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 Stock market V23, New PM in the house

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kb2005
post Apr 9 2009, 07:10 AM

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QUOTE(David83 @ Apr 9 2009, 06:16 AM)
DJIA closed higher: 7,837.11 +47.55 +0.61%
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Not so bad performance! Need CI to response today after two days RED!
thkhong
post Apr 9 2009, 07:20 AM

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I bought Tebrau @0.415. It is link with Iskandar devt. and being Khazanah owned. So to me safer than KNM on a short term basis. I also hve KNM.

Terbau had been steady for the whole of yesterday and only got my order matched towards the last few mins. Can be a goreng counter in short term though I hve locked in another batch at 0.425.

Motto choose stock that has some potential. Goreng if time is ripe but oso can keep if price goes down.

Just my policy (sori not "my 2 cents". Ha..ha..ha...) No offense though.
dsugums
post Apr 9 2009, 08:03 AM

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Oil below $50. Plantation stocks might get a beating today. I expect KLSE to be red today, at least marginally.
sampool
post Apr 9 2009, 08:21 AM

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remember my poem.

This post has been edited by sampool: Apr 9 2009, 08:21 AM
Junior83
post Apr 9 2009, 08:43 AM

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QUOTE(dsugums @ Apr 9 2009, 08:03 AM)
Oil below $50. Plantation stocks might get a beating today. I expect KLSE to be red today, at least marginally.
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phew, sold Sime yesterday sweat.gif .. might re aim it today

kingkong81
post Apr 9 2009, 09:11 AM

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Market very very slow...

Waiting for Najib announcement of new cabinet line-up
aurora97
post Apr 9 2009, 09:21 AM

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CIMB Research...

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tessei
post Apr 9 2009, 09:27 AM

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TOPGLOVE really flying unstoppable...
viper88
post Apr 9 2009, 09:27 AM

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KLSE green today.. going up again.. icon_idea.gif

MRCB and ZELAN.. big vol buyer done... pushing up price again today.

This post has been edited by viper88: Apr 9 2009, 09:29 AM
chyaw
post Apr 9 2009, 09:29 AM

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Sob sob... I wanted to buy Ezra previously, but change my mind to buy another counter instead (due to my heavy exposure in O&G stock in M'sia). Now Ezra fly jor!!!

QUOTE(aurora97 @ Apr 9 2009, 09:21 AM)
CIMB Research...

» Click to show Spoiler - click again to hide... «

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panasonic88
post Apr 9 2009, 09:29 AM

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QUOTE(kingkong81 @ Apr 9 2009, 09:11 AM)
Market very very slow...

Waiting for Najib announcement of new cabinet line-up
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PM is seeing the King in the morning, announcement would be made by afternoon/evening.

so meantime, goreng goreng goreng! laugh.gif
chyaw
post Apr 9 2009, 09:34 AM

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I want to ask. Is there something wrong with Bursa system today? My main system M2U is dead (due to my company) and my backup system price also a bit funny. E.g. some counters got all the data, but some got missing data like last done price, high, low even thought there is vol...

ok! Now my backup system working jor!

This post has been edited by chyaw: Apr 9 2009, 09:36 AM
sharesa
post Apr 9 2009, 09:35 AM

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QUOTE(chyaw @ Apr 9 2009, 09:34 AM)
I want to ask. Is there something wrong with Bursa system today? My main system M2U is dead (due to my company) and my backup system price also a bit funny. E.g. some counters got all the data, but some got missing data like last done price, high, low even thought there is vol...
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nope. My M2U works normally

aurora97
post Apr 9 2009, 09:37 AM

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QUOTE(tessei @ Apr 9 2009, 09:27 AM)
TOPGLOVE really flying unstoppable...
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yeah recently i think i saw an article stating that the 2 by election victory by PKR, shows weakness in the existing Gov and could be a sign for political instability in the long run especially upcoming GE.

(Who know's one day putrajaya may be relocated to Kuching or Labuan in view of te possibility opposition capturing Putrajaya ?)*

It seems there's some heavy selling of RM and strenghtening of the USD, which indirectly is a Boom for TopGlove. I anyone wants to hedge their risk against RM/USD, would be wise to pick up some TopGlove shares.

So long as the USD keeps appreciating that is.



elhh82
post Apr 9 2009, 09:44 AM

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i think today is most likely just the last legs of the rally before it starts going down again. Trap for all the people who are picking up coz they are afraid to miss out. The volume is not convincing at all.

Unless we close near the highs on Monday, then that might be a different story.

Should be a good opportunity to clear all the stock and reload your bullets smile.gif

This post has been edited by elhh82: Apr 9 2009, 09:47 AM
TSfergie1100
post Apr 9 2009, 09:55 AM

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QUOTE(elhh82 @ Apr 9 2009, 09:44 AM)
i think today is most likely just the last legs of the rally before it starts going down again. Trap for all the people who are picking up coz they are afraid to miss out. The volume is not convincing at all.

Unless we close near the highs on Monday, then that might be a different story.

Should be a good opportunity to clear all the stock and reload your bullets smile.gif
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still early rite? may b the volume will pick up right after the announcement?.... but there is a sign of vol getting lesser by each day....
Grengo01
post Apr 9 2009, 09:56 AM

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waaa... away for a few days new thread.. smile.gif.

So, dear high punters... made millions yet????

E&O come ON!!!! LOL..
viper88
post Apr 9 2009, 09:59 AM

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I also feel the same... feel like KLSE ci will drop later evening like yesterday unless US futures very strong..
Tomorrow is friday... most of the traders will exit.


QUOTE(elhh82 @ Apr 9 2009, 09:44 AM)
i think today is most likely just the last legs of the rally before it starts going down again. Trap for all the people who are picking up coz they are afraid to miss out. The volume is not convincing at all.

Unless we close near the highs on Monday, then that might be a different story.

Should be a good opportunity to clear all the stock and reload your bullets smile.gif
*
elhh82
post Apr 9 2009, 10:01 AM

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QUOTE(fergie1100 @ Apr 9 2009, 09:55 AM)
still early rite? may b the volume will pick up right after the announcement?.... but there is a sign of vol getting lesser by each day....
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i feel that the rally is dying based on my analysis of the yen exchange rate. If you look at the Yen/Usd exchange rate, it correlates quite well to activity in the emerging markets. When the yen drop, there will be many foreign money going into the small markets, when it goes up, money dries up.

During the last 3 weeks mini-bull, yen was dropping, fast. Since monday, the yen in reversing the down trend and gaining again, and this coincides with the lower and lower volume in klse. So thats why i think this is just a last desperate push before turning back.

Of course i might be completely wrong. just my 2 cents. tongue.gif
TSfergie1100
post Apr 9 2009, 10:31 AM

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QUOTE(elhh82 @ Apr 9 2009, 10:01 AM)
i feel that the rally is dying based on my analysis of the yen exchange rate. If you look at the Yen/Usd exchange rate, it correlates quite well to activity in the emerging markets. When the yen drop, there will be many foreign money going into the small markets, when it goes up, money dries up.

During the last 3 weeks mini-bull, yen was dropping, fast. Since monday,  the yen in reversing the down trend and gaining again, and this coincides with the lower and lower volume in klse. So thats why i think this is just a last desperate push before turning back.

Of course i might be completely wrong. just my 2 cents. tongue.gif
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USD/Yen rate is now trading below 100 right? but how can i differentiate whether it's USD that's softening or Yen gaining?

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