Yes .. The 5 QA earlier still intact. Once they confirm, MOU need to be signed first [ don't know they will announce the MOU or not. Maybe close door MOU ]. I belief it will not be long. I'm checking now as whether the investor money is kept in US dollar or RM. This is because our currency is going down and very disadvantage to the company to keep in RM since the QA purchase is in US dollar. Next monday only i know the cash in kept by them in what currency.
For any price movement on the Bursa it is only technical re bounce cause it already hit 1650 mark last 2 days. The world economic scenario is still uncertain. If wanna make some money but a bit on the support level and sell on resistant level. Watch Syria -US war. Keep bullet and if war happen stock will drop. Find the support level and buy a bit.
Derrick : 2-3 months is not long. Just wait .. I'm also holding 2/3 after dispose 1/3 to purchase Sona - wa. Still have bullet and buy bit by bit on these 2 counters. Will disposed all stage by stage once QA announce...
Its a bit complex to explain cause in economic many factor is contributing to the movement of share market. Normally we look into company fundamental and strength but this is only apply when no major crisis happened. But when we have major economic crisis the crisis itself if contributed by so many factors.
Now what i can see is big drop in India Rupee and Indonesia Rupiah. Our Ringgit also affected and getting weaker against US Dollar. Why this happen? Cause foreign investor convert local currency to US Dollar. Why they pull out ? It is trigger by signal by US that they may start slowing down or stop printing their dollar. If US stop printing , the interest rate will go up. If if these people borrow money with low interest rate earlier, once US interest rate increase they will pull back the money to the origin.
As a result country that have many foreign investor flow will feel the heat by selling of the local currency. Once local currency weak then your import value will increase and vs compare to export these country may fall under deficit. To close down deficit if the country cannot take it then have to borrow from IMF. Local Interest rate will increase and ...... [ its complicated to explain]. At the end it may come to recession eg Thailand ...
We hope it will not go so far till recession etc.Our country have learn 1998 crisis and hope they know how to handle the situation. India have't got any experience like us before and now the country is in deep trouble.
Coming to the war if u see history , the share market will drop. Every drop is an opportunity but find the support level and buy bit by bit. If one support level break find another support level and buy. In any case it will have technical rebounce. If want to exit find the resistance and sell. Unless you have lot money can hold but please be alert of the global economic situation.
Q: if wars about to happen (touch wood), wouldn't be oil and gas counter is more reliable ? If war happen , Oil Price will go up. The oil producer will get more revenue. Indirectly the counter may go up but if the share market overall go down or crash , this 'up' may not able to be reliable for long run.
Share market is always depend on when right time you go in and when right time to go out.
very likely US will not go for a long term war, because they dont have enough budget. They are hitting their debt ceiling again very soon. Likely they will just show some power to Syria, scare them a bit thats all.
The Edge Weekly dd Sept 2, 2013 page 28. Falling ringgit, Cliq declined 9 % n Sona declined 3% in US Dollar equivalent as at August 28, 2013. Cliq RM330m declined from USD108.92 to USD98.96m Sona RM550m declined from USD152.59m to USD148.44m
Yup, told you guys. It's like they playing among themselves ..... Just relax, don't panic, don't sell... Come a point they will have to push....don't be cheated by them and jump in to buy or panic sell
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
amandang
1,204 posts
Posted by amandang > 2013-08-29 10:48 | Report Abuse
oic....then gotta to wait ;)