What do you think about the stock market in Asia
By sihanik
@sihanik (118)
Malaysia
February 15, 2007 4:17am CST
What is your opinion about the stock market in Asia? How long can the current bull rally last?
1 response
@success2u (60)
• Malaysia
3 Mar 07
I think this discussion is not relevant anymore. The market has CRASHED. It's all started on Tue 27 Feb when China made a rumor that they are going to impose a tax on stock market gain. This was followed by almost 500 pts dipped on Wall Street because of delay of the computer compiling and extracting datas.
This two events has created panic selling and investors are trying to make an excuse to lock in profits from stock market rally before Lunar Year Holiday.
The mass selling pressure created worst scenario for the market for almost every Asian Bourses - our exchange (Kuala Lumpur Stock Exc) alone closed for the weekend almost 200 pts lower than the previous week. That's almost 20% down.
Can you imagine those who miss the exit point? I am quite lucky because I have cut my losses, even though it's a bit late.
For these four consecutive days alone I have lost almost 30% of my capital (don't mentioned the gain that I've made before the crashed).
May the next week trading will be better for our recovery....