing starts; consumer sentiment; Earnings from Gannett, Honeywell and Sony Ericsson Added on October 14, 2008, 4:06 am QUOTE(cherroy @ Oct 12 2008, 11:30 PM) 300-500 points is more realistic figure to look at. As too rise too much, will prompt people to take profit as well as short sellers might be interested to short the market again. Sorry Sifu Cherroy, i guess you owe me a mamak meal when i come to KL Also. Friday, DJ has covered some loss ground of 600 points. What we need now is market stability and calming down. Dow Logs Biggest One-Day Point Gain Ever Stocks bounced back from their worst week ever with one of their best performances in history as investors cheered a global cash infusion designed to help avoid a global meltdown. The Dow Jones Industrial Average gained about 950 points, or more than 11 percent. It was the biggest point gain in the Dow's history, and the biggest percentage gain since 1933. The S&P 500 and Nasdaq gained nearly 12 percent. http://www.cnbc.com/id/27166818 This post has been edited by AdamG1981: Oct 14 2008, 04:06 AM |
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Oct 14 2008, 04:15 AM
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All Stars
10,125 posts Joined: Aug 2007
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Woo hoo!! Market closed..
Wall Street Skyrockets as Government Pledges Bank Aid; Dow Jumps More Than 900 Points Watch out.. here come the bulls!! |
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Oct 14 2008, 05:49 AM
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Senior Member
8,510 posts Joined: Dec 2004 From: KayEL
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yes! ^DJI 9,387.61 +936.42
Best single day rally. The worst is not over, instead its just begun. Well the good news is today KLSE will up by 20-30 point, heck given some miracle, can see it back to 988.88 |
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Oct 14 2008, 06:12 AM
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Senior Member
1,563 posts Joined: Jan 2003 From: peejay
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We have the worst single day drop and best single day rally in 1 week... Beat the record..
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Oct 14 2008, 06:47 AM
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Senior Member
4,305 posts Joined: Sep 2008
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That's sign of bear market...
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Oct 14 2008, 07:39 AM
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All Stars
10,125 posts Joined: Aug 2007
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QUOTE(htt @ Oct 14 2008, 06:47 AM) That's sign of bear market... I wanna see the bears take some vacation. Let the bulls roam free for at least a while!! |
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Oct 14 2008, 07:46 AM
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Senior Member
1,120 posts Joined: Jul 2006
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QUOTE(danmooncake @ Oct 14 2008, 07:39 AM) I wanna see the bears take some vacation. Let the bulls roam free for at least a while!! Wow..biggest single day rally in 7 decades. Everyday DJ is setting records..Biggest weekly drop and single biggest day rally broke liao..what's more can be broke..hehe From volume indicator seem not encouraging. Still less than last Friday volume. |
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Oct 14 2008, 08:23 AM
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Senior Member
4,305 posts Joined: Sep 2008
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Agree, let me offload some of my holding first
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Oct 14 2008, 08:26 AM
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Senior Member
1,040 posts Joined: Apr 2005
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Nikkei's showing good gains too... already up 200.
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Oct 14 2008, 08:27 AM
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All Stars
52,874 posts Joined: Jan 2003
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New Zeland also looks good ... up by 7%:
http://biz.thestar.com.my/news/story.asp?f...45&sec=business |
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Oct 14 2008, 08:31 AM
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Senior Member
547 posts Joined: Mar 2007 From: K L
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QUOTE(zamans98 @ Oct 14 2008, 06:49 AM) yes! ^DJI 9,387.61 +936.42 thought the biggest one day gain show that the market is rebounding. Is it really as you said it is just begin ?Best single day rally. The worst is not over, instead its just begun. Well the good news is today KLSE will up by 20-30 point, heck given some miracle, can see it back to 988.88 |
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Oct 14 2008, 08:47 AM
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Senior Member
1,351 posts Joined: Mar 2006 From: KL/S'gor
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2day gonna b another round of super rally...Go Go Go...GAMUDA!
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Oct 14 2008, 08:58 AM
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Senior Member
3,944 posts Joined: Jul 2008
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QUOTE(kingkong81 @ Oct 14 2008, 09:47 AM) 2day gonna b another round of super rally...Go Go Go...GAMUDA! I heard this counter going to privatize rite? |
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Oct 14 2008, 09:03 AM
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Senior Member
1,040 posts Joined: Apr 2005
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up 20 points straight away
Those who held on to their stocks, u guys selling now, or wait another day? |
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Oct 14 2008, 09:04 AM
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Senior Member
1,523 posts Joined: Dec 2007 From: Puchong...
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green green green day...so good |
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Oct 14 2008, 09:07 AM
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Senior Member
1,345 posts Joined: Dec 2007
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QUOTE(eltaria @ Oct 14 2008, 09:03 AM) up 20 points straight away hmm..... i was still thinking..... Those who held on to their stocks, u guys selling now, or wait another day? PBBANK up to 9.00 already... |
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Oct 14 2008, 09:08 AM
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Senior Member
1,351 posts Joined: Mar 2006 From: KL/S'gor
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QUOTE(eltaria @ Oct 14 2008, 09:03 AM) up 20 points straight away Wont b holding long...Those who held on to their stocks, u guys selling now, or wait another day? This might juz b a relief rally... Wed & Thurs hav more to come on Quarterly financial results fr d few trouble banks in US |
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Oct 14 2008, 09:10 AM
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All Stars
10,125 posts Joined: Aug 2007
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QUOTE(kingkong81 @ Oct 14 2008, 09:08 AM) Wont b holding long... If unsure about Wed/Thurs earnings report, sell some by Tuesday at close of market,This might juz b a relief rally... Wed & Thurs hav more to come on Quarterly financial results fr d few trouble banks in US take some profits off the table. This post has been edited by danmooncake: Oct 14 2008, 09:11 AM |
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Oct 14 2008, 09:13 AM
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Senior Member
941 posts Joined: Feb 2006 From: ^^Heaven^^
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One question.
If there is no trading, why prices will jump on an opening with different price between closing the day before and opening the day after. |
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Oct 14 2008, 09:19 AM
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Senior Member
1,351 posts Joined: Mar 2006 From: KL/S'gor
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QUOTE(keelim @ Oct 14 2008, 09:13 AM) One question. There was those overnight traders who already key in their order earlier before market opens...mayb thats yIf there is no trading, why prices will jump on an opening with different price between closing the day before and opening the day after. Correct me if I'm wrong... --------- Yep...gonna sell off 2day ----------- Market seems to stagnant liao...no more up?? This post has been edited by kingkong81: Oct 14 2008, 09:23 AM |
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Oct 14 2008, 09:21 AM
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Senior Member
2,181 posts Joined: Oct 2007
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wah...today all so happy wor
let's c if this is the beginning of the so called 'recovery' heheheheAdded on October 14, 2008, 9:22 amrecovery in a sense that..market stabilize..no more up 20 down 20 etc...up gradually will b good This post has been edited by kinwawa: Oct 14 2008, 09:22 AM |
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Oct 14 2008, 09:24 AM
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Senior Member
1,040 posts Joined: Apr 2005
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Nikkei's going above 12% matching DJ...
My Exit price not in sight :'( |
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Oct 14 2008, 09:38 AM
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All Stars
18,672 posts Joined: Jan 2003 From: Penang
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omg, I should have grab PBBANK yesterday. Who ever ask me not too must belanja me makan
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Oct 14 2008, 09:40 AM
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Senior Member
1,345 posts Joined: Dec 2007
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QUOTE(gogo2 @ Oct 14 2008, 09:38 AM) omg, I should have grab PBBANK yesterday. Who ever ask me not too must belanja me makan i ask u to go in already btw, KLCI no more strength to go up...... QUOTE(eltaria @ Oct 14 2008, 09:24 AM) Nikkei's going above 12% matching DJ... me too My Exit price not in sight :'( rarely can sell anything yet.....This post has been edited by fergie1100: Oct 14 2008, 09:40 AM |
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Oct 14 2008, 09:49 AM
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Senior Member
4,030 posts Joined: Apr 2008
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CI might hit 980 today. We shall see.
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Oct 14 2008, 10:00 AM
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Senior Member
5,587 posts Joined: May 2007 From: KL
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QUOTE(fergie1100 @ Oct 14 2008, 09:40 AM) i ask u to go in already maybe you can manage to sell this afternoon btw, KLCI no more strength to go up...... me too rarely can sell anything yet..... ,do not seem to have much profit-takers by this hour is a good sign.... |
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Oct 14 2008, 10:02 AM
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Senior Member
899 posts Joined: Feb 2005 From: Sumwhere
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Gonna be such a weird market this week. I gonna sell whatever i have not when price is right, but when it goes up or down 10%...
Better to hold on to cash and buy it back next time rather than getting stuck... |
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Oct 14 2008, 10:04 AM
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Senior Member
5,587 posts Joined: May 2007 From: KL
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QUOTE(hsiengloong @ Oct 14 2008, 10:02 AM) Gonna be such a weird market this week. I gonna sell whatever i have not when price is right, but when it goes up or down 10%... if only you predict market is going bad very soon.. Better to hold on to cash and buy it back next time rather than getting stuck... |
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Oct 14 2008, 10:06 AM
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Junior Member
627 posts Joined: Jan 2003
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QUOTE(AdamG1981 @ Oct 14 2008, 09:49 AM) CI might hit 980 today. We shall see. Selling pressure is preventing KLSE to go up........ hmmm....980 in afternoon |
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Oct 14 2008, 10:06 AM
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Senior Member
899 posts Joined: Feb 2005 From: Sumwhere
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Not that it is gonna be bad soon (well it may be).. But it's so volatile that the market is pumping my adrenaline more than watching Die Hard 4..
Plus, i think its better if i sell of more so that i can concentrate on my work.. My boss is already asking me for tips on the stock market (wonder if its a bad sign or wat!!) |
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Oct 14 2008, 10:09 AM
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Senior Member
5,587 posts Joined: May 2007 From: KL
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QUOTE(hsiengloong @ Oct 14 2008, 10:06 AM) Not that it is gonna be bad soon (well it may be).. But it's so volatile that the market is pumping my adrenaline more than watching Die Hard 4.. ha-ha! Plus, i think its better if i sell of more so that i can concentrate on my work.. My boss is already asking me for tips on the stock market (wonder if its a bad sign or wat!!) Definitely a good sign, your boss and you are a gang already.There's always no harm sell on profit. |
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Oct 14 2008, 10:11 AM
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Senior Member
899 posts Joined: Feb 2005 From: Sumwhere
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hehe Yeah, that's what i thought, no harm ma..
Hopefully there's not many people like me out there else we wont even see 988pts in the comin days |
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Oct 14 2008, 10:15 AM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(jvcpcv55 @ Oct 13 2008, 07:06 PM) Selling pressure is preventing KLSE to go up........ This is base on the FKLI movement, it is now trading sideways ranging from 979 to 984. But it passes 984, i am expecting KLCI to trade high 970s to 980s. hmmm....980 in afternoon DJIA futures is helping and is showing a +200 point upon open. Today would be another smaller rally for DJIA and if so the technical correction will be completed. We will head down after these two days when the euphoria dies down. This post has been edited by AdamG1981: Oct 14 2008, 10:16 AM |
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Oct 14 2008, 10:27 AM
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Senior Member
4,305 posts Joined: Sep 2008
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QUOTE(keelim @ Oct 14 2008, 09:13 AM) One question. If no seller, only buyer and the buyer price is higher than the last done price for a few session, then the price will adjust up, I think that's the case, not very sure about this also.If there is no trading, why prices will jump on an opening with different price between closing the day before and opening the day after. |
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Oct 14 2008, 10:42 AM
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Senior Member
521 posts Joined: Nov 2005
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QUOTE(htt @ Oct 14 2008, 10:27 AM) If no seller, only buyer and the buyer price is higher than the last done price for a few session, then the price will adjust up, I think that's the case, not very sure about this also. It is based on match order. The system will take in orders at 830am and the highest bidder will have his order match in priority than the lower bidder.If there is someone selling lower than the highest bidder, than it will be sorted whoever have his price placed earlier. |
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Oct 14 2008, 10:45 AM
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Senior Member
5,587 posts Joined: May 2007 From: KL
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QUOTE(htt @ Oct 14 2008, 10:27 AM) If no seller, only buyer and the buyer price is higher than the last done price for a few session, then the price will adjust up, I think that's the case, not very sure about this also. today, whole world is anticpating higher stock prices.If a popular stock closed yesterday @ 1.00, chances are slim that you can buy this morning opening price @1.00. Seller will surely ask for higher price , eg. Sell @1.08 because it is speculated to be higher today base on worldwide performances. Some buyers who do not want to miss the rally may place higher bet @1.08, then his price matches the above, so you will see a jump-up opening price. Added on October 14, 2008, 10:59 amProfit-taking begins This post has been edited by sharesa: Oct 14 2008, 10:59 AM |
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Oct 14 2008, 11:00 AM
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Senior Member
521 posts Joined: Nov 2005
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KNM is disappointing at the moment.
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Oct 14 2008, 11:01 AM
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Senior Member
5,587 posts Joined: May 2007 From: KL
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QUOTE(Ranny @ Oct 14 2008, 11:00 AM) KNM is disappointing at the moment. you bought KNM today? |
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Oct 14 2008, 11:05 AM
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Senior Member
521 posts Joined: Nov 2005
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QUOTE(sharesa @ Oct 14 2008, 11:01 AM) you bought KNM today? Nope. i have no $$$ to buy. I like doing analysis only |
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Oct 14 2008, 11:08 AM
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Junior Member
627 posts Joined: Jan 2003
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KLSE is coming down.......
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Oct 14 2008, 11:09 AM
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Senior Member
1,523 posts Joined: Dec 2007 From: Puchong...
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KNM..my target at 0.80...P/E now at 20..too high
Added on October 14, 2008, 11:10 am KLCI no more support liao..look like gonna muntah back this morning green stuff...haha This post has been edited by hanif444: Oct 14 2008, 11:10 AM |
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Oct 14 2008, 11:10 AM
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Senior Member
1,040 posts Joined: Apr 2005
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Seems like we're pretty much ignored by the rest of the world, whatever happens, we're only like marginally impacted. Initially during the DJ crash, we're least effected, and during a rally, we're the least effected too...
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Oct 14 2008, 11:11 AM
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Senior Member
1,345 posts Joined: Dec 2007
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QUOTE(jvcpcv55 @ Oct 14 2008, 11:08 AM) KLSE is coming down....... haha... so fast used up the "energy" gave by the US market |
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Oct 14 2008, 11:11 AM
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Senior Member
594 posts Joined: Jan 2003 From: KL
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What do you guys think of LPI as a dividend stock? Thought of creating my "dividend" portfolio, which will mostly be REITs, for long-term.
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Oct 14 2008, 11:17 AM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(hanif444 @ Oct 14 2008, 11:09 AM) KNM..my target at 0.80...P/E now at 20..too high It is a technical rebound, what to expect? straight line up like no problem liao? or having another bull run?Added on October 14, 2008, 11:10 am KLCI no more support liao..look like gonna muntah back this morning green stuff...haha No offence, we need to be realistic, it will be economy slowdown worldwide, so realistically should expect equities market to consolidate for a period of time. |
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Oct 14 2008, 11:19 AM
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Senior Member
2,181 posts Joined: Oct 2007
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ya..i think just normal 'profit taking' ma...if i bought yest...most prob i will rake in profit today n wait for the next big drop to buyback lo...just to be safe...cash on hand hehhehehe
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Oct 14 2008, 12:01 PM
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Senior Member
899 posts Joined: Feb 2005 From: Sumwhere
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Ya, cash is king for the time being.. Actually, for me
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Oct 14 2008, 12:13 PM
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Senior Member
3,784 posts Joined: Jun 2005
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QUOTE(wirelessdude @ Oct 14 2008, 11:11 AM) What do you guys think of LPI as a dividend stock? Thought of creating my "dividend" portfolio, which will mostly be REITs, for long-term. good stock 4 dividend..inherit some THP's DNA inside This post has been edited by ts1: Oct 14 2008, 12:13 PM |
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Oct 14 2008, 12:16 PM
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Senior Member
899 posts Joined: Feb 2005 From: Sumwhere
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I'm interested in opening an OSK188 trading account. Just wondering, who can help me in here? Or any contact to share.
Thanks HL |
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Oct 14 2008, 12:37 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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QUOTE(wirelessdude @ Oct 14 2008, 11:11 AM) What do you guys think of LPI as a dividend stock? Thought of creating my "dividend" portfolio, which will mostly be REITs, for long-term. yup, a good dividend stock. distributing handsome dividend on every Feb & Aug annually. DY about 11% |
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Oct 14 2008, 12:46 PM
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Senior Member
4,030 posts Joined: Apr 2008
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Yeap, fkli is still trading high, we might see CI closing higher if DJIA keeps going up.
Be very careful though, could be a trap set by big players. |
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Oct 14 2008, 12:46 PM
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All Stars
23,851 posts Joined: Dec 2006
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QUOTE(hsiengloong @ Oct 14 2008, 12:01 PM) Ya, cash is king for the time being.. Actually, for me Share market is the most expensive Institution to sign up for a course.Maybe try virtual money first, more cost effective. |
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Oct 14 2008, 01:46 PM
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Senior Member
899 posts Joined: Feb 2005 From: Sumwhere
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QUOTE(SKY 1809 @ Oct 14 2008, 01:46 PM) Share market is the most expensive Institution to sign up for a course. Yes, haha i do have a virtual trading account that competes with other players. best part is, it's real time and the prices and volume is exactly as KLSE..Maybe try virtual money first, more cost effective. At least there i can 'dare' to buy stocks that i dont in the real world.. |
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Oct 14 2008, 02:10 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(hsiengloong @ Oct 14 2008, 01:46 PM) Yes, haha i do have a virtual trading account that competes with other players. best part is, it's real time and the prices and volume is exactly as KLSE.. Just some 2 cents advice, virtual remains virtual although it is tracking the real qoute, but the risk involved is totally different. At least there i can 'dare' to buy stocks that i dont in the real world.. In virtual, you can put 100K or 1 mil or 10 mil virtual money to buy a stock, even if goes wrong, never mind also. But in real world, it is hard-earned money in stake. Totally different. |
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Oct 14 2008, 02:18 PM
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Senior Member
2,181 posts Joined: Oct 2007
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Public Bank Q3 net profit at RM616.34m
KUALA LUMPUR: Public Bank Bhd reported net profit of RM616.34mil for its third quarter ended Sept 30, up 13.3% from RM543.62mil a year ago. |
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Oct 14 2008, 02:28 PM
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Senior Member
1,345 posts Joined: Dec 2007
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QUOTE(kinwawa @ Oct 14 2008, 02:18 PM) Public Bank Q3 net profit at RM616.34m hehe... pana already posted in the PBBANK thread..... it's good to see that ^^KUALA LUMPUR: Public Bank Bhd reported net profit of RM616.34mil for its third quarter ended Sept 30, up 13.3% from RM543.62mil a year ago. |
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Oct 14 2008, 02:31 PM
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Senior Member
899 posts Joined: Feb 2005 From: Sumwhere
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Yes sifu Cherroy,
Understand that, but since i'm not going into the market for the time being, just paly around with my virtual thingy lo... This they call siok sendiri..heheh |
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Oct 14 2008, 02:32 PM
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Senior Member
2,181 posts Joined: Oct 2007
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i think next yr's result we will only see how well PBBANK weather the storm...if result still intact....then.....really salute them
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Oct 14 2008, 02:32 PM
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Senior Member
1,649 posts Joined: Jan 2003
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is it too late to buy?
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Oct 14 2008, 02:38 PM
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Senior Member
4,897 posts Joined: Aug 2005
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maybulk down back?
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Oct 14 2008, 02:39 PM
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Senior Member
899 posts Joined: Feb 2005 From: Sumwhere
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You can try, but at RM9.05 / RM9, you kinda missed the boat last week at Rm8.30
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Oct 14 2008, 02:44 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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QUOTE(feralee @ Oct 14 2008, 02:38 PM) maybulk down back? down moarrrrrrrrr, i am waiting for it at $2.30 QUOTE(hsiengloong @ Oct 14 2008, 02:39 PM) You can try, but at RM9.05 / RM9, you kinda missed the boat last week at Rm8.30 yup, still have ample of time no rush jumping into it US credit crisis is not over yet, expecting more ugly news coming from the state patient patient p/s: hsiengloong, is that you in the avatar? |
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Oct 14 2008, 02:48 PM
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Senior Member
899 posts Joined: Feb 2005 From: Sumwhere
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Yes,do you know me? Haha
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Oct 14 2008, 02:51 PM
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Senior Member
4,897 posts Joined: Aug 2005
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QUOTE(panasonic88 @ Oct 14 2008, 02:44 PM) down moarrrrrrrrr, i am waiting for it at $2.30 not RM2? yup, still have ample of time no rush jumping into it US credit crisis is not over yet, expecting more ugly news coming from the state patient patient p/s: hsiengloong, is that you in the avatar? tot can rally more |
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Oct 14 2008, 02:56 PM
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Senior Member
1,345 posts Joined: Dec 2007
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QUOTE(hsiengloong @ Oct 14 2008, 02:48 PM) Yes,do you know me? Haha ur name like the name of the current s'pore PM |
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Oct 14 2008, 02:56 PM
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Senior Member
2,181 posts Joined: Oct 2007
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QUOTE(hsiengloong @ Oct 14 2008, 02:48 PM) Yes,do you know me? Haha she wants to know u la....give u 'signal' already also dunno meh |
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Oct 14 2008, 03:00 PM
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Senior Member
1,649 posts Joined: Jan 2003
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QUOTE(panasonic88 @ Oct 14 2008, 02:44 PM) down moarrrrrrrrr, i am waiting for it at $2.30 panasonic: im green, and you seem blue. mind telling me a good figure to make a purchase? i'll just accept what you say as true yup, still have ample of time no rush jumping into it US credit crisis is not over yet, expecting more ugly news coming from the state patient patient p/s: hsiengloong, is that you in the avatar? |
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Oct 14 2008, 03:01 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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QUOTE(feralee @ Oct 14 2008, 02:51 PM) not RM2? yesterday lowest was $2.49 tot can rally more today's highest $2.84, very good rally edy QUOTE(kinwawa @ Oct 14 2008, 02:56 PM) she wants to know u la....give u 'signal' already also dunno meh oei OT jor |
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Oct 14 2008, 03:02 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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QUOTE(biatche @ Oct 14 2008, 03:00 PM) panasonic: im green, and you seem blue. mind telling me a good figure to make a purchase? i'll just accept what you say as true guys, 4 digit 4 digit! |
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Oct 14 2008, 03:05 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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nikkei jumped the most today in region market, up more than 14% now
but dun forget that, nikkei lost 24% on last week itself |
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Oct 14 2008, 03:09 PM
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Senior Member
899 posts Joined: Feb 2005 From: Sumwhere
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Panasonic88 is a gal?? Geez i din know that... ehehehhe.....
Wats Oei OT jor?? blur la |
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Oct 14 2008, 03:11 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(panasonic88 @ Oct 14 2008, 03:05 PM) nikkei jumped the most today in region market, up more than 14% now Yesterday Nikkei closed mah, so 2 days of rise (global equities) concentrated in one days.but dun forget that, nikkei lost 24% on last week itself Added on October 14, 2008, 3:13 pmMarket should be soften afterwards. This post has been edited by cherroy: Oct 14 2008, 03:13 PM |
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Oct 14 2008, 03:13 PM
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Senior Member
2,181 posts Joined: Oct 2007
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btw....fyi....Daiman is giving 15cents div....with their price at 1.52...not a bad div...just that...this counter quite low in volume but giving consistent div....
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Oct 14 2008, 03:15 PM
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Senior Member
4,897 posts Joined: Aug 2005
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QUOTE(hsiengloong @ Oct 14 2008, 03:09 PM) Panasonic88 is a gal?? Geez i din know that... ehehehhe..... Wats Oei OT jor?? blur la  |
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Oct 14 2008, 03:16 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(kinwawa @ Oct 14 2008, 03:13 PM) btw....fyi....Daiman is giving 15cents div....with their price at 1.52...not a bad div...just that...this counter quite low in volume but giving consistent div.... Long term dividend is around 10 cents, this year, a little bit more. This company is indeed good for privatisation target, as NTA is around 4.30. If one privatises it at 2.00, then take those company asset to sell also can make money out of it as asset's value is much more than than share price. |
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Oct 14 2008, 03:26 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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Dow Futures is softening, woohoo!
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Oct 14 2008, 03:29 PM
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All Stars
23,851 posts Joined: Dec 2006
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QUOTE(hsiengloong @ Oct 14 2008, 03:09 PM) Panasonic88 is a gal?? Geez i din know that... ehehehhe..... Watch out, she could suspend you for 3 days ( under ISA ).Wats Oei OT jor?? blur la Better give her the respect, a powerful lady. Do not play play. This post has been edited by SKY 1809: Oct 14 2008, 03:30 PM |
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Oct 14 2008, 03:35 PM
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Senior Member
899 posts Joined: Feb 2005 From: Sumwhere
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QUOTE(SKY 1809 @ Oct 14 2008, 04:29 PM) Watch out, she could suspend you for 3 days ( under ISA ). AIks, sorry tai kor...Better give her the respect, a powerful lady. Do not play play. remember to hold candle light vigil for me ya if i get suspended.. |
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Oct 14 2008, 03:46 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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China market tumbles today, lose 2.7% on Shanghai Composite.
Watch out China market as well, as with US economy going into recession, China won't spare from it. It will hurt China as well, as US is its major trading partner (export). Those high leveraged China company due to previous boom in properties and stock market effect, might under a lot of scrutinisation. |
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Oct 14 2008, 03:48 PM
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Senior Member
1,256 posts Joined: Nov 2004
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All stock on green, KNM on red? Any reason?
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Oct 14 2008, 03:54 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(Junior83 @ Oct 14 2008, 03:48 PM) All stock on green, KNM on red? Any reason? Foreign funds still exiting. |
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Oct 14 2008, 03:56 PM
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Senior Member
2,181 posts Joined: Oct 2007
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like SAAG??? it's hitting them hard!
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Oct 14 2008, 04:10 PM
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Senior Member
5,587 posts Joined: May 2007 From: KL
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QUOTE(Junior83 @ Oct 14 2008, 03:48 PM) All stock on green, KNM on red? Any reason? KNM has this acquisition deal on Germany's Borsig which involves billions of Ringgit. With the present financial crisis, probably their loan package might hit a snag because borrowing is not made easy with such situation and as Ringgit weakens, borrowing because more expensive.Just my opinion. |
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Oct 14 2008, 04:11 PM
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Senior Member
1,256 posts Joined: Nov 2004
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Last week good buy time, this week good sell time, next week good buy time again... flip flop just like our PM
P/s: Hooray finally become newbie -> regular in 4 years time This post has been edited by Junior83: Oct 14 2008, 04:17 PM |
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Oct 14 2008, 04:16 PM
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All Stars
18,672 posts Joined: Jan 2003 From: Penang
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why I always miss the boat???
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Oct 14 2008, 04:18 PM
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Senior Member
1,523 posts Joined: Dec 2007 From: Puchong...
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QUOTE(gogo2 @ Oct 14 2008, 04:16 PM) why I always miss the boat??? becoz u never see the boat..that y u miss.. ..peace..just joke |
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Oct 14 2008, 04:19 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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LOL.
more boats ahead |
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Oct 14 2008, 04:21 PM
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Senior Member
5,587 posts Joined: May 2007 From: KL
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QUOTE(panasonic88 @ Oct 14 2008, 04:19 PM) LOL. Sapcres boat... more boats ahead |
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Oct 14 2008, 04:23 PM
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Senior Member
2,359 posts Joined: Apr 2006
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CIMB research house adjusted Maybulk TP to RM2.49
cheers, v_viper88 QUOTE(feralee @ Oct 14 2008, 02:38 PM) maybulk down back? |
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Oct 14 2008, 04:23 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(sharesa @ Oct 14 2008, 04:21 PM) Sapcres boat... This doesn't sound good.Sapcres boat sound like 'crash boat'. |
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Oct 14 2008, 04:24 PM
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Senior Member
1,523 posts Joined: Dec 2007 From: Puchong...
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Daiman boat?...Resort boat? |
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Oct 14 2008, 04:27 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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haha cherroy disagree jor, lol
SAPCRES div yield is merely 2%, i'd skip this, pack it up and place nicely in the freezer, for yearssssss |
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Oct 14 2008, 04:29 PM
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Senior Member
1,345 posts Joined: Dec 2007
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QUOTE(viper88 @ Oct 14 2008, 04:23 PM) CIMB research house adjusted Maybulk TP to RM2.49 TP normally stands for the price u sell rite? no? cheers, v_viper88 |
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Oct 14 2008, 04:29 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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QUOTE(viper88 @ Oct 14 2008, 04:23 PM) CIMB research house adjusted Maybulk TP to RM2.49 2.49??? cheers, v_viper88 now MAYBULK 2.71 leh. i learn not to listen to analyst's TP. |
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Oct 14 2008, 04:30 PM
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Senior Member
1,523 posts Joined: Dec 2007 From: Puchong...
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i collecting my high yield portfolio now... |
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Oct 14 2008, 04:30 PM
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Senior Member
1,345 posts Joined: Dec 2007
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QUOTE(panasonic88 @ Oct 14 2008, 04:29 PM) 2.49??? i guess he means price to buy?now MAYBULK 2.71 leh. i learn not to listen to analyst's TP. |
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Oct 14 2008, 04:32 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(panasonic88 @ Oct 14 2008, 04:29 PM) 2.49??? That's mean they are making a 'sell' call.now MAYBULK 2.71 leh. i learn not to listen to analyst's TP. |
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Oct 14 2008, 04:33 PM
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Senior Member
2,181 posts Joined: Oct 2007
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QUOTE(cherroy @ Oct 14 2008, 04:32 PM) That's mean they are making a 'sell' call. when ppl sell...they will sapu!!!! |
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Oct 14 2008, 04:35 PM
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Senior Member
2,359 posts Joined: Apr 2006
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TP price means the stock will reach around tat price.
If u holding alot at higher price than the TP .. better sell lo.. coz lower TP adjusted the value of the stock to lower price ma coz theres chances the stock price will drop till reach around that TP. Cheers, v_viper88 QUOTE(fergie1100 @ Oct 14 2008, 04:29 PM) TP normally stands for the price u sell rite? no? This post has been edited by viper88: Oct 14 2008, 04:46 PM |
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Oct 14 2008, 04:38 PM
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Senior Member
1,523 posts Joined: Dec 2007 From: Puchong...
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anyone know about SAAG this company? |
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Oct 14 2008, 04:40 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(hanif444 @ Oct 14 2008, 04:38 PM) anyone know about SAAG this company? I don't know much, just know Goldman Sachs is heavily disposing its stake of this company which is well known news and published in media. |
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Oct 14 2008, 04:42 PM
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Senior Member
5,587 posts Joined: May 2007 From: KL
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QUOTE(cherroy @ Oct 14 2008, 04:23 PM) This doesn't sound good. Sapcres boat sound like 'crash boat'. QUOTE(panasonic88 @ Oct 14 2008, 04:27 PM) haha cherroy disagree jor, lol I feel Sapcres should sustain fine as oil exploration should go on. Once economies recover, oil should be sought after again.SAPCRES div yield is merely 2%, i'd skip this, pack it up and place nicely in the freezer, for yearssssss |
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Oct 14 2008, 04:45 PM
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Senior Member
2,181 posts Joined: Oct 2007
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QUOTE(hanif444 @ Oct 14 2008, 04:38 PM) anyone know about SAAG this company? I think it's an O&G company...they just exercised 'share-split' tis yr |
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Oct 14 2008, 04:45 PM
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Senior Member
1,523 posts Joined: Dec 2007 From: Puchong...
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QUOTE(cherroy @ Oct 14 2008, 04:40 PM) I don't know much, just know Goldman Sachs is heavily disposing its stake of this company which is well known news and published in media. i notice also..plan to go in now 0.26 from 52 week high 0.70.. SAAG CONSOLIDATED (M) BHD "SAAG" is a key player in the oil and gas sector in Malaysia and the region for nearly 25 years, since its inception in 1982. As a company principally involved in providing management services, equipment sales and services and undertaking contracts, SAAG and its group of companies some through strategic partnerships, is involved in upstream and downstream activities in the oil and gas industry. SAAG Group has also expanded its horizon from traditional trading in specialized equipments/instruments and turbo machinery servicing activities to niche sectors involving onshore gas pipelaying, provision of workover services as owner/operator of the Telaga Usaha workover rig, manpower consultancy, Front End Engineering and Design (FEED) and the refurbishment of pre-owned small sized power generating units. A reputable player in the manufacture, supply and service of equipment and machinery in the oil and gas industry in Malaysia, SAAG has been growing rapidly and currently represents more than 20 established manufacturers of oil and gas (O&G) equipment and machinery, including Burgess Manning Inc/Jord International, Canadian Advanced Inc, Leistritz Pumpen GmbH, Chemtec Energy Services, Inc., Parker ITR S.r.l. - Business Unit Oil & Gas, Cyclotech Limited, Ultraflote Corporation, Woodfield Systems Limited, Wepuko Hydraulik GmbH, Petroleum Software Limited, Philadelphia Resin Corp., Petro IT Pvt Ltd and FMC Energy Systems. Together with Flowserve, SAAG Oil and Gas Sdn Bhd is involved in the manufacture and assembly of mechanical seals in Malaysia since 1992. As an extension of its capability to maintain, repair and overhaul chiller units, SAAG also holds the exclusive marketing rights to CEMS™ which is a Chiller Energy Management System which optimizes the power requirements resulting in energy savings for chiller systems in a building facility. Strategic alliances in growth areas such as onshore pipelaying with Plynostav Pardubice Holding have provided SAAG with the competitive edge to offer technical expertise, equipment and manpower to undertake large value projects in the industry. SAAG has already expanded operations to Singapore (1989), Brunei (1992), India (2003), Australia, Thailand and Korea (2004). SAAG's Core Competencies * Specialised in oil and gas pipelaying and Horizontal Direct Drilling (HDD) services * Owner/operator of Telaga Usaha a conventional electric modular workover rig. * Providing workover and well maintenance services, consultancy, project management, drilling, manpower and technical training services * Sales of specialised equipments to the oil, gas and petrochemical sector * After sales services – fully equipped workshop in Kemaman Supply Base and through trained on-site service engineers. * Provision of control systems in the area of pipeline information management systems and data management systems SCADA (Supervisory Control and Data Acquisition) * Engaged in the construction of infrastructure projects ranging from Civil and Mechanical to Electrical and Instrumentation * Onshore pipelaying with Plynostav as technical partner www.plynostav-holding.cz * Provider of engineering services and manpower supply to the resources & energy sector Registered Licensee (through its subsidiaries) with : * Petroliam Nasional Berhad (Petronas) * Gas Malaysia * Construction Industry Development Board (CIDB) – G7 * Pusat Khidmat Kontraktor (PKK) – Class A * Tenaga Nasional Berhad (TNB) * Suruhanjaya Tenaga * Jabatan Perkhidmatan Pembetungan (JPP), Kementerian Tenaga, Air and Komunikasi * Indah Water Konsortium Sdn.Bhd. (IWK) |
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Oct 14 2008, 04:49 PM
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Senior Member
2,181 posts Joined: Oct 2007
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QUOTE(viper88 @ Oct 14 2008, 04:35 PM) TP price means the stock will reach around tat price. errr...i think TP was more like the "Predicted fair value' wor....just a prediction by 'those ppl' ma not meh??? correct me if i'm wrong...If u holding alot at higher price.. better sell lo.. coz TP adjusted the value of the stock is lower ma coz theres chances the stock price will drop till reach around that TP. Cheers, v_viper88 |
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Oct 14 2008, 04:56 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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With various posting around, I think a lot of people common mistake and which might lead one fall into some 'trap' ie. (Not necessary mistake or trap, just unconscious not aware)
People tends to look on its previous high to justify the share price is low, which a lot of case, doesn't necessary true at all, as previous high level, might be too optimistic or unsustainable level. If really flip back longer period like 2-3 years more, some share price just fall back to previous old level only or giving out gain of the super bull run we had in 2007-2008. |
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Oct 14 2008, 05:01 PM
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Senior Member
2,359 posts Joined: Apr 2006
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The TP is not immediate reach in 1-2 days time.. its just based on research done by CIMB for the fair value price of the stock in the coming 1-12 mths times.
In fact, last 1-2 mths back CIMB also adjusted Maybulk TP fair value to 2.50 and last friday 10/10/04 Maybulk already plunged down to RM 2.54.. Include in attachment in the reseach paper i got today from CIMB. 
research_14102008__Dry_bulk_shipping_.pdf ( 871.75k )
Number of downloads: 23 Cheers, v_viper88 QUOTE(panasonic88 @ Oct 14 2008, 04:29 PM) 2.49??? now MAYBULK 2.71 leh. i learn not to listen to analyst's TP. |
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Oct 14 2008, 05:01 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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yup, for eg.
6 months ago KLK was traded at $18 today KLK is $8 only one would say, "wahhh 50% off edy, this is cheap!" |
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Oct 14 2008, 05:03 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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QUOTE(viper88 @ Oct 14 2008, 05:01 PM) The TP is not immediate reach in 1-2 days time.. its just based on research done by CIMB for the fair value price of the stock in the coming 1-12 mths times. thanks for the research paper. will print that out and read it tonight In fact, last 1-2 mths back CIMB also adjusted Maybulk TP fair value to 2.50 and last friday 10/10/04 Maybulk already plunged down to RM 2.54.. Include in attachment in the reseach paper i got today from CIMB.
research_14102008__Dry_bulk_shipping_.pdf ( 871.75k )
Number of downloads: 23 Cheers, v_viper88 |
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Oct 14 2008, 05:04 PM
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Senior Member
516 posts Joined: May 2007
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QUOTE(panasonic88 @ Oct 14 2008, 06:01 PM) yup, for eg. u wan to buy ? 6 months ago KLK was traded at $18 today KLK is $8 only one would say, "wahhh 50% off edy, this is cheap!" |
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Oct 14 2008, 05:05 PM
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Senior Member
521 posts Joined: Nov 2005
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One word. Disappointing.
The most active stock, KNM finished in red and end in day's low. Overall sentiment will not look good for tomoro too unless DJIA could provide another record breaking day. This post has been edited by Ranny: Oct 14 2008, 05:05 PM |
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Oct 14 2008, 05:07 PM
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Senior Member
1,523 posts Joined: Dec 2007 From: Puchong...
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QUOTE(panasonic88 @ Oct 14 2008, 05:01 PM) yup, for eg. i believe she wanna tell us KLK is not cheap now base on current CPO...6 months ago KLK was traded at $18 today KLK is $8 only one would say, "wahhh 50% off edy, this is cheap!" |
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Oct 14 2008, 05:10 PM
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Senior Member
3,784 posts Joined: Jun 2005
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u guys shld cash out ...when the mkt up
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Oct 14 2008, 05:21 PM
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Senior Member
1,523 posts Joined: Dec 2007 From: Puchong...
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QUOTE(ts1 @ Oct 14 2008, 05:10 PM) u guys shld cash out ...when the mkt up then when we buy? |
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Oct 14 2008, 05:43 PM
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Senior Member
829 posts Joined: May 2007
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QUOTE(ts1 @ Oct 14 2008, 05:10 PM) u guys shld cash out ...when the mkt up did just that this morning.. same goes to my dad and my friends..i think mart will become weak again for the rest of the week... |
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Oct 14 2008, 05:58 PM
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Junior Member
31 posts Joined: Oct 2007
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Anyone has ideas on IOICORP? i think it is very low already. (half price) and i dont think the CPO will be so low forever! It will be a cycle i guess
very tempted to go in last Friday |
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Oct 14 2008, 06:24 PM
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Senior Member
2,359 posts Joined: Apr 2006
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Ur welcome.
Last time I've warned my other colleague who invested Maybulk at RM 3.94 sumwhere in JUN tis year about the reduce TP from CIMB i've received last few mths back Tat time Maybulk price already drop to about RM3.70, but he didn't bother.. he even told me why worried? He still hold on to Maybulk till now the price drop to RM2.70. abouk 10K paper lost liao.. Cheers, v_viper88 QUOTE(panasonic88 @ Oct 14 2008, 05:03 PM) thanks for the research paper. will print that out and read it tonight This post has been edited by viper88: Oct 14 2008, 06:46 PM |
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Oct 14 2008, 07:05 PM
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Junior Member
289 posts Joined: Jun 2008 From: Penang
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QUOTE(sharesa @ Oct 14 2008, 04:10 PM) KNM has this acquisition deal on Germany's Borsig which involves billions of Ringgit. With the present financial crisis, probably their loan package might hit a snag because borrowing is not made easy with such situation and as Ringgit weakens, borrowing because more expensive. sharesa,Just my opinion. I thought that this deal was completed back in March. Is it is now okay yet?. It look that the KNM is having strong support at 0.91. Hope that it will surge tomorrow. I got 5 riding on it. ==================================================================== Malaysia`s KNM to acquire Germany`s Borsig for US$531.6 mln Kuala Lumpur (ANTARA News/Asia Pulse) - KNM Group Berhad (KLSE:7164) on Monday said it is acquiring a 100 per cent stake in German process equipment manufacturer Borsig and its group of companies for 350 million Euro (US$531.6 million). KNM's wholly-owned subsidiary, KNM Process Systems Sdn Bhd, on Feb 29 signed a sale and purchase agreement to acquire the entire stake in Borsig group from 12 vendors. The acquisition is targeted for completion by May this year. KNM said the cash consideration is expected to be funded through a combination of internally generated funds and borrowings. ===================================================================== |
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Oct 14 2008, 07:06 PM
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Senior Member
1,256 posts Joined: Nov 2004
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Good News!!
Petrol prices will be cut by 15 sen to RM2.30 per litre at midnight tonight. |
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Oct 14 2008, 07:08 PM
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Senior Member
3,944 posts Joined: Jul 2008
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QUOTE(cherroy @ Oct 14 2008, 04:46 PM) China market tumbles today, lose 2.7% on Shanghai Composite. Just to add in, USD reserve for china is 1.2 trillion. China can use that amount to buy out a lot of companies in US. Is it possible?Watch out China market as well, as with US economy going into recession, China won't spare from it. It will hurt China as well, as US is its major trading partner (export). Those high leveraged China company due to previous boom in properties and stock market effect, might under a lot of scrutinisation. Added on October 14, 2008, 7:10 pm QUOTE(Junior83 @ Oct 14 2008, 08:06 PM) Good News!! .... is it true Petrol prices will be cut by 15 sen to RM2.30 per litre at midnight tonight. I just pump up RM 80.00 This morning alamak!!! http://www.thestar.com.my/news/story.asp?f...5211&sec=nation This post has been edited by darkknight81: Oct 14 2008, 07:12 PM |
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Oct 14 2008, 07:13 PM
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Senior Member
5,587 posts Joined: May 2007 From: KL
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QUOTE(georgechang79 @ Oct 14 2008, 07:05 PM) sharesa, I thought that this deal was completed back in March. Is it is now okay yet?. It look that the KNM is having strong support at 0.91. Hope that it will surge tomorrow. I got 5 riding on it. ==================================================================== Malaysia`s KNM to acquire Germany`s Borsig for US$531.6 mln Kuala Lumpur (ANTARA News/Asia Pulse) - KNM Group Berhad (KLSE:7164) on Monday said it is acquiring a 100 per cent stake in German process equipment manufacturer Borsig and its group of companies for 350 million Euro (US$531.6 million). KNM's wholly-owned subsidiary, KNM Process Systems Sdn Bhd, on Feb 29 signed a sale and purchase agreement to acquire the entire stake in Borsig group from 12 vendors. The acquisition is targeted for completion by May this year. KNM said the cash consideration is expected to be funded through a combination of internally generated funds and borrowings. ===================================================================== 11-09-2008: Foreign funding for KNM’s Borsig acquisition by Jose Barrock Email us your feedback at fd@bizedge.com KUALA LUMPUR: Oil and gas company KNM Group Bhd has been offered an alternative funding package for its acquisition of German-based Borsig Beteiligungsverwaltungs Geselschaft mbH, JPMorgan said in a report after a meeting with the company’s managing director, Lee Swee Eng. According to the report, foreign banks are said to have offered KNM a €150 million term loan, with an interest rate of 5.5%, for the €350 million (RM1.7 billion) cash acquisition of Borsig. KNM has been looking to refinance a bridging loan it took to acquire Borsig in June, and had announced that it was in negotiations for a five-year ringgit-denominated loan at an interest rate of 8.5%. Borsig manufactures boilers, steam turbines, steam engines, locomotives and valves, among other process equipment, for the chemical, petrochemical, oil and gas, and power sectors, among others. JP Morgan analyst Lucuis Chong said that the euro loan was ideal as Borsig was a European-based asset. Since the acquisition in June, the ringgit has weakened considerably against the US dollar, a situation which generally makes purchases of foreign assets more expensive due to the currency risk element. This has bogged down the KNM deal causing its shares to weaken considerably. KNM’s shares have been heavily traded since the end of last month after Lee and his top management told analysts that the company’s earnings might be adversely impacted by higher interest expenditure brought about by a RM750 million five-year bank loan, which may have been part of its financing for its Borsig acquisition. For its six months ended June, KNM posted a net profit of RM150.4 million on the back of RM930.6 million in revenue, which marks a gain of about 50% and 77% respectively from a year ago. In its notes, KNM says that its revenue increased mainly due to the additional manufacturing capacity and job orders secured, and the results of Borsig being consolidated as of June 6 this year. KNM closed at RM1.24 yesterday. |
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Oct 14 2008, 07:18 PM
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All Stars
23,851 posts Joined: Dec 2006
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QUOTE(darkknight81 @ Oct 14 2008, 07:08 PM) Just to add in, USD reserve for china is 1.2 trillion. China can use that amount to buy out a lot of companies in US. Is it possible? Up 70 sen one time. Added on October 14, 2008, 7:10 pm .... is it true I just pump up RM 80.00 This morning alamak!!! http://www.thestar.com.my/news/story.asp?f...5211&sec=nation Drops only 10 to 20sen slowly. Food prices remain stable ( inflation is high ). Better than our share market. This post has been edited by SKY 1809: Oct 14 2008, 07:55 PM |
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Oct 14 2008, 07:56 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(darkknight81 @ Oct 14 2008, 07:08 PM) Just to add in, USD reserve for china is 1.2 trillion. China can use that amount to buy out a lot of companies in US. Is it possible? Economy and foreign reserves are two tales of stories. Added on October 14, 2008, 7:10 pm .... is it true I just pump up RM 80.00 This morning alamak!!! http://www.thestar.com.my/news/story.asp?f...5211&sec=nation Different. 1.2 trillion enough? Fed just pump 1 trillion into the market, but DJ still sink like no tomorrow from 10K+ to below 8K on Friday. Economy and market is a combined factor and collective work that makes the economy growth, you can't rely on single factor to drive up the economy, it only works temporarily, then it will fade away quickly, just like Fed did. You know what, after UK and Europe and the rest of the world put out a word, we, gov guarantee all deposits in banks and inter-bank lending, that market all turn back up since then as people have some confidence back. From here, you can see, it is collective work and mass people confidence is the key. Those word is worth more than a trillion money from Fed. This post has been edited by cherroy: Oct 14 2008, 08:01 PM |
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Oct 14 2008, 08:05 PM
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All Stars
23,851 posts Joined: Dec 2006
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In a meeting with the shareholders , W Buffet's management was asked whether crisis would be over.
The management answered, only if W Buffet appointed to head the FED. I think the next US President would offer him the job. |
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Oct 14 2008, 08:06 PM
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Senior Member
3,944 posts Joined: Jul 2008
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QUOTE(cherroy @ Oct 14 2008, 08:56 PM) Economy and foreign reserves are two tales of stories. Thanks Cherroy Different. 1.2 trillion enough? Fed just pump 1 trillion into the market, but DJ still sink like no tomorrow from 10K+ to below 8K on Friday. Economy and market is a combined factor and collective work that makes the economy growth, you can't rely on single factor to drive up the economy, it only works temporarily, then it will fade away quickly, just like Fed did. You know what, after UK and Europe and the rest of the world put out a word, we, gov guarantee all deposits in banks and inter-bank lending, that market all turn back up since then as people have some confidence back. From here, you can see, it is collective work and mass people confidence is the key. Those word is worth more than a trillion money from Fed. |
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Oct 14 2008, 08:10 PM
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Senior Member
3,887 posts Joined: Jun 2008
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QUOTE(cherroy @ Oct 14 2008, 07:56 PM) Economy and foreign reserves are two tales of stories. I think if they would guarantee the 62trillion CDS market, this whole thing will go away, dont you think?Different. 1.2 trillion enough? Fed just pump 1 trillion into the market, but DJ still sink like no tomorrow from 10K+ to below 8K on Friday. Economy and market is a combined factor and collective work that makes the economy growth, you can't rely on single factor to drive up the economy, it only works temporarily, then it will fade away quickly, just like Fed did. You know what, after UK and Europe and the rest of the world put out a word, we, gov guarantee all deposits in banks and inter-bank lending, that market all turn back up since then as people have some confidence back. From here, you can see, it is collective work and mass people confidence is the key. Those word is worth more than a trillion money from Fed. |
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Oct 14 2008, 08:15 PM
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All Stars
52,874 posts Joined: Jan 2003
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What happened to KNM? Dropped to 0.905? I saw it surged to more than RM 1 in the morning trading session.
This post has been edited by David83: Oct 14 2008, 08:15 PM |
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Oct 14 2008, 08:18 PM
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All Stars
23,851 posts Joined: Dec 2006
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QUOTE(David83 @ Oct 14 2008, 08:15 PM) What happened to KNM? Dropped to 0.905? I saw it surged to more than RM 1 in the morning trading session. Read Post 468.Funding and currency risk for buying the asset ( in Euro.) Sometimes they choose a right timing to off load their shares to retailers ( blur blur ). This post has been edited by SKY 1809: Oct 14 2008, 08:23 PM |
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Oct 14 2008, 08:31 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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Just to add few point, it is a suicide act to use foreign reserves of a country to do bailout.
Foreign reserves is not 'the reserves' as normal people think of. One needs to know how those reserves is come from foreigner money from several ways 1. There is plenty of foreign company want to invest in your country eg. Malaysia, so when they want to come here to invest, they take USD come to here. But USD can't be used to do investment or business in Malaysia. So the foreigners need to go to BNM to exchange for RM. So BNM will give them RM in exchange for the USD, then those USD kept by BNM is the foreign reserves currency. 2. Company in Malaysia doing export, so money received is in USD, so company will take those USD to BNM to exchange back to RM. So BNM got USD in foreign reserves currency. So if one days, foreign investors in Malaysia want to divest their investment in Malaysia (be it stocks, business or whatever asset), then they will sell those assets, get RM, then take RM exchange to USD, then BNM will need to take USD out to give back to them. As BNM can't print USD, so they must have considerably foreign reserves currency to withstand those outflow or demand. You know what, 1997 is the classic example of the foreign reserves importance and why this crisis unfolded, simply Asian countries hit by this crisis simply has too low foreign reserves because of red hot economy was growing rapid, there was a current account deficit throughout years, i.e import > export because economy was growing rapidly, there was a lot of demand for import goods range from consumers, machinery etc. Meanwhile short term foreign debt on various countries were high. So in order to pay off those foreign, you need considerably foreign reserves to pay off. Hedge funds knew the situation, and took the advantage of it, to exploit the currency attack. Becuase if you have 100 of USD in foreign reserves, what if suddenly people take RM 500 to exchange for 200 USD (back then RM2.5/USD), then how BNM is going to face it or take out USD 200 to pay for it? The only choice was lower your currency, as if it becomes Rm5: USD, then BNM can afford already. So there is where and why currency attack by hedge fund is rampant back then. Foreign reserves can be reduced if there is significant outflow of money just like recently in Malaysia, there is about 10 billion of outflow just in recent month due to massive outflow of foreign fund exiting equities market in Malaysia. So foreign reserves currency is something that fluctuate that depends on economy situation and investment environment. It is not like ordinary people saving. |
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Oct 14 2008, 08:31 PM
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All Stars
52,874 posts Joined: Jan 2003
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QUOTE(SKY 1809 @ Oct 14 2008, 08:18 PM) Read Post 468. But that was in September. Sad to see that it couldn't join the today's rally.Funding and currency risk for buying the asset ( in Euro.) Sometimes they choose a right timing to off load their shares to retailers ( blur blur ). |
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Oct 14 2008, 08:31 PM
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All Stars
10,125 posts Joined: Aug 2007
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QUOTE(andrekua @ Oct 14 2008, 08:10 PM) I think if they would guarantee the 62trillion CDS market, this whole thing will go away, dont you think? Even the whole world accumulated net worth is not enough to cover CDS 63 trillion,how to guarantee that? Unless we have a million Warren Buffet out there, then we'll probably have enough left over to survive. |
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Oct 14 2008, 08:36 PM
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Senior Member
3,944 posts Joined: Jul 2008
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QUOTE(cherroy @ Oct 14 2008, 09:31 PM) Just to add few point, it is a suicide act to use foreign reserves of a country to do bailout. Well said sifu Cherroy Foreign reserves is not 'the reserves' as normal people think of. One needs to know how those reserves is come from foreigner money from several ways 1. There is plenty of foreign company want to invest in your country eg. Malaysia, so when they want to come here to invest, they take USD come to here. But USD can't be used to do investment or business in Malaysia. So the foreigners need to go to BNM to exchange for RM. So BNM will give them RM in exchange for the USD, then those USD kept by BNM is the foreign reserves currency. 2. Company in Malaysia doing export, so money received is in USD, so company will take those USD to BNM to exchange back to RM. So BNM got USD in foreign reserves currency. So if one days, foreign investors in Malaysia want to divest their investment in Malaysia (be it stocks, business or whatever asset), then they will sell those assets, get RM, then take RM exchange to USD, then BNM will need to take USD out to give back to them. As BNM can't print USD, so they must have considerably foreign reserves currency to withstand those outflow or demand. You know what, 1997 is the classic example of the foreign reserves importance and why this crisis unfolded, simply Asian countries hit by this crisis simply has too low foreign reserves because of red hot economy was growing rapid, there was a current account deficit throughout years, i.e import > export because economy was growing rapidly, there was a lot of demand for import goods range from consumers, machinery etc. Meanwhile short term foreign debt on various countries were high. So in order to pay off those foreign, you need considerably foreign reserves to pay off. Hedge funds knew the situation, and took the advantage of it, to exploit the currency attack. Becuase if you have 100 of USD in foreign reserves, what if suddenly people take RM 500 to exchange for 200 USD (back then RM2.5/USD), then how BNM is going to face it or take out USD 200 to pay for it? The only choice was lower your currency, as if it becomes Rm5: USD, then BNM can afford already. So there is where and why currency attack by hedge fund is rampant back then. Foreign reserves can be reduced if there is significant outflow of money just like recently in Malaysia, there is about 10 billion of outflow just in recent month due to massive outflow of foreign fund exiting equities market in Malaysia. So foreign reserves currency is something that fluctuate that depends on economy situation and investment environment. It is not like ordinary people saving. |
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Oct 14 2008, 08:39 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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Dow Futures is climbing up: +244.00
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Oct 14 2008, 08:39 PM
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All Stars
52,874 posts Joined: Jan 2003
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Another green day for DJIA!
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Oct 14 2008, 08:48 PM
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All Stars
23,851 posts Joined: Dec 2006
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QUOTE(David83 @ Oct 14 2008, 08:31 PM) But that was in September. Sad to see that it couldn't join the today's rally. Still remember Gamuda ? the right timing for them to offload shares. |
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Oct 14 2008, 09:02 PM
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Senior Member
2,656 posts Joined: Nov 2004
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QUOTE(cherroy @ Oct 14 2008, 08:31 PM) Just to add few point, it is a suicide act to use foreign reserves of a country to do bailout. Cherroy, I think your explanation is abit flawed. Foreign Currency Reserve should make up many different countries money. So we don't need to have all USD to 'redeem' back our RM in case, outflow of foreign funds. We can use any country currency to redeem it.Foreign reserves is not 'the reserves' as normal people think of. One needs to know how those reserves is come from foreigner money from several ways 1. There is plenty of foreign company want to invest in your country eg. Malaysia, so when they want to come here to invest, they take USD come to here. But USD can't be used to do investment or business in Malaysia. So the foreigners need to go to BNM to exchange for RM. So BNM will give them RM in exchange for the USD, then those USD kept by BNM is the foreign reserves currency. 2. Company in Malaysia doing export, so money received is in USD, so company will take those USD to BNM to exchange back to RM. So BNM got USD in foreign reserves currency. So if one days, foreign investors in Malaysia want to divest their investment in Malaysia (be it stocks, business or whatever asset), then they will sell those assets, get RM, then take RM exchange to USD, then BNM will need to take USD out to give back to them. As BNM can't print USD, so they must have considerably foreign reserves currency to withstand those outflow or demand. You know what, 1997 is the classic example of the foreign reserves importance and why this crisis unfolded, simply Asian countries hit by this crisis simply has too low foreign reserves because of red hot economy was growing rapid, there was a current account deficit throughout years, i.e import > export because economy was growing rapidly, there was a lot of demand for import goods range from consumers, machinery etc. Meanwhile short term foreign debt on various countries were high. So in order to pay off those foreign, you need considerably foreign reserves to pay off. Hedge funds knew the situation, and took the advantage of it, to exploit the currency attack. Becuase if you have 100 of USD in foreign reserves, what if suddenly people take RM 500 to exchange for 200 USD (back then RM2.5/USD), then how BNM is going to face it or take out USD 200 to pay for it? The only choice was lower your currency, as if it becomes Rm5: USD, then BNM can afford already. So there is where and why currency attack by hedge fund is rampant back then. Foreign reserves can be reduced if there is significant outflow of money just like recently in Malaysia, there is about 10 billion of outflow just in recent month due to massive outflow of foreign fund exiting equities market in Malaysia. So foreign reserves currency is something that fluctuate that depends on economy situation and investment environment. It is not like ordinary people saving. So a huge outflow from RM to USD can be redeem by BNM if they have sufficient 'other currency reserve' to redeem it. |
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Oct 14 2008, 09:05 PM
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Senior Member
8,510 posts Joined: Dec 2004 From: KayEL
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QUOTE(keith_hjinhoh @ Oct 14 2008, 09:02 PM) Cherroy, I think your explanation is abit flawed. Foreign Currency Reserve should make up many different countries money. So we don't need to have all USD to 'redeem' back our RM in case, outflow of foreign funds. We can use any country currency to redeem it. Foreign Reserve can be in GOLD (China, India), or other currencies like EURO. A lot of countries unload USD to other currencies, esp. EUROSo a huge outflow from RM to USD can be redeem by BNM if they have sufficient 'other currency reserve' to redeem it. |
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Oct 14 2008, 09:11 PM
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Senior Member
3,944 posts Joined: Jul 2008
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QUOTE(zamans98 @ Oct 14 2008, 10:05 PM) Foreign Reserve can be in GOLD (China, India), or other currencies like EURO. A lot of countries unload USD to other currencies, esp. EURO But during 1997, i beliv BNM don have much foreign reserve . Basically they are mostly holding RM. |
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Oct 14 2008, 09:15 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(keith_hjinhoh @ Oct 14 2008, 09:02 PM) Cherroy, I think your explanation is abit flawed. Foreign Currency Reserve should make up many different countries money. So we don't need to have all USD to 'redeem' back our RM in case, outflow of foreign funds. We can use any country currency to redeem it. Yup, it is flawed, just a simple illustration so that people have more understand what is foreign reserves actually. As I had seen plenty of people mis-interpret the foreign reserves issue. So a huge outflow from RM to USD can be redeem by BNM if they have sufficient 'other currency reserve' to redeem it. But you must have foreign reserves that are readily received by others to support your currency. There are plenty others currencies and gold as well in every countries foreign currency reserves. But USD is always the key as it is the worldwide tradable currency being used for most import export businesses, next will be Euro and Yen. If one always do export import businesses, then one will know almost 99% qouation, businesses are being qouted and done in USD, except in Eurozone, and Japan. This post has been edited by cherroy: Oct 14 2008, 09:16 PM |
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Oct 14 2008, 09:31 PM
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Junior Member
72 posts Joined: Sep 2008
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be careful of these kinds of run.. is not backed by +ve earnings news.. if poor earnings hit the news, down she goes
Added on October 14, 2008, 9:36 pmTuesday, October 14, 2008 Buying Things In Current Times Most people are not really that badly affected by the current market turmoil, because it did not happened overnight,.... almost everyone could see it coming a mile away... only those who musta, gotta have a trade every week would have been caught a bit, even then the pain would be minimal if they employed a true trader's instinct. Booyah... due to the time difference, I got to catch 10 minutes of utter crap and mayhem with Cramer on TV... booyah mah ass... What to buy... cash is king... cash is king but also cannot put into any banks... banks now failing at a higher rate than planes not leaving on time when you fly MAS. So, like my fellow bloggers said, keep in Milo tin ... but not chinese milk powder tin though, also got melashitminnie... you don't want to be using notes tainted with that shit later... you know the velocity of money... Stock indices did not follow the usual rules of performance and valuations... nobody told the stock prices that they had to follow certain rules on value ... the market is telling the rest of us that markets are made-up fantasy football game-like things... they will give 20x PER as long as there are bidders for them ... they will give the same almost zero PER if there are no buyers left... People with cash hoarding them... despite the massive capital injection by central banks, the banks themselves are also no lending them out. What about gold then, even that thing does not make sense anymore... it is telling us that its just a shiny yellow metal that does very little to our well being. In the end we need to buy food to keep us from hunger... ah, yes... food over gold other metals... next to food would be fire, back to cavemen tactics, need fire to cook some of the food and warmth, fire also allow us to spot danger, them robbers will come to steal our food... no more share scrips, no more share markets... Many readers send me private emails to answer, please don't do that, I am not an advisory service... if you have a question, make sure you don't mind sharing with the rest... Is it time to buy... if you haven't already, its an OK time to buy in three or four stages, so that you can get a good average price. Do not be lulled by the 11% jump in the US, that was on low volume on Columbus Day holiday... did you also know that the top few daily all time high spikes happened around the 30s Depression as well. Yes, they had 16% daily gains then even... sellers exhaustion... whatever you call it... its OK I think, I think the Dow will try to make 10,000 as a new base to consolidate. Same with KLCI at 1,000. Then we should spend some time at these levels. The US government saying they will buy stakes in banks is as close to ensuring that banks will lend to one another. The crisis of confidence and debilitating counterparty risk fears should subside. Its OK but do not go overboard. http://malaysiafinance.blogspot.com/search...&max-results=50 This post has been edited by meoo: Oct 14 2008, 09:36 PM |
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Oct 14 2008, 09:55 PM
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Senior Member
1,712 posts Joined: Jan 2003
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QUOTE(cherroy @ Oct 14 2008, 08:31 PM) Just to add few point, it is a suicide act to use foreign reserves of a country to do bailout. Bravo Cherroy, what a good explanation... thanks for the sharing Foreign reserves is not 'the reserves' as normal people think of. One needs to know how those reserves is come from foreigner money from several ways 1. There is plenty of foreign company want to invest in your country eg. Malaysia, so when they want to come here to invest, they take USD come to here. But USD can't be used to do investment or business in Malaysia. So the foreigners need to go to BNM to exchange for RM. So BNM will give them RM in exchange for the USD, then those USD kept by BNM is the foreign reserves currency. 2. Company in Malaysia doing export, so money received is in USD, so company will take those USD to BNM to exchange back to RM. So BNM got USD in foreign reserves currency. So if one days, foreign investors in Malaysia want to divest their investment in Malaysia (be it stocks, business or whatever asset), then they will sell those assets, get RM, then take RM exchange to USD, then BNM will need to take USD out to give back to them. As BNM can't print USD, so they must have considerably foreign reserves currency to withstand those outflow or demand. You know what, 1997 is the classic example of the foreign reserves importance and why this crisis unfolded, simply Asian countries hit by this crisis simply has too low foreign reserves because of red hot economy was growing rapid, there was a current account deficit throughout years, i.e import > export because economy was growing rapidly, there was a lot of demand for import goods range from consumers, machinery etc. Meanwhile short term foreign debt on various countries were high. So in order to pay off those foreign, you need considerably foreign reserves to pay off. Hedge funds knew the situation, and took the advantage of it, to exploit the currency attack. Becuase if you have 100 of USD in foreign reserves, what if suddenly people take RM 500 to exchange for 200 USD (back then RM2.5/USD), then how BNM is going to face it or take out USD 200 to pay for it? The only choice was lower your currency, as if it becomes Rm5: USD, then BNM can afford already. So there is where and why currency attack by hedge fund is rampant back then. Foreign reserves can be reduced if there is significant outflow of money just like recently in Malaysia, there is about 10 billion of outflow just in recent month due to massive outflow of foreign fund exiting equities market in Malaysia. So foreign reserves currency is something that fluctuate that depends on economy situation and investment environment. It is not like ordinary people saving. |
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Oct 14 2008, 10:04 PM
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Senior Member
1,120 posts Joined: Jul 2006
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QUOTE(arthas @ Oct 14 2008, 09:55 PM) Bravo Cherroy, what a good explanation... thanks for the sharing Yup..totally enlighten me about foreign reserves.Hmm..thinkin to buy some basic economy book to study. Quite noob about economy coz i'm an IT geek guy.. Hope DJ gonna rally towards 10K so that i could sell off my Maybank shares. Today finally it rose 20cents after almost a month of break-even or drop since when its CEO announced to takeover BII(17th Sept). |
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Oct 14 2008, 10:05 PM
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Senior Member
5,587 posts Joined: May 2007 From: KL
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QUOTE(cherroy @ Oct 14 2008, 08:31 PM) Just to add few point, it is a suicide act to use foreign reserves of a country to do bailout. very interesting and informative Foreign reserves is not 'the reserves' as normal people think of. One needs to know how those reserves is come from foreigner money from several ways 1. There is plenty of foreign company want to invest in your country eg. Malaysia, so when they want to come here to invest, they take USD come to here. But USD can't be used to do investment or business in Malaysia. So the foreigners need to go to BNM to exchange for RM. So BNM will give them RM in exchange for the USD, then those USD kept by BNM is the foreign reserves currency. 2. Company in Malaysia doing export, so money received is in USD, so company will take those USD to BNM to exchange back to RM. So BNM got USD in foreign reserves currency. So if one days, foreign investors in Malaysia want to divest their investment in Malaysia (be it stocks, business or whatever asset), then they will sell those assets, get RM, then take RM exchange to USD, then BNM will need to take USD out to give back to them. As BNM can't print USD, so they must have considerably foreign reserves currency to withstand those outflow or demand. You know what, 1997 is the classic example of the foreign reserves importance and why this crisis unfolded, simply Asian countries hit by this crisis simply has too low foreign reserves because of red hot economy was growing rapid, there was a current account deficit throughout years, i.e import > export because economy was growing rapidly, there was a lot of demand for import goods range from consumers, machinery etc. Meanwhile short term foreign debt on various countries were high. So in order to pay off those foreign, you need considerably foreign reserves to pay off. Hedge funds knew the situation, and took the advantage of it, to exploit the currency attack. Becuase if you have 100 of USD in foreign reserves, what if suddenly people take RM 500 to exchange for 200 USD (back then RM2.5/USD), then how BNM is going to face it or take out USD 200 to pay for it? The only choice was lower your currency, as if it becomes Rm5: USD, then BNM can afford already. So there is where and why currency attack by hedge fund is rampant back then. Foreign reserves can be reduced if there is significant outflow of money just like recently in Malaysia, there is about 10 billion of outflow just in recent month due to massive outflow of foreign fund exiting equities market in Malaysia. So foreign reserves currency is something that fluctuate that depends on economy situation and investment environment. It is not like ordinary people saving. |
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Oct 14 2008, 10:09 PM
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All Stars
52,874 posts Joined: Jan 2003
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DJIA is still green at the mean time but NASDAQ is red.
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Oct 14 2008, 10:23 PM
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Senior Member
1,040 posts Joined: Apr 2005
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QUOTE(dreams_achiever @ Oct 14 2008, 10:04 PM) Yup..totally enlighten me about foreign reserves. 10k? we'll be lucky if it doesnt turn red again.... Dow at 76 after going up 200/300? Momentum gone deeHmm..thinkin to buy some basic economy book to study. Quite noob about economy coz i'm an IT geek guy.. Hope DJ gonna rally towards 10K so that i could sell off my Maybank shares. Today finally it rose 20cents after almost a month of break-even or drop since when its CEO announced to takeover BII(17th Sept). |
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Oct 14 2008, 10:24 PM
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Senior Member
1,120 posts Joined: Jul 2006
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OT abit:
Very interesting prophecy. Me quite surprise with this. Doesnt think of this at all. Maybe Anwar could be next PM after Najib? There is a secret in our first Prime Minister's name, Tunku Abdul Rahman. The name RAHMAN had successfully decided all the names of the Prime Ministers of Malaysia in sequence. R"A"HMAN = Abdul Razak RA"H"MAN = Hussein Onn RAH"M"AN = Mahathir RAHM"A"N = Abdullah Ahmad Badawi (Anwar Ibrahim should be the 5th Prime Minister, but since Badawi has 2As in his name, Badawi won over Anwar) RAHMA"N" = For once, we thought that the opposition leader Anwar will take over the government on 16 Sept 2008 and break the prohechy, but it didn't happen. Now the last letter N has to be Najib. The UMNO Supreme Council is now discussing about the power transition plan from Badawi to Najib. But... what will happen after NAJIB become our Prime Minister? The word RAHMAN is all used up and there is no more letter after N. Wait, there might be a NEW PROHECHY created by the name NAJIB later. "N"AJIB = Najib himself N"A"JIB = Anwar Ibrahim NA"J"IB = Khairy Jamulludin... or maybe not. courtesy: talkandshare.com This post has been edited by dreams_achiever: Oct 14 2008, 10:25 PM |
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Oct 14 2008, 10:26 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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hahahah that's funny
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Oct 14 2008, 10:31 PM
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Senior Member
5,587 posts Joined: May 2007 From: KL
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QUOTE(dreams_achiever @ Oct 14 2008, 10:24 PM) OT abit: ha-ha Very interesting prophecy. Me quite surprise with this. Doesnt think of this at all. Maybe Anwar could be next PM after Najib? There is a secret in our first Prime Minister's name, Tunku Abdul Rahman. The name RAHMAN had successfully decided all the names of the Prime Ministers of Malaysia in sequence. R"A"HMAN = Abdul Razak RA"H"MAN = Hussein Onn RAH"M"AN = Mahathir RAHM"A"N = Abdullah Ahmad Badawi (Anwar Ibrahim should be the 5th Prime Minister, but since Badawi has 2As in his name, Badawi won over Anwar) RAHMA"N" = For once, we thought that the opposition leader Anwar will take over the government on 16 Sept 2008 and break the prohechy, but it didn't happen. Now the last letter N has to be Najib. The UMNO Supreme Council is now discussing about the power transition plan from Badawi to Najib. But... what will happen after NAJIB become our Prime Minister? The word RAHMAN is all used up and there is no more letter after N. Wait, there might be a NEW PROHECHY created by the name NAJIB later. "N"AJIB = Najib himself N"A"JIB = Anwar Ibrahim NA"J"IB = Khairy Jamulludin... or maybe not. courtesy: talkandshare.com , whoever thought of this is really creative |
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Oct 14 2008, 10:38 PM
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Junior Member
467 posts Joined: Apr 2008
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QUOTE Just to add few point, it is a suicide act to use foreign reserves of a country to do bailout. I thought they can do wired money transfer ? Like we transfer money to overseas, then the banks convert internally ? Do you mean a foreign investor has to carry millions of USD cash when coming or leaving our country ? Foreign reserves is not 'the reserves' as normal people think of. One needs to know how those reserves is come from foreigner money from several ways 1. There is plenty of foreign company want to invest in your country eg. Malaysia, so when they want to come here to invest, they take USD come to here. But USD can't be used to do investment or business in Malaysia. So the foreigners need to go to BNM to exchange for RM. So BNM will give them RM in exchange for the USD, then those USD kept by BNM is the foreign reserves currency. 2. Company in Malaysia doing export, so money received is in USD, so company will take those USD to BNM to exchange back to RM. So BNM got USD in foreign reserves currency. So if one days, foreign investors in Malaysia want to divest their investment in Malaysia (be it stocks, business or whatever asset), then they will sell those assets, get RM, then take RM exchange to USD, then BNM will need to take USD out to give back to them. As BNM can't print USD, so they must have considerably foreign reserves currency to withstand those outflow or demand. You know what, 1997 is the classic example of the foreign reserves importance and why this crisis unfolded, simply Asian countries hit by this crisis simply has too low foreign reserves because of red hot economy was growing rapid, there was a current account deficit throughout years, i.e import > export because economy was growing rapidly, there was a lot of demand for import goods range from consumers, machinery etc. Meanwhile short term foreign debt on various countries were high. So in order to pay off those foreign, you need considerably foreign reserves to pay off. Hedge funds knew the situation, and took the advantage of it, to exploit the currency attack. Becuase if you have 100 of USD in foreign reserves, what if suddenly people take RM 500 to exchange for 200 USD (back then RM2.5/USD), then how BNM is going to face it or take out USD 200 to pay for it? The only choice was lower your currency, as if it becomes Rm5: USD, then BNM can afford already. So there is where and why currency attack by hedge fund is rampant back then. Foreign reserves can be reduced if there is significant outflow of money just like recently in Malaysia, there is about 10 billion of outflow just in recent month due to massive outflow of foreign fund exiting equities market in Malaysia. So foreign reserves currency is something that fluctuate that depends on economy situation and investment environment. It is not like ordinary people saving.  Sorry I just don't get it. |
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Oct 14 2008, 10:43 PM
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Senior Member
1,351 posts Joined: Mar 2006 From: KL/S'gor
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woo...DJIA jumping down liao...only +16 atm
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Oct 14 2008, 10:45 PM
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Junior Member
467 posts Joined: Apr 2008
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DJ turns red now....
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Oct 14 2008, 10:46 PM
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All Stars
52,874 posts Joined: Jan 2003
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QUOTE(kingkong81 @ Oct 14 2008, 10:43 PM) woo...DJIA jumping down liao...only +16 atm It's in RED zone. 9,353.28 -34.33 -0.37% |
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Oct 14 2008, 10:50 PM
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All Stars
10,125 posts Joined: Aug 2007
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QUOTE(David83 @ Oct 14 2008, 10:46 PM) It's in RED zone. SELL SELL SELL and LOCK in the PROFITS now (for shorts)! 9,353.28 -34.33 -0.37% It is only natural for profit takers to take some off the table since DJIA has increased 900+ points yesterday. I see DJIA may back down 200 pts and settle there, before moving up or down based on earnings and other news..for the rest of the week.. but I doubt DJIA will give back the entire 900 pts by weekend. Today, US Johnson and Johnson has guidance up this quarter, but Pepsico has guidance down. Even soft drinker makers earn less, that means across the board, we can expect to see more bad news on earnings later. Meanwhile, govt across the world already committed to put more confidence into the banking systems, it will take some time to unclog this mess. For investors here.. time to find those good value stocks and buy on the dips. This post has been edited by danmooncake: Oct 14 2008, 11:02 PM |
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