expected some profit taking, but it was too mild. Hope to get some more...

foreign funds today become net-buyers. Hope more to come...

hopefully it will maintain its uptrend and not just one day show...

Pristine68, I am not sure if we can reach your target of 1670-1680 by next few days or not, but no matter what, please do not say good bye. We can always paper trade here or share our trade ideas. Not necessary have to be in the trade. I am sure sometimes we are bullish on a stock but we may not actually buy it.

bursastockdummy, I predict the number should be quite in line with expectation, but we have to be careful if it comes up a lot better or a lot worse

bursastockdummy, we will be busy tonight for news:
- OPEC Meeting
- Europe Interest Rate Decision (Jun)
- ADP Nonfarm Employment Change (May)
- US Crude Oil Inventories

tomorrow morning:
- China Caixin Services PMI (May)

I do not keep anything today

bursastockdummy, if rchi is right, the KLCI will be in uptrend this month because of window dressing. I would recommend FBMKLCI-C46 because its exercise price 1,640 is closer to the current future index. Also Exercise Ratio is at the lowest 300. Have to hold for weeks.

but HSI index warrant is better especially if you want action everyday

great battle back and forth there at Airasia

I have not finished typing about Emetall, it got sapu...

observing Emetall... suddenly big buyers queuing

Aw Wee Kai,

You raise a good question. We need to find out what is the historical percentage of the racking and machinery business in terms of revenue. Need to check the previous quarterly reports

Yen Leng, I do not think I am able to predict. I look at the earning reports and find those that are undervalued

every quarter we have companies that report exceptional earnings. 2 quarters ago it was Comcorp. Last quarter we had Tawin. This quarter we have Emetall.

bursastockdummy, you look at HSI right now -- up more than 2%. That is why HSI index warrants are the most popular warrants. And you can compare the volume. Most of the traders are in HSI index warrants.

bursastockdummy, you concentrate on HSI index warrant is good enough, no reason to look at KLCI index warrant

Pristine68,

FBMKLCI-C38 1,690.00 500 30 Jun 16
FBMKLCI-C46 1,640.00 300 29 Jul 16

If we compare the 2 index warrants based on the following criteria -- exercise price, exercise ratio, expiry date, effective gearing:
exercise price --> advantage FBMKLCI-C46
exercise ratio --> advantage FBMKLCI-C46
expiry date --> advantage FBMKLCI-C38
effective gearing --> advantage FBMKLCI-C38

I do not look at Effective Gearing nowadays because it shows a distorted number when the index warrant is way out of money. The E.G of FBMKLCI-C28 is at the highest -- over 50, but it is unlikely that we are going to enjoy it (lower probability).

in practice,
1) the index warrant with the lowest exercise ratio will move faster
2) the index warrant with the closest exercise price to the current index future will move faster
3) the index warrant with the nearer to expiry date will move faster

Anyway I do agree FBMKLCI-C38 is cheap enough that it deserves consideration but I will not recommend it for day trading.

Pristine68 & bursastockdummy,

for intra-day trades, you can not find any index warrant better than HSI. The intra-day high and low of HSI is large enough for traders.

KLCI does not move much in a day, so KLCI index warrant is more suitable when there is a trending market -- either uptrend and downtrend, and it is profitable for keeping days or weeks. It is not suitable for sideway market.

if you must trade KLCI index warrant, you have to choose one that is responsive. Its exercise price must be close to the current index future.

According to the following page:
https://www.malaysiawarrants.com.my/mqmy/tools?sp=lmatrix

FBMKLCI-C46 will up 0.5 sen for every change 3-3.5 points change in index future

FBMKLCI-C38 will up 0.5 sen for every change 9.5 points change in index future

no wonder your FBMKLCI-C38 trade did not go well...

Maybank drops 20 sen

is the sell off related to 1MDB again? KLCI is the worst performing market today

the banks are under pressure

does anyone know any news that triggers today's sell off? did not expect KLCI to drop that much

UAE's IPIC says paid interest after 1MDB default

http://www.theedgemarkets.com/en/article/uaes-ipic-says-paid-interest-after-1mdb-default

if it is just a business issue, then why key witnesses do not dare to come back to Malaysia to testify? why so many authorities overseas are investigating possible money laundering violation? why foreigners related to the case being charged or dismissed of work? And when can show us the so-call "units"? why only talk and never show us any concrete proof?

bursastockdummy, you have to evaluate each situation to see if the odd is with you or against you. It is okay to sell first and ask question later. You can always buy back. If 1MDB defaults again, index-linked stocks will be the ones that will get affected the most, and thus your index-based warrant. I will only buy after the news is out.

today May 11th is the due date for 1MDB bond's interest payment. Since they already defaulted once, maybe would default again today.

today May 11th is the due date for 1MDB bond's interest payment

Good news:
US unlikely to hike rate in June
Oil price stable
oversold overseas markets likely to rebound

Bad news:
1MDB bond payment due May 11th (foreign fund has been net seller)
US growth slows
weak China data
Ringgit weakens

wslywei & flyingkite,

Better sell first and ask question later. You can always buy them back . Maybe not using the term "CUT LOSE" will help you (it sounds too negative). Instead, convince yourself to use the term "Sell High, Buy Low" (sounds more positive).

Selling like this should become a second nature.

I thought HIAPTEK could not get higher. I might be wrong...

looks like foreign fund is net seller again today

rchi, do you think the rally is just temporary?

The biggest US economic release this week is monthly payrolls, due on Friday.

SS1967, when I write this HSI is at 20,837.49 but HSI future is at 20,697. Please note HSI index warrant is referring to HSI future

flyingkite, we need to read the latest news
www.investing.com

Caixin PMI comes in weaker than expected in April at 49.4 (forecast 49.9)

http://www.investing.com/news/economic-indicators/caixin-pmi-comes-in-weaker-than-expected-in-april-at-49.4-399419

duitKWSPkita, I have no doubt that some of you have very good intention to help others, which I like about this forum.

But for some reasons (maybe communication skills, lack of confident, or afraid of mistakes, or not wanting to disclose too much advance knowledge etc), you are not trying hard enough to convince people to listen to you.

StingRay, are you looking at salted fish IFCA?

"No matter how high the technical rebound target, right after May 17' 2016 you will see lower low for at least 1 month..............."

duitKWSPkita, that's a scary conclusion. May we know what's the reasons for that?

bomoh power buying Tenaga..

Just came back to office and I must have missed something.

Does anyone know why KLCI is week the whoile day? And what happened to HSI at around 11am? I do notice Nikkei is down 3% right now

Fed Statement Tracker

http://projects.wsj.com/fed-statement-tracker/

The Underlying Price at Macquarie web site = 21,253.00
HSI currently around 21,362

21,349 HSI Future (April)
21,260 HSI Future (May)
20,980 HSI Future (June)

Looks like the Underlying Price refers to HSI Future (May)

Pristine68, I also think the drop of 20 points are overdone. Anyway, I am not complaining. Am able to buy some stock at cheaper price. Hopefully this is just temporary.

the last time FOMC meeting March 15th KLCI closed at -0.6%

C19 is currently out of stock. Macquarie is buying C19 at RM0.155 or RM0.16 currently around 21150-21160. Currently the Bid Price and Ask Price are RM0.18, RM185 respectively. Wish they would come down...

duitKWSPkita, do you mind to share with us PTGTIN and ECOFIRS-WC?

what do you like about them that you take a position on these 2 counters?
Anyway, congratulations!

1MDB says it has defaulted on US$50m interest for US$1.75b Langat bonds

necromancer, there is an example here provided by Macquarie
https://www.malaysiawarrants.com.my/mqmy/indexdw

HSI future on the last trading day 28/04/16 is used to calculate the final settlement.

If I remember correctly, you will receive a check sent by Macquarie. Usually we do not keep warrants until expiry.

note that there are still people queuing to sell HU and C17. They should have sold them earlier, the latest before the market maker done for the day at 4.13pm

AAX and especially Airasia look bad. I expect the downward tend would continue so would sell first and buy them back later.