bombs should be bad. =)

actually buying low unit is also good. hard to explain. will later when i have time.

20 lot for KNM
20 lot for KINSTEL

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Added on November 21, 2008, 5:13 pmRM12 only? How about OSK?

This post has been edited by gogo2: Nov 21 2008, 05:13 PM

I queue quite low at 0.78 this morning..din get..
At closing time strong sell down at 0.805 and 0.80.
i managed to buy some at 0.805.
Tat counter give 5 sen dividen....will get about 1K+ after minus 25% tax..

Hope tat stock have support when open next Monday...


Cheers,
v_viper88

DJIA future looks great: 7,782.00 +295.00

May i know, if Bank Negara cut interest rate, what will the most likely impact ?

I assume, Share prices will rise
Ringgit will weak.

(learning from what happen to US for the past few months)

we buy now when announce coming div also can get?

by theory, yes. by reality, yet to be known.

If they anounce interest rate cut, and if djia perform tonight.. monday would be interesting..

interest rate cut for malaysia wont give much impact to bursa.. maybe a half day bull run which also be limited to certain counters or sectors..

Zelan EX date is next monday.
If buy today sure get the dividen.. if buy on monday.. no dividen.
If still hold the stocks and have new coming dividen can get the new dividen also.

I buy this counter coz EPF and Valuecap have shares in it.
The buying demand is good also. Once the selloff over... hope this share can move up higher.

Cheers,
v_viper88


This post has been edited by viper88: Nov 21 2008, 05:31 PM

still ok la.... if u wana take profit then 'cabut'... it's better to buy in large quantity.... easier to 'cabut' (if u r not greedy)
but getting trapped oso easy

Lets put the scenario on the table. for a 0.80-1.00 company which announced 5 cents dividend is considered quite substantial (nearly 5-8% of the share price). But even before the ex-date of the dividend, it came under massive selling pressure (all the way down from 1.30 to 0.80 over cents). By reality, the selling should be lesser before ex-date than after ex-date because substantial shareholders will gain a lot from the dividend. In Zelan's case the selling pressure looks never ending even before ex-date for dividend. What do you think they will do after qualifying for/receiving the dividend?? A simple answer will be that they will dump even more..

so do u think it will be well supported after it goes ex when the major shareholders are already dumping before the ex-date?? only monday can tell...

Nothing, external factor is driving the stock market currently. Not local event.

Ringgit is actually at neutral overall and strong compared to like AUD, GBP, KRW etc. It dropped against Yen, and USD (safe heaven), while against othere, mostly not much different.

OSK also can get RM12

if they cut intest rate, will BLR be reduced to 6%?

what they cut is the interbank intrest rate right? what are the implication on BLR?

Ringgit become toilet paper....

No fun..... was so busy with work.... missed KINSTEL at 0.40......

Never mind... monday taking leave..... woo hoo!!!

Sometime people just need another excuse to rally

Most counters have heavy sell down on 28/10 when US drop alot.. including Zelan drop till 0.96.
After dividen annoucement, Zelan rise up till 1.37.. and later keep drop back below 0.96 and even lower to 0.80 as per
today close. The no. of shares bought over response also quite good since start drop. Theres still some support n demand.

LIONIND also drop alot on 28/10 and its quite scary plunge ..... but later on, it starts to climb up back..
Fundamentally theres no obvious problem with that counter, the sell off most likely due to ppl sentiment in this bearish market.
Lionind also give 1% dividen.. since its ex date is still far away.. it price still going up.

I expect Zelan sell off pressure is at the peak today coz last day for ex-div.
Next week the price will go lower due to ex-div but i feel the selling pressure will reduce and that counter might slowly stable down.
Nobody knows what will happen next week, but i'm investing Zelan for mid term.
Since this counter have EPF and Valuecap as its shareholder, theres possibility for the stock to rise later when the market calm down.

Cheers,
v_viper88

This post has been edited by viper88: Nov 21 2008, 07:39 PM

I also can't quite understand the sell-off for Zelan, especially looking at the fundamentals. My opinion is that it's a combination of the CEO selling since he's leaving the company, and foreign funds selling to meet redemption back home like KNM. That's why I'm holding both - 300 lots each.

That said, I managed to contra 400 lots of Zelan today for about RM1,000 gain to try to make back for the paper loss.

On the interest rate cut, I think the RM will weakened if it happens and which is why I bought AUD$20k this morning ...at a relatively low RM2.27 rate.