It is not that bad.. just under than 1% of the expected number. Market can handle it.

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Added on November 7, 2008, 10:20 pmhow stable r those MESDAQ stock?

Who knows.. they're the same.. whether it is on primary board or not.
KLCI right now very ... slow movement.. like dying breed going extinct.

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Added on November 7, 2008, 10:22 pmNo.. depends on your investment strategy..
Good stocks are for keeping now.

There is a huge bargain for Food and BioTech now.. I am hoping for more dipping so that I accumulate more!
This is fun!



This post has been edited by danmooncake: Nov 7 2008, 10:22 PM

Surprisingly, DJIA opens in GREEN:

8,789.06 +93.27 +1.07%

Let's see how long it can hold.

Dow Up 36.64 pts

Seems like European stocks are making U-turn now.

That's because there are plenty of bargain hunters like me who has keyed their BID orders
way ahead of the market open, that why it shot to green during open.

The employment numbers that's out ALREADY been factored in.. that's not too bad.
So.. we shall play the sideways game again today.

As for shorting.. I knew MSFT is going to reject YHOO, so I shorted it yesterday.. heh-heh!
Now.. time to pocket the difference later.



This post has been edited by danmooncake: Nov 7 2008, 10:38 PM

Maybe GM report will upset the market later.

Again, it is already expected GM to lose badly this quarter.. @ 4.80~5.00 that's already guided
down.. unless GM comes up with a much larger loss number. I don't expect GM to go down
below 4.00. All Auto industry will not recovery until economy recovers.

This post has been edited by danmooncake: Nov 7 2008, 10:44 PM

Ai~~~market really unpredictable...

When you thought d unemployment data will cause a drop in market...it in turns making it green

+200++ points now

===
US ppl i guess is really in optimistic mood now with their new president-elect

European markets surge at the same momentum too!

WCT had won the RM235m Abu Dhabi contract. Do you guys think WCT is worth for buying?

oh noees... poor yahoo
drop to 11.99

was eyeing on this stock and then ballmer said no again
http://www.marketwatch.com/news/story/yaho...A}&siteid=yhoof

The bears of US expected 300,000 job loss data, but instead -200,000.
So, it is sort of good news for the market.

Job lost in US as at october 2008 was 1.2M. Unbeleivable man. poor Obama have to face all these problems. Confirm next year recession . Hopefully Malaysia not much effect.

US already in recession, ain't? Yeah, hopefully Malaysia can avoid the heat which I doubt so.

GM posts loss of 2.5B dollar. wider than expected. gulung tikar already. but hmmm djia still green. market lately difficult to predict.

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Added on November 8, 2008, 12:33 amnot yet i beleive but almost certain

This post has been edited by goognio: Nov 8 2008, 12:33 AM

Got a noob question here.. If recession how badly will currency rates be affected?

Will Sterling Pound drop even lower than 5.4 anytime soon?

It is expected... I shorted this.. made a quick US 1+K.

I think YHOO will find no suitor until it gets down to US9/share.

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Added on November 8, 2008, 7:38 amMalaysia will probably see significant slower growth towards the end of the next year because
all those factory orders from US are now slowing.. and some even stop completely. Not just US.. because it is global, Euro, Australia, Japan etc.. all are buying less. Malaysia can continue to grow if it can boost local consumption.

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Added on November 8, 2008, 7:41 amAlthough the numbers officially are not out yet (technically must be two quarters of negative growth), people are already feeling it. This time.. it is worse than dot com bust in 2000-2002.

Malaysia can avoid it it can solve the fiscal deficit issue, boost local productivity and consumption.


This post has been edited by danmooncake: Nov 8 2008, 07:41 AM

Mesdaq generally has no track history record of their company, they generally are new in the market. Also, listing requirements are very loosely.

A lot of Mesdaq company's revenue and earning is so so and tiny only even some Kopitiams or ordinary company out there also more than them either in term of turnover or profit wise.

Don't mean Mesdaq doesn't have or have good company, judge your own.

Blue chip? Must be kidding. No offence.
The general definition of blue chip http://www.investopedia.com/terms/b/bluechip.asp

This post has been edited by cherroy: Nov 8 2008, 09:09 AM

I reckon it is more about last 2 days, DJ has slipped about 10% or 1000 points in just 2 days time, market simply oversold.

Market already in green zone before market open, although job data looks bad, but some may be factored in before hand with 1000 points slide.

You have to do your homework, there are some good company there also. Which one you targeted?