17th November 2008

Posts : 90 Join date : 2008-11-09

Hi Guys,

Take a break for the moment, minum kopi luwak.

Some stocks have formed some formations for a rebound.

Asia rebound has to be lead by Hong Kong. Following last night DOW dropping 2.6%, Hang Seng is anticipated to opens lower and hopefully thru the intraday session, it will gain strength and start it's rebound.

The only kan tao now that I can give you is to wait for big brother Hang Seng to take the lead.

Good luck and happy trading.

Regards.
Hendrick

Posts : 90 Join date : 2008-11-09

Hi Guys

Waduh! Hang Seng could not take the lead to rebound.

Better to just stay on side till the bull start to pound it hooves.

What goes down must come up. Question is when? Just wait and see.

Maenwhile, if you can, intraday trading is still lucrative in volatility.

Stay tune.

Regards.
Hendrick

Posts : 8 Join date : 2008-11-10

dear Hendrick,

it would be long time to wait for hang seng take lead.
would that be ok, if we do short for JSX stocks ??

Tx
Embarassed

Posts : 90 Join date : 2008-11-09

blessing88 wrote:: dear Hendrick,

it would be long time to wait for hang seng take lead.
would that be ok, if we do short for JSX stocks ??

Tx

It would have been very profitable if we could short IDX stocks.

Currently, with IDX suppression of shorting, we can only wait and see our opportunities passed us by. Mad

Anyone has any idea when is this shorting going to be lifted?

Wink

Posts : 90 Join date : 2008-11-09

Dow plunges more than 600pts from mid-day high to close at 7,552 down 444pts. Rescue plan for the auto industry collapse sending the market to a selldown from mid-day and all the way till closing bell.

Asian markets will be jolted by DOW big falls.

Posts : 90 Join date : 2008-11-09

The Jakarta Ccomposite Index continued to close higher today by 39pts at 1,193.15, the highest in the last one week since 19th November 2008 when JCI was 1,180.36.

Based on StockWatch data, Danareksa Securities had been the broker that bought the largest amount of Bumi Resources' shares in the last two days, with total value of IDR104.592 billion, followed by CLSA Securities, Kim Eng Securities and CIMB-GK Securities with values of IDR82.557 billion, IDR60.343 billion and IDR49.728 billion.

JCI was up further on 92 gainers that included Tambang Batubara Bukit Asam (PTBA) by IDR650 or 11.40% at 6,350, Astra International (ASII) by IDR500 or 6.13% at 8,650, Bank Rakyat Indonesia (BBRI) by IDR325 or 12.75% at 2,875, Telkom (TLKM) by IDR300 or 5.50% at 5.750, United Tractors (UNTR) by IDR275 or 8.53% at 3,500 and Bumi Resources (BUMI) by IDR170 or 20% at 1,020 per share.

At the same time, 61 stocks were unchanged and 48 closed lower SMART (SMAR) by IDR150 or 9.38% at 1,450, Voksel Electric (VOKS) by IDR40 or 10% at 360, Surya Semesta Internusa (SSIA) by IDR35 or 8.86% at 360, Jakarta International Hotel & Development (JIHD) by IDR20 or 8.70% at 210 anf Energi Mega Persada (ENRG) by IDR19 or 9.74% at 176 per unit.

Foreign buying today was 294.159 million shares with value of IDR361.409 billion while the selling was 486.928 million shares valued at IDR518.431 billion, which caused net selling worth IDR157.022 billion compared to Tuesday's (25/11) net selling of IDR14.324 billion.

Meanwhile, the total volume of transaction was 3.241 billion shares valued at IDR2.206 trillion with frequency of 61,848 transactions that consisted of 2.589 billion shares in the regular market with value of IDR1.889 trillion, 416.602 million in the crossing board worth IDR282.902 billion and 74.084 million in the crossing board worth IDR30.105 billion.