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.

This post has been edited by simplesmile: Apr 9 2009, 02:02 PM

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.

KLSe is due for a correction. In fact,... it's long overdue.

WTF, has it broken 930 yet?
If yes, then I show hand again.

RUN!! The sky is falling!

SAD LA!
I'm standing on the sidelines watching this bull run.
Should I show hand now??!?!

I sold all my stocks yesterday. Q lower to buy back but didn't match.

I feel like want to show hand on Heveaboard.

Does anyone know how I can download the closing prices of ALL the counters in KLSE? If not all the counters, at least those on the mainboard.

Thanks.

Why is the P/E Of PBB = 7.6 while the P/E of BCB = 13
Is PBB cheaper compared to BCB?
Is BCB overvalued because of the Najib factor? People rushing to buy this stock without comparing with other banking stocks?

In the screenshot below, can anyone explain to me what is "Upper Limit Price" and "Lower Limit Price"?
Is this the price that will trigger suspension of the counter? Thank you.

Anybody knows when GM's due to file bankruptcy? I think I'll be staying on the sidelines until then.

Oh boy, I thought I was going to become a millionaire with COMMERZ-CF. Check out my blog.

I got the chartnexus software,... but how do I export the EOD prices into Excel or .txt file?

Market so steady.... so boring.

Seems like selling pressure in the market has softened.

wth.... another green day. i've sold off my portfolio last week waiting to buy. this rally is much longer than expected. i think market will keep on rally cos of the change in accounting rules in US, banks are reporting higher than expected profits, even though these profits are fake. Market in US has been pushed down by real, fundamental negative news like GM going for bankruptcy. Then the fake financials from banks save the market and push up the market.

The sell CI isn't falling as much as I expected. Later surely Valuecap, EPF, Sukuk... all continue to pump $$ into the market to prop up the share prices. My guess is CI will defy all odds and close GREEN again. ~Sigh~

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Added on April 15, 2009, 12:33 pmActually sai lang means "all in". Like when you bet all your chips in a poker game.

This post has been edited by simplesmile: Apr 15 2009, 12:33 PM

Don't worry. Our KLSE will end in green tomorrow. It's too important to fail, if you know what I mean.