Monday, October 24, 2011
Tuesday, October 18, 2011
I've always wanted to get my hand on a physical platinum 1 oz coin when it was trading at USD 800 - 1000 range two/three years ago but unfortunately there weren't any legitimate seller in the Malaysian metal market. So if you're in Australia, USA or Europe, this is simply a must-grab physical item..!
Monday, October 17, 2011
Aussie today climbed to a intraday high of 3.22 in the morning but has since slid to 3.17 against the Ringgit in the evening as news of German Finance Minister dampened hopes that the impending summit would produce a breakthrough in Euro debt crisis. AUD/USD dropped from 1.04 to 1.02
Wednesday, October 12, 2011
AUD soars to 3.18 Ringgit (1 month chart) and GBP/MYR at 4.93
Indonesia cuts its cash rate while Singapore Monetary Authority had said it will slow the appreciation of its dollar. Will Malaysia cuts its cash rate and loosen its monetary policy too..?
CRB Index (12 mths chart) is recovering to 311 but still below 50Day Moving Average.
Friday, October 7, 2011
AUD/MYR seen trading at 3.10 level
GBP/MYR stayed at 4.91 level
Tuesday, October 4, 2011
AUD/MYR plunges to low of 3.0229
GBP/MYR dip to a low of 4.91 from 4.99 (within five hours).
Monday, October 3, 2011
AUD may revisit recent low of 3.06 if selling of commodities continue within the week so it's best to stay at the sideline or buy the option at strike of 3.00 if possible...
If you're already holding AUD, then consider doing an XAU/AUD option swap at strike/exercise price of 1600 or 1500 level as XAU/AUD is currently trading at 1700.
Meanwhile GBP/MYR has soared to high of 5.00 from below 4.80 within four weeks..
Sunday, October 2, 2011
Meanwhile a look at some of the companies mentioned by friends....
QL Reso ( nta 92, Q/Q 3.9/ 3.3 sen ). It's overpriced, trading at RM 2.60 and would be one of the stocks I'll go short on. Fair value RM 1.60 to 1.80
Supermax (nta 212, Q/Q 11/10/ 7/ 6 sen). Trading close to PE 11 at RM 2.80, rebounding from RM 2.30 range last week. Worth a nibble below RM 2, screaming buy at RM 1.20 w/ PE 5
HS Plant (nta 230, QQ 5/ 7/ 7/ 9 sen ) Trading at RM 2.40, it recovers everytime it plunges to RM 2 level... This is one company worth looking at when share price plunges below RM 2. Whack hard at RM 1.50 range...
It sure doesn't make much sense to look at fundamentals of a company for great buy at the moment cos' when market tanks every companies share price gives way.. We're staring at the scenario where market hits the panic button at every negative news and investors/ traders find every excuse to dump shares to preserve their capital... What to do in times like this...? Google the term CAPITULATION and do your research ; it's gonna be worth the time...