Posted by iafx > 2013-07-30 16:31 | Report Abuse

Ringgit rebounds on debt sell: http://www.theedgemalaysia.com/business-news/248166-malaysia-ringgit-hits-3-yr-low-on-outflows-then-rebounds-on-debt-sale.html

Posted by iafx > 2013-08-01 12:09 | Report Abuse

Malaysian Prime Minister Datuk Seri Najib Razak said on Thursday his government was committed to improve the country’s fiscal position and would announce steps to do so in his next annual budget speech in October.

"We do understand there is a need to strengthen the fiscal and macro position of the government," Najib told a news conference.

Ratings agency Fitch cut its outlook on Malaysia’s sovereign debt to negative on Tuesday, citing gloomier prospects for reforms to tackle the Southeast Asian country’s rising debt burden following a divisive election result this year.-- Reuters

Read more: PM says committed to improve fiscal position http://www.btimes.com.my/Current_News/BTIMES/articles/20130801113645/Article/index_html#ixzz2agfUI6HY

Posted by iafx > 2013-08-02 22:18 | Report Abuse

looks like to scale down qe not too soon

WASHINGTON (Reuters) - U.S. employers slowed their pace of hiring in July but the jobless rate fell anyway, mixed signals that could make the U.S. Federal Reserve more cautious about drawing down its huge economic stimulus program.

NEW YORK, Aug 2 (Reuters) - U.S. stocks edged slightly lower on Friday after the July payroll report came in weaker than expected

Posted by PureBULL . > 2013-08-07 11:00 | Report Abuse

" Selamat Hari Raya & Bull returns "

Next week onwards, all the high rollers r expected to be back in action
full time.

The 'kwailor' took the opportune time to downgrade our country knowing
very well that our powerful high roller fund managers r away in the
festive season. Only by doing so, their voice can be effective to plunge
our stocks momentarily. Not to worry, these rating agencies r known
to be always looking at the rear mirror. They r completely blind n will miss the bright future ahead.

Posted by iafx > 2013-08-13 12:11 | Report Abuse

today so far up +9.4, index at 1794 looking to challenge 1800. top 10 most active all r penny stocks, FITCH rating issue seems vanished into thin air. so far ringgit dropped 3 years low against USD, the broader markets believe soon to release major indicators will show "encourage" sign of economy recovery, which may on the other hand push fed to confirm scaling back QE in September...

looks like a good time to restructure penny stock portfolio, good luck!

Posted by PureBULL . > 2013-08-13 15:39 | Report Abuse

The return of old time favorite stocks.
The value play is well n continuing...

QE 1, 2, 3 is FED's repeated syndicated buying high in old T-bills n selling low of new T-bills to top biggest banks in the US, thus making these 'zombie' banks very profitable.
A simple number entering process to these banks resulting in organic gain in their books.
The money never enters the mkt ! Nothing much to worry about, except those 'zombie' banks.

Posted by iafx > 2013-08-13 22:26 | Report Abuse

not quite the case. anyway, while it looks all good, better be prepared rather than sorry :)

Posted by Hot.T > 2013-08-14 01:30 | Report Abuse

Iafx, may I know what do u mean by "restructure penny stock portfolio"? Minimizing? Maximizing? Or rebalancing of existing portfolio? Tqvm

Posted by iafx > 2013-08-14 09:24 | Report Abuse

@ht, rebalance. suggest sell (50%?) those which have achieved its target (or close to), reduce quantity (50%?) on those stagnant stock but healthy, sell all on those speculative one. lost making group better cut off now. objective is to greatly up cash level, enter defensive position until all key events' impact (global economy, qe, currency, ummo election) r clear. afterall, should u enter now, how much % can u get in return confidently vs the upfront risk u take?

stock market is no supermarket, no need in/out everyday. sometime keeping a distance help to clear up mind. good luck!

Posted by Hot.T > 2013-08-14 09:41 | Report Abuse

noted with many thanx. all holdings are in the $$ (although different degree of ROIs). redirect to thematic play ie water and O&G? or rather pure defensive stocks?

Posted by iafx > 2013-08-14 10:12 | Report Abuse

it's about turning yr cash position into defensive; restructure in this way so u will have the right capacity to get offensive once key direction show itself. this doesn't mean u can only hold defensive stock though, u gotta look into what price u r holding; already how much ROI there and decide according to the comment above

water theme seems promising but can it be done b4 ummo settle among themselves? no question o&g will remain as one of the market darling in time to come. for both at its current price level vs q4 market challenges, certainly not a intra/contra thing. since v r talking about short/long term holding, obviously as of now there is no rush at all. suggest once u have all the cash setup, u may slowly and steadily (buy on dip?) collect... till the case is GO, u r at the upper hand to mount a full force attack. should the case NO GO, yr lost is minimum

good luck, pal!

Posted by Hot.T > 2013-08-14 10:42 | Report Abuse

thanx again iafx for your insight. i'm a short term player (1 - 2 mths) and so far my holdings quite focus ie not more than 4 at any 1 time nor put evrything into 1 basket. i also turn trader when cukup makan (sometimes only as have to realize minimal profit when sudden mkt change). of coz there were times had to cut loss along the way!

currently i'm heavy on TGOFF (I've offloaded 1/2 of my holdings last month but have started to collect some back) inwait for the new company direction (proposed acquisition + rights). purchases were done on multiple batches as price moved up. any comment on this? thanx

Posted by Hot.T > 2013-08-14 10:51 | Report Abuse

sori, its acquisition and private placement..

Posted by PureBULL . > 2013-08-14 16:58 | Report Abuse

O n G theme is ever on. Another theme play is on Low PE stocks.
Once it begins to move it will continue up charging,,,

Posted by Hot.T > 2013-08-15 00:31 | Report Abuse

thanx u'all..will wait for dev on TGOFF. freed fund portion will adopt like what iafx proposed. btw, any rec so can start with d research first?

@PB, care to indulge in your choice of low PE stocks? Thanx

Posted by PureBULL . > 2013-08-19 09:43 | Report Abuse

WHY every year after a festive season 1 big fund must do a sell down on reopening to work of its festive year ?
Do they know what is corporate investment citizenship n its responsibility ?
Or is there such a thing in corporate Msia ?

Posted by selamba > 2013-08-19 09:44 | Report Abuse

bbblluuurrrr

Posted by PureBULL . > 2013-08-19 10:03 | Report Abuse

Yes, the Last straw is determined by the close of KLCI of the day n then the week.
Hope n pray it is the case of kneel down to jump much higher later...

Posted by iafx > 2013-08-19 11:15 | Report Abuse

not until mid sep, direction will not be clear. only limited counters with strong catalyst will be spared until then... be prepared rather than sorry :)

Posted by iafx > 2013-08-20 12:55 | Report Abuse

average down at this junction? well, swim against strong tide a bad idea if u ever tried before. tide change direction from time to time... :)

this is the time v go jalan-jalan makan angin 1st, relax WHILE alert :)

good luck folks, happy go lucky!

Posted by jcck79 > 2013-08-20 13:02 | Report Abuse

I've advice my friend that the sea is rough last 2 weeks before i hope he did park his ship at dockyard by now.

Posted by PureBULL . > 2013-08-20 15:56 | Report Abuse

KLCI at around 1739 - + 10 pts, buyers must be seen to appear in this zone or might hv to seriously take action to ran...

DOW is at critical level. close monitoring this few days, n pray for reversal.
our neighbours in indon n thai r under fierce attack.

Just ystday n today, every thing turns turtle. another 2 days later might just turn back up n hit the ground running...

Posted by PureBULL . > 2013-08-21 09:18 | Report Abuse

So much stock has been sold.
The only thing that could happen, the same sellers will turn buyers...

Posted by iafx > 2013-08-21 11:34 | Report Abuse

apart from the common sense expressed by midf (http://www.theedgemalaysia.com/business-news/250850-klci-to-regain-upward-thrust-towards-year-end-says-midf-research.html), m'sia gov respond to fitch/moody's concern has been really lousy, party election is more important than nation's future

Posted by Hot.T > 2013-08-21 12:32 | Report Abuse

india, indon & thai mkt up (although nikkei down), m'sian mkt down. care for any comments on this? thanx in advance

Posted by PureBULL . > 2013-08-21 15:49 | Report Abuse

When purebear matures, pureBull has to take over the driver's seat.
We could be very close to that pt.
With due respect, DOW still holds the trump card.
Hope it behaves well in next immediate day/s !

Posted by Hot.T > 2013-08-21 19:19 | Report Abuse

india doesnt look good..collapse again!only jakarta firmed up.DJIA up or down would be an outcome of Feds minutes of which asian mkts would not react in tandem.

Posted by tsurukame > 2013-08-21 19:27 | Report Abuse

India will not look good until it opens its economy to foreign investors as India now really needs the money inflow to support the rupee and drive up investments/economic growth.

Posted by PureBULL . > 2013-08-22 03:05 | Report Abuse

Dear Hafiz Millip, Pandainya..
US stock mkt culture is based solely on daily news flow.
All the reporters n journalists of free internet news portals r controlled n salaried by the prominent hedge funds. Either way, they will dramatized the news to the easy benefit of the funds.
And lots of highly educated readers with good englan always r being taken to the 'cleaners' following those free news essay.

Importantly, all of us have to make a stand whether these r noises or a real start of new world damaging event.

Posted by PureBULL . > 2013-08-22 05:56 | Report Abuse

... leading to bankruptcy of some PLC in wall street.

Posted by PureBULL . > 2013-08-22 09:10 | Report Abuse

Wall street Warren B. bank is 1st to chop 2,300 heads/jobs.

http://www.bloomberg.com/news/2013-08-21/wells-fargo-said-to-eliminate-2-300-mortgage-jobs.html

Posted by iafx > 2013-08-22 09:21 | Report Abuse

as expected above, lousy GDP result add fuel to the already shattered sentiment. what's next to come?

;)

Posted by andychucky28 > 2013-08-22 09:24 | Report Abuse

When TNB increase tariff, more company and factory will close down, how to have good GDP? Where are the brains in this country?

Posted by JTFX > 2013-08-22 09:30 | Report Abuse

the weak RM at abv 3.30 will hit those big Companies with high USD borrowings..10% rise in USD will eat further into the SMEs profit margins esp importers..

Posted by iafx > 2013-08-22 10:00 | Report Abuse

MYR dipped on the other hand benefit those counters with foreign currency earnings ;)

in bull market anyone can BS with long story here & there, but today the day u will see with yr own eyes which stock is TRUELY resilient yet at affordable price

while the sea of red looks sad, but do make full use of this opportunity to identify "iron-stock". good luck :)

Posted by Avocado_C > 2013-08-22 10:18 | Report Abuse

http://www.bloomberg.com/news/2013-08-22/china-manufacturing-index-increases-in-sign-economy-stabilizing.html

A Chinese manufacturing index rose in August from an 11-month low, adding to signs the world’s second-biggest economy is stabilizing.

The preliminary reading of 50.1 for a Purchasing Managers’ Index (EC11FLAS) released today by HSBC Holdings Plc and Markit Economics compares with a final figure of 47.7 in July and the 48.2 median estimate in a Bloomberg News survey of 16 economists. A number above 50 indicates an expansion.

A strengthening U.S. economy and Europe’s nascent recovery are improving the outlook for demand for goods from China, the world’s biggest exporter, as Premier Li Keqiang grapples with containing financial risks at home. The nation will achieve the government’s 7.5 percent growth target this year even after a two-quarter slowdown, a Bloomberg News survey of economists indicates.

Posted by iafx > 2013-08-22 21:50 | Report Abuse

well written: http://www.theedgemalaysia.com/business-news/251252-comment-malaysia-current-account-in-focus-after-indonesia-and-india.html

on top of that, white elephant corrupted program, smuggle of subsidied items such as petrol, gas etc etc all resulted to heavy national lost!

Posted by PureBULL . > 2013-08-27 00:23 | Report Abuse

F-E-A-R has 2 meanings :
i. Forget Everything And Ran.
ii. Face Everything And Rise.

The choice is yours.
This is food for thought from RATAN TATA, the Indian Billionaire.

KLCI is being hit by 'financial accident' led by attack on our Ringgit.
In all accidents there r sure people coming to help. Yet to see people offer to help in this 'financial accident', more so from the opposition.
It is so ironic that they r running down our country n economy in times like this n causing many to dump away their stocks for cheap.

Posted by PureBULL . > 2013-08-27 15:17 | Report Abuse

In a crash-like continuous fire sale scenario,
TA n FA 'sudah terpakai or tak boleh pakai'.

Posted by iafx > 2013-08-27 16:15 | Report Abuse

KEEP YOUR CASH as above said. not until mid sep (could b longer now as few more unpresent events have occured) there won't b any clear case/direction.

;)

Posted by PureBULL . > 2013-08-27 16:36 | Report Abuse

Dear iafx, u r the true # 1 in i3 forum.
Do keep us all posted at all times...

Posted by iafx > 2013-08-28 09:22 | Report Abuse

u r welcome

Posted by PureBULL . > 2013-08-29 11:18 | Report Abuse

Quite a respectable bounce up to near my level of sold prices.
Will focus on searching the new great winners for the next up wave, something like last favco, myeg...
might be good to sell into strength 1st then buy back later.
it's a better order sequence of entry this way.
for daredevil, good buying was ysterday = a down day n to complete a round trip with sell on up day/s.

It could take weeks to see a KLCI trend reversal.
If u must trade, very Short term dealing for now. Index down days means buy some, index up day/s means sell.

Posted by PureBULL . > 2013-08-30 03:47 | Report Abuse

Prepare for market panic: Jim Rogers loudly said.
Can we trust his critical view this time ?
n r we approaching the crossroad to buying 'CASH' ?

http://www.ifre.com/prepare-for-market-panic-jim-rogers/21104386.article

Posted by haikeyila > 2013-08-30 10:16 | Report Abuse

geez... can't wait for the panic to be 'greedy when others are fearful'.
grandpa jim has warned us over and over again
http://klse.i3investor.com/servlets/forum/900335365.jsp

Posted by iafx > 2013-08-30 10:30 | Report Abuse

this is how u will pay the bill for smuggled subsidied petrol, diesel & gas to sell in black market. instead of stopping the loop hole, the best gov can do is hike legal price to the innocent:

"Electricity bills are likely to go up as the Government is expected to reduce subsidies for natural gas in its bid to improve Malaysia’s fiscal position" (http://www.thestar.com.my/Business/Business-News/2013/08/30/Higher-electricity-bills-likely.aspx)

yet, every year tnb net profit still hit wonderful "surplus"... m'sian is the richest ppl in the world as everyone of us is capable of paying "explicit" and "implicit" bills the same time. u should be proud of yourself :)

Posted by PureBULL . > 2013-08-30 16:26 | Report Abuse

Malaysia Boleh is magical.
2 days of strong program buying has caught the FKLI shortists niceely.

Posted by tonylim > 2013-08-30 16:28 | Report Abuse

Phew! Sweat sweat pants

Posted by haikeyila > 2013-08-30 17:37 | Report Abuse

good close to a drama-filled month. not really looking forward to next month. 'wake me up when september ends'

Posted by iafx > 2013-09-03 18:45 | Report Abuse

Fuel price hike "too small" to alter Negative Outlook on Malaysia's 'A-' sovereign rating, says Fitch http://www.theedgemalaysia.com/business-news/253016--flash-fuel-price-hike-qtoo-smallq-to-alter-negative-outlook-on-malaysias-a-sovereign-rating-says-fitch.html

if waste of $ on white elephant prjs, corruption & smuggle of subsidied items r not solve, hike price only make it wors