Aglobal (Update)

Aglobal closed at 13 sen today, further fueling speculations that it is indeed on a downtrend.
Cut loss should be done at 12 sen, should further downtrend prevails. Good luck.

GPRO

Something to monitor. ;) For now, that's all I can say.

Aglobal (Update)

Resistance level has shifted from the previous 10 to 12 sen range, to 12.5 sen-14 sen range.
This should be evidence enough to confirm an uptrend. However, movement next week should determine the trend.

In the short run, resistance is set at 15 sen. Should 15 sen be broken, that should be good news for those taking long positions in this stock.

In the meantime, Gold and Silver prices present a good buying opportunity once again. Stay alert, and have a happy weekend!

Operation Twist

So it's official! More demand for income yielding securities (stocks) should be expected in the near term. On the other hand, this could also spur demand for precious metals (gold and silver)

On the side note, AGLOBAL started to jump in price today! ;) Perfect timing won't you say?

Gamuda (Update)

Finally, Gamuda is done some justice! Today price is up, with strong buy even to closing time.
Expecting a further upside, but buyers beware Gamuda-CS warrants are about to expire and have a calculated 3 to 4 days before it stops trading!

BULLISH on commodities

Increasingly, more and more fund managers are betting for an upward surge in commodities prices due to increased speculation that further quantitative easing is coming!

In that case, stocks should rally too! Keep an alert eye on "consumer products" segment.

DRBHICOM looks like it's ready to rock and roll and could be a good BUY....just wait for the CG warrant to expire!

Greek Elections still result in no clear direction

Prepare for sell-offs! Steer clear of blue chips ;)


Update: Apparently the Pro bail-out clan seems to have a slim lead. Perhaps the market might rally. Next, focus will shift to other EU nations, and the U.S.

Dow's up to 12700

Looks like the market's reacted positively with Dow up to 12700 from the low of 12100 some weeks back. Rebound's on its way. KLSE should react positively with Felda's listing, and we might see it reach 1600.
Time to start shopping.

To watch out!

MAS - Successful debt issue, low oil prices
COASTAL/MAYBULK- Low oil prices
DIALOG- Major developments, just follow news
DRBHCOM- Price has been depressed far too long, More Preve models sold than expected
DIGI, AXIATA, MAXIS

My favourite in these uncertain times would be Telco related companies (such as RA)

Market to Rally?

So, over the weekend, Eurozone finally agrees to lend Spain 100 Billion Euros!
I'm expecting a market rally...perhaps Dow to breach 13,000 once again.

Aglobal (Update 3)

Here's today's update for Aglobal. Seems optimistic to me thus far.
Today also saw (as to my prediction), the rally in Airline, Shipping and Telco stocks.
Hope some of you short term traders made some money. ;)

Aglobal (Update 2)

This should be an interesting perspective. I first posted it in Investlah forum. This chart is constructed based on announcements in Bursa's website. Today Aglobal closed up 0.5sen at 12.5sen. Strong accumulation at 12 and 12.5sen. Market optimism in the markets tonight should play a role in pushing this baby up higher.

FTSE and DJIA Rally

Both the FTSE and Dow Jones rallied today, posting significant gains. Movements are in expectation that further monetary easing will be taking place. For speculators out there, this should be good news if you still have market positions.

In the meantime, Soros increased his gold holdings further. Further quantitative easing with definitely push Gold and Silver prices up higher as investors rush in.

Considering Gold and Silver's safe haven status, further upside is definitely expected, just like I shared before.

Aglobal (Update)

Aglobal opened at 12.5 sen and closed at 12.5 sen. Chart looks good.
Here's an indicator for both White Knight's entry. Both based on Bursa announcements.
More upsides expected if everything reported is true. Shares are currently still being held by both parties.

Prediction Proved True

So, as I believed, Gold bounced back up from the support. Faith is the USD is still shaky, coupled with European problems. In the near term, do not expect Greece to recover. Greece as many would say is in a catch-22 situation:

They cannot service their debt, and because of that, their credit ratings will keep falling (thus increasing interest rates), again completing the circle of them not being able to service their debt. We might need to learn to live with it, as Spain and Italy's turn comes up.

In addition, the bad job figures in the U.S. has resulted in the fall of the Dow Jones to the 12100s (it was back in Dec 2011 that is was that low!)

As the world's major economies slow, oil price will be expected to stay low (unless the event of war!)....and investors not being able to find a sound return for their money will rush into commodities such as Gold and Silver. Either way, commodities is still a safe hedge against inflation, the slowing economy, and the event of war. Unless of course if you believe in the U.S. dollar.
As for Malaysia's situation, growth from the construction sector will still be able to propel our economy.

Strategies to observe:

-Long Gold and Silver
-Buy construction related counters (Gamuda etc)
-Observe Telecommunications stocks (Digi, Maxis, Axiata) and Telecommunications services (R&A berhad)
-Observe Digital services companies (Ariantec Global, Digistar)