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 Stock market V22, Small Fishes Gathering

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cherroy
post Apr 2 2009, 03:43 PM

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Quoted from CNBC
QUOTE
British house prices rose for the first time since October 2007 in March, the Nationwide Building Society said on Thursday, but the lender cautioned against jumping to conclusions about a housing market rebound.

Nationwide said house prices rose 0.9 percent on the month in March after a 1.9 percent drop in February, taking the average price of a house up to 150,946 pounds ($216,500).


This is a very good news!

If US housing also stablise, then we can see the end of the crisis soon.

cherroy
post Apr 2 2009, 03:48 PM

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wow, look at HSI, up near to 1K!
cherroy
post Apr 2 2009, 04:00 PM

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QUOTE(kb2005 @ Apr 2 2009, 03:49 PM)
Hi guys,

Should i sell Genting now ? My avg is 3.76. Now already 3.98.
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I can eliminate one option for you.
If sell then you will use the money to buy tomorrow then better don't sell. tongue.gif

Sorry fellow remisiers, spoil your business. tongue.gif biggrin.gif


cherroy
post Apr 2 2009, 04:19 PM

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QUOTE(yeeeeko @ Apr 2 2009, 04:16 PM)
Wah market flying away jor.....Najib so keng!!!!!
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This is what we call timing makes a hero, a hero no matter how good he/she is, cannot make the timing.

It is more about globally stock market are improving. We are up less than most regional bourses if you look around.
HSI up >7%!
even STI also >6%
cherroy
post Apr 2 2009, 04:26 PM

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QUOTE(sampool @ Apr 2 2009, 04:21 PM)
i think najib father feng shui is really good leh, if not how come. yawn.gif
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Indeed, his political career also very smooth until to the top.

Now he inherent the worst economy situation, the only way is going up, unless some special circumstances or mess it up only.

Just like stock market, after dropping 50% 70%, the chance of going down more become lesser, while the chance of going up is higher, unless one mess up with it.

cherroy
post Apr 2 2009, 04:29 PM

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QUOTE(lifeless_creature @ Apr 2 2009, 04:24 PM)
the rebound looks to be so real...could this be another bear rally??? but indicators is showing things are bottoming...eg. pending home sales up, china lending's up, PMI stable, ...
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We has not go beyond the bear territory. Be it for DJ or KLCI.

It is still the bull within the bear zone.

Stock market rally because of sign of bottoming. But bottoming doesn't mean must be up straigh up, it can be flat or tilt to slightly up only as well.

cherroy
post Apr 2 2009, 04:40 PM

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Or we can sum up like that.

A bull in bear zone is much strong and faster than a bull in bull zone.

A bull in bear zone is like 100m sprint.
A bull in bull zone is like marathon.

Volume approaching 800 millions, something we had not seen quite a long time. rclxms.gif

Too bad for Resorts, no follow through buying for the whole afternoon even market keep on going.
cherroy
post Apr 2 2009, 09:25 PM

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QUOTE(mo_meng @ Apr 2 2009, 09:01 PM)
actually i dont really know how the rigth issues work .. so i din touch it if can
but supposing after it was issued, the price will goes up
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After ex, it may go up because easier to push up from lower price range. The number of share although already increased, it has not been in the market.

Wait until the right issue being placed out and actually in the market aka being given listing, only then you will see the pressure.

Immediately, you won't see the pressure of selling as number of shares still the same.

Added on April 2, 2009, 9:29 pm
QUOTE(ABC2020 @ Apr 2 2009, 09:10 PM)
dont know what will happen to maybank tomorrow!
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No effect from the above information, it is just the lodgement date which company registrar will determine who is the shareholders to entitle for the right issue.
Price has been adjusted on 31st already when it is ex-right.

This post has been edited by cherroy: Apr 2 2009, 09:29 PM
cherroy
post Apr 2 2009, 10:04 PM

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If by changing accounting rule then already can rescue the bank or no more bank problem, why not done it earlier? whistling.gif


cherroy
post Apr 3 2009, 10:54 AM

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QUOTE(lklatmy @ Apr 3 2009, 10:42 AM)
Axiata----what a name,celcom sounds much much better.
Anyway,my colleagues has given it a new name----A-ji-a-jor
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Do you know how they come out with such a lame name? sweat.gif
No offence.

Added on April 3, 2009, 10:57 amAiseh, market like 100m sprint only, not marathon as said before, so fast party over, not even a 200m race. biggrin.gif

This post has been edited by cherroy: Apr 3 2009, 10:57 AM
cherroy
post Apr 3 2009, 11:50 AM

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QUOTE(andy888 @ Apr 3 2009, 11:43 AM)
yayaya
bought zelan at 0.630 today

sold at 0.690 just now ,,,, hohoho

really goreng stock
rclxms.gif  rclxms.gif  rclxms.gif  rclxm9.gif  rclxm9.gif  rclxm9.gif
*
WooHoo, andy888 is back.

Share mana mana put boleh beli. biggrin.gif
cherroy
post Apr 3 2009, 11:54 AM

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QUOTE(kmarc @ Apr 3 2009, 11:51 AM)
Edit : Wow! Huge buying Q for MRCB....
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Don't look at the Q, look at the actual transaction done.

Q can be fake one especially when it is under gorenging time.
cherroy
post Apr 3 2009, 02:04 PM

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QUOTE(simplesmile @ Apr 3 2009, 11:56 AM)
Do big sharks do this?
1. For example, XYZ counter. Buy in large quantities pushing the price from 0.50 until 0.58.
2. Small fishes greedy, jump in to queue 0.575, 0.57, 0.565....
3. Shark sells to small fishes, and makes profit.
4. Shark leaves the counter and target a different counter.
5. Small fishes gets impatient and sell at a loss.
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2. yes, people will see 0.55 is cheap because drop from 0.58 but forget it was 0.50 when started. So they can even sell at 0.52.

5. If it is like that still ok. Mostly will be stuck there for months and years without any dividend, nor anything else. Somemore if situation worse, apa pun tak ada, delisted.
cherroy
post Apr 3 2009, 04:11 PM

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QUOTE(mo_meng @ Apr 3 2009, 03:59 PM)
genting up a bit only .02 ma resort also down .01 ma

Added on April 3, 2009, 4:00 pmalthough they related but cannot expect to be all the way same
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They are different now.

Resort - merely Genting Highland hotelier and casino, cash rich, no liability

Genting - Resort + UK Stanley, Singapore new casino/theme park, not as cash rich while high expenses/liability due to massive expenditure on Singapore side.

The later 2 of Genting is dictating how Genting share perform in near future.
cherroy
post Apr 5 2009, 09:35 PM

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QUOTE(ABC2020 @ Apr 4 2009, 11:50 PM)
2. CIMB, GLC, Symphony House Bhd, Johan Holdings Bhd, Sapura group, Hong Leong group, Paramount Corp Bhd, TH Group Bhd, Dijaya Bhd, MMC group, DRB-HICOM, Hiap Teck Venture Bhd, Mamee Double Decker Bhd, Delloyd Ventures Bhd, Yeo Hiap Seng Bhd, Nylex Bhd, Hong Leong Industries Bhd, Daiman Development Berhad.
3. Razak brothers has been involving in banking, will they have the upper hand in the bank mergers? Obviously, there are conflict of interest between PM in waiting/Finance minister with CIMB CEO, how are they going to resolve this conflict?

4. Quek's Hong Leong bank will have upper hand in bank merger? (Rumour on merger of Hong Leong and Public bank)

5. Will Second Finance Minister, Tan Sri Mohamed Nor Yakcop stay on?

*
QUOTE(kb2005 @ Apr 5 2009, 10:28 AM)
Good information but too bad, don't know which counter to focus on! Anyone got the idea ?
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2. Daiman is always in my favoruite list as long term dividend stock. (not a suitable goreng counter if one looks for it, it is a sleeping counter)

QUOTE(dreams_achiever @ Apr 5 2009, 12:27 PM)
Be careful. Dun over optimistic.
There are 3 elections ahead on Tuesday. Market rally will pause awaiting for election results.
If BN lose all 3 elections, imagine what will happen to KLSE? DOOM!  sweat.gif
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Recent rally in most bourses are simply going a bit too far now. My opinion only. Resistance for KLCI can be seen around 93x level.

Don't think market will doom even if BN lose 3. Insignficant in term of political risk from the by-election. It is about global economy effect or recovery story now.

Also don't think it will be 3-0, Sarawak is the strong foothold for BN.

QUOTE(dreams_achiever @ Apr 5 2009, 08:52 PM)
Haha..very interesting.
I bet 1-2. Predict BN will lose 2 elections while win 1
To make more interesting:
3-0 = 1000 -> Pay 1:100
2-1 = 950 -> Pay 1:50
1-2 = 900 -> Pay 1:25
0-3 = 850 -> Pay 1:10  whistling.gif
*
You guys/gals really punter kaki. It become like football betting now. laugh.gif
Jangan..
cherroy
post Apr 6 2009, 10:50 AM

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QUOTE(chyaw @ Apr 6 2009, 10:35 AM)
God know! for long term, now still worth to buy. I only plan to sell when KLCI reach at least 1400, and I'm not in a hurry to sell. My buying almost finish jor. Next buying will be based on my monthly saving as my FD almost exhausted... sweat.gif
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It could be taking years to do it. smile.gif
My guess could be 3 years or more before we can see a robust growing.

Economy is still in diagnosing and recovering stage.
Globally is deleveraging and try to find a solid and sustainable level and build and start over again.

Although we cannot rule out, but it is very unbelieveable to see market straight recover back in a year or 2 after suffering the worst financial crisis in our lifetime.

3rd and 4th, we should see some better economy data due to massive of amount stimulus package around the globe.

cherroy
post Apr 6 2009, 01:40 PM

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QUOTE(chyaw @ Apr 6 2009, 10:52 AM)
3 year? My target is 5 yrs! That's why it is call long term investment mar! When market reach that level, I'll switch most of my money to gold!!!
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What I mean 3 years is economy start growing normally, but stock market and share price might not go up to previous high. It can go up from current level but not necessary exceeding or level with previous high.
cherroy
post Apr 6 2009, 01:58 PM

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QUOTE(panasonic88 @ Apr 6 2009, 01:46 PM)
@cherroy
what's that under your username? new feature ka?
*
Ya, new feature, which show which area of moderation one is more active and responsibility of.
cherroy
post Apr 6 2009, 02:17 PM

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QUOTE(simplesmile @ Apr 6 2009, 02:10 PM)
I read an article last week in the Star, stating that Foreign Funds now owns less than 20% of the total equity on KLCI. This is good right? Market should rally when the FF comes back, right? So should buy now and wait for FF to come back?
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They won't come back so quick. Remember financial market is still under deleveraging process. It is not a quick fix.

Nearest history, when recession hit or previous stock market downturn during 2002-2003, it takes about 3 years or so before we see significant FF movement which drove up KLCI until 1500.
cherroy
post Apr 6 2009, 02:56 PM

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Market softening.., so does regional market.

93x is a strong resistance level.
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