I remember researching about IOI and Asiatic. Since last time, whatever the CPO price, IOI is generally priced higher than Asiatic. But this year it's backwards mostly due to IOI's bad investments and problems while Asiatic is a "no news means good news" counter.

Yeah you're wrong. I hope YTLPOWER also drop, so can pick up more.

The problem is, a lot of nice blue chips is just too stubborn in this crisis.

Unlike the 1997 crash which we are directly affected, this round of financial crisis are just not pushing them down enough. In fact, I believe now that it is quite fruitless to wait for the likes of PBank to drop to below RM5 levels or Genting to drop below RM2. They have enough cash to prop their shares and lack of Foreign ownership to sell them down.

And the fact that most foreign ownerships of stocks remains lower than 1997 levels, there is no way it could drop that far these days. There is no capitulation so the chances of this generation to reap the fruits in 5-10 years time is limited.

I wish there was 10/03/08 every week.

Hmmm my OSK does not have the number of orders beside the volumes.

What browser are u using cheeroy?

Hmm mine not showing. Just the normal total volume for each price.

It doesn't say how many orders are making that volume.

You're using what broker system?

ahh definitely different broker then.

My OSK looks nothing like that. Too bad, would be a nice feature indeed to be able to see the number of orders that make u the queue.

Ok 4:41 already, the Closing period for TCP will start in a few minutes at 4:45pm.

Please remember at 4:50pm onwards the prices are fixed.

Hmmm I think at the moment there won't be trades right for 5 minutes? Only orders can be entered and modified until 4:50pm where theTCP will be shown and whatever is matched is matched before the price is fixed.

Hmm I didn't manage to see the lunch time closing so the end of day closing is interesting to watch indeed. I was watching SIME particularly because the Buy queue at 5.10 was at 5 k volume while the Sell volume at 5.10 is only about 1 k. I was hoping to see a last minute jump in Sell queue to see if it can manipulate the TCP.

But so far seems like a good feature this TCP thing, as it actually shows how the sellers and buyers vie for control in the last minutes of trade. The orders can continuously climb and drop whenever since no trades are done and can be canceled as well.

To watch who will in at the 5.10 price will determine how all the rest of the queues react. Kind of like a strategy game haha

This post has been edited by skiddtrader: Dec 1 2008, 04:55 PM

You CAN still BUY and SELL, only the PRICE done is FIXED.


The last 10 minutes of trade can only buy/sell at 1 fixed price, determined by the Theoretical Closing Price(TCP) algorithm which is calculating the TCP from 4:45pm to 4:50pm.

From 4:50 onwards, once the TCP is calculated, ALL trades whether Buy/Sell will be based on that price.

The prices you queue prior to 4:45pm is done normally.

At 4:45pm onwards, no transactions will be done for 5 minutes and all the queues for buy orders and sell orders will be calculated. During this 5 minutes, you can still key in orders, but no transactions will be done.

This is the time you will see the Buy order price and the sell order price is the same.

After 5 minutes at 4:50pm. The TCP will be shown and that would be the fixed price to trade. Any other queue above or below it will not be entertained.

So for the last 10 minutes, you can say the KLCI index is fixed as well because the prices don't move anymore.

Theoretical Closing Price (TCP) is calculated by Bursa Trade algorithm. You can get more info how it is calculated from the Bursa Trade website. There are several videos how the whole thing works.

This post has been edited by skiddtrader: Dec 1 2008, 05:23 PM

If your order is matched, then it is matched. If it is not matched and still queuing, the it is up to the TCP algorithm to determine what is the final fixed price would be. If the fixed price is 1.00, then your order wouldn't match. If it is 0.95, it still wouldn't match.

If the TCP is exactly 0.90 like what you queued and there is no sellers queuing, then there is still NO match.


Please don't get confused TCP with order matching.

Order matching is still done the same way, with a willing buyer, willing seller at a right price.

The system will not change your order.

The system will not force sell your order.

The system will match any buy order that has a match with a Sell order, and vice versa.

All the new system does is, freeze transactions for 5 minutes from 4:45 to 4:50pm. Then fixes the price based on Buy/Sell orders in the 5 minutes including new/old/modified orders. From 4:50 onwards if you wish to buy/sell, it is done at the same fixed price.

In my opinion, TOP didn't really change. Because normally also, today's opening prices is never the same with yesterday's closing prices(ref. price).

And TOP does not fix the opening price unlike closing price. All TOP does is determine the price based on pre-opening queue orders and present it as the opening price for the session, nothing else. And as we all know, opening price doesn't mean anything.

Yeah I know that. If there is a willing seller and willing buyer at a right price. I believe if at the last minute, the Sell order are removed then there will not be any match. Since no transactions are done during the 5 minute lull, you can still cancel your order even though there is a match.

---

Added on December 1, 2008, 5:59 pmIf you keep your orders, then yes. Trading will resume at 4:50pm, and any orders that can be match at that time are matched immediately.

Please remember, that the system although freezes the transactions, you can still set up buy and sell orders or even cancel your orders. Yes you can cancel your order ANYTIME. No restrictions on orders, you can do whatever you want.


Orders can be canceled anytime. From 4:45 until 5pm. Nothing is stopping you from canceling or modifying. It's just as normal trading.



This post has been edited by skiddtrader: Dec 1 2008, 06:01 PM

Now watching the pre-opening see got any tug-of-war or not.

Because the last 5 days before or rises has no fundamental backing. All previous rises were mostly due to Obama's selection and the emotional momentum of the holiday season.

Wah not bad eh I make up something hahaha

Anyway, I think due to no reason it rose in the first place. Because if everyone is surprised why the DJIA rise when all the data is bad, then definitely it won't last.

wow, AirAsia drop some more to 0.93

It will fly definitely.

wirelessdude,

Steady brother, no need to get upset over these small matters. A lot of times, some people may not completely agree or let themselves fully believe what they read as part of their cautious nature.

Though he may doubt what you posted, there is no need a show of hands as I don't think anyone accuses you of being a liar. I generally believe half of what I read on the net as well, no offence to my fellow posters.

Good trades by the way.

They obviously don't know what to do with their cash after buying 2 companies which are linked to the current CEO.

You 2 former lovers or something?