Anyone having prob with M2U? I can login their stock trading platform, but no connection to their server. Tried restarting my comp, still same

KNM buying back massive shares. EPF has also still buying and got their leg stuck. The director also buying.

But the price still keep dropping

Too many contra players screwing up the price

Anyone into forex? I see that it is more worthwhile trading than in KLCI.

I already downloaded the FXCM demo account with real time quote. Still learning to read the trend and make use of the stop loss and limit orders, hehehe. The platform is really good and you and actually see the volatility of the movement and make our move to long or short.

Better than our stupid KLCI which does not give us any option to short (we are only expected to donate in a downtrend market).

OK, I did not realise it. Thanks

I will be on the demo account for about a month before making it to the real thing. hehe. Lost about $1500 1st few days, and now recovering the loses (now about $1000).

This post has been edited by dsugums: Dec 10 2008, 08:53 AM

Change tactic now, hahaha. Upgrade form local to international trading, hahaha.

Learning to trade Forex now. At least the market is 24hrs and can trade anytime (lose money oso anytime )

PA still moving lor and already broke the 0.50 resistance. Next stop is 0.535

Any news/rumours on this counter or plain goreng?

How long will the window dressing will last anyway?

Disposed my PA at 0.515. Got it yesterday at 0.475.

Trend still moving upward, but need to prepare for possible T3/T4 deliveries tmrw. Already up more than 50% last 3 days

Maybe can go in again when the price dips

This post has been edited by dsugums: Dec 11 2008, 05:53 PM

Just hope we dont end up with the bull-shiit instead

Next Monday maybe can get lower in the opening. Today probability high blood bath in DJIA. Monday sure our market will die at the opening.

Just hope the market does not kaput under low volume

Oil is up, so Monday CPO counters will push up the index. The rest of the counters can piggy back ride. E&O looks bottom out at 40 sen. Now hovering at 42.5 sen. NTA is extremely good. PA still looked bullish after retraced a bit for profit taking. Might continue the trend next week. Target at 60sen.

Actually, you still can do it. During pre closing for 5 minutes, place your 1 lot order a few ticks higher than seller price. Sure match and the last trading price will be based on the 1 lot

2nd session open 30 minutes late, but still close early Typical malaysian mentality, want to go back sharp 5pm

Just got my FXCM Micro account approved. Will start trading after the New Year break

Hopefully Forex will give me more angpows than the lazy Bursa. Initial capital for FXCM Micro US$25 If lose, only RM80

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Added on December 24, 2008, 10:00 amGot a feeling Bursa might get a micro mini rally today

This post has been edited by dsugums: Dec 24 2008, 10:00 AM

KUALA LUMPUR: WCT Bhd announced this morning that its 50:50 joint venture with Arabtec Construction LLC has been given a 14 days notice by client Meydan LLC to cancel a construction contract worth AED4.6 billion (RM4.3 billion) relating to the Nad Al Sheba Dubai Racecourse project in Dubai.

The JV between WCT and Arabtec, an Emirates-based construction company, was awarded the build-only contract from Meydan for the construction of main building works, external works and infrastructure works in September 2007.

Construction on the racecourse began in October 2007 and was expected to complete by October 2009.

According to a Reuters report citing a Meydan statement, the contract was cancelled "because of non-adherence to the agreed time schedule for construction". However, a spokesperson for WCT said the company has not been officially informed of the decision for the cancellation of the contract.

The Reuters report further added that Meydan was looking to commission other companies to construct the racecourse by 2010 for the Dubai World Cup horse race. The racecourse was supposed to be able to accommodate up to 60,000 spectators.

A WCT spokesperson said the company was not given a formal reason for the termination of the contract. He added that WCT was seeking remuneration for work already done, although the termination of the project was not expected to impact WCT's balance sheet.

"We are currently in the midst of negotiating a settlement to protect the interests of our company and our shareholders," he said. "The client did not indicate the actual reasons for the cancellation of the contract at a meeting we attended. However, the decision to cancel the project will only delay it further, by at least two months."

The spokesperson said that the monthly billing practice of the payment structure meant that the cancellation of the project would not significantly affect WCT's bottom line. WCT has received payment from Meydan for all work done save for the last two months, which was claimable against the client, he said.

While WCT is currently engaged in negotiations with Meydan to settle the outstanding balance, the company is also considering claiming reparations for what it considers to be a breach of contract.

The spokesperson said the contract was divided into two components: the direct construction of the one-kilometre long racecourse grandstand and the turf ("direct" works), and to coordinate the construction of "specialist works", such as the roofing, interior design and the landscaping of the racecourse.

The former, which is worth AED1.3 billion (RM1.2 billion) and handled directly by the WCT JV, was 95% done, WCT said. Some work had begun on the remainder of the project - the specialist works - but WCT said its investment into that area had been minimal.
[COLOR=red]
The Meydan racecourse is the brainchild of the ruler of Dubai, Sheikh Mohammed bin Rashid Al-Maktoum. He is also the vice president and prime minister of the United Arab Emirates.

This post has been edited by dsugums: Jan 6 2009, 02:25 PM

9679 WCT WCT ENGINEERING BHD
Suspension Of Trading

Suspension Of Trading
The Board of Directors of WCT wishes to announce that Bursa Malaysia Securities
Berhad has approved the Companys request for a suspension of trading of its
securities from 2.30 p.m. to 5.00 p.m. on 6th January 2009 pending a material
announcement pertaining to the cancellation of the contract relating to the Nad
Al-Sheba Dubai Racecourse Project.
This announcement is dated 6 January 2009.