indeed
time to kaaboom

once 8K

It depends on the time frame of the recovery. Aussie movement is positive correlated to commodities and stock market currently. Once economy recover, the demand for commodities will pick up as Aussie is seen as commodities based currency, generally it will follow suit.

RBA will be going to slash another 0.5-1.0% interest rate as well in the near future, which market expects it will go as low as 4% and may be 3.5% as well if global economy condition deteoriate further.

This post has been edited by cherroy: Nov 22 2008, 10:08 AM

Yes, I do agree with you.

Big banks in US also failed badly.

There are risks that you have to take. Whether you can bear the risks.

Being penny, the sum involved is smaller unless you buy 1000 lots. Not all penny stocks are without fundamental, though not so solid as blue chips.

Let say a share e.g A costs only 24sen . There are many stocks that not so blue chips, also lose about 20sen this or last week.

Practically you are writing off this share A almost completely with 20sen loss ( e.g buying Zelan at rm one ).

It is easier to do Dollar Cost Averaging on penny stocks.

Not comparing apple with apple.

This post has been edited by SKY 1809: Nov 22 2008, 10:43 AM

thanks....1000 lots how I wish

altogether 80 lots bought last week one maybe can sell next week.
How about you, Sky, any shares you plan to sell next week?

Selling Kinsteel bought at 40sen 100 lots, hold if it falls.

Huaan, need to release some from stockpile, 800 lots.

Wonder whether KINSTEL can fall further.... monday would probably be green?

Say, how do we buy HSBC stocks?

This post has been edited by kmarc: Nov 22 2008, 10:49 AM

Nowaday , I buy stocks, I have to constantly ask what if it falls. What should i do.

I do not have any data on HSBC, so i cannot help you either.

But Pound is still dropping, could have some currency risk in investing in HSBC.

This post has been edited by SKY 1809: Nov 22 2008, 11:22 AM

RBA scheduled another rate cut? That's means Aussie dollars have further downside.

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Added on November 22, 2008, 11:36 amI'm sure I understand the correlation there.

You're not buying the HSBC in UK pounds right?


This post has been edited by danmooncake: Nov 22 2008, 11:36 AM

Which website has the following information for all the listed companies in Malaysia?
1. ROE
2. EPS Growth Rate
3. P/E
4. Average P/E (for past 5 or 10 years)
5. D/E
6. Dividend Payout

I see.... thx for the input...

My friend told me that I can't buy HSBC using normal trading account.... not too sure how to go about it....

800 lots x 100?
Quite a lots..

I also hv Huaan, bought at higher price so need to keep it for awhile..
Do you think the price can go up to 0.30++?

See last night DJ close at 8000, what do you guys think about next week...
will be better.. or go down to 7000?

Next week also last week of November... Friday will be window dressing day?

Our friend perm. promoter for Hua An, too bad unable to get hold of some when it down, kedekut 0.5 sen.

Well, EEC banks are on the way to retrench thousands of staff.

Any investments not quoted on Bursa are in foreign currencies, including unit trusts.

Pounds can be the currency where accounts are kept.

Correct me if I am wrong.

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Added on November 22, 2008, 3:00 pmHSBC Holdings plc is a public limited company incorporated in England and Wales, headquartered in London.[2] As of 2008, it is both the world's largest banking group and the world's largest company according to a composite measure by Forbes magazine.[3][4] "HSBC" is an abbreviation for The Hongkong and Shanghai Banking Corporation. Today, while Hong Kong continues to be a significant source of income for the group, no single geographical area dominates earnings. Recent acquisitions and expansion in China are returning HSBC to part of its roots.[5] HSBC is Europe's biggest bank and has an enormous operational base in Asia and significant lending, investment, and insurance activities around the world. The company has a global reach and financial fundamentals matched by few other banking or financial multinationals.[6]
HSBC is listed on the London, New York, and Hong Kong Stock Exchanges, and is a constituent of the FTSE 100 Index and the Hang Seng Index.

This post has been edited by SKY 1809: Nov 22 2008, 03:00 PM

Dow is bipolar, one day he is sad, one day he is happy..

Celebratation is a must, a job well done after a long week.

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Added on November 22, 2008, 3:05 pmWoohoo, make sure you make a lot of money on Monday.

This post has been edited by AdamG1981: Nov 22 2008, 03:05 PM

Thank you, Sifu.

Certainly have to offload some on Monday.

Dow is in the "mood" of catching short sellers at the bottom, am I right ?

There seems to be a link in Asia for that purpose.

This post has been edited by SKY 1809: Nov 22 2008, 06:15 PM

The volatility and fX movements are showing signs of bottoming for Dow, but Dow has more room to drop before reaches "fair value". I think we are close. Now its better to be on the long side rather than the short side.

Ok noted.

I am waiting for Citigroup to hit below 1, and then i will buy shares. Another wachovia in the making...

1000 shares for less than 1000 usd, if Citi bks, i lose 1000, but if Citi does it indeed got sold off, 5-6 usd per share...lol....

Good venture. Lose a bit but win big in time to come.

Afterall, Singapore Government odeli poured Billions of US $ into Citibank last year.

Share price could shoot up once they change the CEO of Citi.

Gold is everywhere in US for investors like you to pick.

Best of luck to you.

This post has been edited by SKY 1809: Nov 22 2008, 03:42 PM

tsarena, i also bought a lot of huaan. holding 2k(x100units) lots all bought in different price. I'll wait for about 6-12 months. My target price by the time is rm0.40 above.