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Genting Sing
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iPunter
Supreme |
09-Feb-2011 16:20
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As you become more experienced, you will find that       every single day is a day of uncertainty...           People will say they 'follow the trend'.                     But the truth is no one knows the trend until after the event... ![]()
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hpong5
Master |
09-Feb-2011 16:17
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anyone knows who counterparty ISS is??? | ||||
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rotijai
Supreme |
09-Feb-2011 16:15
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next move? wait for STI to be done with lsing.. lol
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BullishTempo
Supreme |
09-Feb-2011 16:08
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Roti boy, yes.   CPO is bullish and fundamentals strong. So what is your next move?
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BullishTempo
Supreme |
09-Feb-2011 16:04
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hi brother epliew, welcome back! Well... we will see if there is another opportunity after GenSp announcement. But I doubt it. 
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iPunter
Supreme |
09-Feb-2011 16:03
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As a trader, it appears you must learn to " mau" big and average up too...     Otherwise, making kachang profits will make you lose patience.           And getting stopped out will also make you pull your hair                   and bite your nails every day.                         Thus, learning the right basic things is very important...                               If not, your inspired $600k dream can evaporate very fast... ![]()
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rotijai
Supreme |
09-Feb-2011 15:55
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Palm at 3-yr high on supply, China growth prospects (09 Feb, 2011) Malaysian palm oil futures jumped to a fresh three-year high on Wednesday as traders bet on further tightening of supplies and strong economic growth underscored by China's surprise rate move. On Tuesday, China, the world's No.2 vegetable oil buyer, raised interest rates for the second time in just over six weeks, renewing its battle with stubbornly high inflation. "Theoretically market should fall after Chinese government increased bank interest rate but traders think the other way round. They see it as a hint of strong economic growth within 3 to 6 months," said a trader in Kuala Lumpur. Palm oil also drew support from concerns that the recent heavy rains and floods would have an impact on yields in Malaysia. A Reuters survey showed Malaysia's January palm oil stocks could fall to a six-month low of 1.45 million tonnes ahead of official government release due on Thursday. By midday, the benchmark April crude palm oil contract on the Bursa Malaysia Derivatives Exchange rose half a percent. Earlier in the day the contract hit a three-year high of 3,929 ringgit ($1,295.204) a tonne. Overall volumes shot up to 11,559 lots at 25 tonnes each, compared to the usual 7,500 lots. Technicals were also bullish. A Reuters analysis showed palm oil is likely to surge towards 4,060 ringgit per tonne as an upward wave (5) is advancing. The most active Sept. soyoil contract on China's Dalian Commodity Exchange hit two-week highs, playing catch up with overseas markets that gained when the country's financial market were closed for one-week Lunar New Year holiday. "China's markets have not recover fully as most traders still on holiday," a trader in Shanghai said. "The trade also reflect traders anxieties on world's food supply ahead of U.S. Department of Agriculture's global supply/demand data." The USDA report due later in the day is likely to report an additional tightening of U.S. and global soybean stocks in February, analysts said earlier, providing upward momentum for global oils and grains prices. U.S. soyoil for March delivery inched up in Asian trade hours ahead of the data. | ||||
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epliew
Supreme |
09-Feb-2011 15:51
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Happy lunar new year to all.
Happy for all who profit from the stock market, especially bt my source of knowledge and hope one day I will be like you turn my capital to profit....
Maybe I should open cfd account. My 60k could be 600k.....
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iPunter
Supreme |
09-Feb-2011 15:49
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In addition to " mau" big,   averaging up is another way to get rich in the stock market...  ![]()
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BullishTempo
Supreme |
09-Feb-2011 15:40
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CPO price remains high due to bad weather and thus low production and supply of CPO. CPO resistance is at   $3950 per tonne. If resistance breaks, we will see $4000. GAR and Indo are CPO plays, not Olam. Yes you can say Gar and Indo are good buys now at current price. As to when STI will bounce back I cannot say. Dow has been on a winning streak for 7 straight sessions. I have a feeling Dow will have a correction tonight. But even then, that may not stop you from buying CPO counters   ![]()
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hpong5
Master |
09-Feb-2011 15:39
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Anyone know who ISS is in the counterparty? | ||||
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rotijai
Supreme |
09-Feb-2011 15:33
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so that if CPO remains this high and STI decides to bounce back.. indo,olam and GAR are good buys?
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BullishTempo
Supreme |
09-Feb-2011 15:26
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Yup.
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rotijai
Supreme |
09-Feb-2011 15:25
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BT, the CPO price goes up today even after the hike in interest rate.. is that the reason why palm oil related counters dont suffer as much as other counters?
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bladez87
Master |
09-Feb-2011 15:21
![]() Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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thank goodness GAR nv follow market. but maybe by saying this i might have .... |
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BullishTempo
Supreme |
09-Feb-2011 15:18
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You can say I was lucky. I traded one and only one counter from June to October period last year. I bought in around 99 cents for GenSp using CFD (30k becomes 300k), and I kept averaging up till it reached 2.18 Single most profitable period of my trading career so far. 
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bladez87
Master |
09-Feb-2011 15:17
![]() Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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my tutor also told me, why trade SGX? go NYSE. wall street. dow jones counters. when we trade, we want make it big. and to make it big we need to trade in US, where we can make it BIG or die trying.
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bladez87
Master |
09-Feb-2011 15:14
![]() Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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o man and from that 30k you actually made so much? gosh, i have lost nearly 1/3 of your capital or more than 1/2 of mine lol
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eastcivic
Elite |
09-Feb-2011 15:02
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that would be very good :D
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ic1990
Senior |
09-Feb-2011 14:59
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1 shot power power 3120 la. haha
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