KNM : Closed 1.77 today. I have wanted to write about her after that piece of news hit us all ... gapped up and MANY jumped back into her.


WHY KNM? I have been writing about her since she was at 1.83(need to multiply 5 here) ... and she has been one of the MOST actively traded stock then. I was in my initial year when many talking about KNM. Hmm ... today, I will say it is a trading stock - someone will COOK it up AGAIN and AGAIN(might as well take it private since it is so cheap la). It is back to its low level. Will it jump back to RM2.

Now, I do not know how to advise a reader, CL, asking if he should sell as he bought recently at 1.90+. I assumed that he bought it when it shot up(that is what normally many will do) and trapped. Look, when u buy at 1.94, u need to check to clear her slightly above RM2 and run. Stop loss is needed for KNM, a trading stock(not to buy and hold).

I have one unforgettable trade on KNM which I written in my blog some 2years plus ago. I do remember a blogger, Jackie Lee commented on it. Now, comparing that post and now ... I think I m wiser. Thanks, Jackie. Hehe

Armada : Will start to stalk her ... finally, it is back to earth(bumi).

Marc Faber : The Bear Market Is Starting

"The bear market is starting. When you compare equities to bonds and cash I don't think equities are very positive""The Treasury market is telling you that the economy is in recession," "So if the bond market is telling you that the economies of the Western world are weakening, but at the same time the stock market is still relatively high, I think the stock market is vulnerable." Marc Faber told CNBC in an interview

"The politicians are all useless individuals. Nobody is reducing the problems in the US or Europe, just putting on a band aid and postponing the problems endlessly," he added

"Some analysts think that there's a chance economic data will surprise on the upside but I think, if anything, it will be on the downside," Faber added.

HSI and Nikkei lost about 1% today. Oil going below USD95 level now.
TEH