I think sustainable for a while because many people are dumping US dollars for oil now,
as US is going to purchase at least 1 Trillion US Dollars treasury bonds and mortgage related securities to save their economy.
This might make the US Dollars less attractive .

This post has been edited by sharesa: Mar 20 2009, 12:23 PM

OPEC foresee the oil price to be around USD60 in the end of year

Based on previous few weeks pattern and history, KLSE will turn red after lunch

Maybe time to buy PBB to stock up slowly. Just received PBB dividend yesterday in my account. KNM dividend not yet received. Planning to stock up BJTOTO as div counter also.

Hmm.. why Resorts refused to go green?

Stay cool is not the time yet
.. its going to hold til 28th march.. i guess. from there.. will decide the fluctuation shooting up or down

just instinct

Still green as of now.

Why 28th March?

Tug-of-war @1.910/1.920 since morning.

Why 28 March ?

Same question here.

most likely a dividend announcement..

some companies have a pattern (although i didnt check resorts specifically) but if u look at consistent paying dividend cters u will see they always pay more or less around that time.

Share Buy Back in between 1.92 - 1.99 just happen last week 10th to 12th March 09 and that clears off a little activities to calm the fluctuation graph and besides is almost the end of this quater soon. All in the planning of the next move starting the new quater..

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Added on March 20, 2009, 3:00 pmThanks for mentioning that part.. lolz.. exactly.. pattern ..

Anyway, just an Instinct .. still ... investigation still in progress

This post has been edited by lsmpro80: Mar 20 2009, 03:02 PM

personally i think Resorts (though the current economic climate) will not want to hoard its more than huge enough war chest with cash.. at the end of the day the only beneficiary of the monies will be the gov.

more likely than not with the continued share buy back schemes and consolidation of grip by resorts over its own shares.. there is possibility a dividend will be announced and the monies will be recycled back into the companies coffers. OR...the constant grap for shares could hint possible privatisation move by the company &rakan2 suhabat resorts.

hhmm... it can be that way too. "recycle act" ...

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Added on March 20, 2009, 3:12 pmguys check it out

This post has been edited by lsmpro80: Mar 20 2009, 03:12 PM

Hmm.. but who are doing the selling in huge volume?

Wow.. the huge buy queue @1.910 suddenly gone.

This post has been edited by Freelancer: Mar 20 2009, 03:14 PM

400 lots in a shot of 5 seconds..
huge selling taken up ..

Fyi, dividend has been proposed (4 cents) when its last reporting its 4th Q result. Just it need to go through the paper work for the dividend payment date only which will be announced later on.

Unless company make a U-turn to reject its own dividend proposal.

Cherroy actually i had no clue, i just heard rumours they were going to announce something, but i just look at future potential.

its good to know thanks for the info.
i agree with u, the 4 quarter reports have to go through AGM (normally in April unless they r damn efficient they can make it in the March window) be4 anything said earlier becomes official.

unlikely for corporate giants to make u turns once they announced something (*fingers crossed*), no only is it embarrassing but perceived as bad for business.

Can believe Resorts down today while most other "popular" counters are green.

Within 10 mins, Resorts suddenly down to 1.900 already.

its poist to go deeper.. actually.. after the dividend payout .

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Added on March 20, 2009, 3:26 pmi just bought 5 lots @ 1.93 yesterday

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Added on March 20, 2009, 3:26 pmsame act as treasury


Red is coming.. and the storm outside too.. what a sync

Well Well .. its the same old last day of trading for the week pattern again..

Many counters queue with lots of seller now..

This post has been edited by lsmpro80: Mar 20 2009, 03:29 PM

Maybe there are some insider news that we haven't been informed yet.

Resorts down not only itself but also negatively affecting its 3 children too.

A lot of people got burned.