High probably we will see market flat for sometimes (just like recent market), before the market can stage any meaningful recovery.

Don't need to find the bottom, buy low is already good enough for long term investment. Applicable to good fundamental stocks only.

Anything you buy currently is way way better off (30%, 50% discount) than those bought several months ago. Those bought several months ago already envy your current buying price, even though you might make a loss currently.

I'd seen quite a lot of these joker in trading, selling at 1 lot how can they earn $

I don't think we're at 10 either. I'd continue DCA-ing and only go in fully when the market trades sideways on low volume for an extended period. This way, all the bads news are probably already priced in and lots of money waiting on the sidelines to come back in.

we're start seeing thin volume at low price....

Yeah, I feel lucky that I started trading recently and not before everything came crashing down.... even with my late entry, I'm still making losses on paper but like you pointed out, it should be good enough for long term investment......

They are just manipulating the prices, and making us pay commisions!!!


What would your view be on the scale of 100? Would be interested to know.

Yeah, gonna DCA too but will have to increase my intervals of DCA (e.g. drop 10%, instead of 5%) before buying another round of the same stocks) as prices seems to keep on dropping...... Looks like KLSE might go below the lows of Oct 28....

This post has been edited by kmarc: Dec 6 2008, 01:03 AM

Interesting. can someone explain more on this

I wish to share my knowledge wif u all or at least discuss wif u all abt the stock market movement.
Accordin to my info, stock market is a leadin indicator of the economy. Which means the how is the economy condition after 6mths, it will be alredi reflected by stock market for now.
Stock market fully reflected all known information available for the public.
This is the main reason why normal investors always have tis kind of problem such as buying/selling too late and too soon.
This situation happen when v read newspaper and saw multiple badnews such as rising unemployment rate and recession, market tend not to drop much after tat and sometimes instead rise. So does wif gud news.
We based on the current information available would not able to make any profit from the stock market as the prices alredi factored in the news available. As it has alredi indicates the economy for six months further.

Therefore i can say tat no 1 actually noe the movement of the stock market. Economy maybe bad for next year but stock market would not necessary mimic tat as every1 has expected economy to drop next year so probably the stock market has alredi factored in the gloomy expectation.

Warren Buffett has also said recently when he purchased shares, he told the investors to buy now as every1 is fear and economy is alredi in recession. He said tat no point waiting for economy to recover to buy as tat time the stock market alredi recovers thus leavin u buyin late.
The greed when ppl fear and vice versa applies here.

Surprisingly, DJIA closed in GREEN:

8,635.42 +259.18 +3.09%

Yup, Aussie dollar swung from RM2.30 to RM2.35 ...incredible!

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Added on December 6, 2008, 7:29 amTo be really honest, I don't have a clue because the situation now is very fluid - giving you a number would be just like plucking one from the air.

That's why Adam could predict the "DOW will be bloody red tonight" but it went on a 5 day rally instead. Advised us to sell stocks and Aussie before OPEC's meeting on Friday, but OPEC decided not to implement any cuts instead. It's not entirely his fault because it's so difficult to make predictions now that even top fund managers are losing profusely, what more retailers like us - though I wish he'd be more humble after making mistakes than still be cocky.

Back home, it's not just people feeling pessimistic. Giants like Infineon, who employs 5000 people in my town, has cut production to 5 1/2 day week - never before in its history, while engineers at NS are now working 3 day week. Because of our new political situation, the government can just suddenly implement new policies, e.g. windfall tax.

How low? During the 97/98 crisis, I think most of you will remember that KLCI dropped all the way to 250! Well, we're not even at 800 yet.

This post has been edited by wirelessdude: Dec 6 2008, 07:38 AM

This is just the beginning. Analyst can predict all they want and big listed companies can bank on their billions worth of contract job but nothing is guarantee nowadays. If the economy is so good, the government no need dump in 5b to reassure things are still ok lor.

It is a well-known fact that nobody knows the movement of the stock market and no one can predict the future. From what I have read (and if I understand it correctly), stocks usually start to recover 3-6 months before the economy. If the economy starts to recover in 6 months time, these 3 months could be the best time to buy stocks!

One of the factors why some people fear buying stocks at the moment is because they are afraid the company might just go bust, making the shares they hold become junk. However, I guess if you buy blue chips shares, the risk would be extremely low?

This article describes well the current situation : http://www.cnbc.com/id/28070601

Yeah, I do understand what you mean as I was already reading his "posts" before I started becoming active in this thread. I actually pm-ed him once to seek advice but he didn't even replied! Either he didn't see my pm or he was only interested in forumers whom he can earn commissions from. Anyway, I'm speculating so please forgive me. Will not mention it again.

Yeah, I can always remember the 97/98 crises when shares were so damn cheap..... Couldn't buy any as I just started working!

Say, did any company go bust during the 97/98 period and their shares become toilet paper?

Anyway, isn't it time for V19?

This post has been edited by kmarc: Dec 6 2008, 09:04 AM

Recently Vincent Tan keep selling his bjtoto shares thru Berjaya Sompo. Anyone know why?

really? hope it reach RM1.50 soon. I remember last time I bought it at RM3.50 before split.
After split, it should worth RM1.70

When we know why probably will be too late already

Cherroy haven't wake up yet wait for him to creat version 19

This post has been edited by darkknight81: Dec 6 2008, 09:07 AM

Not really think it is a good move to buy a company shares where its director is throwing it... Some thing is not right ....

Remember we don know what happened inside .....We must invest in a more transparent company.