Thursday, July 31, 2008
Wednesday, July 30, 2008
9:42 am - FKLI drop as soon as short covering completed !
Let's see if FKLI can go higher above 1161.5
Tuesday, July 29, 2008
11:08 am - Look at August Contract
If you intend to short, short August . If you intend to long, go for Jul contract.
Here is the August contract, it is breaking down !
10 am - FKLI July is down !
Our long trade was out 1141.5. Luckily FKLI did not drop over 20 pts. Out with a small loss.
Monday, July 28, 2008
Friday, July 25, 2008
Thursday, July 24, 2008
5:16 pm - FKLI closed -8.0 pts.
Tomorrow FKLI will get very interesting as if it can break up or break down !
12:29 pm - Predicted low for FKLI 1,008 @ end of August 2008
Can this be true ! Using 11 week low for matching low prediction.
10:10 am - FKLI pullback to 1141.5 but not closing yesterday close @ 1142
I believe short trade is still intact. Clients have gone short !
Wednesday, July 23, 2008
5:23 pm - My newsletter recommend to LONG at 1124
I wonder how many of my clients notice that ! Again, it pays to read the newsletter.
I need my clients to notify this.
2:34 pm - FCPO had a huge selldown today before lunch !
Some of our clients shorted already taken profit before lunch. The FCPO selldown so fast !
11:54 am - FKLI has broken last high @ 1121
It look like it is going to go higher, there is volume in the trade. Can go LONG !
10:16 am - DJIA is finally reversed its downtrend
If you look back to its several days ago volume, there are significant volume in play. However, the DJIA may pause first before resuming its uptrend - meaning DJIA may lose some of its ground tonite.
10:11 am - M'sia inflation comment by Ang Kok Heng
RACING WITH INFLATION
Dear Investors,
For this month's Smart Money, our topic of discussion is 'Racing with Inflation'.
Malaysia inflation soared to 3.8% in May from 3.0% in April compared to prices a year ago. The situation should deteriorate further over the next few months after the 41% fuel prices hike in early June. Suddenly, all the price increases seem to come concurrently and they are the essential items such as our staple food; rice, steel for the construction industry and now petrol for passenger cars and diesel for the transport industry. After the cut in gas subsidy, electricity tariff has just joined in the race in July.
To counter the higher urban inflation and prevent further erosion of the savings there is an urgent need for urban folks to learn how to invest the passive savings so as to achieve higher returns. Keeping too much money in the banks will only lead to diminishing value of money which will value less upon retirement in real term. When coming to investment, average Malaysian will relate that to taking higher risk which may also mean losing more money instead.
It is true that there are risks in most investment. However, the risk can be mitigated by having a thorough understanding of the investment such as how it works and where the profit comes from. Investors need to spend some time to learn more about any investment products be it properties, stock and shares, unit trusts, structured products, dual currency or equity-linked notes. Talking to experienced professionals who understand the investment will help.
To achieve higher return and to race ahead of inflation, city folks may have to work harder to ensure the return of savings is higher than urban-inflation rate. Taking cognisant of that, investment will ensure that our passive money works harder for us. As inflation does not wait for us, the earlier we start to wake up from the laurels and let our passive investments work harder, the earlier we can catch up inflation. The first move is to open our mind to learn more about other investment products.
A thorough understanding of an investment product is needed before we start investing.
Ang Kok Heng ,CFA
Chief Investment Officer
Email: kokhenga@poems.com.my
Dear Investors,
For this month's Smart Money, our topic of discussion is 'Racing with Inflation'.
Malaysia inflation soared to 3.8% in May from 3.0% in April compared to prices a year ago. The situation should deteriorate further over the next few months after the 41% fuel prices hike in early June. Suddenly, all the price increases seem to come concurrently and they are the essential items such as our staple food; rice, steel for the construction industry and now petrol for passenger cars and diesel for the transport industry. After the cut in gas subsidy, electricity tariff has just joined in the race in July.
To counter the higher urban inflation and prevent further erosion of the savings there is an urgent need for urban folks to learn how to invest the passive savings so as to achieve higher returns. Keeping too much money in the banks will only lead to diminishing value of money which will value less upon retirement in real term. When coming to investment, average Malaysian will relate that to taking higher risk which may also mean losing more money instead.
It is true that there are risks in most investment. However, the risk can be mitigated by having a thorough understanding of the investment such as how it works and where the profit comes from. Investors need to spend some time to learn more about any investment products be it properties, stock and shares, unit trusts, structured products, dual currency or equity-linked notes. Talking to experienced professionals who understand the investment will help.
To achieve higher return and to race ahead of inflation, city folks may have to work harder to ensure the return of savings is higher than urban-inflation rate. Taking cognisant of that, investment will ensure that our passive money works harder for us. As inflation does not wait for us, the earlier we start to wake up from the laurels and let our passive investments work harder, the earlier we can catch up inflation. The first move is to open our mind to learn more about other investment products.
A thorough understanding of an investment product is needed before we start investing.
Ang Kok Heng ,CFA
Chief Investment Officer
Email: kokhenga@poems.com.my
9:54 am - FKLI gap up strongly with overnite gains from DJIA
Cash market is up too with huge gain so early in the morning !
Tuesday, July 22, 2008
9:33 am - FKLI need to break above 1105 to go LONG
As the market is weak, buy on the dip after the break !
9:16 am - DJIA is showing another no demand
As the market progress higher, volume drop - No demand until you see a reversal maybe tonite !
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