KUALA LUMPUR: The ringgit is expected to trend lower against the US dollar next week in anticipation of a possible interest rate hike by the US Federal Reserve.
Affin Hwang Investment Bank Vice-President/ Retail Research Head Datuk Dr Nazri Khan Adam Khan said most Asian currencies would also trend lower, given the strong US dollar index following the possibility of interest rates being raised at the next policy meeting on Sept 20-21. "Market will react defensively, because if the US Federal Reserve were to raise interest rates this month, we may see an outflow of foreign funds.
I had entered this counter at RM0.60 and keep pulling down cost since RM0.46. No more bullets to add at current price. Price not moving and din see anything special on this counter. Money stuck and breakeven cost is at high level. Will only consider to add in when price drop to RM0.395 - RM0.40 level.
I though RM0.44 is the lowest and had dump in all bullets during that time. Now just can wait and see. Hopefully it can rebound so that my money dun stuck in this counter for unknown period of time.
Furthermore, our share market keep closing red this week. I really dunno when will be the lowest and best time to enter... Even historical data cannot help.
. oil price extremely volatile at this time can swing with variance of usd1 within minutes guess oil traders uncertain over oil glut, rate hike, coming opec/non-opec meeting, demand data etc most oil counters going south this week...may continue. some cut lost and find next bottom i am still keeping but wait and see,..perhaps a bit longer for next entry.. good luck!
kent05, my cost still remain at RM0.585.. Dump in quite a lot in RM0.60 range. Small little money invested at current moment wont affect too much on my breakeven cost.
When it dropped from RM11 to RM9 many investors said cheap. Then from RM9 to RM4 many research houses shouted to buy. After that RM4 to RM2 ... people average down. After certain period below RM1.00. Last but not least shares consolidated 5 to 1 if I'm not mistaken.... yet the price is below RN0.50.....what's wrong with this counter ? Even rumours said it will privatize by Lee for few times. The price n volume shooted up and trapped many people. Yet still have someone so loyal to this counter and keep promoting....
goldentriangle, I am holding quite a significant number of share for this counter. I dun really confident on this counter. Break above RM0.6? How long time it needed? My cost sill remain at RM0.585... I had been buying a lot during recently months. But cost still maintain at high price..
KNM is a sleeping giant...and is poised to wake up after FOMC meeting tomorrow...next week OPEC informal meeting will bring positive catalyst for KNM....first target 0.50...
I have been with this counter for the last 7 years, my experience is that it will never touch 0.80...... never, the highest it can go is .60 Unless and only unless, EPF comes in. Does anyone know if EPF plans to purchase KNM again?
selling at a loss is NOT STUPID! it's called CUT-LOSS. example: those who bought parkson at rm8, sold at loss at rm7.50 are the smart ones! but those who bought parkson at rm8, and STILL HOLDING now at rm0.80 are the STUPID ONES!
KNM Start making profits last quarter and renewable energy revenue start generate in early 2017. Will change to uptrend for longer term. Just need a bit time . But no contra player.
Retail like parkson are sunset business. While oil we still nees it everyday n demand will increase due to higher global population. Now oil n gas is in the worse situation but mayb in 1-2 year things will change.also malaysia stock market is really bad now coz foreign fund not coming in. Thanks to the stupid government n shameless 1 malaysia family. We can only see the light if foreign have confident on our market ..then there is chance * shooting like rocket * lol
Gen lee told his gunman for last round engine checking. Rocket gonna to take off on next week. He also remind his pilots to buy insurance because he not sure whether will explode when taking off.
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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....
riko
2,730 posts
Posted by riko > 2016-09-10 13:50 | Report Abuse
see more rocket...