beauitful

magician Najib? maybe he kept his magic wand jor.

i think bursa fked up their system.

their new system with the last done price was designed to prevent price manipulation at closing but this was exactly what happened.

If you look at the top counters in klci, all of them had trade that were executed during the closing session (last 15 mins) that was lower than the last price before the closing session.

and the best part it, when i tried to sell at their last price, their system screwed up and wouldn't execute my trade.

I was selling a low volume counter, ICAP to be exact.

Last price was 1.44, the higher buyer queued at 1.45 (20 lots), and there was a buyer at 1.44 (40 lots).

I sent an order to sell 35 lots at 1.44. By logic, the system should match me for 20 lots at 1.45 and 15 lots at 1.44. But nothing happened, i couldn't cancel, called my broker and they couldn't do anything coz the bug happened at bursa.

Looks like i found a bug in their system. Hehe

At least DJ show us some hope tomorrow.

Though my gut tell me RESORT will dam sure goto RM2.5 by July/Aug, i still wanna watch the price  daily in case it shoot up so i can achieve my tp earlier 

new cabinet announcement would be out by 4PM, wonder how would it affect our market 

dow future is green +72.00

I just thought of something and I'd like to share with you guys. Give me your feedback.

I went to a free preview talk by one of the local traders. She said her trading strategy is to follow the money. Follow the money means following Foreign Funds. From my memory, this is how it works. FF will come in to buy the shares... then goreng it up. At high price, it will slowly sell 80% of its shares. Then the last 20%, it will sell aggressively to make the price fall alot. Small investors will get scared and follow to sell. Then when time is right, the FF will start buying up cheaply again.

I don't know if what she said is true or not. But if it is true, then maybe our market hasn't bottomed yet. This depends on what the FF wants to do.

A few weeks ago, The Star pointed out that the FF has less than 20% equity in the stock market. If what the speaker said is true, then will the FF use this last bit of shares to sell down the market?

Look at Oct 2008. Our market crashed. Many counters price dropped alot. The problem is, at that time, the FF were selling because they wanted to repatriate the capital back to US. Not because they wanted to profit. So even when prices were low, they still sold.

The speaker's analogy: Sell 80% to take profit, then sell 20% to crash the market.
What happened: Sold lots of shares to repatriate capital back to US. Now left with less than 20% equity.

What will the FF going to do with the remaining shares? Will they sell down the market, or will they sell these remaining shares at the best price they can get to minimize their losses or maximise their profit? Remember, they didn't profit enough when they sold their earlier shares.

If FF take first action, then market hasn't bottomed yet. If FF takes second action, then likely market has already bottomed.

I don't think FF are so co-ordinated in their action. Maybe if only one major FF in the market, then they can manipulate or if they target specific counters. I think the case of selling/buying in the whole market more like a herd movement thing rather than co-ordinated effort to crash the market 

I cashed out LCL @0.57 today. Waiting to buy back @0.56 but seems like it's not coming down. Unlike yesterday, it was yo-yo up and down. Let's see if it comes down tomorrow. If my plan works out, I end up with an extra 600 shares.

did you know that genting is losing money in overseas such as england?

yeah i knew that and i think they stop losing money

MR MARKET=LYN MEMBERs=UNDECIDED UP/DOWN (for the moment)
- prefer market CORRECTION ATM