Sometime market don't perform in the way we think it will

Obama effect and stimulus package which is going to introduced by him, more and less being priced in by last week surge or so, when Dow crossed 9,000 level.

So might not rally too much either. I might be wrong.

Market focus now is the economy and how the stimulus package.

i thoguht obama will help the poor people, the big boy will be lacking of. so in my opinion will be another way round

Bargain hunters are lurking around; waiting to see Q4 results. Again, it's down due to sellers selling, and no buyers buying due to anxiety. Alcoa will kick off a "disastrous" earnings season but any hints of STEEL production BOTTOMING will boost the commodity and stocks. The banks will report a stronger balance sheet and will warn on weak earnings ahead, but that's all priced in. Any hint of a turnaround will spark the stocks to rally.

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Added on January 12, 2009, 11:43 pmYou want the earnings to be bad, you want the econ data (lagging indicators) to get worst so the government will stop its political bullshit and get to work.

The main worry for WALL st right now is not the earnings, is about CONGRESS on two issues:

STIMULUS Package: How big, and will republicans shoot it down

TARP remaining money: Is Treasury going to get it earlier?

Any hiccups on any issues will bring the market further south, to test 7600.

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Added on January 12, 2009, 11:55 pmYup, the statement above is true.



This post has been edited by AdamG1981: Jan 12 2009, 11:55 PM

Crude oil settles below $38 : http://www.cnbc.com/id/28608661
- dropped almost 8%

Russia to restore gas supply : http://edition.cnn.com/2009/WORLD/europe/0...aine/index.html

Careful guys.... oil-related companies on the downtrend due to the above

Alcoa's losses more than expected :
http://www.cnbc.com/id/28623420
http://www.bloomberg.com/apps/news?pid=206...kV0k&refer=home

More bad news as expected..... keep in mind the high probability that this period is only a bear market rally.... the worst might just be around the corner....

Again, all are predictions, only my -0.00002 cents, judge your own.....

market may react the other way. the down trend of oil is expected in last few weeks when the oil reach below $35, remember 17th jan is the election for kt. gov just need to lift sime and maybank, public bank, cimb for 50cent, the ci will change green.

This post has been edited by sampoo: Jan 13 2009, 08:13 AM

wah, so wld alcoa drop affect PA?

Good day for some shopping?

IOICorp is gonna be massively hit today, other plantation counters will be hit in early trade. could be an opportunity to pick some at early trade, and sell when oil rallies...

how about pantech? oil and gas company. the earning is shoot 90% in the financial announcement recently.

the stock also very low! but, volume is not much.

This post has been edited by sampoo: Jan 13 2009, 08:57 AM

guys, how does a conversion work for SAPCRES-WA?

Appreciate if someone can work the calculation for me

ARTICLE ENTITLED " OSK CUTS LCL TO NEUTRAL" IN FINANCIAL DAILY

ARTICLE ENTITLED " OSK CUTS LCL TO NEUTRAL" IN FINANCIAL DAILY
Reference is made to an article entitled " OSK cuts LCL to neutral" which
appeared in the Financial Daily dated 9 January 2009 which carries statements
as follows :-
" ....... as it (LCL) had backed out of the project last September. " and
"...... given that an LOA (Letter of Acceptance) had been delayed several
times. "

LCL Corporation Bhd ("LCL" or "the Company") wishes to clarify that the Group has not backed out of any existing projects in Dubai. In addition, the Company through its Dubai-based company, LCL Interior Contracting LLC, is one of the bidders for the Meydan Race Course project in Dubai, as was announced on 2nd
June 2008.

today KUB,JAKS,EDEN,KHSB all goes up a bit by a bit...

anyone know what are they? =.=''

they are GLC aka Government-Linked Counters.

pantech up 7%

zamans98, bse on current price, the conversion will be, 0.71(Ex price) + 0.075 = 0.785 , 1 to 1 conversion to SAPCRES at 0.855

meaning u can convert from 0.785 to 0.855, u earn the 0.07 per share. But normally when it is about to expiry, the company will manipulate the price on the parent/wa share so that investor like us always at the losing end.

Lift SIME? Cool! I want to goreng my SIME!

Where did you get this info? I'm holding some LCL stocks......

Edit : Never mind, I found it.

This post has been edited by kmarc: Jan 13 2009, 10:27 AM

Thanks. I need a lot of $$ if I wanna convert..

from bursamalasysia website.

me too. i can felt that once this acticle is release the worse is over for LCL. see today price.

Damn, internet so slow at work. Errr.. that's good news? I can't access the stock prices.... what's happening to LCL's prices?