I3investor most experienced investors, traders, punters gather to exchange their views on current stocks! Beware! Most of their views may not be suitable for those under 90s!
Hi bro step6978, tq for trusting me but i dont wish to comment any ta from yesterday onwards. Pl go to connie thread n ask kuya hawk for advice. For me, the uptrend is not broken yet, 825. So m stil holding. Tq.
KUALA LUMPUR, April 28 (Bernama) -- The ringgit closed higher against the US dollar Monday on short-covering activities, dealers said.
At 5 pm, the local note was quoted at 3.2640/2660 against the greenback from Friday's 3.2690/2710 close.
A dealer said the local note was mixed against a basket of major currencies.
The ringgit appreciated against the Singapore dollar to 2.5991/5026 from 2.5994/5018 Friday but eased against the euro to 4.5262/4299 from 4.5223/4258 previously.
Against the British pound, the domestic currency was lower at 5.4976/4019 from 5.4949/4989 on Friday but increased against the yen to 3.1912/1941 from 3.1974/1009 previously.
World economies are improving....malaysian fundamentals unchanged.....today jumbo sales....buy mid cap stocks with good fundamentals.....avoid penny stocks. US: Debt paydown projected to be biggest in seven years The US Treasury Department announced the biggest quarterly paydown of government debt in seven years, as a stronger labor market helps boost tax revenue. The drop in net marketable debt will be USD78bn in the April-June period, USD38bn more than the paydown projected three months ago, with an end-of-June cash balance of USD130bn, the Treasury said today in Washington. The improvement will be short lived - net borrowing of USD169bn is projected next quarter, with USD130bn in cash Sept. 30. (Bloomberg)
US: Consumer confidence near six-year high, home prices rise US consumer confidence dipped in April but remained near a 6-year high, while home prices rose in Feb 2014, suggesting the economy continued to regain momentum after a winter lull. The Conference Board said its index of consumer attitudes dipped to 82.3, the second-highest reading since Jan 2008, from an upwardly revised 83.9 in Mar 2014. An unusually cold and snowy winter disrupted economic activity early in the year. The expectations index rose to its highest since Aug 2013, hitting 84.9 in Apr from an upwardly revised 84.8 in Mar, while the present situation index fell to 78.3 versus an upwardly revised 82.5 last month. (Reuters)
Beware Traders!!!! "90% traders lost money. 50% burn everything in one week. 30% never come back. 10% got eye cataract. 5% got mental breakdown & 1% got heart attack " - DR. MOHD NAZRI KHAN, Head of Retail, AFFIN
Univision says Comcast buy of TWC could be 'bad for Hispanic audiences'
The head of the Spanish-language television network Univision [UVN.UL] said on Monday that Comcast Corp's plan to buy rival Time Warner Cable Inc could be "bad for Hispanic audiences."
PR Newswire agrees to curb early access for high frequency traders
NEW YORK (Reuters) - PR Newswire will require customers that receive direct feeds of its market-moving releases to certify they will not engage in high-frequency trading on the information, New York Attorney General Eric Schneiderman said late Tuesday.
Glam Media changes name to Mode, expands into online video
SAN FRANCISCO (Reuters) - Glam Media, the online lifestyle publishing company, is changing its name to Mode Media and heading into the increasingly crowded market offering original online video programming.
Publicis, Omnicom seek to resolve leadership spat over CFO job - sources
The chief executives of advertising companies Publicis <PUBP.PA> and Omnicom Group <OMC.N> are working together to resolve a seven-month-old struggle over who will be chief financial officer of their combined group if the $35 billion merger is completed, three people close to the deal said on Sunday.
Mediaset confirms foreign interest for its pay TV business
Italian broadcaster Mediaset <MS.MI> confirmed it had received expressions of interest from foreign players for its pay-TV business - though it gave no names - as media speculation grows a tie-up could be on the horizon.
WPP thumps forecasts with strong Q1 organic growth
WPP <WPP.L>, the world's largest advertising group, reported a much better than expected 7 percent rise in first quarter like-for-like revenue growth and said it had seen a surge in new client wins due to changes in the industry. - thestar
30 april 2014 - The FTSE Bursa Malaysia KLCI (FBM KLCI) ended at 1,871.52 points, up 12.18 points, after hovering between 1,857.07 points and 1,871.52 points throughout the day.
However, market breadth was negative as losers led gainers 419 to 362 while 325 counters were unchanged, 527 untraded and 30 others were suspended.
Turnover was lower at 1.5 billion shares, worth RM2.5 billion, from yesterday's 2.5 billion shares worth RM2.2 billion.
US: Consumer spending in jumps by most in five years Consumer spending surged in March by the most in almost five years as warmer weather brought shoppers back to auto-dealer lots and malls, a sign the U.S. economy gained momentum heading into the second quarter. Household purchases, which account for about 70% of the economy, climbed 0.9%, the most since August 2009, after a 0.5% gain in February that was larger than previously estimated, Commerce Department figures showed today in Washington. The median forecast of 77 economists in a Bloomberg survey called for a 0.6% gain. Incomes increased by the most in seven months. (Bloomberg)
AmResearch has maintained its Hold on Puncak Niaga with a fair value of RM3.40 after the group bagged a RM97mil contract to build a water treatment plant in Sarikei, Sarawak.
CIMB Research has maintained its Add call on Prestariang with a target price of RM2.23, saying that its share price goes ex-bonus issue on Friday.
Encorp: FIC conducting due diligence Felda Investment Corp (FIC) is carrying out due diligence on Encorp, sources say. FIC, which was set up last year, is ramping up property development and investment activities and is looking for a good vehicle to support its growth plan. According to sources, it has identified property development and tourism projects as core activities. It was reported that FIC is looking to buy a substantial stake in Encorp, controlled by CEO Yeoh Soo Ann and COO Mohd Ibrahim Masrukin who last year undertook a management buyout of Encorp by taking over Lavista Sdn Bhd, which owned a 30.55% stake in the company. Lavista is a private vehicle of former Encorp executive chairman Datuk Seri Effendi Norwawi. (Bernama)
US: Orders propel US service industries as sales improve Services, the biggest chunk of the U.S. economy, picked up in April as gains in orders and sales signaled even faster growth ahead. The Institute for Supply Management’s non-manufacturing index rose to 55.2, the highest level since August, from 53.1 in March, the Tempe, Arizona-based group’s report showed today. Readings above 50 indicate expansion. Bookings jumped by the most in four years. Retailers, restaurants and construction companies were among the 14 industries reporting growth last month as the world’s biggest economy rebounds from a weak first quarter. (Bloomberg)
Many may have influence by the motto 'Sell in May & go away'. Thus, the prices are rather low in May. Therefore, buy in May & sell when you come back.....:))))
Fund managers cannot continue buying at current prices. They need to buy at lower prices to make more money. They have KIP to achieve every quarter. Therefore, they need to create story to create fear to the market. World Cup is a good story.
Bull market will "end badly" but still has a long way to go, says Jeremy Grantham of GMO. Hedge fund manager's latest quarter letter, published in Barron's, is that Grantham predicts the current bull run "will not end for at least a year or two and probably not before it reaches a level in excess of 2250 on the S&P 500"
US: Yellen says ‘high degree’ of accommodation still needed Federal Reserve Chair Janet Yellen made it clear she believes the economy still requires a strong dose of stimulus five years after the recession ended because unemployment and inflation are well short of the Fed’s goals. “A high degree of monetary accommodation remains warranted,” Yellen said today in testimony to the Joint Economic Committee of Congress. “Many Americans who want a job are still unemployed,” and inflation is below the central bank’s 2% target, she said. (Bloomberg)
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....
Posted by Fortunebull > 2013-12-03 20:12 | Report Abuse
I3investor most experienced investors, traders, punters gather to exchange their views on current stocks! Beware! Most of their views may not be suitable for those under 90s!