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 Stock market V17, Aftermath of Oct depression

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Jenn V
post Nov 7 2008, 12:40 PM

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Aiseh...i missed the boat at this morning....
Seems like I need to wait for the next round alr...

Hi to all the STOCK FORUMMER!!!
panasonic88
post Nov 7 2008, 12:41 PM

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looking for more action in the afternoon biggrin.gif
SKY 1809
post Nov 7 2008, 12:48 PM

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QUOTE(panasonic88 @ Nov 7 2008, 12:41 PM)
looking for more action in the afternoon biggrin.gif
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I thought you have eaten your lunch earlier today brows.gif
wirelessdude
post Nov 7 2008, 01:03 PM

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QUOTE(eltaria @ Nov 7 2008, 11:32 AM)
The economics of trading?

Actually, I want to understand more on the logics of the traders here.
In the last few months we have seen shares dropping 30%+ of the top

If so, why would people keep selling their shares? Assuming some sold their shares at 30% discount back then, the buyers of those shares SL at 5% and so on, we can safely say that sellling shares now or at further discount will result in the law of diminishing return for the profit takes and further losses for the sellers.

In such a case, it's illogical for trades to continue is it not? As warren buffett says, the brokerage fees for certain counters is higher than the total annual net profit that the company makes.

We're paying 1 billion in brokerage fees, for a company that makes 1 million.

For example, one of those counters would be huaan I assume. The volume of trading is huge, but I doubt the entire net profit is equivalent to it.

Strangely odd, but there u go..
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Easy ...if I expect market to continue dropping, I would sell at a loss today to buy back at a lower price tomorrow.

Or could be that other stocks that I'd wanted to buy, that was expensive back then, has fallen more than the stocks I'm holding now.

Or I have to liquidate my stocks even at a loss because of my other commitments, e.g bills, etc.

Of course there's always the force-sell from contra. wink.gif


Added on November 7, 2008, 1:09 pm
QUOTE(eltaria @ Nov 7 2008, 10:54 AM)
Adam, there're some of us who does appreciate your thoughts and sharing.

In the end it's up to the individual to decide on what to do with their own money.
All of us who trades should know this golden rule.

If not, their losses is simply due to their own mistake one which they should learn and eliminate, and we all would know better than to be blaming anyone for it.

wirelessdude, as a long time trader urself, you should know this too.

There's lots of news report, and brokerage buy, hold, sell advices too. That's just the way it goes.
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If you missed it, I have already said that my post wasn't meant for AdamG but to forummers who listened blindly and got caught. I never said that he's no good at predictiong or blame him. I myself consider his forecasts, when I trade contra.

Now, if AdamG is so sensitive, can't understand my explanation and merajuk just because of one post then that's up to him. This is a forum and everyone's entitled to his/her opinion - I'm just exercising my rights.

You know I've played futsal with Vijay once (owner of Lowyat) and even he isn't that cocky.

Anyway, like I said - let's move on!

This post has been edited by wirelessdude: Nov 7 2008, 01:11 PM
sharesa
post Nov 7 2008, 01:16 PM

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QUOTE(kinwawa @ Nov 7 2008, 11:25 AM)
sharesa....u din inform me one u buy more! hahahaha...go go sapcres!
i'll wait for another further (major) drop though....before i strike again
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sorri - sorri....leh..... blush.gif

wirelessdude
post Nov 7 2008, 01:18 PM

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QUOTE(wirelessdude @ Nov 7 2008, 10:33 AM)
Yup, volume was suprisingly low yesterday and this morning i.e. no massive flight to safety.

Anyway, I went bottom-fishing already this morning. Loaded up some but they are stocks that I wouldn't mind keeping long-term just in case.
*
Paper gain from this morning's bottom-fishing:

1. Scomi - bought 300 lots @ 0.370.
Now $0.395, Gain - $750


2. Astro - bought 100 lots @ $2.17.
Now $2.24, Gain - $700


3. KNM - bought 100 lots @ $0.62.
Now $0.66, Gain - $400


Total paper gain - $1,850
sharesa
post Nov 7 2008, 01:28 PM

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QUOTE(wirelessdude @ Nov 7 2008, 01:03 PM)
Easy ...if I expect market to continue dropping, I would sell at a loss today to buy back at a lower price tomorrow.

Or could be that other stocks that I'd wanted to buy, that was expensive back then, has fallen more than the stocks I'm holding now.

Or I have to liquidate my stocks even at a loss because of my other commitments, e.g bills, etc.

Of course there's always the force-sell from contra. wink.gif


Added on November 7, 2008, 1:09 pm

If you missed it, I have already said that my post wasn't meant for AdamG but to forummers who listened blindly and got caught. I never said that he's no good at predictiong or blame him. I myself consider his forecasts, when I trade contra.

Now, if AdamG is so sensitive, can't understand my explanation and merajuk just because of one post then that's up to him. This is a forum and everyone's entitled to his/her opinion - I'm just exercising my rights.

You know I've played futsal with Vijay once (owner of Lowyat) and even he isn't that cocky.

Anyway, like I said - let's move on!
*
its good that you inform forummers especially newbies that we can't follow blindly on forecasts. smile.gif
That they should be only a guide.

This post has been edited by sharesa: Nov 7 2008, 01:28 PM
SKY 1809
post Nov 7 2008, 01:35 PM

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I think one should profit from the vast 15 years of Adam in US markets. And Dow at this point of time is still commanding the world markets.

Though you may read reports about US here and there all over the internet, but up to date interpretations are as important, and fast for decision makings.

And it is not easy to get a good person likes Adam to lead us, and sharing info with us.

There are many good circuit breakers here to stop us from going overboard too. And if forumers do not heed the advices from these circuit breakers, they themselves would have to be blamed.

Just my 2sen opinion. Take your own risks.

This post has been edited by SKY 1809: Nov 7 2008, 03:56 PM
TScherroy
post Nov 7 2008, 01:37 PM

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QUOTE(panasonic88 @ Nov 7 2008, 11:39 AM)
cherroy is right, wet head, lol, goreng couters are back in action.
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Just based on experience from the market especially from the pattern of trade. nod.gif

Actually deep inside, I have feeling we probably had experienced the worst of the market (70-80% of chance), just left some sting at the tail end.
Now even DJ down 500 points, Asian markets only give face in the early morning only. Then the rest of the day, moves on its own already.
Those weak sellers in the market probably has been flushed out already, as well as those need to deleverage down one, so left not many aggresssive sellers.

Having said that, there is remote chance of bull market coming back. Relief rebound probably is the word to describe, but definitely not a bull run. It is much healthy for market to trade sideway for a period of time.

But next year CNY, we probably will have a mini-run up. Just my guess. Trade at your own risk. tongue.gif
aurora97
post Nov 7 2008, 01:37 PM

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that said...

Money in ur hands is ur own hard earn money, what u want to do wif ur money up to the person concernlor.

dispensing advise is free, the person who make use of this advise however have to deliberate and decide for himself. no one can be breast fed forever.

Lastly, use polite and kinder words in forum to avoid misunderstanding. if u agree with an opinion just "I agree... bla ba" , if disagree just "I disagree bla bla... becoz".
SKY 1809
post Nov 7 2008, 01:44 PM

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QUOTE(aurora97 @ Nov 7 2008, 01:37 PM)
that said...

Money in ur hands is ur own hard earn money, what u want to do wif ur money  up to the person concernlor.

dispensing advise is free, the person who make use of this advise however have to deliberate and decide for himself. no one can be breast fed forever.

Lastly, use polite and kinder words in forum to avoid misunderstanding. if u agree with an opinion just "I agree... bla ba" , if disagree just "I disagree bla bla... becoz".
*
Seems like you do not trust milk made in US, just joking.

This post has been edited by SKY 1809: Nov 7 2008, 01:45 PM
aurora97
post Nov 7 2008, 01:45 PM

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Greener ending?

http://biz.thestar.com.my/news/story.asp?f...39&sec=business

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Going to whack some plantation stocks see what happens...

This post has been edited by aurora97: Nov 7 2008, 01:46 PM
SKY 1809
post Nov 7 2008, 01:50 PM

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QUOTE(aurora97 @ Nov 7 2008, 01:45 PM)
Greener ending?

http://biz.thestar.com.my/news/story.asp?f...39&sec=business

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Going to whack some plantation stocks see what happens...
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I wonder why Malaysia is still in denial state, not cutting BLR ?
aurora97
post Nov 7 2008, 01:57 PM

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QUOTE(SKY 1809 @ Nov 7 2008, 01:50 PM)
I wonder why Malaysia is still in denial state, not cutting BLR ?
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That's notthing compared to this...

http://thestar.com.my/news/story.asp?file=...5522&sec=nation

they can't even solved the problem stated in the link, what more handling big issues like BLR... Malaysians need to pay interest through their A$$, die of starvation before the gomen will even decide to cut. (not after more shoutins of u B*******, B*******)

Oh yess... I remember what Pak Lah said times are bad, time to tighten ur belts!

This post has been edited by aurora97: Nov 7 2008, 01:58 PM
SKY 1809
post Nov 7 2008, 02:03 PM

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QUOTE(aurora97 @ Nov 7 2008, 01:57 PM)
That's notthing compared to this...

http://thestar.com.my/news/story.asp?file=...5522&sec=nation

they can't even solved the problem stated in the link, what more handling big issues like BLR... Malaysians need to pay interest through their A$$, die of starvation before the gomen will even decide to cut. (not after more shoutins of u B*******, B*******)

Oh yess... I remember what Pak Lah said times are bad, time to tighten ur belts!
*
Many BN MPs are too old to read internet news.

This post has been edited by SKY 1809: Nov 7 2008, 02:03 PM
aurora97
post Nov 7 2008, 02:06 PM

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Anyone got any news on whether CPO will continue its North bound climb..

soya bean oil .. up

Malaysian ringgit ... down

This post has been edited by aurora97: Nov 7 2008, 02:08 PM
wirelessdude
post Nov 7 2008, 02:33 PM

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Don't really trust today's market - still kinda risky for me. Think I'll take profit this afternoon from this morning's buy.
eltaria
post Nov 7 2008, 02:35 PM

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-5 now... turning green next hour~
goognio
post Nov 7 2008, 02:39 PM

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Its a trap. now market offload already.
aurora97
post Nov 7 2008, 02:41 PM

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QUOTE(goognio @ Nov 7 2008, 02:39 PM)
Its a trap. now market offload already.
*
-7 pts ... looks like its bending over backwards now.. loosing steam

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