I think these billionaires are just looking for reason to push up DJI, Mcdonalds up 7% can push DJI until 300++ points... Taking this opportunity to spread the cost to retailers? Not sure.
Kakashi, agreed. I have mentioned in my early note that these billionaires are pushing higher so they could hedge later. They know index too bullish with poor stock performances across the board. Crude oil down and oil counters go positive on blue chips. It does not make sense, and this hints one thing, stock market about to crash with huge sell off later.
luckily manage to be composed this morning. Expected that it will spike and then consolidate before turning bearish...that's my prediction for today. So far morning session seems to be in line.
Mcdonald turn around, so what? Its just one stock in DJI. See the news below. Caterpillar is posting 50% lower net profit. they are key indicator on how well the global economy is doing. But investors shrugged that off.
"The world's biggest construction and mining equipment maker posted third-quarter adjusted earnings of 75 cents per share, down from $1.72 in the year-earlier period. Revenue fell to $10.96 billion from $13.55 billion a year ago. "
perhaps some good incentive maybe to O&G..tax break ka..hahaahha.i dont know ..i dont want to speculate..but ..as we are aware Najib was in Petronas before before joining politics...heeheheheh..:)
Lim, u donno meh y those o&g counter up today... It bcos APANAMA shouted yesterday dat today o&g counter up... Js kidding... But, he really mentioned yesterday... Im waiting another plus 6 on our ci today... Hehehe
tak tau la mr.lim..i just focus on certain counters only..but as far as i know..last time..there was a rumour ..'someone' will be given new license...which i doubt transformer will announce it today..
MHB pulak if u all perasan..the lowest dia cantik 1.09 1.10 1.11..perhaps today cross kot 1.15 and close at high...wallahuallam..k then.i need to do some things..to be continued..all the best.
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....
Lim Elson
2,550 posts
Posted by Lim Elson > 2015-10-23 10:23 | Report Abuse
no no no... not comment politic...
he is pm.. the budget definately affect the KLSE..
that why i ask you like it or not... if you dont like it, then better stay away.. watch the movement before invest.
If you like him trust him... sai lang lo...
i dun trust him.. so i rather drink teh tarik and watch.. because i know the market is always there... there is always another chance.