Dear frens and forummers, i set up CHRISSYCONN to share our trading and investing ideas. We shall start afresh in this new place WE proudly call HOME .
It is our dream to become a Successful Trader as well as a Super Investor. To make our dream comes true, we embrace TA, FA and a business mentality.
Yes, we will be stressful pursuing our dream .... so ps feel free to share your humour with us so long as IT IS not offensive to anyone in this HOME.
Lastly, we would like to remind everyone to trade / invest at own risk should u choose to buy our stock pick .
FOR CHARTS, PLS VIEW OUR BLOG
http://chrissyconn.blogspot.com/
KUALA LUMPUR (May 11): Prime Minister Datuk Seri Najib Razak has blamed a failed initial public offering (IPO) exercise, as a result of being "attacked", as the main reason why 1Malaysia Development Bhd (1MDB) encountered problems, according to a Bernama report.
Bernama quoted Najib as saying that 1MDB used the debt funding approach to operate its business, which required an IPO to be undertaken in the shortest possible time.
"At the time, we tried different approaches as we did not want to utilise government funds. Government funds can be used for other projects or programmes.
"For 1MDB, we utilised 'debt funding' on condition that we will undertake an IPO very soon. Yet, we did not foresee that 1MDB would come under relentless 'attacks'," Najib said in an exclusive interview telecast live over TV1 last night in conjunction with Umno's 70th anniversary.
"When the 'attacks' were mounted, the IPO exercise could not be carried out, hence the cash flow problems," Najib said in the report.
The prime minister was also reported as saying that a report on 1MDB was submitted to the Public Accounts Committee (PAC) to establish if there were any irregularities or wrongdoings, on his part, in the company.
"PAC has presented its findings. PAC deputy chairman Dr Tan Seng Giaw, an opposition party member, made a public statement and opined that I did nothing wrong in 1MDB.
"I consider the 1MDB issue as a business problem ... (perhaps) its business model was not so suitable, its gearing was very high," he said, adding that this was turned into a political issue by certain quarters who used it to try and topple him.
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?
Bursastock, as I said that if european markets's future don't look good, sell it before 3pm. HSI is very volatile, I can not precisely telling you when to sell or buy. Trade FBMKLCI, you will have more time to react as KLCI usually not so volatile.
bursastockdummy .. bing is right ! we are here to learn from the experts (meaning to observe how they play) and not be spoon-fed .. there are also some telegram groups who only shout BUY BUY BUY but never SELL SELL SELL :):)
KUALA LUMPUR (May 11): The impact of negative news about 1Malaysia Development Bhd (1MDB) is short-term in nature and is unlikely to dent investors' confidence in the Malaysian stock market, said Templeton Franklin Emerging Markets Group executive chairman Dr Mark Mobius.
"The impact of news on 1MDB on the stock is short-term in nature and will not have a long-term impact on the stock market," he told reporters today on the sidelines of the Global Islamic Finance Forum 5.0.
"You will not see investors pulling out (of the stock market) because of that. It will not affect investors' confidence. Investors will look at individual companies and the stability of government," he added.
Bursastock, I learned my ownself, when I was rookie like you, I lost many time also. Failure is not a shame, learn from failure and keep improving yourself. Always preserve your capital, don't go all in.
doin GTR reverse gear downhill from mountain top!!! 11/05/2016 09:46
Let's have a guess of the "bottom reversal", everybody join in to guess!
My 1st : around 20040 (now) 10.00am C21 i buy now 0.24-0.25 11/05/2016 10:01 11/05/2016 10:01
10.14am Lower bottom another 100 deeper 18880,but overshooting below lower BB.. All my 0.24 done...Reversal shud be swift and strong next 2 hrs... 11/05/2016 10:19
10.35 am C21 7cents daily range oredi created 0.30-0.23=7. 11/05/2016 10:36
11.05am 4th steps up begins....(in 1min chart) 11/05/2016 11:05
11.25am Each step look like a tortoise. Now 5 tortoises in procession. We wait what happen when the tortoise-procession ends. 11/05/2016 11:26
11.30am 5minChart oredi cross midBBline @19974 and now hitting my 1st target at 20,000.......doing GOOD! 0.24-0.235 bot one now in the moneys, but i am greedy for somemore... crossed 20000 now... 11/05/2016 11:32
Next target 20025,created 21.10 10-05-2018 11/05/2016 11:36 1.05pm Switch to 30min candle count. Now 7th Candle (13.00)
2.25pm Now 9th Candle. Expect breakout 20,000 10-12th candle to be normal, 11/05/2016 14:28
2.41 Now 10th Candle broken 20,000 hit 20500 and pullback above, 20017 ...watch further for no reversal next candle/11. 11/05/2016 14:43
4.00pm 12th Candle , looks like meaningful rebound or rise only in the night market and tomorrow. I will hold. Noted the 3 days same bottoms at 19980...
4.00pm 12th Candle , looks like meaningful rebound or rise only in the night market and tomorrow. I will hold. Noted the 3 days same bottoms at 19980...
This clown is literally making me laugh with the brainless comment made. Aiyooo..Is the IPO in Bursa? Rakyat participate in Bursa too? Borrowings in excess of asset value..what happened to stock price? Subscribers buy high sell low (and maybe lower) who suffer in the end?...F minister...laugh to the max...
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
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 Christine Goh > 2014-03-11 21:40 | Report Abuse
Dear frens and forummers, i set up CHRISSYCONN to share our trading and investing ideas. We shall start afresh in this new place WE proudly call HOME . It is our dream to become a Successful Trader as well as a Super Investor. To make our dream comes true, we embrace TA, FA and a business mentality. Yes, we will be stressful pursuing our dream .... so ps feel free to share your humour with us so long as IT IS not offensive to anyone in this HOME. Lastly, we would like to remind everyone to trade / invest at own risk should u choose to buy our stock pick . FOR CHARTS, PLS VIEW OUR BLOG http://chrissyconn.blogspot.com/