If 90% of those stocks are kacang putih..

I wondered how the heck did they get listed in the first place..?

No wonder not many foreigners want to invest in Malaysia.

Fundalmentals rule here.. going forward. all about earnings and outlook and they continue to be grimmed. Credit seems to be easing up a little but jobs, factory orders and home sales all down.. hasn't bottom yet. We'll have to hang in there for another 5-6 months before we can see a better outlook.

This post has been edited by danmooncake: Nov 6 2008, 05:00 AM

DON'T PANIC! ALL IS NOT LOST!!

We still have more to go.. I think by Monday.. we'll see a rally.. Hang on tight..

So...stay away from the stock ticker..on your screen.



This post has been edited by danmooncake: Nov 7 2008, 07:54 AM

What about Toyota? Any good news from them?

I think it will go back to RM2.

People buy and sell because they wanna profit - lah.. simple.. we are capitalists otherwise why else
doing here. rite?

Ok.. I will predict DJIA will be green tonight.. bargain hunters jump back in to grab more shares.

This post has been edited by danmooncake: Nov 7 2008, 12:02 PM

Nonsense! This is buying opportunity! Now get over there and start buying!!!!

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Added on November 7, 2008, 10:00 pmNo they won't.

It is up to OTHER central banks.. around the world.. like Euro and China.

This post has been edited by danmooncake: Nov 7 2008, 10:01 PM

Simple..MESDAQ is a copycat of NASDAQ in the US. Secondary market.. more like tech.

This post has been edited by danmooncake: Nov 7 2008, 10:02 PM

Again nonsense! Futures aren't that bad away from the fair value.
Now.. get ready to BUY in 15 mins!!!

What u talking about.. plenty of chances to make money here..
downward turns... SHORT lah!

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

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

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

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

IMO, Malaysia is in NOT the recession yet.. not by any outlook at the moment, even for the next 6-12 months.

Yes, we're seeing slow down in factories orders, our citizens are facing retrenchment across Singapore and huge number will come back but I think a large number of those will be absorbed back locally due to those on going projects already in place. Their salary may dwindle a bit but everybody will still have food on the table and not losing their homes. Perhaps our inflation may continue to go up due to rising import costs and these are some of the things we can cut back.

We may see more repatriation of foreign workers back their own country if our economy slows down because we may not need much of them around anymore and our own citizens need the work - it depends on our business and govt priority - this is when we need to hire more locally.

As for growth.. I think we may see drops perhaps to as low as 2% for following year if other countries have not recover yet. Belts are tightening.. but not in dire straits yet.

So don't panic yet.. continue to invest in the market and profit!

This post has been edited by danmooncake: Nov 9 2008, 12:12 AM

But, EPF IS saving, 33% in total still count. It is just that we can't touch the EPF money until we are retired. Without EPF, I say most retirees will already have to live on welfare (or more 'pokai' on the streets). I guess some people will go broke too because they're stupid enough to withdraw them early even before they've retired and has no alternate savings or sustain income beyond their retirement. Average Malaysians now with good health care can live over 70s..even 80s.. I must admit I have no clue what those people will do if they burned all their EPF savings with a single lump sum withdrawal when they only reach 55/56.

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Added on November 9, 2008, 4:38 amIMO, Malaysia just need to be more productive that all. Need to produce more stuff that we all need and other countries need. In lean time where industrial, services and constructions are going downhill, Malaysia being still only 10% still agri based, Malaysia can definitely increase our food production even more. Modernize our farming equipment, factories, etc
sell more agri and food products instead of oil to make up the difference.

As for increasing productivity..Education sector needs to play a vital role and we need to overhaul our entire education system in Malaysia. They're err..I must admit is in pretty bad shape, our local graduates can't compete with the demand of tomorrow business needs - even in agriculture industry.

..As for equity and stocks.. yeahh.. I love 'em. We will continue to profit from those who are fearful.

This post has been edited by danmooncake: Nov 9 2008, 04:52 AM

AIG will never get above $25 long.. very long.

Better sell AIG when it gets above $3.50 for short now.

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Added on November 10, 2008, 10:46 pmIt is back down to 2.50.. still up 18%.. good for intra-day trade.

This post has been edited by danmooncake: Nov 10 2008, 10:46 PM

Shares buyback? Don't expect that.. they don't have a lot of cash.

Damn! AIG bull run was short..bears are back now.
AIG back down to $2.30... still up about 10% from last close.

Yeah.. no choice take your money and run now.

It is going to be another red day at Wall Street..

I've unloaded all my short positions yawnn.. time to go to bed now.



This post has been edited by danmooncake: Nov 11 2008, 02:12 AM

Yawnn... Good morning!

Did anyone profit from AIG yesterday/this morning?

Things don't look good for Circuit City.. another retail giant going bust.

GMAC (subsidiary of GM) going to fold soon.. I see more bad news coming from Wall Street tonight.