This week US goin for bull or bear rally?
http://biz.thestar.com.my/news/story.asp?f...77&sec=business

Extract from the link above
"This week, investors will parse through corporate results from the likes of Dow component Coca-Cola Co and entertainment and media giant Viacom for further details on corporate prospects in 2009. So far, 286 companies in the S&P 500 have reported results for the latest quarter, with 58% beating estimates and 34% missing the median Wall Street forecast, according to Thomson Reuters data.

Illustrating the extent of the economic weakness will be the latest batch of data this week, including a report on international trade from the Commerce Department today and a report on consumer sentiment due on Friday.

“It’s going to be horrible news on earnings, it’s going to be horrible news on economic statistics,” said Michael Pento, senior market strategist at Delta Global Advisors in New Jersey.

“The biggest thing I’m looking for is what form Timothy Geithner’s plan is in,” Pento said. “What does his bank rescue plan look like.”

Tech stocks a standout

Financials helped spur the rally late last week, but the week’s other standout was the technology sector.

So far this year the five biggest weights on the Nasdaq – Microsoft Corp, Google Inc, Cisco Systems Inc, Oracle Corp and Apple – have seen their shares rise, while the S&P 500 has fallen 3.8% during the same time. In coming days, investors are looking to the Treasury to aid the battered banking sector, seen as key to invigorating the economy, now in the second year of a recession.

“Sentiment in the financial sector is very, very important, and we’re all anticipating Monday (today),” said Paul Nolte, director of investments at Hinsdale Associates, in Hinsdale, Illinois.

The Treasury said on Feb 2 that it had already disbursed US$294.92bil from the Troubled Asset Relief Programme, but it has made further pledges that would leave it with about US$320bil to tap. The Treasury is due to release its January budget on Wednesday.

How the Treasury deploys the remaining US$700bil financial bailout, approved by Congress in October, will be outlined today by Geithner.

“It wouldn’t surprise me if it had some kind of capital injections or some kind of government guarantees,” Pento said.

He added that other measures were possible, such as “a plan to take these assets off the banks’ balance sheets and put them in an aggregate bank that’s owned by the government.”

The sustainability of any rally will stem from the details of the economic stimulus and bank rescue plans, which Obama hopes to pass by mid-February."


Anyone has link to show all dates when US going to release its economic & industrial data tat will effect stock market price?

I wanted to buy MMC last time around Rm1.00 but bought Zelan instead
Saw its movement and vol going up ... already got the feeling it will go up.. but didnt expect can go up till +50sen so fast!
Now MMC abou 1.55 liao...tats about 2X Zelan price..

You still holding MMC? Huat lo u..
Zelan still stubborn not moving much yet.

This post has been edited by viper88: Feb 10 2009, 10:54 AM

I tot Resort already one of the index linked counters.
Bought at 2.25 den today c up abit den sell off all at 2.27. Didnt expect Resort can go up till 2.30..
Made little profit nia.. swap to my favourite counter again..

Dang.. now only get the news on Resorts.. sia..i sold all my resorts ady.
Wanted to keep for long term investment but i love Zelan more...
Those who have resort at around 2.25 now sure happy lor.. may extend up to 2.46

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0431 GMT [Dow Jones] Resorts World (4715.KU) +1.8% at MYR2.30 in heavy volume, turns higher after briefly falling to MYR2.24 earlier; dealers cite bargain-hunting, add expectations of positive FY08 results also offering support. "Resorts will be reporting it full year results at the end of the month. Consensus FY08 net profit is at MYR1.29 billion. Already, for the first nine-months, Resorts posted a net profit of MYR1.02 billion," says one dealer. Resorts' daily charts fairly bullish, according to Dow Jones technical analysis. Stochastic and MACD turned bullish last week while RSI has hooked up at 52. If Resorts closes above MYR2.27 today, good chance of stock extending gains in coming days or weeks to test Jan. 6 high of MYR2.46.(VGB)


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(END) Dow Jones Newswires

February 10, 2009 23:31 ET (04:31 GMT)

Copyright © 2009 Dow Jones & Company, Inc.
==================================================

EPF still buying Zelan.. today announcement bought Zelan at 30/1/2009 . price range around 0.81- 0.88.

=========================================


2283 ZELAN ZELAN BHD
Changes in Sub. S-hldr's Int. (29B)

Particulars of Shareholder 36

Name : Employees Provident Fund Board
NRIC/Passport No./Company No. : EPF ACT 1991
Nationality/Country of Incorporation : Malaysia

Address:
Tingkat 19, Bangunan KWSP
Jalan Raja Laut
50350 Kuala Lumpur

Descriptions (Class and Nominal Value):
Ordinary shares of RM0.50 each


Name and Address of Registered Holder:
Employees Provident Fund Board
Tingkat 19, Bangunan KWSP
Jalan Raja Laut
50350 Kuala Lumpur


Details of Changes

Date of Notice : 30/01/2009

Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 30/01/2009 Acquired 150,000 -


Circumstances by reason of which change has occurred:
Purchase of shares

Nature of Interest:
Direct

Consideration:



No of Shares Held After Changes:
Direct : 55,331,000 shares (9.8200%)
Indirect/Deemed Interest : 0 shares (0.0000%)
Total : 55,331,000 shares

Remarks:
Shares managed by Portfolio Managers:-
(i) AmanahRaya JMF Asset Management Sdn. Bhd. - 900,000
(ii) CIMB-Principal Asset Management Berhad - 4,899,300
(iii) CMS Trust Management Berhad - 22,500,000


Submitted By:
SUHLA AL ASRI


11/02/2009 12:18 PM
=========================================================

This post has been edited by viper88: Feb 11 2009, 12:53 PM

if buy many units, with 0.5 sen oso can get profit ma.. using Jupiter.

Coz Genting yesterday have big vol seller and US drop alot.. resorts also drop till about 2.20 recentl. feel can swing trade ma

MMC went up alot.. feel Zelan also can go up more so swap to Zelan.
Yeah i also bought some MPHB for defensive play abit. Its company shares buy back quite strong

This post has been edited by viper88: Feb 11 2009, 04:19 PM

Yeah.. shoot too much ady today.
Need time to recover.

U r better lo.. got to sell at 2.31. Profit alot.

I sold mine at 2.27 only..
Only made rm200 - 300... if sold at 2.32. can get RM 1400 profit...

Dunno when the 2nd malaysia stimulus plan will kick in. construction sector will get good boost.
US futures up 32....hopefully 2nite US market will rebound.

Its price buying up quite strong.. 2.28 - 2.33.
Hmm.. i feel can buy this counters since its financial year end report goin to be out end of the month.

[Consensus FY08 net profit is at MYR1.29 billion. Already, for the first nine-months, Resorts posted a net profit of MYR1.02 billion," says one dealer. ]

Buy on news and sell off after report out.. or sell close to last few days before report out...
Feel got chance to hit close to recent high of 2.46.. just my feeling only la...

Arggh... why i sold my Resorts so fast..

Good la.. if u want get more profit coz lesser brokerage charges ma..

0.05 % or RM 8 brokerage fees.


0.05 X 100K only RM 50
0.42 X 100K RM 300.

Jupiter Buy + Sell >100K only about RM 100..
Others Buy + Sell > 100K about RM 600++

Penang got.. try check its website or their office.


This post has been edited by viper88: Feb 12 2009, 12:55 AM

So far so good.

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Added on February 12, 2009, 10:32 pmWow... ur portfolio so many stock counters. alot of eggs inside basket...
Which eggs hatch ady?

Mine only 2-3 counters only.

This post has been edited by viper88: Feb 12 2009, 10:32 PM

Next Monday Najib will announce mini budget plan. Construction will get better boost.
I swap from Resort to Zelan at 0.795... now got to see some unrealized profit ady..

Zelan moving up slowly.. 0.825/0.83.. i think someone alot money buying slowly to get good price and avoid seller re-queue sell at higher price.

I hope Zelan can break its recent high of 0.95.. if go up RM1 den. shiok la.
EPF faster buy Zelan in bulk

U miss the boat. Next time dun hesitate..

we jump, u oso jump in...

CI +9.. up lo....so many glc counters up ady..c next monday... i feel chances to go up is very high..
time to place your bet... Small or Big.. Opss .. up or down?.