Is Dow Jones Stable now?

-
Dow Jones Industrial Average index show the up trend again after nearly one months' correction. The question is whether the market will continue to go up from this point, especially yesterday show one Shooting Star. I would expect index to challenge 30 days MA, if it can hold firm, then the chances are high for it to continue moving forward.

This week got another breaking news, Fannie Mae(FNM) and Freddie Mac (FRE) going to delist from NYSE. Again, proof the theory is correct, never invest in problematic company. If you hold the stock before the announcement made, sell immediately even if you have to encounter huge loses. This is to protect bigger loses that will follow if you continue to hold on to this stock.

From our experience, the delisting process will move the stock to trade on the over the counter bulletin board *OTC BB. The spread between the bid and ask prices having a big gap, hence there are substantial costs involved, only few people or market makers willing to trade and causing share volatility increase.

Comments

Post a Comment

Popular posts from this blog

How to Sell or Buy Odd Lot using iTrade?

-
Image
How to Sell or Buy Odd Lot by using Cimb iTrade Apps? Just refer to below print screen: 1. From the iTrade screen, press on the button call " Normal Broad Lot " 2. From the list, select " Normal Odd Lot ." 3. Now the screen will show " Normal Odd Lot! " and just key in order to buy or to sell. P/s:  for web site, just refer to below print screen:
Read more

Cimb Dividend Reinvestment: How to do it online?

-
Image
It's time for  CIMB to distribute dividend again, as usual, this time, they also have Dividend Reinvestment Scheme. If you are share holder, you will receive Dividend Reinvestment Form. Normally, share holder need to fill in the form, attach Revenue Stamp RM10 on the form and return to them. Then a question come out, can this be done online? The answer is Yes, just go to Boardroom Smart Investor Portal (BSIP online). You may log into BSIP Online at https://boardroomlimited.my/ For first time user, they have to do online registration first. Need to take photo of your IC (front and back), then upload it. Also need to verify email to complete the registration.  (Your account has been approved, once you receive this email, you may proceed with below step) The very first step once sign on to website, select Corporate Exercise.  Then click Apply button for which DRP exercise you wish to apply. Select the CDS Account Number and click "Apply" button. Read and agree to the Terms &
Read more

Bursa Anywhere App

-
Image
Bursa Malaysia has launched “Bursa Anywhere App and eStatement Sign Up” campaign from 1 st  January 2022 until 31 March 2022.   Get  RM5.00 TNG eWallet Reload Pin  when you download Bursa Anywhere mobile application and enroll for electronic statement during campaign period.    For more info, please refer to the attached terms & conditions or visit  https://www.bursamarketplace.com/anywhere/
Read more