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 Stock market V23, New PM in the house

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aurora97
post Apr 8 2009, 08:10 PM

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QUOTE(elhh82 @ Apr 8 2009, 07:26 PM)
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
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QUOTE(SKY 1809 @ Apr 8 2009, 07:41 PM)
Yesterday, I had to key in  in 3 times to sell my LCL at 57 sen, when the buyer was at 57.5sen.

First 2 times went missing, the last one was matched  at 58sen.

A bit lucky though.

I called up my broker a couple of times to confirm. A broker back up sometimes helps.

Internet trading is not full proof platform.

Just to share.
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i suggest you file a claim against Bursa Malaysia via your stock broker, should give Bursa some headache.

who knows they might pay u?

This post has been edited by aurora97: Apr 8 2009, 08:10 PM
aurora97
post Apr 9 2009, 09:21 AM

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CIMB Research...

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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.
aurora97
post Apr 9 2009, 12:58 PM

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QUOTE(thken @ Apr 9 2009, 12:49 PM)
hey, i heard CIMB gonna take over Maybank......is this true?
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i think this topic had been going on somewhere around the BII n Pakistan Maybank deal.
aurora97
post Apr 9 2009, 01:59 PM

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QUOTE(Junior83 @ Apr 9 2009, 01:28 PM)
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  sweat.gif
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$$$2.5 drool.gif 2.5 drool.gif 2.5 drool.gif 2.5 drool.gif $$$

I really hope your gut feeling is right...

but i am shifting gears looking into plantation again, waiting for it to collapse keke...
aurora97
post Apr 9 2009, 02:08 PM

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i doubt it the local market will be hoodwinked by FF especially when they only control 20% of the equity market for the time being...

With ample amunition in stock from the 2nd stimulus pack, soverign funds like EPF, ValueCrap aand so on may have sufficient funds to discourage such attemps to deliberately manipulate the market (on a grand scale).

this is however the reverse in the futures market.

simplesmile:

drool.gif by the way good call on LCL, any thoughts of cashing in yet drool.gif

This post has been edited by aurora97: Apr 9 2009, 02:10 PM
aurora97
post Apr 9 2009, 02:43 PM

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oh look the market is taking off..

look forward to a crash tomorrow.. keke..

This post has been edited by aurora97: Apr 9 2009, 02:43 PM
aurora97
post Apr 9 2009, 02:56 PM

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QUOTE(yeeeeko @ Apr 9 2009, 02:52 PM)
If we look at bjcorp recently goldman sachs has been acquiring shares and vincent tan has been disposing. Not sure whether goldman sachs r still buying now contribution to the price increase??
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sometimes its hard to say whether it is actually Goldman whose buying or selling, to tell you the truth if your rich enough and your a big enough bank... you don't have to reveal your underlying client.

So the front cover may be Goldman, but the person pulling the strings may be vincent tan

especially prevailant in Omnibus accounts.

This post has been edited by aurora97: Apr 9 2009, 02:57 PM
aurora97
post Apr 9 2009, 03:08 PM

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QUOTE(whizzer @ Apr 9 2009, 03:00 PM)
Hmm... isnt that money laundering & against the law somewhere ?
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it is a form of money laundering and also possibly market manipulation but to prove it is all together a different matter because not only is it international but its covered with layers of dirt. Most likely any attempt to find the true entity will lead to one brickwall and another brickwall.

normally..

the KYC policy is only very basic and only go so far just to scratch the surface of things. If a person or entity were to hoodwink a local bank or IB, its not all that difficult... you just need someone wif inside knowledge on how things work.
aurora97
post Apr 9 2009, 03:11 PM

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QUOTE(tessei @ Apr 9 2009, 03:08 PM)
Every week seems wanna to crash but since 2nd week of march CI is moving on..
all stock seems getting pricy (some already break double bottom pattern..)

major boat passed by...

confused??  rclxub.gif

hehehehe
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Whats the rush, i personally don't think this type of trend is sustainable... its like sugar rush in a state of euphoria.. but once a person starts sobering up, u'd see the horror of things.

On the reverse of it, i could be wrong so don't quote me but I am betting on a final mother of all crashes.
aurora97
post Apr 9 2009, 03:42 PM

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QUOTE(cherroy @ Apr 9 2009, 03:21 PM)
It is not considered money laudering at all in this way.

Goldman Sachs is a investment bank (not become holding company), they can just buying based on request from some clients.
Whether they actually own or not own or buying based on their decision, we don't know.

Just like you buy a share let say xyz through M2U, the record will show M2U is the one buying xyz, not you.

In actual investment world, it is much more complex, just a simple illustration.
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say Mr. vincent a Malaysian had open an account with Goldman using his 888 company as a client, he directs Goldman to invest in Malaysia.

Isn't there hints of Laundering?

Some may legit investment reasons doin so but unless proven otherwise than we will need to know the reason and intention of why a person is doing such.



This post has been edited by aurora97: Apr 9 2009, 03:44 PM
aurora97
post Apr 9 2009, 04:18 PM

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The cabinet that will decide on the future of BN, Umno dan rkn rkn sepejuang.

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aurora97
post Apr 9 2009, 04:47 PM

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QUOTE(cherroy @ Apr 9 2009, 04:36 PM)
Until there is a prove, not guilty until proven.

Thing is dead, human is flexible, so it depends on creativity of the human.

The law cannot question why a person want to do this do that. You need prove to show it is or its intention to do so, then only guilty. That's all, full stop.  smile.gif
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haiyoh this arguement somemore, sometimes crime you don't have to wait until you see smoke than shout got fire. If enforcers have to wait until they see fire than only act, there wouldnt be anything left!

There is a need to strike pre-emptively or to demand for more documentation, there is no harm to be over-zeleous with enforcement in the name of transparency. The fear is only the people who launder illicit gains through the system.

Our anti money laundering act has the sufficient power to deal with such circumstances, problem is the Banks lack the will power or the manpower with the requisite training to carry out and execute or coporate with regulators in relations to such matters.

It an open-ended arguement.

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aurora97
post Apr 9 2009, 05:16 PM

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QUOTE(SKY 1809 @ Apr 9 2009, 05:08 PM)
Imaging if all banks  ask you for a copy of income tax form before accepting FD deposits.

6  months down the road, there would be a bank crisis.

More right issues on the way.

Saying is easy, no doubt.
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errmm u referring to my comments or something else?

QUOTE(cherroy @ Apr 9 2009, 05:15 PM)
We can open a topic debate on this. It is a long long arguement/discussion, no doubt about it.  icon_rolleyes.gif

Got smoke surely got fire, but need to pin-point the fire site (prove) before fire-fighter can go to rescue/tackle.  tongue.gif
Got smoke then straight away phone to fire department but no actual site given, then you will be accused of reporting fraud.  biggrin.gif

As said by SKY, look simple, but doing it time, not that simple.

We should back to stock market chit chat then. OT too much.
Cheers.  smile.gif
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for the record, there is no offence for any BaNK in Malaysia to report any Money Laundering Activity (regardless whetehr suspected or atempt) if reported to BNM FIC unit.

So like i emphasize before, the mechanism is there just that Banks r reluctant to cooperate for fear their precious customers may get hauled up.

Simple examples of KYC..

An office clerk whose monthly income is only RM 2500, can buy shares in a company worth millions.

Basically Money Laundering provisions captures anyone who is potentially living beyond ones means, furthermore the question is the where the source of the money is coming from can easily prove ones guilt or innocence.

Believe me if one person is charged for anti Money laundering provision, that person is in a world of hurt.

Like the recent "snatch theft" who wasnt recently convicted under the anti money laundering provision.

****

Anti Money Laundering Act 2001

Protection of informers and information
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This post has been edited by aurora97: Apr 9 2009, 05:28 PM
aurora97
post Apr 9 2009, 05:24 PM

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anyone has any thoughts on Palm OIL actually quite dumb founded, i actually thought it was going to head south... it seems day by day its gaining ground and getting stronger, what i fear most is the possibility of hitting the 3K mark.

think i will pick up some IJMP and HSP stocks just to be extra sure and avg down if need be.
aurora97
post Apr 9 2009, 05:32 PM

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QUOTE(SKY 1809 @ Apr 9 2009, 05:22 PM)
The law cannot apply differently to diff color of people.

otherwise it would become unjust.

Some bodies would be on top of the laws.
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Sorry Cherroy but i think Anti Money laundering provisions needs some further explanation.. since its after market hours, i think you can let it slide abit.

****

Anti Money Laws are designed specifically to target those people whom are creative enough to use any means possible to cover their criminal activities, in my own personal opinion I feel that to some extent it may be draconian but it is necessary evil.

(Same like ISA, but this is on a Civil level)

Even though the provisions are there, like i said again and again the Banks (including mine) isnt doing enough or closing a blind eye on things.




This post has been edited by aurora97: Apr 9 2009, 05:33 PM
aurora97
post Apr 9 2009, 05:36 PM

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QUOTE(whizzer @ Apr 9 2009, 05:32 PM)
Maybe office clerk strike Toto  rclxms.gif
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obviously u can produce some sort of receipt and Toto won't be that so careless as not to record your details before letting you off with the winnings...

Anti Money Laundering a necessary evil because...

If authorities are slow to act or the criminal gets wind of authorities taking action imagine the PDRM Commercial Unit taking action, they are not only over-worked but the backlog is horrendous, the money could be half way around the world by than.

You'd be suprised the Investigating Officer normally comes from BNM and SC, they are quick nimble enough to counter launderer's moves but sometimes maybe draconian.
aurora97
post Apr 9 2009, 05:49 PM

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QUOTE(SKY 1809 @ Apr 9 2009, 05:39 PM)
ISA is created for the opposition.

I think ONLY one BN went into the jail under ISA in the history.

Why BN is losing if no one breaks the law ?

The people looked stupid in the eye of the Law, supporting those are breaking the law ?
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chill brother, i don't like it as much as you do what is going on behind the wayang kulit and all...

than again some ppl have to cari makan and all, close one eye and they get through life without any problems especially from their superior...



aurora97
post Apr 9 2009, 10:19 PM

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QUOTE(cherroy @ Apr 9 2009, 08:20 PM)
Banks has no obligation to report any million of deposit that putting in. Also they can't prejudice on it, someone bring a few million in to deposit, bank can't straight away know and suspect it is "black/dirty money", right?  wink.gif what if the person is really rich one through legitimate way?

If we are talking about small community in a small village, possible as you know who is rich or doing busineses or really rich one by doing legitimate in a small community.
But now we are in million of people in KL city area. How do you know he/she is not rich or those money is not obtained through legitimate way. We don't know and having a clue on any stranger come to the bank to deposit or doing financial transaction.

Banks are just doing business, they are not authority, banks will cooperate to reveal if there is an evidence and requested by the authority. If not, they can't do much about it.
It is the job of authority to tackle it through proper set of law, rules and regulation, and action.

Also bare in mind, it is a breach of privacy if banks blatantly exposed customer deposit or banking activities.

No doubt and agree money laundering is a serious issue which need to be tackled. But it is not easy task to tackle, financial tools become more and more complex days by days. 

Even ponzi scheme is rampant with internet age which ponzi scheme is run on full daylight and openly, but still it is hard to tackle. Not to mention the money laundering issue which often being done more profession way than ponzi scheme.

Cheers.  smile.gif
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doh.gif nvm... u guys got it wrong.

i think i have to open a thread on this topic.
aurora97
post Apr 10 2009, 11:41 AM

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missed the plantation boat T.T cry.gif cry.gif cry.gif
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