To be accurate, most charge 0.15% for intraday.

Still the same ie. Rm12 or Rm28 (as normal rate)

Steel counters might need longer time frame, as they need economy recovery insight which only then steel price will go up and capacity utilisation being improved.
Short term it more plays on stimulus packages short term boost.

I don't think so, US is not Malaysia, they don't need to have market to look good for the image.

My opinion, it is more about technical strong support which Dow has in the region of 7900-8000 level, which previously also bounce off from it level,

Yesterday, already rebound 200+ points straight away after reaching 79xx.

Over the long term chart, strong support is seen at 7,600 which has to be tracked back to 911. If it breaks, then

Chart qouted from Yahoo finance.




Attached thumbnail(s)

There are at least 3-4 previous support level that can be drawn out which in the region of 7500-8000.

Below that, from the chart, no support level can be found except in the region of 5-6K which formed during 1996-1997.

Chart qouted from Yahoo finance.




Attached thumbnail(s)

People goreng O&G and GLCs, this one also join other's goreng or goes up as well.
Hey, oil and CPO doesn't go up leh.

It is a buy transaction ie. people Q to buy at 1.25 (20 lots) first before being thrown (then become 2 order of 50 lots on sell side) which become seller Q now.

---

Added on January 16, 2009, 4:17 pmGoreng fire being damped, or "hangus"ing?

This post has been edited by cherroy: Jan 16 2009, 04:19 PM

No, it already up much earlier generally. People won't buy last minute for the sake of dividend because share price will be "-ex" out, which you gain nothing yo buy just before before ex-date.

For those countries that has 4 season (like UK, US etc), their time clock is adjusted forward/backward 1 hour at March and October, as according to late/early sunrise/sunset during the season changed.

Malaysia/tropical people generally doesn't know that.

I only knew and fully understand when I stayed there before.

This post has been edited by cherroy: Jan 18 2009, 09:54 PM

Yes

A cold winter for the steel industry.

From thestar,
Many steel mills, including our Megasteel Sdn Bhd and Amsteel Sdn Bhd, are now running at about 30% to 40% capacity,” the spokesman said.

Dow below 8000 won't be the end of the world, 5000 below may be but that would be means more pain and disastrous for the economy, by then we might see a lot of company goes under.

Chance is slim because with pro-longed weekend CNY holiday, less people would like to commit too much especially punters. So we might see some low volume ahead.
Anything happens more on after CNY holiday or after the holiday packed week.

Because you don't want to be holding some "goreng" over the CNY while watching overseas plunging, right?

Just my view.

Buy on rumour, sell on news always right.

Obama's rally happened during the beginning of the year, now with Obama inauguration actually taking place, those optimistic feeling suddenly gone.

Market will be consolidate or even heading more south if situation worsen in near term.

He just said don't expect miracle to happen on economy, it won't be get fix overnight or months.

Real bull only will emerge after sometimes, not now, not tomorrow or next month. In between there are some relief rally, technical rebound, oversold rebound etc.

If look back further, it just goes back to previous before Jan mini-rally, while KLCI now still higher than Dec.

So the drop is not that severe, so not much relief as well.

Fear?
Surely, we have retrenchment here and there, while company gives massive long holiday to the employee (unpaid), while some cut down allowance etc, everything is point to pessimistic side.

But having said that, without too or overly pessimistic around, you or we can't get cheap stock.

May be just because yesterday jack up price during the close.

With an unexpected bigger rate cut and significant reduction on SRR on bank, BNM tells us economy data might be very very bad. It is a very drastic move which since I born, Malaysia never had this kind of low interest rate before.

This post has been edited by cherroy: Jan 22 2009, 09:22 AM

hey, during 1997 crisis, FD rate was 12~14% ,(<--- some measure advice by IMF.. to fence off the currency attack), some more freebie is given out during FD placement, like free 1 years Astro subscription etc.

That's one of the reason KLCI plunged to below 300, as with double digit FD rate, why want to put your money in stock market?

Only after impose currency control, only then BNM can lower the interest rate afterwards.

Actually, current situation is much more complicated than 97.

As in 1997, it was Asean related countries into problem while those doing export business are doing very good due to RM plunged significantly. So at least export is good which still jobs around. Now we had both front slowdown, export + domestic (because retrenchment + previous hyper inflation has dented the consumer confidence).

Even layoff foreign workers also will impact on local economy because nowadays those foreign workers market are quite big (shops especially those old fashion grocery store, handphone store will feel the slow sales even those selling prepaid card one)