Posted by MorningGlory123 > 2022-01-14 10:55 | Report Abuse

Fed’s Harker calls for ‘action on inflation,’ sees 3 or 4 rate hikes likely this year

Philadelphia Fed President Patrick Harker said Thursday he sees three or four interest rate hikes this year as likely to fight inflation.

The policy tightening would be in response to inflation that is running at the highest level in nearly 40 years.

While Harker expressed support for hikes and the end of monthly bond purchases, he favors waiting before decreasing the Federal Reserve’s $8.8 trillion balance sheet.


https://www.cnbc.com/2022/01/13/feds-harker-calls-for-action-on-inflation-sees-3-or-4-rate-hikes-this-year.html


*Global market facing high inflation, latest US CPI stood at 7% so forcing Fed government aggressively hiking interest rate by this year to solve high inflation

Posted by MorningGlory123 > 2022-01-14 10:56 | Report Abuse

hiking interest rate will impact high premium valuation tech stocks

Posted by monetary > 2022-01-14 11:57 | Report Abuse

in tech, u catch at right price u will laugh all the way to the bank. for gloves. u have need the crystal ball to predict the next pandemic.

Posted by monetary > 2022-01-14 11:58 | Report Abuse

don't b stubborn. get ready to switch to tech at the right price.

Posted by Sailangking > 2022-01-14 13:54 | Report Abuse

wth...from 4 further down

Posted by MorningGlory123 > 2022-01-14 14:10 | Report Abuse

Yr 2021 - glove & health sector massive sold off due to ASP keep dropping

Yr 2022 - tech sector rotated massive selling off due to interest rate hiking unavoidable


*Don't ever think to challenge with fund institutions since RSS, PDT & IDSS fully operating since 2022. We need to learn the past lesson from 2021 incident during massive turbulence on health sector.

Posted by Mazda323 > 2022-01-14 14:29 | Report Abuse

Based on TA, currently (14 Jan 2022) extremely oversold.. But the sentiment is getting worse day by day. Enter some at 2.3 just try my luck. Hope Monday will rebound.

Posted by nicholas99 > 2022-01-14 14:53 | Report Abuse

still strong.. all drop.. mi price stable.

Posted by monetary > 2022-01-14 15:09 | Report Abuse

The difference is fundamental of glove has changed. Tech fundamentally unchanged but valuation has changed.

Posted by monetary > 2022-01-14 15:10 | Report Abuse

meaning tech can recover fast as earning improved.

Posted by investmalaysia618 > 2022-01-14 16:40 | Report Abuse

like this still consider strong ah hahaha

Posted by SuperPanda > 2022-01-14 17:46 | Report Abuse

bearish market cannot make money, buy dip, going deeper

in 2 weeks US and EU covid case will hit new ATH, msia cases will goes up again towards 4-5k in few weeks to come

major corection will happen on US market, at least another 20-30% drop

Posted by SuperPanda > 2022-01-14 18:05 | Report Abuse

dont catch falling knife, wait until selling finish / new support and reversal confirmation

in march fed sure will increase rates, inflation will reach 8-9% if Fed dont make any move

we might see recession this year if inflation keep rising

Posted by EatCoconutCanWin > 2022-01-14 18:15 | Report Abuse

TP 1.20 . similar to glove, due to inflation and supply chain distribution

Posted by Joyce126 > 2022-01-14 19:16 | Report Abuse

Keep buying. All good

Posted by gemfinder > 2022-01-14 21:50 | Report Abuse

Soon wil back to rm1

Posted by BillyButcher > 2022-01-14 21:54 | Report Abuse

Glove counter plummeted because of reduction in ASP and global covid cases. even if cases go up, everyone was certain gloves are not the silver bullet for covid

Posted by BillyButcher > 2022-01-14 21:55 | Report Abuse

tech counter going down because of tax rate going up by 4 times in USA..which will cause ripple effect to Malaysia tech companies exposed to US supply chain

Posted by BillyButcher > 2022-01-14 21:57 | Report Abuse

so we're looking at possibility of lower profit margin. but that is if tech demand drops like glove .which is not the case here..so stop panicking

Posted by BillyButcher > 2022-01-14 21:58 | Report Abuse

people might stop using gloves tomorrow..but not technology.. people not gonna stop using computers, cars or phone...

Posted by SuperPanda > 2022-01-15 00:32 | Report Abuse

trade what you see not what you think and never fall in love with stocks

if the money on the table take it, otherwise other people will take it, those people are the operators/funds

when they leave, you will have nothing on the plate

Posted by abang_misai > 2022-01-15 08:05 | Report Abuse

Buy when others kena margin calls.

Posted by frank74 > 2022-01-15 09:05 | Report Abuse

Oversold !

Posted by trustmenojoke > 2022-01-15 11:00 | Report Abuse

Oversold

Posted by BillyButcher > 2022-01-15 12:30 | Report Abuse

this is the time to re-enter or top up ....when others are fearful..be greedy..now you got to enter before operators decide to sapu the bottom

Posted by BillyButcher > 2022-01-15 12:31 | Report Abuse

don't you see what they're doing? these clowns sitting at the top position in banks and federal reserves are market makers

Posted by BillyButcher > 2022-01-15 12:32 | Report Abuse

first they overhyped omicron, now they're saying there's deltacron, now inflation, next they'll say sun is going to explode

Posted by BillyButcher > 2022-01-15 12:33 | Report Abuse

assess the situation with your own experience and knowledge..don't listen to the fearmongering

Posted by trustmenojoke > 2022-01-15 21:53 | Report Abuse

Buy the fear, sell the greed

Posted by gemfinder > 2022-01-16 10:36 | Report Abuse

https://www.google.com/amp/s/fortune.com/2022/01/14/jpmorgan-ceo-jamie-dimon-fed-reserve-benchmark-interest-rates-inflation/amp/

Posted by gemfinder > 2022-01-16 10:37 |

Post removed.Why?

Posted by RainT > 2022-01-16 11:04 | Report Abuse

buy buy

Posted by MorningGlory123 > 2022-01-17 08:34 |

Post removed.Why?

Posted by MorningGlory123 > 2022-01-17 08:34 | Report Abuse

Investment Guru already mentioned major correction ahead Bursa Tech Sector

Posted by Bgt 9963 > 2022-01-17 08:37 | Report Abuse

Hoot9e....!

Posted by SuperPanda > 2022-01-17 10:28 | Report Abuse

US market still have more downside, bursa many kiasu trader where rich people use margin, imagine US drop another 10-20%, would bursa going up??

i dont see bullish market coming too soon, all candles are bearish reaching below 200ma, if you think its going to hit ma50 again in few weeks, you will be wrong

Posted by Mazda323 > 2022-01-17 13:42 | Report Abuse

Going to challenge 2.5 soon. Sold half 14bids. Ride another wave..

Posted by ivanlau > 2022-01-17 19:34 | Report Abuse

----- quote ----

Stock: [MI]: MI TECHNOVATION BERHAD

Dec 1, 2021 10:56 PM | Report Abuse

If based on forward eps 10 x average pe 32, the fair value till March 2022 around rm 3.20 . Today closing 3.41 ........

------- unquote ----

Today closing 2.40, consider undervalue now......

Posted by MorningGlory123 > 2022-01-19 08:32 | Report Abuse

Dow drops 540 points, Nasdaq falls 2.6% as 10-year yield rises to 2-year high

https://www.cnbc.com/2022/01/17/stock-market-futures-open-to-close-news.html

*US 10-Yr yield @ 1.88%

*VIX @ 22.79 (+18.76%)


Very soon 10-Yr yield will hit above 2.00%

Posted by MorningGlory123 > 2022-01-19 08:33 | Report Abuse

Perfect storm will be coming soon for Nasdaq

Posted by gemfinder > 2022-01-19 15:13 |

Post removed.Why?

Posted by monetary > 2022-01-19 17:40 | Report Abuse

still drop. revised entry price $2

Posted by TradeMeSideways > 2022-01-19 18:25 | Report Abuse

Dear advisors, IF you had to pick a tech stock, would you rather go into...

1) MI Tech
2) Frontken
3) D&O
4) Savings account.

Please advice. Thanks

Posted by autoven > 2022-01-20 08:18 | Report Abuse

to TradeMeSideways
5) spend it...life is too short

Posted by monetary > 2022-01-20 15:24 | Report Abuse

10 yrs road map to build 4 pillars for business segment. the 3rd phase will not come so soon. no rush to buy.

Posted by uncensored > 2022-01-20 15:40 | Report Abuse

FYI the spam messages from the MorningGlory123 is temporary suspensed for 7 days.

https://klse.i3investor.com/servlets/cube/morningglory123.jsp

Due to repeated abuse posts, this account has been suspended from posting to the i3investor portal until 27/01/2022. Please refer to the Terms and Conditions of Use and Community Standards of this portal.

Posted by monetary > 2022-01-20 17:04 | Report Abuse

don't chase. not over yet. just temporary rebound.

Posted by paktua73 > 2022-01-20 22:36 |

Post removed.Why?

Posted by Marigold123 > 2022-01-21 15:01 | Report Abuse

correction mood

Posted by Arrogant83 > 2022-01-22 16:25 | Report Abuse

Nasdaq tumbles 2% Friday, notches worst week since 2020 and falls deeper into correction territory


DJIA 34,265.37
-450.02 (-1.30%)

S&P 500 4,397.94
-84.79 (-1.89%)

NASDAQ 13,768.92
-385.10 (-2.72%)

RUSS 2K* 1,987.92
-36.12 (-1.78%)

VIX28.85
+3.26 (+12.74%)


## DJIA = -7%++ from peak

## S&P500 = -8%++ from peak

## Nasdaq = -15%++ from peak



Cryptocurrencies tumble, with bitcoin falling 15% and ether down 20%

BITCOIN 36,576.25
-6,108.52 (-14.31%)

ETHEREUM 2,612.03
-582.11 (-18.22%)


## BITCOIN = -48%++