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Technology Stocks : Creative Labs (CREAF) -- Ignore unavailable to you. Want to Upgrade?


To: Power ranger who wrote (8963)1/25/1998 11:32:00 PM
From: Power ranger  Read Replies (2) | Respond to of 13925
 
Please ignore my msg 8963 and 8964

My apology for hogging this thread. My fingers and head are not functioning properly. My full text should be as follow;

Singapore and Malaysia markets will be close from 28 to 30 January.

28th and 29th is the Chinese Lunar New Year and 30th is the Malay New Year Hari Raya Puasa. This is the first time in 30 years that the Chinese and Malay New Year coincide. The reason being both calendars have only 30 days per month, the Chinese calendar in every few years will have a lapse month to compensate for the difference whilst the Malay calendar don't.

There will be only 1/2 day trading to 12.30 pm on the 27 Jan on both market. Therefore most players are staying away. My broker told me that the market sentiments will continue to be poor. He warn that the first 3 trading days after the market reopen on 2nd Feb will see big fall because of contra and force selling. In SES after buying you are given 7 days to pay up, during this period you can just sell and square off, this is call contra selling. Ifyou don't pay up on the 7th day, the house will force sell your order on the 8th day. This practice gives rise to opportunity of making profit without paying. It is this practice that gave the market some volume last time, but recently a lots of contra players got their a** burnt.

It maybe New Year time, but we won't see the usual New Year rally as the buying mood is just not there. The timing of Creaf earning at this time don't encourage buying.

Creative now trading at SES S$34.10/1.7520 = $19.46.

Happy New Year Creative.

Gong Xi Fa Cai (Chinese mean Prosperous New Year)

PR

Thanks.

PR