Mixed news for global stock market
China govt will increase central bank lending rate by more than 1/4%, in order to slow down the boom of investment from this fast growing economy.
On the other hand, Feb Chief said tonite that they are likely to pause the interest hike very soon.
What would this mixed news bring to the global market ?
For forex market, GBP and EUR jump by weak dollars. Gold fluctuates between $630 - $640, whereas stock is a mix.
HK Stock market drop for the third day, CEI drops 5%
Rumor about China govt will step up macroeconomic controls to rein in growth has resulted in a third day of correction for the hong kong stock market. HKCEI drops 5% today. Biggest contributer are 857, 286, 2628
2899 drops again, today close at $4.225, record high being $4.9
2628 drops also, close at $10.3 but still above $10 which is a good investment for the long run.
will wait for May 1st to come, to confirm what effect the new control will bring to the market.
Gold stock drops with falled Gold price
Last nite gold has dropped 3%, from highest $640 to $608 in a few hours.
The gold stocks 2899, 3330 followed and each dropped about 11%. It was a big loss to me, but generally it is a good and healthy adjustment, though fast.
The RSI of both stocks has been rising to a very high value (80+) recently. The fall today should ease the RSI and is more healthy for further rise.
Gold has managed a gain of $24 to $632 from the bottom $608 last nite. Hopefully next monday 2899 would jump up and recover most of the loss for today.
Gold stock continue to rise, 3330 jumps
Gold keep on rising last nite, and DOW rise by more than 190 points.
HSI has once makin 17000 during the pre-market session. Finally rise by 190 points, and CEI rise by 99 points.
3330 makes a great jump today by 20%, whereas my 2899 is only making 5%. Anyway, 2899 has risen too much this few months. It has already doubled the price in 2 months' time. It is reasonable for a rest.
2628 does not have a brilliant annual report, but the good market atmosphere helps it to recover from its loss in the morning session and close a bit higher.
My stock portfolio keep rising everyday, but I start to worry about it now. I really dunno when is the prime time to retreat...
Gold surges on weak US Dollar
DOW rises by more than 190 points yesterday, and most of the commodity futures made its new high too.
Gold price is unstoppable, yesterday spot gold is just $618, today it adds another $9 to $627, continue to break the 25 years record high.
US govt has 負債 of 8450B in 1980, where Gold made its record high $850. Now in 2006, US govt has 負債 of 84000B, plus the demand of Gold keep increasing from China and India, the rise of Gold is potentially far beyond that value.
Gold keep rising neglect the servere overbought in TA. The problem is when everyone lost confidence in US dollar, they will turn to sell dollars and buy gold, which then helps supporting its high price.
crazy gold and crazy stock
Gold rise from $599 to $618
2899 rise 12% today
Everyday is a rise... its amazing!!
a crazy day for 2899
Today is the first day of 2899 issued 10 new shares per 10 shares. That means the total volume of shares doubled and stock price halved.
It was the third time after #2899 has done this trick. Every time the price was halved, it got fried up significantly. I have no clue about this time if the stock price would still up, since it has been at a record high already.
Price started slightly lowered at $3.4 with dividend deducted. Then suddenly rise by 10% to $3.8, $3.9, $4... then jump to $4.2, $4.4, $4.5, which is +25% at that price !! This was a terrible increase and I was so astonished about that, since the market (HSI, CEI) was generally not good and both index dropped by >100pts.
2899 was not able to stand at that unreasonable price and drop back to $4 (+15%) during lunch, and close even lower at $3.675 (+5% only). The difference has been 20%, which is a huge amount !! My mum phoned and asked me during lunch if it was good to buy 2899 at current price ($4). I said no, though I dont plan to sell my shares yet. Even if it drops in the future, I will only earn less, but if she buy now and it drops, she would be lossing instead.
Fortunately, my mum didn't buy at last. Otherwise she would be blaming me !! ^.^
Gold rise, 2899 made $7
Gold break $600, and 2899 close at record high of $7.05
Car stock surges, 1114 rises over 20% today, and 203 rise to $3.6
Im a bit sad for I miss the chance to buy in 203 at $3, otherwise it already has 20% increase ! >.<
Merging of MTR and KCR would be a great news to #66, my friend said it may rise 20% tomorrow. Lets see how high it could reach !!
