Look to sell into this bear market rally

http://www.btimes.com.my/Current_News/BTIM...icle/index_html

really the market can tahan but since dow drop nearly 300 points. no effect. just wondering for how long it can tahan. if DOW drop another few hundred points see how.

wondering how many stimulates plan/packages the govt can bring out in the near future. As Yap Cheng Hai (grandmaster of fengshui) say/predicted in June the govt/company will have depleted all the cash flow they have in no time.

HIT AND RUN MARKET. IT JUST LIKE GAMBLING TOA SAN(GOD GAMBLER) in casino OR KU SAN (GOD OF STOCK MARKET) gambling in stock market for now.

better becareful bcos alot of hidden news/info of alot companies whether in debt or have serious problems, it would hide from outside world/market until cannot tahan then only disclose. insider know but investor dont know.they know upfront and we dont know. invest blindly will be severely damage later on

better find out more indept first before going in to invest in the companies.

do anyone think if all the money of malaysian household invest in the market will be able to boost the market, better think again, the percentage is very minimum only. in order to boost the market need to have big foreign capital and not local funds. For asian style of investment is day trading style (Hit and Run). people who dont always see the market might have a long term investment return but not for those who is too close to the market and hand always ichy watching the market (9-5 daily).

Some maybe remisier but as seen some looks like working in the wrong company instead of share market (browsing the stock market more than the remisier even the big player/md also dont see the market oftenly). using company time to do personal investment.

very minimum percentage for malaysian to hold long term, out of 10 maybe 2 only.

even bank negara also cannot tahan have to lower down interest / blr again and again. there is alot of hidden/transparency things which outsider/investor dont know yet. the thru effect is not out yet.

there is good and bad effect of lowering down the interest rate.

alot of unnecesary $$ wasted in election campaign etc

Recently have anyone heard news that genting or resorts can't serve the bank loans/borrowings for the newly casino in sentosa

alot of hidden news have yet to disclose yet. better becareful

This post has been edited by lowyat888: Feb 25 2009, 04:12 PM

just wondering thru out the historical market downfall, which downfall the fastest time for the economy to recover? 1 yr/3yr/5yr 10yr time

This post has been edited by lowyat888: Feb 25 2009, 04:25 PM

wait for another quarter result to come and see. this yr will be worst than the recent quarter result announce for all the counters

what can the next pm do? if cannot perform at all also will step down. just like new US presiden step in also market go even lower until today.

it cannot do anything. dont be so excited about the new PM as see how he perform. time will tell.

the next 2 quarter definately will be bad. better look and see. malaysia market have not fallen at all (just minor percentage as for the past few weeks) compare to other asian countries that have fallen alot. so it will come a time to fall drastically as history repeats.

bank have been lower their blr from time to time and dont even dare to commit and it means the economy is no good. the longer period of the FD interest is even so low just imagine how good will the economy be in the near future.

malaysia boleh mah its also in time to come it just used up all their reserve funds to support the market.

boleh


This post has been edited by lowyat888: Mar 2 2009, 11:57 AM

is the stock market in for another circuit breaker?

the shares looks like not moving at all

our market still have alot more to go down bcos the last time the lowest were below 800 points and still have not fallen compare to other regional market that had fallen alot.

some counters still 1 dollar above the lows

still have alot to fall and see how long the companies can hold the shares as well as EPF to support.

if this stimulus package dont work just like the recent US stimulus package announce , drop further more the next day.

Dont depend on the stimulus package to much, and the next pm, it will turn out to be hopeless as predicted.

Our country always dont have the fore sight people (followers) and always act as a followers, alter abit here and there and will become another package. only care about their own benefit and some formality to show the people is doing their work

Cannot depend on local funds to boost the market especially when a companies is near to announced quarterly result,who become pm, election etc it will divert attention to other news announcement like capital repayment, dividen, payback etc +- here and there to subside the percentage loss quarter result announced. Rights here and there.

Actually all this is to the company advantage not the shareholders. go big round and come back nothing +-. beat around the bush and complicate those shareholder who have no knowledge of it.

for the next 2-3 quarters result what companies will make profit in this economic crisis/ recession time. percentage will very low right. so more downturn to come in the market

does not make sense right

This post has been edited by lowyat888: Mar 2 2009, 05:14 PM

the market always at the end of the day pushup the some index counters to dress up the market and then the next day to prevent it from dropping further.

this will not help much and it wont sustain long. somebody just jackup the price last min.

so have to be very careful. its just jacking up the price.

better dont touch the market yet its not stable yet.

what level is yr cash reserve still have?

our market still have not drop back to 800 points below yet as it was come up from that level. just minimum drop only.

dont care about what election who wins (as alot of $$ have dump into the election and have no $$ left) and who will be the next pm also no use. as can do nothing even who become pm.

just wait for the day epf/ khazanah have depleted their reserve, as they keep continue buying the shares. and ran out of $$

This post has been edited by lowyat888: Mar 3 2009, 11:33 AM

Buffett: US economy will be in shambles this year

NEW YORK: Billionaire Warren Buffett said the economy will be "in shambles" this year, and perhaps longer, before recovering from the reckless lending that caused the worst "freefall" he ever saw in the financial system.

Stocks and the economy will rebound, and the best days for the US are ahead, said Buffett, chairman of Berkshire Hathaway Inc, in his annual letter to shareholders yesterday.

Buffett said he'll spend the recession shopping for new investments for Omaha, Nebraska-based Berkshire.

"The economy will be in shambles throughout 2009 - and, for that matter, probably well beyond," said Buffett. "Though the path has not been smooth, our econo-mic system has worked extraordinarily well over time."
Buffett, an informal adviser to President Barack Obama, said the consequences of the US housing bubble are now "reverberating through every corner of our economy".

Gross domestic product shrank at a 6.2 per cent annual pace from October through December, the most since 1982, the Commerce Department said last Friday.

Late last year, "the credit crisis, coupled with tumbling home and stock prices, had produced a paralysing fear that engulfed the country," said Buffett, 78. "Fear led to business contraction, and that in turn led to even greater fear."

Berkshire's fourth-quar-ter net income fell 96 per cent to US$117 million (US$1 = RM3.69), the firm said yesterday.

Book value per share, a measure of assets minus liabilities, slipped 9.6 per cent for all of 2008, the worst performance under Buffett's watch, on the declining value of derivatives and the stock portfolio.

Berkshire shares have plunged 44 per cent in the past 12 months.

The Standard & Poor's 500 Index will probably gain in three-fourths of the next 44 years, just as it did in the period since Buffett took over Berkshire in 1965, he wrote. The benchmark dropped 38 per cent last year, the most since 1937.

"We enjoy such price declines if we have funds available to increase our positions," Buffett wrote.

"Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down," he said.

Berkshire's cash hoard was about US$25.5 billion at year-end, down from US$33.4 billion on September 30.

Buffett disclosed increased holdings of Posco, Asia's third-largest steelmaker, and Sanofi-Aventis SA, France's biggest drugmaker. Berkshire sold US$4.77 billion of equities in the fourth quarter to help fund private deals for preferred shares in Goldman Sachs Group Inc and General Electric Co.

The sales included shares of Johnson & Johnson, Proc-ter & Gamble Co and ConocoPhillips, holdings that, Buffett wrote, "I would have preferred to keep." - Bloomberg

http://www.btimes.com.my/Current_News/BTIM...icle/index_html

Ringgit gains on central bank buying speculation

MALAYSIA’s ringgit gained on speculation the central bank bought its own currency after it declined to a three-year low.

The ringgit headed for the biggest gain in more than a week as some traders said Asian central banks in the region entered the market to defend their currencies. The weaker exchange rate isn’t unique to Malaysia and reflected the strength of the US currency, Bank Negara Malaysia Governor Zeti Akhtar Aziz said in Kuala Lumpur today.

“It looks like a concerted intervention effort in the region,” said Wan Suhaimi Saidi, an economist at Kenanga Investment Bank Bhd in Kuala Lumpur. “The market participants are wary that the slide this week has increased the chances they will step in to stabilise the markets.”

The ringgit gained 0.5 per cent at 3.7115 per dollar as of 10.52am in Kuala Lumpur, according to data compiled by Bloomberg. The currency earlier slipped to 3.7350, the weakest since February 2006.
Bank Negara Malaysia intervened in the foreign-exchange market to ensure orderly market conditions, Zeti said in August last year. Such actions were not meant to affect its underlying trend, she said. She didn’t comment on intervention measures today.

Malaysia’s central bank has spent US$34.5 billion of its reserves to support the ringgit, causing a 27 per cent drop in the holdings since the end of June, HSBC Holdings Plc estimated in a report on Feb 18. In percentage terms, Malaysia was the most aggressive among Asian central banks in defending its currency, it said. - Bloomberg

http://www.btimes.com.my/Current_News/BTIM...icle/index_html

Ringgit depreciates 4.5pc against US dollar

http://www.btimes.com.my/Current_News/BTIM...icle/index_html

IJM-warrant is going to expire soon and zelan had alot of IJM shares and warant, so if ijm shares cannot go up and the IJM-warant is good as dead.

Conversion price of IJM-Warant is Rm4.80 to IJM mother shares.
IJM warant market price is 30 cents + conversion price RM4.80 = Rm5.10 for IJM shares but market price of IJM shares is RM3.50 only.

and the price is far away from the market price and if IJM goes down to Rm2.18 from the previous low there is no hope for the warant left. IJM is still above RM1++ from is previous low see whether is still can maintain or not. EPF buys alot of IJM shares and also have alot of IJM-warant.

so zelan will it affect its prcing or not u figure it out.

IJM esos price is Rm3.90. as the directors is holding alot and market price below the ESOS price RM3.50

for the construction sector like gamuda fro previous low is Rm1++ but now is around rm1.90
still have alot of room to fall.

ytl, ijm all from rm1++ above there previous still have room to fall.

When recession time will hit construction sector first but until now still have not yet.

30 largest ijm-warant holder
http://www.ijm.com/ir_30_warrantholders.htm

30 largest ijm holder
http://www.ijm.com/ir_30_shareholders.htm

ijm share buyback
http://www.ijm.com/ir_share_buyback.htm

ijm director dealing
http://www.ijm.com/ir_directors_dealing_08_09.htm

ijm previous share price
http://www.ijm.com/arc_share.htm

substantial shareholder
http://www.ijm.com/ir_subshare_dealing_09.htm
http://www.ijm.com/ir_subs_share.htm

ijm share capital
http://www.ijm.com/ir_share_capital.htm

This post has been edited by lowyat888: Mar 4 2009, 12:18 PM

Zelan (previously was tronoh) previous bought bulk IJM shares from IGB at the price of Rm4.90. whereas for IJM-Warant, zelan should have IJM-warant from its mother share IJM. from its listing of IJM-warant at how many IJM mother shares should entitle how many warant were given.

zelan par value only rm0.50. 50 cents shares

down jones dropping more than 100 points already

This post has been edited by lowyat888: Mar 5 2009, 10:39 PM

weekdays share market and weekend/public holidays genting.

public holidays always jam at genting no parking and alot of people want to fatt. to compensate the loss in share market (get some pocket $$)

This post has been edited by lowyat888: Mar 6 2009, 11:28 AM

beware of blue chip companies will use the privatise method to privatise its company at a low price. for those investor who are holding the shares from high price will have no chance to recover if it privatise at a lower price.

does not mean blue chip counters are good, what happened if it really privatised at low price. the companies do not need to take out so much $$ to push its stock backup, better privatised.