A lot of upsets this year. Brexit, Taurx,..
I think Trump would win in spite of opinion polls showing Clinton in the lead.

Looks like further development of the drug is necessary ?

The resistance is at 1.40 and VS could be on he way to retest its 1.30 levels.

Tune riding on the AirAsia wave.

Krugman said that zero interest rates will be the new normal. Perhaps Fed will just keep postponing the rate hike.

Today, BP's glorious days are already over. Kodak Eastman ended bankrupt. Everything is transitory. If u started yr working life abt 1982, today u would have reached retirement age. And u would have fallen in love with the share and refusing to part with it.

If u started yr working life abt 1982 n u have bought this share, u would have a great time savouring its dividends n the share weathered most of the market downturns including 1987.

One example, BP (British Petroleum). It is first wave started in abt 1982 n it completed its final 5th wave in abt 2006 by which time it started to correct.

We play the same shares over n over. Shares move in cycles. Once its 5 impulse wave is completed, the next cycle is down. So there is a saying "there is a time to sow n a time to unfold".

Really I do not consider 2014 a crash. Most of the counters staged a v shape reversal n I managed to make 1k even with the lousy counter FGV.

Those who opt to hold the shares thru' up n downs normally diversify their holdings.
But from my experience, diversification increase the risk. No matter how u diversify, it does not help much if the crash is like in 1997. I choose to sell off my entire holdings n wait to buy it back.

Most of the foreigners have already sold out. And local funds holding on to most of the blue chips. I do not think the market will crash like that in 1997 when a huge chunk of shares in KLSE is owned by foreigners.
Crashes are few and far between. When the moment comes, you must be brave enough to seize the moment. But your timing must be right. When the speculative attack began on the Thai Bath in Mar 1997, I sold off all my shares n bought it back on 1st Sept 1997. If u have bought in between, u might also end up selling at loss because the shares fell as if the market has not bottom.

Both these gentleman are buying or selling?

Hi connie, the 1MDB scandal is going to explode. It is official.

Lundal has the foresight to keep spending the last few years on 4G n Maxis is reaping rewards now evident.

Maxis posted stronger 2 qtr earnings

Today there is a batch of call warrants issued by RHB IB with strike price of $5 expiring. RHB will ensure the price of Digi won't pass $5 or else they have to vomit out all the $$$ paid by those who bought their warrants.

If it can pass 1.62, the next TP 1.8xx. This is the 2nd attempt to breach 1.59 levels.
Anyway, Tune is a safe bet. The only thing is you must be patient. It is not for those who like to hit n run.

Are u sure? RHB IB gave the TP as 1.62 also.

Turkey is unstable. The gomen there kept making enemies with its neighbours.

I think this is also what connie is looking at. Put in yr setups, then the price zooms n u take profits. Close yr pc n enjoy the day.

I have attended workshops for futures trading n have played CPO futures. Then 3 months later, this stupid IB phoned me n told me they want to cancel my direct access because I do not have 40 transactions per month.
Before I signed up, they told me they are promoting futures trading. After I signed up, this thing happened. So, I stop temporarily n try to learn whatever I can from the IB manager. He is a good guy. Only that the IB who employ him has no brains.
But I indicated to him I am willing to pay $68 per month for direct access n he keep sending me these setups. Maybe I have to find another IB which do not charge for direct access.

Hi twobits, which IB do u use for futures trading?

Actually, I am trying to learn. When he sends me setup, I would look at the chart n see if I myself is also seeing the same opportunity. If I rely on him, I think I can make $$$. But if one day, he is out of the IB, then I can't look after myself. So it is better to learn it myself. At times, I have to find out why he sees a good setup but I can't see.

I am not pro lah. My broker sent me a setup this morning. At 9.15 a.m., FKLI buy 1660.5 - 1661.5, sell below 1658 At 9.40, he sent me the result ...lock profit at 1667 (RM275 profit) congratz to those who follow.

I do not think futures mart is that risky.

I do not play KLCI futures cos there is not much volatility. Further, it can be easily manipulated. I prefer CPO futures. The strategy of hit n run is workable in futures trading but not in stocks cos there is not much volatility. In futures trading, we do not keep our positions overnight. If the setup fails, we just cut loss. Even if u do not cut, the broker will add n subtract fr yr a/c.

Each day, my broker would set me the setup via whatsapp .. soyabeans, gold, E mini crude oil etc whenever there is a good setup either to long or short. From what I see, 90% of his setups succeeds.

Yes, twobits, you are right

Uncle Lim said, "the results are positive but might not be good enough to earn FDA approval". It is 50-50.

If it can't reach 1.62 how it can reach higher? The resistance level is abt 1.62 . This is what I see fr the chart.

Hi connie, just google 'Patrick Mikula'. On his webpage find "Dr Alan Andrews" e book. It is free. Combine with Elliott waves and it make a lot of difference.

Probably, the start of the wave 3 for Tune. The first TP 1.62

Hi connie, you are right. MyEg has no momentum up n carries a lot of risk. Probably will dip to down channel at abt 1.71

RHB IB selling Maybank to keep the their below 8.20 so that the warrants they issued n which is near maturity will be out of the money.

BNM reduced OPR to 3%

Digi on the early stage of wave 3?

Digi is clearly on the early stages of an uptrend.

I think so. That is how Investment Banks get income.

Probably the start of the 3rd wave for Digi.

I agree with The One. RHB IB keep selling to prevent its price from going up to make it out of the money.

Since Maxis, downgraded by a whole bunch of analyst, can break $6.00, maybe there is something in the telco industry we do not know.

Resistance at $4.80 broken. Read nextrade analysis.

Hi connie, just learned something useful from you.

Hi connie, shares, unlike futures, does not have the kind of volatility which enables a trader to profit. The 15 mins time frame is the one I use for futures trading. For example. CPO futures have an average volatility for 47 points daily. If a trader can make just 10 points, the profit is $250. But share have none of that. All we can do is buy and sell higher n have to wait for a long time.

It has hit the low end of the down channel. I expect it rebound to around 1.88 from the view of Andrews pitchfork structure.

MyEg has probably completed its 5 waves n is now on its corrective wave down. The Andrews Pitchfork structure shows MyEg clearly on the down trend.

Ppl say Maxis will be hit hard. But the opposite happened. Maxis is up n up.

Profit drop again.

"The Group is still dependent on aviation sector" says it all. Anyway I would say that Tune is for the long term and is not for fast bucks.

By the way, when I bought my new car, the dealer insured it with Tune. When it is up for renewal, I found that Tune does not have an office in my town even though I found an office with the signboard of Tune. The agent there was not eager to do business so I went to RHB Insurance.

As I said, it depends on Airasia n does not have a broad base of customers other than the aviation sector. It is like a semi conductor company having only Intel as its customer. The ex CEO Junior tried to broaden its customer base n it takes time. Maybe because of this, there is less big investor interest in the share.

Why Digi no energy? Maxis above $6 already.