i reckon better GENM. Guarantee profit at current price. Will rebound when everyone is back to their senses !!

When share price drop everyone cursing but when QR report not bad everyone praise the management? Heck man !! If this is not gambling mentality then i don't know what. You fellows are not investors but gamblers. Not much from those gamblers in Genting casino. When lose all cursing with foul words !!

Profit from RM 12.7 million to RM -2.7 million and yet said result not bad?
Heck !! which planet are you fellows from?

This quarter Malaysian corporate results mostly gone case. Will be worse next quarter definitely if Xi and Trump cannot come out with a solution this weekend. I doubt there will be any solution. You guys just pray DOW Jones don't have a triple digit loss tonight. If not there will be a huge bloodbath in the streets. Don't know if Jaks can tahan RM 0.50 tomorrow or not. Today's KLCI gone up by 9.7 points also kaput. Imagine what is going to happen to the market if KLCE close -9.7 points tomorrow?

Have a good sleep tonight to prepare for the bloodbath tomorrow !!

This quarter Malaysian corporates results all gone case. Will be worse next quarter definitely if Xi and Trump cannot come out with a solution this weekend. I doubt there will be any solution.

Masteel profit also down 85%. This quarter Malaysian corporates results all gone case. Will be worse next quarter definitely if Xi and Trump cannot come out with a solution this weekend. I doubt there will be any solution.

Profit down from RM 35 million to RM 1,78 million and yet result not bad?
Heck !! which planet are you fellows from?

Result gone case lah. Down 97% to RM 1.788 million. Good luck tommorow.
All steel counters gone case. Next quarter might go negative

All Steel counters gone case !!!

Qtr report down 85% to RM 5.87 million.

Victor Yong has been promoting Gamuda non stop since yesterday's Gamuda price crash. Before the big selloff this where was he? Gamuda must be his largest stock holding in his portfolio. I reckon he must be having a huge paper loss. Unfortunately he is promoting Gamuda in the wrong place. I3 is populated mostly by retail investors. Most bought 5 - 10 lots and further what i can say i that most investors here are already fully invested (or stuck with paper losses) in the market.

Thus no more funds to buy additional Gamuda stocks. From what i see in the price action, the selling in Gamuda is not done. More stocks will be unload in te coming days when margin calls starts. In fact i suspect in the afternoon session there might be another big sell off.

So, be prepare and brace for the coming selloff !!

Trading options is very different from maintaining a hedge book in a corporation. As you know there are many contracts some may expire this month, some next month, 2 months from now and so on. The USD does not move up and down in a straight line. It will zig zag along the way until it reverts to the mean.

So the problem is in certain months you may have a mixture of long and short options. When you bought a call option on USD expiring next month and if the market is against you will need to buy a put option to counter the effect. Or if you prefer you risk it and let the trade goes on until the options expiry or cut loss. So, trading options for yourself is nothing when compared to maintaining a corporate hedge book. That is why most Malaysian corporates lost huge sums on foreign exchange losses. People like SapEng, Airasia, Airasia X and etc book more foreign exchange losses than anybody else. Even when they hire specialist also cannot turned around the FX losses.

So, your experience with trading options is nothing.

I don't know if this Jon Choivo knows anything about international finance. Interest rate parity is basically the difference of rate between two countries. See below.


https://www.investopedia.com/terms/i/interestrateparity.asp

I suspect he just copy and paste from investopedia. The cost of capital or interest rate is determined by the supply and demand of funds dynamics. If there is an over supply of funds as in the case of QE from 2009 onwards then obviously interest rate will have to come down. This is because only lower rates will entice people to borrow. That is why until 2017 the interest rate in the US drop to 0.25% from about 6%. However the Fed cannot forever leave interest rate at the lower spectrum because when the US economy rebounds interest rate will have to rise if not there will be a situation of over demand.

That is why last year the Fed introduced Quantitative Tightening (QT) which is the opposite of QE. So, when there is less money floating around money supply will be tightened. Hence will cause a over demand situation and naturally will push interest rate up. Because people will be competing for the limited funds. So basically the main mover of interest rate is the demand and supply of funds and nothing to do with high risk and low risk associated with any currency.

Indonesia is considered a high risk country and the Rupiah already trading at 14,637 to the dollar today. It is a 5 year low but it's interest rate is still going at 5.5%. It should be going at about 8 - 10% when you compared it to Turkey, South Africa or Italy for that matter.


If Jaks is smart they could have probably hedged their foreign exchange exposure. Hedging in currency means if you fear the USD strengthen then you buy the USD into the future. So a loss in the USD loan will be compensated by the foreign exchange derivatives that you bought. They can do the following to hedge.

1) Foreign exchange forward contracts

2) Currency Options

3) Interest rate swaps

So, i recommend Jon Choivo better read up first about international finance before commenting.

To better understand what is the cost of financing the project (interest rate) why not get the rate from the banks that are providing the loan. In this case EXIM is one of the lenders. Since Xi JinPing is promoting Belt and Road Initiative (BRI) and Vietnam is one of the countries within the BRI priority will be given for infrastructure projects. Hence favorable financing packages will be offered. The following shows the interest rate charged by EXIM on infrastructure projects.For a tenure of less than 10 years the interest rate is about 3.85% and longer than 10 years is about 4.08%


https://www.exim.gov/tools-for-exporters/commercial-interest-reference-rates

Investment is no rocket science. You just need to have a sharp pair of eyes and brain in order to spot whether a business model is a monopoly or not. Even grandfather Warren Buffet doesn't go into such in-depth analysis like you fellows.

https://www.thenation.com/article/special-investigation-the-dirty-secret-behind-warren-buffetts-billions/

Why argue so much about something that have not even started. There are so much unknowns. Learn from Grandfather Buffet and don't waste time and saliva arguing !!

In Vietnam their effective interest rate is 6.25%. Most of their loans either housing or business stands at 6.49%.

https://vietnam.deposits.org/

So, that basically solves your interest rate calculation.

Seems like "Lee Tai Soh" in action. Only one fellow talk and give comments but nobody listens?

This khatulistiwa fellow is really a pain in the ass !! Talking rubbish, i reckon e has some real serious issue with Masteel. Most probably got burned badly and now talk bad about it. Really sour grape i would say. If he reckon iwcity is so good get the hell out of here and go straight to iwcity. Nobody feel sorry for you here. You are just a remnant.

“No matter how great the talent or efforts, some things just take time. You can't produce a baby in one month by getting nine women pregnant.”

Watch out MRCB "Bandar" going to eat up the 12,000 lots in one scoop soon. Just keep a close one on it. Thereafter MRCB will levitate from Kepler radiation belt to the Moon.

Trade war is already a non-event. The severity of this crisis has somehow price into the price of global stocks earlier this year. Everybody knows Trump is going to impose tariffs on certain goods. Anyway only a loser impose tariffs because it's own industries are not competitive. If you produce things efficiently naturally the price of your end products are cheap compared to others. This is called "comparative advantage". Malaysia has a lot of comparative advantage such as young and educated work force, no natural calamity such as typhoon and earth quake, fertile land, abundant natural resources and so on.

So if given the right policies implementation by the government, Malaysia will again rise as the new economic powerhouse in Asia. We will still be able to produce cheaper than most Western countries wit our comparative advantage even though the US going to impose tariffs on our trading partners. For your information the top two largest trading partner of Malaysia is China and Singapore. So if Trump impose tariff on China say steel and aluminium isn't it better for Malaysian steel and aluminium producers due to the higher prices?

Heck, we have to use our brain to make investment decisions not our foot !!

Sarah is a fucking bitch. A pain in the ass, i suppose who has cut loss in MRCB earlier. Now feel like sour grape when MRCB rebounded.

MRCB should touch the following price next week.

1) RM 0.70 first resistance
2) RM 0.75 second resistance.

Don't be a bitch, buy some and join in the gravy train.

https://www.straitstimes.com/asia/se-asia/malaysia-pm-mahathir-mohamad-to-drop-high-speed-rail-project-with-singapore

Watch out !! Mahathir dropping HSR project to singapore.

Good Luck, guys

https://www.straitstimes.com/asia/se-asia/malaysia-pm-mahathir-mohamad-to-drop-high-speed-rail-project-with-singapore

Mahathir dropping hsr project to singapore.

Good luck guys.

Mahathir dropping high speed rail project to singapore

https://www.straitstimes.com/asia/se-asia/malaysia-pm-mahathir-mohamad-to-drop-high-speed-rail-project-with-singapore

Good luck guys !!

I was looking at Hng33's tradebook since January this year.

What i found in the following are his usual lightning speed actions and his parlance.

Enjoy reading !!!

1) Reverse portfolio
2) Capital all in
3) handsome gain
4) defensive portfolio
5) Portfolio largest stake
6) Free up all balance capital
7) Lock transaction cost loss
8) Lock fast contra gain
9) swap all free capital from
10) Use all balance capital from
11) Cut loss
12) Sold back
13) Use last batch free up capital
14) Sold off all balance
15) Portfolio fully rebuild
16) Use all available capital balance
17) Sailang
18) Handsome contra profit
19) Super profit
20) Building back all position
21) Recovery
22) Bought back
23) Bought more
24) Lastly Don;t worry - be happy

Heck, the above is a typical trade manifestation of a gambler. To a gambler time period can be classified as follows:

Short Term - in minutes
Mid Term - in hours
Long Term - in days

Damn, it has developed into some sort of entertainment for me to watch his move everyday !!

I was looking at Hng33's tradebook since January this year.

What i found in the following are his usual lightning speed actions and his parlance.

Enjoy reading !!!

1) Reverse portfolio
2) Capital all in
3) handsome gain
4) defensive portfolio
5) Portfolio largest stake
6) Free up all balance capital
7) Lock transaction cost loss
8) Lock fast contra gain
9) swap all free capital from
10) Use all balance capital from
11) Cut loss
12) Sold back
13) Use last batch free up capital
14) Sold off all balance
15) Portfolio fully rebuild
16) Use all available capital balance
17) Sailang
18) Handsome contra profit
19) Super profit
20) Building back all position
21) Recovery
22) Bought back
23) Bought more
24) Lastly Don;t worry - be happy

Heck, the above is a typical trade manifestation of a gambler. To a gambler time period can be classified as follows:

Short Term - in minutes
Mid Term - in hours
Long Term - in days

Damn, it has developed into some sort of entertainment for me to watch his move everyday !!

I am not here to scare you people. I am talking about facts, price and volume momentum. Look for yourself has any stock today displayed meaningful rebound. Most almost closed at the lowest of the day. This shows weakness and there is nil momentum. Even if Dow Jones truly rebound today after 4 days of drop it doesn't mean the problems with Dow Jones is done with. The parabolic rise of Dow Jones from the low of 15,450.65 in January 2016 to 26,616.71 in Jan 2018 is considered a mania.

Stock are being push up not due to earnings growth but mainly through stock buy back programs which are heavily manipulated. Easy credit from banks enabled many corporations to buy back their share which not only push up their prices but also manipulate the earnings per share higer. Thus most companies looks good on the outside but rotten inside due to the share buyback manipulation.

Thus what i can conclude is that the Dow Jones is already done with. I don;t think we will ever see the Dow going above it's recent high in a long time. Dow is on the downtrend for sure and we shall see more violent moves and volatility moving forward. The Dow is on the way back to 19,000.

I am not here to scare you people. I am talking about facts, price and volume momentum. Look for yourself has any stock today displayed meaningful rebound. Most almost closed at the lowest of the day. This shows weakness and there is nil momentum. Even if Dow Jones truly rebound today after 4 days of drop it doesn't mean the problems with Dow Jones is done with. The parabolic rise of Dow Jones from the low of 15,450.65 in January 2016 to 26,616.71 in Jan 2018 is considered a mania.

Stock are being push up not due to earnings growth but mainly through stock buy back programs which are heavily manipulated. Easy credit from banks enabled many corporations to buy back their share which not only push up their prices but also manipulate the earnings per share higer. Thus most companies looks good on the outside but rotten inside due to the share buyback manipulation.

Thus what i can conclude is that the Dow Jones is already done with. I don;t think we will ever see the Dow going above it's recent high in a long time. Dow is on the downtrend for sure and we shall see more violent moves and volatility moving forward. The Dow is on the way back to 19,000.

I am not here to scare you people. I am talking about facts, price and volume momentum. Look for yourself has any stock today displayed meaningful rebound. Most almost closed at the lowest of the day. This shows weakness and there is nil momentum. Even if Dow Jones truly rebound today after 4 days of drop it doesn't mean the problems with Dow Jones is done with. The parabolic rise of Dow Jones from the low of 15,450.65 in January 2016 to 26,616.71 in Jan 2018 is considered a mania.

Stock are being push up not due to earnings growth but mainly through stock buy back programs which are heavily manipulated. Easy credit from banks enabled many corporations to buy back their share which not only push up their prices but also manipulate the earnings per share higer. Thus most companies looks good on the outside but rotten inside due to the share buyback manipulation.

Thus what i can conclude is that the Dow Jones is already done with. I don;t think we will ever see the Dow going above it's recent high in a long time. Dow is on the downtrend for sure and we shall see more violent moves and volatility moving forward. The Dow is on the way back to 19,000.

Investorss, be careful. Today the Hangseng Index has drop 697 points to 29,886. This can be considered drastic. The Hangseng and Nikkei is quite core-related to the Dow Jones as both of them can be considered as the bell weather of the Far East market.

A drastic drop of both means tonight Dow Jones might plunge. Hopefully the Dow will not plunge more than 500 points if not there will be another day of big selloff tomorrow in Asia.

Better be safe than sorry.

Happy Trading

Investorss, be careful. Today the Hangseng Index has drop 697 points to 29,886. This can be considered drastic. The Hangseng and Nikkei is quite core-related to the Dow Jones as both of them can be considered as the bell weather of the Far East market.

A drastic drop of both means tonight Dow Jones might plunge. Hopefully the Dow will not plunge more than 500 points if not there will be another day of big selloff tomorrow in Asia.

Better be safe than sorry.

Happy Trading

Investorss, be careful. Today the Hangseng Index has drop 697 points to 29,886. This can be considered drastic. The Hangseng and Nikkei is quite core-related to the Dow Jones as both of them can be considered as the bell weather of the Far East market.

A drastic drop of both means tonight Dow Jones might plunge. Hopefully the Dow will not plunge more than 500 points if not there will be another day of big selloff tomorrow in Asia.

Better be safe than sorry.

Happy Trading

Everyone better watch out. This might be the calm before the storm !!

Everyone better watch out. This might be the calm before the storm !!

Everyone better watch out. This might be the calm before the storm !!

In view of the recent run up in stock prices of steel companies around the theme of "steel play". I reckon it went too far (as far as the moon) due to the overly bullish expectation by investors. Investors are expecting sky high financial performance by these companies. But mostly reported only normalized financial results and below expectations.This has created an unsustainable situation where some smart investors started cashing out. Consequently this has resulted in a negative feedback loop where selling begets selling.

The problem has been magnified by the recent announcement of tariff imposition on steel and aluminium by Trump. As a result many investors are trapped in higher prices and cutting losses is not the option any more as losses mount. However another point of argument is that due to the recent announcement by Trump prices for rebar steel has in fact went up. Hence it provided hope for investors to hold long term. Unfortunately from past experiences all tariff hike fails. What makes you think it will be successful this time?

If you look deeper into the problem when America slap a 25% tariff on imported steel, where will the excess steel going to go? China is known to "dump" products that are oversupply into the market regardless of price. What they want is to create employment so as not to create discontent among its people.Another reason is because most large steel manufacturers are owned by the CCP or Chinese Communist Party. They are not going to stay put and keep quiet. How about Korea, Japan and Taiwan whose share in the American steel import are 10%, 5% and 4% respectively? Are they going to keep quiet and move the excess production into inventory? What i can say is that it will come a time where these Asian exporters will 1) impose similar retaliatory measures and 2) dump their excess production into the open market which will create an oversupply situation in the short term. This is because every country wants to protect their labor employment market.

Thus in view of the above uncertainty and the coming market rationalization (investors coming to their senses) i am not surprise to see our steel counters in Bursa getting whack this week when market perception turns from bullish to cautiously bullish. Hence, stock prices will soon have to come back down to earth. In my view for this week the following possibility might play out for the selected steel counters.

1) AnnJoo Target Price RM 3.30
2) Masteel Target Price RM 0.97
3) SSteel Target Price RM 1.86

This is strictly my personal opinion and not a recommendation to buy or sell.

Happy Trading.

In view of the recent run up in stock prices of steel companies around the theme of "steel play". I reckon it went too far (as far as the moon) due to the overly bullish expectation by investors. Investors are expecting sky high financial performance by these companies. But mostly reported only normalized financial results and below expectations.This has created an unsustainable situation where some smart investors started cashing out. Consequently this has resulted in a negative feedback loop where selling begets selling.

The problem has been magnified by the recent announcement of tariff imposition on steel and aluminium by Trump. As a result many investors are trapped in higher prices and cutting losses is not the option any more as losses mount. However another point of argument is that due to the recent announcement by Trump prices for rebar steel has in fact went up. Hence it provided hope for investors to hold long term. Unfortunately from past experiences all tariff hike fails. What makes you think it will be successful this time?

If you look deeper into the problem when America slap a 25% tariff on imported steel, where will the excess steel going to go? China is known to "dump" products that are oversupply into the market regardless of price. What they want is to create employment so as not to create discontent among its people.Another reason is because most large steel manufacturers are owned by the CCP or Chinese Communist Party. They are not going to stay put and keep quiet. How about Korea, Japan and Taiwan whose share in the American steel import are 10%, 5% and 4% respectively? Are they going to keep quiet and move the excess production into inventory? What i can say is that it will come a time where these Asian exporters will 1) impose similar retaliatory measures and 2) dump their excess production into the open market which will create an oversupply situation in the short term. This is because every country wants to protect their labor employment market.

Thus in view of the above uncertainty and the coming market rationalization (investors coming to their senses) i am not surprise to see our steel counters in Bursa getting whack this week when market perception turns from bullish to cautiously bullish. Hence, stock prices will soon have to come back down to earth. In my view for this week the following possibility might play out for the selected steel counters.

1) AnnJoo Target Price RM 3.30
2) Masteel Target Price RM 0.97
3) SSteel Target Price RM 1.86

This is strictly my personal opinion and not a recommendation to buy or sell.

Happy Trading.

In view of the recent run up in stock prices of steel companies around the theme of "steel play". I reckon it went too far (as far as the moon) due to the overly bullish expectation by investors. Investors are expecting sky high financial performance by these companies. But mostly reported only normalized financial results and below expectations.This has created an unsustainable situation where some smart investors started cashing out. Consequently this has resulted in a negative feedback loop where selling begets selling.

The problem has been magnified by the recent announcement of tariff imposition on steel and aluminium by Trump. As a result many investors are trapped in higher prices and cutting losses is not the option any more as losses mount. However another point of argument is that due to the recent announcement by Trump prices for rebar steel has in fact went up. Hence it provided hope for investors to hold long term. Unfortunately from past experiences all tariff hike fails. What makes you think it will be successful this time?

If you look deeper into the problem when America slap a 25% tariff on imported steel, where will the excess steel going to go? China is known to "dump" products that are oversupply into the market regardless of price. What they want is to create employment so as not to create discontent among its people.Another reason is because most large steel manufacturers are owned by the CCP or Chinese Communist Party. They are not going to stay put and keep quiet. How about Korea, Japan and Taiwan whose share in the American steel import are 10%, 5% and 4% respectively? Are they going to keep quiet and move the excess production into inventory? What i can say is that it will come a time where these Asian exporters will 1) impose similar retaliatory measures and 2) dump their excess production into the open market which will create an oversupply situation in the short term. This is because every country wants to protect their labor employment market.

Thus in view of the above uncertainty and the coming market rationalization (investors coming to their senses) i am not surprise to see our steel counters in Bursa getting whack this week when market perception turns from bullish to cautiously bullish. Hence, stock prices will soon have to come back down to earth. In my view for this week the following possibility might play out for the selected steel counters.

1) AnnJoo Target Price RM 3.30
2) Masteel Target Price RM 0.97
3) SSteel Target Price RM 1.86

This is strictly my personal opinion and not a recommendation to buy or sell.

Happy Trading.

Before we argue further on how the recent tariff on steel and aluminium going to impact Malaysia greatly in the future as we may not see in now or the near future (one or two months). One thing is certain is that anything ends with the word war is never good. We have world war, price war, drug war, cold war and so on. Have any of those wars end up good?.

Friday, Dow Jones rebounded from the low of 24,217 to end at 24,538 points. That was a 320 points rebound. The reason behind was traders were expecting Trump going to U-Turn his earlier decision which meant the tariff is not going to happen. However it turned out the other way round. Trump has escalated his trade war rhetoric.

On Friday Trump initiated the Retaliatory Tax which means he is going to retaliate what America's trading partners going to do. The following is what he tweeted on Friday.

" When a country Taxes our products coming in at, say, 50%, and we Tax the same product
coming into our country at ZERO, not fair or smart. We will soon be starting RECIPROCAL
TAXES so that we will charge the same thing as they charge us. $800 Billion Trade Deficit-have
no choice! "


EU President Jean-Claude Juncker responded with the following.

"Europe will react to the proposed U.S. steel action with tariffs on motorcycles (Harley-Davidson), bourbon whiskey and blue jeans." - Juncker


On Saturday, Trump has fired another shot across the bow by proposing to their their cars..

" If the E.U. wants to further increase their already massive tariffs and barriers on U.S. companies
doing business there, we will simply apply a Tax on their Cars which freely pour into the U.S.
They make it impossible for our cars (and more) to sell there. Big trade imbalance! "

That means Trump has advanced his trade war plan. When America starts to put tariffs into it's import it is initiating Protectionism. In global trade "Protectionism" means a restriction of free trade. This would end up every country going to put up fences against each other. Prices of goods is going to increase and inflation is going out of control. Another point is that world trade is going to slow down tremendously and what happens next? Factories going to export less because every country is going to buy less from others. Eventually unemployment will increase and growth is slowing. This end result will be a stagnant global economy or also known as stagflation.

Thus the consequences of all these will be high inflation and economic stagnation. So how good will it be for all the countries in the world? A good semblance of what is going to happen next when countries reciprocating in trade wars is by looking at President Bush's 30% steel tariffs in March 5th 2002. The S & P 500 plunge 30% afterwards. The United States backed down and withdrew the tariffs on December 4, 2003.

Thus i am not surprise if the Dow is going to plunge another 1000 to 2000 points next week if Trump impose the tariff next week.

Before we argue further on how the recent tariff on steel and aluminium going to impact Malaysia greatly in the future as we may not see in now or the near future (one or two months). One thing is certain is that anything ends with the word war is never good. We have world war, price war, drug war, cold war and so on. Have any of those wars end up good?.

Friday, Dow Jones rebounded from the low of 24,217 to end at 24,538 points. That was a 320 points rebound. The reason behind was traders were expecting Trump going to U-Turn his earlier decision which meant the tariff is not going to happen. However it turned out the other way round. Trump has escalated his trade war rhetoric.

On Friday Trump initiated the Retaliatory Tax which means he is going to retaliate what America's trading partners going to do. The following is what he tweeted on Friday.

" When a country Taxes our products coming in at, say, 50%, and we Tax the same product
coming into our country at ZERO, not fair or smart. We will soon be starting RECIPROCAL
TAXES so that we will charge the same thing as they charge us. $800 Billion Trade Deficit-have
no choice! "


EU President Jean-Claude Juncker responded with the following.

"Europe will react to the proposed U.S. steel action with tariffs on motorcycles (Harley-Davidson), bourbon whiskey and blue jeans." - Juncker


On Saturday, Trump has fired another shot across the bow by proposing to their their cars..

" If the E.U. wants to further increase their already massive tariffs and barriers on U.S. companies
doing business there, we will simply apply a Tax on their Cars which freely pour into the U.S.
They make it impossible for our cars (and more) to sell there. Big trade imbalance! "

That means Trump has advanced his trade war plan. When America starts to put tariffs into it's import it is initiating Protectionism. In global trade "Protectionism" means a restriction of free trade. This would end up every country going to put up fences against each other. Prices of goods is going to increase and inflation is going out of control. Another point is that world trade is going to slow down tremendously and what happens next? Factories going to export less because every country is going to buy less from others. Eventually unemployment will increase and growth is slowing. This end result will be a stagnant global economy or also known as stagflation.

Thus the consequences of all these will be high inflation and economic stagnation. So how good will it be for all the countries in the world? A good semblance of what is going to happen next when countries reciprocating in trade wars is by looking at President Bush's 30% steel tariffs in March 5th 2002. The S & P 500 plunge 30% afterwards. The United States backed down and withdrew the tariffs on December 4, 2003.

Thus i am not surprise if the Dow is going to plunge another 1000 to 2000 points next week if Trump impose the tariff next week.

Before we argue further on how the recent tariff on steel and aluminium going to impact Malaysia greatly in the future as we may not see in now or the near future (one or two months). One thing is certain is that anything ends with the word war is never good. We have world war, price war, drug war, cold war and so on. Have any of those wars end up good?.

Friday, Dow Jones rebounded from the low of 24,217 to end at 24,538 points. That was a 320 points rebound. The reason behind was traders were expecting Trump going to U-Turn his earlier decision which meant the tariff is not going to happen. However it turned out the other way round. Trump has escalated his trade war rhetoric.

On Friday Trump initiated the Retaliatory Tax which means he is going to retaliate what America's trading partners going to do. The following is what he tweeted on Friday.

" When a country Taxes our products coming in at, say, 50%, and we Tax the same product
coming into our country at ZERO, not fair or smart. We will soon be starting RECIPROCAL
TAXES so that we will charge the same thing as they charge us. $800 Billion Trade Deficit-have
no choice! "


EU President Jean-Claude Juncker responded with the following.

"Europe will react to the proposed U.S. steel action with tariffs on motorcycles (Harley-Davidson), bourbon whiskey and blue jeans." - Juncker


On Saturday, Trump has fired another shot across the bow by proposing to their their cars..

" If the E.U. wants to further increase their already massive tariffs and barriers on U.S. companies
doing business there, we will simply apply a Tax on their Cars which freely pour into the U.S.
They make it impossible for our cars (and more) to sell there. Big trade imbalance! "

That means Trump has advanced his trade war plan. When America starts to put tariffs into it's import it is initiating Protectionism. In global trade "Protectionism" means a restriction of free trade. This would end up every country going to put up fences against each other. Prices of goods is going to increase and inflation is going out of control. Another point is that world trade is going to slow down tremendously and what happens next? Factories going to export less because every country is going to buy less from others. Eventually unemployment will increase and growth is slowing. This end result will be a stagnant global economy or also known as stagflation.

Thus the consequences of all these will be high inflation and economic stagnation. So how good will it be for all the countries in the world? A good semblance of what is going to happen next when countries reciprocating in trade wars is by looking at President Bush's 30% steel tariffs in March 5th 2002. The S & P 500 plunge 30% afterwards. The United States backed down and withdrew the tariffs on December 4, 2003.

Thus i am not surprise if the Dow is going to plunge another 1000 to 2000 points next week if Trump impose the tariff next week.

Masteel might be penny stock today

It seems Monday Annjoo is able to break the 7 day consolidation. The prerequisites are there for a breakout.

1) Price have been well supported by by the MA 50 and MA 100
2) Volume accumulation is good
3) Pretty good result followed by better dividend
4) Expected better result announcement from other steel producers i.e Masteel, Prestar and so on

Shouldt test the recent high of RM 3.96.

What we want from this forum is to learn how other people trade, handle losses, read financial reports, insider moves, latest news and so on. Not daily non-stop bashing on others. Heck, get a life and move along. If those fellows are not constructive in their comments then don't screw up the mood here. We are here to make money and not enemy.

I am 100% sure those fellows who kept bashing others in their free time are losers. If you cannot handle losses then you are already a loser. A professional trader is not afraid to confront losses meaning he can look at the trading statement and figure out where went wrong. If you are not able to overcome this step then you will still end up a loser in the next 10 or 20 years. Confronting your losses is one of the prerequisite to successful trading.

There are many methods to make money in the stock market and Hng33 might have his method of making money. Some do day trading like Hng33, some do swing trading while some do medium and long term holding. There is no fix method or holy grail to make money in the stock market. If you reckon hng33's method is not for you then try swing or medium or long term hold. The main issue is whether the method suits your temperament.

Hng33 might screw up a lot of his trade but he is willing to cut losses. In stock market trading, for every 10 trades if you lose 8 or 9 trades you still end up a winner. Why? Because you are willing to cut loss in the 8 or 9 losing trades while letting your profits run in the other one or two winning trades. So i am not surprise if hng33 still make money in the market because he got two of the prerequisites right namely cutting losses and confronting losses. If not he already "tapao" long time ago. So you guys go figure it out why is he still trading here everyday if he loses everyday? Thus Wall Street's parlance "cut your losses and let your profits run" still hold. I know because i practice it.

For those fellows who condemn hng33, don't be such a clown. If i am not mistaken you fellows must have been fucked pretty bad by either hng33's previous recommendation or by mother market. Please respect other people's insights into the market. Hng33 is kind enough to disclose his trade book whether he win or lose. I respect him in this aspect. How many of you dare to talk about your losses? Most probably when your trade statement arrived through the post, you fellows probably chuck it into the dustbin.

To me whatever or whoever recommend a stock i take it as a blessing. If you don't do further research and jump into the fold then don't blame whoever recommends it to you. Why just keep on harping?

The lowest cost steel producer in Malaysia

A preview of Annjoo Steel.

https://www.youtube.com/watch?v=TVSMQ4iIHt0&feature=youtu.be

Sorry for the misconception some of you have on me. I did not disclosed i have sold until someone ask me what do i think of Masteel. Well just to be honest i told him i sold off everything. If i said that Masteel TP is RM 2.50 by year end then it will be a different story.

Anyway i am out of Masteel because i sense another opportunity in Annjoo. Annjoo is the biggest player in the steel industry thus will have the greatest exposure to any steel price movement in the country. It is rumoured to announce it's QR this friday and also going to declare a dividend between RM 0.15 to RM 0.19 DPU (dividend per unit). As for your information Annjoo pays out about 60% of its profit through dividend.

So, why not make full use of your money and take advantage of this fine opportunity? I can always buy back Masteel later if it present another opportunity later. Right?

Hubris kills in share market. Anyway would like to take this opportunity to thank Masteel for letting me to profit handsomely from it's share.

Will enter again if opportunity present itself.