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Stock market V23, New PM in the house
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chyaw
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Apr 13 2009, 01:45 PM
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I also don't really goreng. Use less than 5% of my investment for it. Since I'm not good in goreng, alway under cook (sell too early). Total goreng gain this year is around 1K+ Currently, want to sell off my mid term stocks (Warrants) and over heating stocks!!! QUOTE(jasontoh @ Apr 13 2009, 01:33 PM) I alwiz feel that those who play "goreng" all the time will lose more than they earn in the long run. Maybe they time the market right the 1st few times, after that, when they got burn, they are in for serious trouble. My colleagues are my living examples. Most of their capital shrunk since the market enter the bear sentiment. As for me, I'll choose for long term investment. Short term gain is long term pain. 
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chyaw
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Apr 13 2009, 02:00 PM
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I define them as stocks that when you buy, you don't think of keeping it. My all time goreng stocks are SAAG and Ramunia. Proton almost become my goreng stock when the price was 1.50+. Too bad, I already put my stake in SAAG and Ramunia at that time. My boss follow my advice and buy Proton for goreng. Less than a week, he got 20% capital gain. That's shows I got no luck in goreng... QUOTE(SKY 1809 @ Apr 13 2009, 01:52 PM) Sometimes it is quite hard to define Goreng stocks. To me, IOI and genting are also goerng stocks. Dare to buy only they are " cheap".
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chyaw
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Apr 13 2009, 02:09 PM
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Hi Neo, Are you following my advice? How many % you're dumping? QUOTE(Neo18 @ Apr 13 2009, 02:07 PM) i sold MASTEEL 22800 unit @ RM0.757.. waiting to off load my COASTAL @ 1.36
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chyaw
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Apr 13 2009, 03:01 PM
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Based on current trend, most likely I won't be able to sell anything...
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chyaw
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Apr 13 2009, 03:33 PM
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MBMR +UMW = Perodua QUOTE(! Love Money @ Apr 13 2009, 03:30 PM) beside proton, UMW and tanchong listed, perodua got counter also?
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chyaw
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Apr 13 2009, 03:50 PM
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My fear started last Friday. That's why dump my long term shares also. I think it is too early for KLCI to hit above 930. QUOTE(Junior83 @ Apr 13 2009, 03:46 PM) i feel fear now 
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chyaw
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Apr 13 2009, 03:51 PM
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Today's news on GM:
WASHINGTON (AFP) - - The US Treasury Department has told General Motors to make all necessary preparations for a possible bankruptcy filing by June 1, even though the troubled automaker insists it can restructure its business on its own, The New York Times reported.
Citing unnamed people "with knowledge of the plans," the newspaper said the instructions had been conveyed by members of President Barack Obamas automotive task force, who spent last week in meetings and on conference calls with GM in Detroit and Washington.
The talks are expected to continue this week, the report said.
According to the paper, the goal is to prepare GM for a fast "surgical" bankruptcy.
The automaker already has been granted 13.4 billion dollars in federal aid, and its managers are insisting the company's image should not be damaged.
The preparations are aimed at assuring a GM bankruptcy filing is ready should the company be unable to reach agreement with bondholders to exchange roughly 28 billion dollars in debt into equity in GM and with the United Automobile Workers union, which has balked at granting concessions without sacrifices from bondholders, The Times said.
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chyaw
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Apr 13 2009, 03:59 PM
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I don't know whether this is a good news or bad news... Just share with you guys... QUOTE(! Love Money @ Apr 13 2009, 03:54 PM) how bout investor and shareholder money?
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chyaw
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Apr 13 2009, 04:12 PM
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For those that interested in Axiata...
KUALA LUMPUR, April 13 - Malaysia's mobile phone operator Axiata Group <AXIA.KL> will be in a position to start paying dividends in 2011, a local newspaper reported on Monday quoting the company's chief executive officer.
"I'm not declaring this but in 2011, as a total group, we will be cash positive. So we will be in a position to do that," said Axiata's Jamaludin Ibrahim.
Axiata was formerly known as TM International.
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chyaw
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Apr 13 2009, 04:28 PM
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I dumped some of my KNM at 0.46... QUOTE(Ranny @ Apr 13 2009, 04:25 PM) scary..seeing them chew KNM .46 sen..
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chyaw
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Apr 13 2009, 05:03 PM
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Ha ha! Managed to sell closed to 10% of my total investment today. QUOTE(panasonic88 @ Apr 13 2009, 05:01 PM) today is a happy day for small fish.
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chyaw
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Apr 13 2009, 05:19 PM
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hi mo meng, Did you buy more Axreit lately? I don't think the price will drop unless KLCI drop below 860...
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chyaw
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Apr 13 2009, 05:32 PM
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Our biggest enemy is ourselves... QUOTE(ABC2020 @ Apr 13 2009, 05:30 PM) haiya.. dont marah marah..our enermy is big shark.
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chyaw
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Apr 14 2009, 09:01 AM
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As usual, DJ red, KLCI green... STI now also red jor...
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chyaw
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Apr 14 2009, 10:05 AM
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I also hope it will be red. I hope KLCI drop below 900... QUOTE(mo_meng @ Apr 14 2009, 09:58 AM) i got a buddy here hoping for red haha
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chyaw
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Apr 14 2009, 10:38 AM
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For long term investment, it depends on your faith on the company. If you think the company will not do well in the future, you better dump it even currently it give good profit!!! For short term, it depends on your risk appetite. QUOTE(mememe12 @ Apr 14 2009, 10:34 AM) just wondering what is the cut off point(how to cut loss) u all set? 10% loss then sell? 20% loss then sell? or loss how many % also keep as long as the company is not bankrupt?? or?
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chyaw
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Apr 14 2009, 10:52 AM
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I think mainly due to feel good factor. No real fundamental improvement from what I see... QUOTE(kmarc @ Apr 14 2009, 10:50 AM) Aiyoyoooooo..... market up again! Really happy but really sad too.... What's causing this rally? Better results from the US? Could it be because of Wells Fargo and Goldmann Sacs good results? Can't decide whether to ride this baby bull or unload soon...... 
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chyaw
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Apr 14 2009, 03:32 PM
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Err... what happen to jobstreet??? Any info? QUOTE(lklatmy @ Apr 14 2009, 03:30 PM) Anyone having Jobstreet shares,call your Remisier now to sell to buying in at 1.23 , can buy back from open mkt,last price is 1.15. Minimum must be around 2,000 units to make money
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chyaw
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Apr 14 2009, 04:18 PM
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It is time to choose a side! Upside or downside!!! I choose downside! QUOTE(sampool @ Apr 14 2009, 04:15 PM) the highest ci jump, the deeper ci will crash. Action and reaction. The pattent from 1500 crash to 830 will repeat? with starting point 950? 
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chyaw
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Apr 14 2009, 05:02 PM
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today dump another 10% of my stocks. Now, I got 40% cash 60% stocks!!!
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