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Topic: The Tom Yam Effect - Again?

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Mybear584
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Joined: 06 April 2006
Location: Outside
Posts: 1745

Posted: 20 December 2006 at 5:44pm \| IP Logged

That's cos' of the policy U turn by the Finance Minister.
Anyway, some foreign institution funds are using it as excused to sell down and lock in profits and close books for the year.
The CI actually went up 100 points in past few weeks.
Ripe for correction and where are all the 9MP projects which is supposed to spur the economy for next few years ???

brigitteforum
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Joined: 15 March 2006
Location: Selangor
Posts: 1297

Posted: 20 December 2006 at 4:33pm \| IP Logged

Anyway, getting back to the topic at hand ... bursa looks healthier today...

We live to breathe another day.

Brigitte

brigitteforum
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Posted: 20 December 2006 at 4:29pm \| IP Logged

Bear,

Exercise already. There's usually a deadline - in this case came and went.

Brigitte

Mybear584
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Joined: 06 April 2006
Location: Outside
Posts: 1745

Posted: 20 December 2006 at 3:06pm \| IP Logged

Brigitte,
The beauty of ESOS is that you don't have to exercise your options to subscribe for Star shares until such time there is substantial price difference between your option price and the market price and you want to sell the shares.

Nobody exercises their options and hold the shares, unless the options are due to expire soon.

So, only exercise the option when you can make $$ and want to sell. Nowadays, it takes about 2 weeks from exercise to listing of shares. This is the window period where the price swing may affect your profitability. Star is a pretty stable counter as compared to IRIS. So, less risk.

brigitteforum
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Posted: 20 December 2006 at 2:55pm \| IP Logged

Was with Star. Hence the esos. Still worry cause I don't want to be stuck with the shares forever.

Brigitte

arifin34
Senior Member

Joined: 24 June 2005
Location: Perak
Posts: 188

Posted: 20 December 2006 at 12:21pm \| IP Logged

Ohh, so if ESOS why worry.... just keep it as a long term investment. Good for you. Btw, are you with The Star?

__________________
ARIFIN ABDUL LATIF
State Director of Agriculture, Ipoh | Senior Consultant, ArifinLatif Consulting.
Freelance Consultant on Forecasting Econs/Stock Market Trends; ICT; PVP 0166094170

brigitteforum
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Posts: 1297

Posted: 20 December 2006 at 12:03pm \| IP Logged

Well, I didn't have to survey the situation or look at prices or anything like that before going in. It was esos actually.

So just hang on and hope for the best.

Brigitte

arifin34
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Joined: 24 June 2005
Location: Perak
Posts: 188

Posted: 20 December 2006 at 11:51am \| IP Logged

Its good that you're 'reassured'... you see I didn't even realised about the Thai authorities' action up north... and yesterday I just went in for the kacang putih stocks (IRIS @0.265) and presto its trading at 30 sen now. Well ada some pocket money-lah!

The lesson here was that I went in purely from my reading of the charts... i.e. no sentiments involved there. But actually if I were to hear about the news from Bangkok I might have not gone in yesterday evening! That's the power of not listening to the herd mentality.... this is the biggest problem for us small timers to adhere to. I admit that I might be plain lucky?

Anyway once bitten twice shy, so says most people out there. I would rather look at it from a different angle.... Ask yourselves this simple question: "Where did I go wrong the last time?" Then next time be extra careful and don't just jump in without doing your homework -- as it was the last couple of days saw overbought signals flashing out on the chartist screen.

Trendwise.... generally still bullish... for the Chinese they'll definitely play up the 'age-old wisdom' of the so-called Chinese New Year rally.... I hope it will materialise (boleh tumpang sekaki). And if you don't believe me just ask people like Fred Tam.

All d best again, Brigitte.

Edited by arifin34 on 20 December 2006 at 11:52am

__________________
ARIFIN ABDUL LATIF
State Director of Agriculture, Ipoh | Senior Consultant, ArifinLatif Consulting.
Freelance Consultant on Forecasting Econs/Stock Market Trends; ICT; PVP 0166094170

brigitteforum
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Joined: 15 March 2006
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Posts: 1297

Posted: 20 December 2006 at 9:58am \| IP Logged

Arifin,

I say, thank you for reassuring me... Was a bit worried there. Until I read today's papers and realised the other regional markets were also affected.

Comfort in company....

Brigitte

arifin34
Senior Member

Joined: 24 June 2005
Location: Perak
Posts: 188

Posted: 20 December 2006 at 9:32am \| IP Logged

Dear Fellow Malaysians/GMN forumers,

What do you all made of yesterday's news from Bangkok...? Reminiscent of the start of the Asian financial crisis of 1997/98? The papers are reporting various viewpoints... as for me I have my own -- trying to write now (hopefully in time for this week's My Say column in The Edge Malaysia).

My off-the cuff comment as of now is that DON'T FRET as the equation is not the same this time around. For one, Thailand is trying to curb the Baht appreciation - an exact opposite of 1996/97. First impression can be deceiving though. Bursa shall rebound in response to the knee jerk reaction yesterday.

The other irony is this: whilst Tun Dr M and Mr George Soros have 'shake hands' (they have just did that a few days ago!)... the next thing the Baht 'fumbles' (in the eyes of the Thai authorities).... kind of funny that a strong currency is not wanted??? We in Malaysia, we wish for a stronger RM. Of course there's always the export/import argument for a stronger/weaker currency.... either way but at what level? I guess, like water, it will find its own level.

What say you guys & gals?

Edited by arifin34 on 20 December 2006 at 9:45am

__________________
ARIFIN ABDUL LATIF
State Director of Agriculture, Ipoh | Senior Consultant, ArifinLatif Consulting.
Freelance Consultant on Forecasting Econs/Stock Market Trends; ICT; PVP 0166094170

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