BuyWithConviction

BuyWithConviction | Joined since 2015-11-17

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2016-03-11 09:59 | Report Abuse

Ringgit at 4.1140, slightly stronger. Expected since euro strengthened back strongly after initial weakness last night. But I think (or rather hope) it is temporary only, I think market is reading ECB's actions wrongly.

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2016-03-11 09:35 | Report Abuse

What is algorithmic trader? I guess since I have to ask, i am clearly not one. hehe

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2016-03-11 09:33 | Report Abuse

There are quite a few suspicious characters in other threads too. Some work in groups while pretending not to know each other. As always, be careful online.

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2016-03-11 09:14 | Report Abuse

Wait let me check crystal ball, hehe

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2016-03-11 09:06 | Report Abuse

I suspect you don't have to be too worried, usually start with market leaders like Top Glove and then if momentum continues, will rotate to laggards.

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2016-03-11 08:55 | Report Abuse

Oh yes, one more thing, keep eye on big picture! Hehe.

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2016-03-11 08:54 | Report Abuse

Good morning guys! I think ECB action being misinterpreted by investors. My take is that it is more positive than it appears. Good for markets short term. Expect positive momentum on exporters to remain positive. Don't miss the boat..Hope for the best!

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2016-03-11 08:48 | Report Abuse

Good morning guys! Wow what a night! Choppy markets after ECB cut rates to negative and expanded QE! Looks at how the markets cannot agree what the implications are. My take is that the market's last night reaction may be wrong. The actions taken by ECB is stronger than it appears and they still have room to do more.

I think there the momentum seen yesterday on exporters and gloves will most likely continue today. For longer term investors, these are good levels to buy and hold. If you are a trader who is going in with eyes open to risk and return, then I think if you didn't buy yesterday you might be missing the boat. Remember expect interest to go from market leaders to laggards. Supermax could catch up soon. As usual, short term predictions very difficult to get right, i could easily be wrong. Trade carefully, and make up your own mind. Be safe online.

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2016-03-10 20:19 | Report Abuse

Need to also see what ECB announce tonight. Might impact market sentiment.

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2016-03-10 17:14 | Report Abuse

As expected there were continued interests in exporters including gloves. Exporters are oversold and therefore ripe for a rebound but macro picture must remain positive if momentum is to continue. Longer term these are good levels to buy some to hold. Just sharing my thoughts. Could well be wrong. Make up your own mind and not follow anyone blindly.As usual, be careful online. A lot of people may not be what they say they are.

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2016-03-10 17:00 | Report Abuse

You are entitled to your opinion. Let readers get a balanced view and make their own decision.

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2016-03-10 16:52 | Report Abuse

Yes i am giving my short term views but i often warn readers that short term almost impossible to get right. This is so that innocent investors don't get hurt. To say you are 100% correct short term is just plain dishonest and will hurt people. Some are poor investors. Not good.

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2016-03-10 16:47 | Report Abuse

Read my comments carefully, it helps if English is better.

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2016-03-10 16:41 | Report Abuse

Not easy to predict short term. No crystal ball but momentum looks good for a while more. Don't miss the boat if you are willing to take the risks. Often it moves from market leaders to laggards. Make up your own mind, don't foilow anyone blindly.

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2016-03-10 16:37 | Report Abuse

Not easy to predict short term. No crystal ball but momentum looks good for a while more. Don't miss the boat if you are willing to take the risks. Often it moves from market leaders to laggards.

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2016-03-10 16:33 | Report Abuse

Note that the tech sector is also up. Probably some longer term money is going back to exporters. Good for sentiment for now. Hope it can sustain !

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2016-03-10 16:28 | Report Abuse

Top Glove back to the day high. Will move from market leaders to laggards.

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2016-03-10 16:19 | Report Abuse

Read my comments carefully.

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2016-03-10 16:14 | Report Abuse

Supermax at 2.77. Will move from market leaders to laggards.

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2016-03-10 16:13 | Report Abuse

Read my comments carefully.

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2016-03-10 16:12 | Report Abuse

A lot of people have trouble with their English these days. Read my comments carefully.

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2016-03-10 16:06 | Report Abuse

A lot of people have trouble with their English these days.

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2016-03-10 16:00 | Report Abuse

Continued accumulation seen on exporters in afternoon. Ok for a trade I hope. Go for the market leaders in the sector first. Make up your own mind, don't follow anyone blindly.

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2016-03-10 15:44 | Report Abuse

A lot of people have trouble with their English these days.

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2016-03-10 15:24 | Report Abuse

Remember C2 expiring. Also if it is longer term buyers, it often starts with the sector leaders then only the laggards.

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2016-03-10 15:21 | Report Abuse

Yah I always careful about people who wants to trap other people. I always careful online. hehe

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2016-03-10 15:11 | Report Abuse

Haven't a clue. Hehe. Safe to say if longer term, these levels look good. If trade, must be careful not to be caught. More interest in the better glove stocks at the start then maybe go to laggards if momentum continues.

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2016-03-10 15:05 | Report Abuse

Sounds more like panic buy lah, frighten people. hehe

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2016-03-10 14:46 | Report Abuse

Keep eye on big picture too - ECB policy statement anytime soon. Not sure if got anything there. A lot of speculation of more stimulus.

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2016-03-10 14:23 | Report Abuse

Price dropped a lot already, maybe below 100m profit is largely in the price already?

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2016-03-10 14:12 | Report Abuse

Could well be, or could be just rotational play too I guess. There is a chance if momentum continues, Supermax will catch up in the coming days. Not sure. Just food for thought. Make own decision.

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2016-03-10 13:32 | Report Abuse

Yah I also ignore him, hehe haha

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2016-03-10 13:25 | Report Abuse

ringgit at 4.1161, fairly stable. Still trying to check out other macro factors. Not sure what's happening. Maybe it is just simply longer term investors feel exporters have fallen enough already. Don't know if can sustain but fundamentally looks like good levels to buy some for longer term. Just sharing my thoughts, can easily be wrong. End of day, make up your own mind, don't follow anyone blindly.

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2016-03-10 12:27 | Report Abuse

Goodness, the accumulation on glove stocks is quite strong. Haven't a clue what is happening but things changes very fast and sometimes fast action is required if you are a tactical investor. Just sharing my thoughts, can easily be wrong. End of day, make up your own mind, don't follow anyone blindly.

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2016-03-10 12:10 | Report Abuse

Yup. tactically on better stocks first, I think. Things changing very fast. Keep eye on big picture.

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2016-03-10 11:58 | Report Abuse

If this is really accumulation by longer term players, it may start with better stocks first and then rotate to not so good ones. Just a thought for those wanting to be tactical.

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2016-03-10 11:51 | Report Abuse

Some thing strange happening to market, ECB? Not sure. Keep eye on big picture.

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2016-03-10 11:46 | Report Abuse

On a more serious note, guys, the accumulation sign for gloves looking stronger already. Not sure why. Maybe longer term players feel they have fallen enough. Maybe good for a trade? As always be careful, be fast and nimble on a trade, don't get caught.

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2016-03-10 11:41 | Report Abuse

Yah, yah I agree. Learn to ignore him please. Ha ha.

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2016-03-10 11:40 | Report Abuse

Then you should ignore this reporter from STAR lah, simple only, what so difficult? I also ignore him. hehe

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2016-03-10 11:33 | Report Abuse

Possible. I also not sure, The signs are still very early to me. Will see later in afternoon on more signals.

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2016-03-10 11:28 | Report Abuse

Looking at the trades today I am beginning to think there is some accumulation. Could be for longer term as fundamentals are good, valuation cheap but must hold.

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2016-03-10 11:18 | Report Abuse

If ECB goes for negative interest rates, will it help boost the markets? What will it do to our ringgit? Keep eye on big picture.

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2016-03-10 11:05 | Report Abuse

Hehe. They have been keeping a low profile.

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2016-03-10 11:02 | Report Abuse

Yes trust no body. Be smart online. Make your own decision.

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2016-03-10 11:01 | Report Abuse

Learn to respect other people's views. If you can't that means you don't even respect yourself.

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2016-03-10 10:55 | Report Abuse

Who said you? Guilty conscience? We all know who you are lah. Hehe