my screen only got red colour!!!

Haha.. 

TMI was down 37 sen but now going back up quite fast. Time to ride the boat?   

hand very itchy to buy... - maybe got artificial support only for a while... ppl got to dump since last 3 trading days got good bull volume...

It just mean investors are still not confidence which there are more retailers compared to fund managers are buying into the market at the moment.

Another point is that I don't see why market should go all the way just with a toxic plan announced. It can help to cure the financial mess, but it is not an instant miracle medicine.

Do company instantly getting lot of orders from overseas because the toxic plan? No
Do people get more job and unpaid leave is cancelled because of toxic plan? No
Do most people (especially electronic related) work 5 days as usual compared to 3/4 days per week because of toxic plan? No
Got OT or operators? No.

They key turning point for the economy and stock market (which usually ahead of economy 6 months or earlier) is job creation and spending power. If you don't create more job and more income which increase the spending power, those goods manufactured by factory has nowhere to go. Eventually corporate profit won't be improving so does stock market which is basically rely on corporate profit level to determine its share price.

Don't get me wrong, the plan is positive for economy and financial market. Just like I said before, the plan is good for financial company shareholders, bad for gov and taxpayers, even if it is a good plan, it is not an instant 100% surely will work.
You know confidence is something a very strange thing, sometimes, it works, sometimes it doesn't, very hard to explain. But destroy it, just matter of split second, or a few event then takes years for re-building.

Basically, the whole world need to build up confidence to spend again but not on leveraged spending just like 2-3 years ago. Now we know previous few years of spending and economy growth especially in US is just a smoke in the air, it is not real, but build on leverage which is not sustainable.
Now we just to go back the rebuilding.

Lets say u buy 1 unit of TMI now at 2.35, then hold it until rights issue, what will become of your 1 unit of TMI. Will your 1 unit become 1.12 ?? Not sure what the 5-4 rights mean. Means u get 5/4 share at 1.12?? so pelik how to calculate 5/4 share?

Just wanted to share this.

Read this in the comments section of Yahoo Finance.

"Subject: Economic Solution

This was an article from the St. Petersburg Times Newspaper on Sunday. The Business Section asked readers for ideas on "How Would You Fix the Economy?"

I thought this was the BEST idea....I think this guy nailed it!

Subject: Economic Solution

Dear Mr.President,

Patriotic retirement: There's about 40 million people over 50 in the work force-pay them $1 million a piece severance with stipulations.

1) They leave their jobs. Forty million job openings - Unemployment fixed.
2) They buy NEW American cars. Forty million cars ordered - Auto Industry fixed.
3) They either buy a house/pay off their mortgage - Housing Crisis fixed. "
  Makes sense haha  except it'll cost trillions. 

If you have 4 shares of TMI, you are entitled to buy 5 rights for RM1.12 each.

If you have 4 shares of TMI, you are entitled to buy 5 rights for RM1.12 each.

but if u only have one?? will your 1 share become 1.12

hmmm...SEALINK...nice reversal yesterday...today gain with volume.. according to TA, can already get in... but in today markets maybe they jack u p the share like ASIABIO then it's a one/two day affair after that history...all way down...

If you don't buy the price will drop to

[Price at Ex*4 + 1.12*5]/9

You will lose more, if you don't buy.

If you have 1 share, you are not entitled to buy anything. Which will ultimately make you lose because everyone will be subscribing to the shares.

Rights issue is like that, if you don't support it, then sell your shares. If you want to hold on to shares, then you better buy extra make sure you have enough to be entitled to the rights.

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Added on March 25, 2009, 9:31 am

ASIABIO is MESDAQ counter, TA don't work with MESDAQ because of lack of volume.

hmmm...SEALINK...nice reversal yesterday...today gain with volume.. according to TA, can already get in... but in today markets maybe they jack u p the share like ASIABIO then it's a one/two day affair after that history...all way down...

Good observation.

In the case of Asiabio, many people got burned real bad. Was above @ 0.3 just a few days back. Now trading @ 0.085/0.090 only.

when is ex-date?? Itchy to play TMI but looks like very dangerous if don't have enough bullets.

looks like TMI coming back up again. Missed boat already.