A possible crash coming?

Hope you guys had a wonderful weekend so far. Olympics has been fun, and one might say a much needed distraction from the current economic turmoil we've been experiencing. I do want to point out that prior to the '29 crash, bank profits were sky high, and the market was rallying to new highs. Does this all seem so familiar today? If there is something we can learn from history, is that politicians or (humans) never learn.

Speculations were rife then- bankers speculating with customers' money, just like today. That was what caused the Glass-Steagall Act to be enacted. The way the market moves depends on government policies, which ain't lookin' good if you asked me. More restrictions, and more overspending is on the way. In the end, Big Brother doesn't seem to care for the long term, as they are just kicking the can down the road. How long more can this last?

DRBHCOM (Update 3)

Well, the sell-down was an unexpected one. I would advise warrant holders to cut short their losses, or sell half at least. Mother shares remain a HOLD. This company has tremendous value, and I can forsee more news to come soon, be it for Property Development, Defense or Proton/Lotus related.

Tread Carefully

Dow Jones Index and other major stock markets have been falling like a stone starting Monday. It is not all unexpected. Punters, Speculators and Investors beware. Cut your losses short, and don't do overleveraged bets. Perhaps time to revisit the acquisition of precious metals?

DRBHICOM (update 2)

Hope you guys had a wondereful weekend!

Now, I know many are wondering if the uptrend in DRB is sustainable? Next week may see a drop in KLCI index due to European issues. 

I personally think that DRB will see an uptrend, and prices will hit previous high pretty soon. There's probably an upside of RM1.00 considering previous movements. My TP is RM3.50-3.70

Again is only from my analysis of the charts and candlesticks. 

Have fun, peeps! 

MKLAND (update)

It has been almost 2 months since I brought up MKLAND. Today, it is up with active trading. Perhaps it's time for the share price to reflect its NTA per share of 87 sen? It's not uncommon for many property companies in Malaysia to reflect poorly upon its real share value. Another one of them would be CHHB (Country Heights Holdings Berhad), which has an NTA per share of 2.65, and mostly trading around RM1.00 and below.  People have been chasing properties as investments but shares of companies with substantial landbanks and properties aren't up. Time for a change in investment direction??

DRBHICOM (update)

According to technicals, DRBHICOM should succumb to upward pressure by next week onwards. Whether or not it turns out to be true depends on the market. With Dow Jones about to breach 13,000 regional markets should have a sustainable, all-be-it temporary bull-run. My aim for DRB should be to reach previous highs, if not higher...considering DRB's  NTA is much higher.

After researching and calculating all warrants related to DRBHICOM, I also found that DRBHCOM-CN to be of reasonable value. It should be a good buy, considering the number of days remaining before expiry. My target for the warrant should be for it to reach at least 12.5 to 15 sen. Closed at 5.5 sen today.

DRBHICOM

News flow has been picking up lately, and huge collections have appeared on tape. 

Facts worth noting about DRB HICOM: 

1. UK govt giving money to DRB to fund Lotus
2. New COO (from Tenaga) is very talented person. Go do your research and dont simply assume what I say
3. Local elections are near, DRB and Tan Sri SM stocks are likely to be played
4. Huge collection of DRB shares lately. Only can detect by reading the tape
5. DRB still cheap, NTA is RM4+ and previous high is 3.20+

Speculations to Consider

Good morning! Hope all of you made money during the past few days. Our local index has reached all time highs and we could jollywell hit 1650 by next week! Here are some buys to consider.

DRBHCOM (enter around 2.60-ish if possible) TP: 4+
BENALEC TP:1.50
MAS (enter below 1.10 if possible) TP: 1.50
CSL  (enter around 1.10) TP:1.50+

GPRO seems to be holding up. Definitely further upsides to look forward to. But beware, it's twin CYBERT just went limit down.

EU and China Cut Interest Rates

Good evening! China once again cut their interest rates by 25 b.p., simultaneously over in Europe, interest rates were cut as well. So, if you are depositing any cash in your bank account, you'll literally receive 0% return. This should encourage more people to go into the stock market to seek for better returns. Even so, this good news (or bad news....many might say) was greeted with slumping precious metals prices, and Dow Jones index. 

In the long run, precious metals would still present a strategic buy. Like they say, "Keep stacking"

On the other hand, prices of Aglobal has remained quite steady and might be an impetus to a spike in price soon. Gpro has been quite promising as well. Till then, happy trading! 

GPRO (Update)

If you have followed my previous "alert" on GPRO, and bought at 13.5 sen onward, you would have gained substantially.

However, all is not lost, as there's still an uptrend tendency at this point. The "person" moving this stock upward is also moving CYBERT upwards. Stay tuned, and have fun trading!