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 Stock market V23, New PM in the house

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Grengo01
post Apr 16 2009, 04:25 PM

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QUOTE(cherroy @ Apr 16 2009, 04:22 PM)
Then you need to hibernate for few days and weeks.  biggrin.gif

They have successfully goreng up, they won't let go instantly. In between they will still goreng it, so that they can clear stocks more easily. If they let go totally, then nobody will buy, by then how they can dispose their holding.

It will be awhile before goreng season ended, it won't end instantly.
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hmmm... hibernate.. good idea... I think sentiments if dampened, they will be the ones to be goreng-ed... anyway, my thoughts, if this is consolidation its good where profit taking is being cushioned by active buying, but look at the quantity being taken up.. small pockets here and there... maybe they are feeding ikan bilis now before they harvest the bilis and dry them....
Grengo01
post Apr 16 2009, 04:27 PM

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anyway, got 20k of Johan @ 30sen.. just to keep me excited on the bourse.. otherwise watching it with no purpose...
Grengo01
post Apr 16 2009, 04:28 PM

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FKLI really over-reacting la...
Grengo01
post Apr 16 2009, 04:38 PM

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QUOTE(cherroy @ Apr 16 2009, 04:31 PM)
The problem of current market rise is that, all activities are concentrated on penny goreng, non solid fundemental counters as said before, even the like of small cap, daily volume transaction is so enormous which there is not possible to have this kind of free float of shares trading out there. The only explaination is that, there are lof of day trade, even triple trade, aka in and out frequently within hours in between.
This kind of speculaion behaviour is very hard to predict the stock price movement, so traditional consolidation phase, correction theory is very hard to put into them.
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I believe you are right in the sense that based on pure speculation these ppl trade intra hour itself and send the market into a very erratic direction and hard to predict. But in any "healthy market" juxtaposed against current scenario that they are penny driven.. any retracement to shake off some cobwebs without hugely impacting the index is healthy even in a <removed> driven market as today. Rotational plays come into view and as ikan bilis, you catch the rotation or you get rotated.. smile.gif
Grengo01
post Apr 16 2009, 04:41 PM

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I do not believe red army will overun the market today...it will at best finish a tad in the red... or if past few days hold true.. .it will jet up a few points just to keep the momentum.
Grengo01
post Apr 16 2009, 04:50 PM

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Actually what I was trying to say was, there can still be correction without huge impact on the CI becoz they would be rotational play which is good la.. if all lam together then... we bilis become snacks lor...
Grengo01
post Apr 16 2009, 04:52 PM

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QUOTE(ABC2020 @ Apr 16 2009, 04:50 PM)
penny counter still stuck over there...


Added on April 16, 2009, 4:52 pmanyone jump in now.......
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penny counter does not influence the CI... smile.gif.
Grengo01
post Apr 16 2009, 05:00 PM

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TNB, Commerz all holding the CI firm la.... others got fried.... so.. how many in here kena goreng today? instead of doing the gorenging?
Grengo01
post Apr 16 2009, 05:06 PM

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I think penny stock in for a big big roasting tomorrow.... real blood will be shed... those who bought Tuesday/Wed will be burnt beyond recognition.. and those who bought morning of Thursday... well... probably comatose by tom afternoon.
Grengo01
post Apr 17 2009, 09:14 AM

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Cautious day ahead.... tread with caution... do not see any good coming out today unless some syndicate decide to goreng some stocks...

Fund mgrs and institutional buyers may want to support the CI.

Switch off and go back to work... smile.gif
Grengo01
post Apr 17 2009, 09:33 AM

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Shaking off greedy contra players now probably sweating.... so those who bought on Wed/Thursday... can hang on till Monday or cut loss.. smile.gif. My suggestion.. borrow from anyone you can and hold on.. the bull aint dying still some loads of charging left with some encouraging and positive results coming out (ie shrinking less than expected.. hmmm... thats good enough news.. haha.. )
Grengo01
post Apr 17 2009, 06:57 PM

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anyone sweating just yet?
Grengo01
post Apr 20 2009, 03:08 PM

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nin nia sing.... KNM park to buy at 51sen din jadi... not around this morning... sigh... I thought today RED will permeate the scene... second block at 48sen... all tak jadi... sigh.... sit and watch again...


Added on April 20, 2009, 3:10 pmSo.. anyone bought big time this morning??? rich liao.. kekekeke...

This post has been edited by Grengo01: Apr 20 2009, 03:10 PM
Grengo01
post Apr 20 2009, 03:15 PM

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Jumping in to SAAG @ 22sen... anyone???? 20k only... smile.gif.
Grengo01
post Apr 20 2009, 03:18 PM

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QUOTE(cute_boboi @ Apr 20 2009, 03:13 PM)
No, like you, late  tongue.gif  忍
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Cilaka la.. this week every morning I got to be onsite interview la... knn... summore thurs/fri wont be around going to Manila... really cipolek...
Grengo01
post Apr 20 2009, 03:21 PM

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Nvm trap trap la... got my SAAG @ 22sen... this one can see volume pretty high everyday.. holding well... can't wait for it to go down to 20.5.. LOL...
Grengo01
post Apr 20 2009, 03:24 PM

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QUOTE(Junior83 @ Apr 20 2009, 03:21 PM)
at @.22? too risky.. or u got insider news  smile.gif
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no la.. made 3 rounds liao... playing the cycle... just got some news gonna goreng... but after 3 rounds of 2-3sen profit each round din see real big time goreng.. so just hoping it will come sooner rather than later or none at all.. LOL...


Added on April 20, 2009, 3:28 pmBuy and keep la this one... looking at the buyers I think this SAAG still got loads of Nitrous before it fizzle out. If can make a few more rounds then good lor....

This post has been edited by Grengo01: Apr 20 2009, 03:28 PM
Grengo01
post Apr 20 2009, 03:40 PM

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okay.. okay.. thats all... running out for a short meeting... back in about hopefully before market tutup.. looks like DBHD can also go in.. itchy.. itchy...

Grengo01
post Apr 20 2009, 10:52 PM

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QUOTE(kb2005 @ Apr 20 2009, 08:32 PM)
Good news! CI continue to be green i hope. biggrin.gif
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For CI to stay green, they need to only concentrate kau kau on a few counters... TNB, MBB, Telekom, Commerz.... others all can bleed for all they are worth... smile.gif.
Grengo01
post Apr 21 2009, 09:52 AM

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KENA GORENG liao.. L&G and MKLand....

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