simple analogy: Downgrade= drop from A to A-= 80 marks to 60 marks= daddy mummy used to buy handphone for 80 marks now buy handphone cover for 60 marks=punishment
found and read the Fitch's negative outlook paper by CIMB Analyst (Terence WONG, CFA and LEE Heng Guie), i quote some here from their Valuation and recommendation: "Our preferred sectors remain the Economic Transformation Programme winners, i.e. the oil & gas, construction and property sectors."
Steve Jub, whatever this fellow (CIMB analyst) wants to say ie. borrowing costs, fund outflows, investment climate and other macro issues, we have actually mentioned it during the session, no points recommending top picks here and there, at the end of the days, most of us suffers tremendous losses.
the buyer and seller is in the same office......sitting next to each other....Trader A sell....Trader B buy....to create fear to weak investor and at the same time they will use the opportunity to sapu....I love watching this game.....It very entertaining though....I intend to joint them later....
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Steve Jub
4,203 posts
Posted by Steve Jub > 2013-07-31 17:06 | Report Abuse
sorry to hear that dummytrader, unable to have holding power?