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 (Feb 9): Local brokerages are of the view that the recently-announced measures to stimulate the stock market will help boost trading velocity in terms of volume and turnover, expand investor base and push the benchmark FBM KLCI to new heights.
In view of the announcement made by the Prime Minister Datuk Seri Najib Tun Razak at the opening of the Securities Commission’s World Capital Market Symposium on Tuesday (Feb 6), the Association of Stockbroking Companies Malaysia (ASCM) described the new measures as a “tremendous leap forward” towards improving market performance.
The measures include liberalising the margin financing rules, allowing intraday short-selling and adding a new category of traders known as "trading specialists".
“(Allowing) intraday short selling (IDSS) will increase daily transactions, as we will now have a long/short market. With adequate and effective controls, IDSS will enable investors to trade both ways. IDSS will also have a stabilising effect on market prices,” the association said in a statement today.
ASCM also said the liberalisation of rules governing margin trading will accord the industry, additional flexibility in managing their businesses.
“The exemption of stamp duty on mid- and small-sized public-listed companies should further encourage investors’ attention to this segment, which has long been below their radar,” ASCM said.
“New entrants to the market will enjoy six months waiver on trading and clearing fees. This is a positive incentive to rejuvenate the market by attracting new players,” the statement added.
ASCM expects the volume-based incentive programme and the introduction of a trading specialist to further enhance investors’ participation, alongside other measures.
ok,my take,this rebound if it occur will be hard to make money too as lots of ppl are scared till they shit green color shit,so dun hope to earn like in january as many incur huge losses.
ya wiki .. when i look at dow weekly, price is still way above 200EMA !! need not be too panicky ... it may well be just a correction ie NOT A REVERSAL
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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/