thken reporting in

wow.... last min KLCI -11 pts 

beauitful

I think today very hard to predict. It can end up unchanged!

dj green, ci red.   

hope feng shui chart still valid. 

u know it when u receive thru postal,  a document from an investment bank or something telling u got the rights.

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.

oh look the market is taking off..

look forward to a crash tomorrow.. keke..

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.

We can open a topic debate on this. It is a long long arguement/discussion, no doubt about it. 

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

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. 

errmm u referring to my comments or something else?
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

US market is in good mood for Easter holiday coming out.

Well Fargo said will be reporting 3 billion of profit, boost the market.

But there are some negativity news in between also especially stress test on banks if found they need more bail out money can be a huge negativity factor. But the stress test will only be concluded end of this month.

at least we hv new tools for prediction, not need to depend on computer chart. 5000 years of feng shui history is more efficient compare to only about hundred years of candle chart. 

i thinking of attend class to learn feng shui. 

No matter what you bought a day before, you should make money today!

Those info are not for you to play contra

Just to point out that EPF & PNB go all out to support this counter, could be a reason for it. Maybe they are just the major shareholders controlling 68% 

Not suggesting anyone to buy.

Short term is very volatile with more share dilution on the way.

Always the problems of short Vs Long term , that blinds our vision. Celcom alone is worth rm 19 billions

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Added on April 11, 2009, 8:37 pm

You have good writings at your blog.

Keep up the good work.

Which counters that you bought last year did not fall ? When CI was about 1300 to 1500.

If KLK fell from RM 15 last year to let say RM 7 this year, it does not mean it is no good for new investors to buy.
Just your investment is no good, temp, or comm price was dropping ?

One thing, TMI had created quite a bad image of themselves, that gave to a lot of doubts to the investors. Overseas investments performance  are below expectation for example. Indo Currency was bad, now getting better.

Share investing  is about future, also it does not mean it is going to be better than DIGI for sure.

Just aim for a 20% return only. My way of investing, though my broker set a T/P of RM 2.50 longer term.

What is your objective ?

If they could change the color of the management, it is even better. KPI does not mean anything to me. Some said it is just mere rebranding.

CIMB is closing 60 branches, that is the reality of life. USA was deemed " land of the rich", now mostly poor.

Since we are in Malaysia, we have to believe " Malaysia Boleh" , that is.

USA cannot be poor as long as they can just start off their money printing machine, then all debt would be solved. 

In fact, China has trillion of USD reserves is poorer than US because they cannot use the money at all!
They can't sell the US treasuries (which is the main form of USD reserves) without political implication/ When you own something you cannot sell or use, it is as good as junk.
Sound harsh, but it is the reality.

anyone noticed that Vincent Tan & Goldman Sach start goreng-ing BJCORP? i believe BJCORP will stand above 90cents within 2-3 days.

Anyone monitoring Proton? Price has been going up lately, counter looks undervalued.