Monday morning ... another long black candle in the making today. Down more that 15 points. Stay sideline ... many more starting to take profits or cut-loss.

10.05 am : KLCI down by 18 points. Whether to cut loss, take profits, sideline, average down or start buying is in everyone's mind. While I have cut-off most of my holdings ... it is time to do some shopping this week. I shall check in KLCI testing 1,500 level. Many in cheap sales now, but due to the selling pressure ... it will go lower.

It is always in my mind ... market OVER-reacts. If it move high, many are optimistic(thanks to our MEDIA and news from brokers too ... buy buy buy ... upgrading every now and then ... and KLCI going above 1600 to 1700 by year end!!). On the other hand, market will also over-react on the downside. Sell ... sell ... sell ... and downgrading in process. This week you may hear news like downgrade of US from the so-called AAA rating(haha), the Euro bad news being played again and again. Then, fear of recession(long) or even depression ... emmm ... double-dip while emm ... and many more. I will start to post more of such news, triggering FEAR everywhere ... and it is SELL spree now.

What happens to the bullish outlook which just merely a month ago? I read a report stating that Malaysia's market is 'attractive'. Wow ... during the uptrending it is attractive, dont you think so at the moment or after the crazy selldown, it will be UNDER-valued? Hmm ... it is NOT.

When should we start shopping again? The outlook now is bleak with many looking at each other and asking questions - what is really going on? Should I cut loss? Should I be greedy to buy?

No one could tell you that as it depends on your RISK appetite and time frame. Yes, I have to emphasise on TIME FRAME as we all are different. We have different time-frame. Many short term punters are getting burnt at the moment and those contra-players have to cut-loss, even at huge losses.

While I am writing the above, KLCI down 20 points and at 1503 now. Cutting loss might be too late? Well, we could always be a long-term investor as if our stocks are so-called good stocks, we WANT to believe that it will recover. Perhaps, we might even think of averaging down? As for traders, placing our cut-loss, many already 'kena' on last Friday or earlier. No buy signal but the sell-signals are everywhere. Are you a trader or investor? Decide, then.

GenM : My only queue at 3.50 this morning not done yet. It touched 3.56 so far. From the rate it is going, we might as well wait for next support at 3.20? Serious?

Gamuda : I was queueing at 3.35 on Friday not done and it closed at 3.36. Today ... err ... it is at 3.15 level now. So, I shall wait for another black long candle to decide. Bear in mind, this is a knife(one of my new turtle using the term dagger ... hmm ... I didnt hear, read or use this word for looong time. Perhaps, he is right ... dagger is more appropriate. Haha)

Now, arent you are glad you have cut-loss last week? I am.

When small-losses is  a win

WCT-wb : This is one I have cleared as it was not moving. At the moment, it is at 0.515(down 9%) as WCT at 2.70. It is a level I didnt see for looong time now. It broken my strong RM3 support as that is why I cleared the wb off(at 0.70 level).

HuaYang : I grabbed some at 1.80, sold for loss at 1.70+ as market sentiments for property-stocks are bad. At the moment, it is at 1.50. Bonus 3-1 PE about 6. Wanna buy?

Masteel : I have her at 1.19 average and cleared half at 1.25+ and it went below 1.20 again and I hv to cut-loss at 1.16. It is at 1.08 now.

Alam : Bought at 0.90, cleared at 0.92. Break-even.

The above were my recent selling for losses. I do not include CWs which I cleared for bigger losses(of coz the profits was good too).

UEMLand : I do remember I cleared at 2.77(last month) after failing to take profit at 2.95 level. I have her at 2.75, so breakeven-ed. Today it is at 2.18!! That is a huge loss for those buying at RM2.95 level or above without a cut-loss plan?

Many more I did took profits was : Equine, Jaks, MBSB, Kulim, Cypark, SPSetia, E&O and such. The different between traders and investors. Traders need to take profits when it reached their targetted plan and cut-loss when it reaches their stop-loss level.

EASIER SAID THAN DONE.

Huge paper-loss : EAH and UOADev. ouch-ouch. See? I am a long term investors in them. hehe.

10.35 am : Announcing the arrival of huge BEAR. Warning as KLCI breaking 1500 level now. It is at 1495, losing 28 points. OUCH!!

Please do NOT ask me if you should take-profit or cut-loss. Please do not ask me if one should buying at the dip? We could see the bottom at the moment. Ask your brokers, dealers, remisiers or know-how friends.



KLCI technically bearish. I wrote about this simple line last week and someone pointed out that it is not in the comment column. I replied as we all view things differently. One important thing about technical is we put our EMOTIONS aside, and fully based on charts and not our denial-moods. Trading is a ART ... technical-analysis TRYING to make it a 'science'. That explained why technical failed many of times as it always seem to give us FALSE signals. Nope, dont blame the signals or technical-analysis. Blame ourselves for NOT being disciplined enough to carry out our plans?

Err ... how many of us trading with plans, anyway? Err ... what analysis again? Fundamental analysis? Technical analysis? Err ... what are those terms? All I know is my friend told me DVM is a get-rich stock, I whacked kau-kau ... I am going to be rich. To hell with those analysis!!

Oh boy ... it is windy, the perfect storm will be here. I am sad to see such sell-down because we might give all the warnings about the risk ahead, many might be too ignorant about how 80-90% of us losing money in markets. To those new ones, welcome to Bursa ... are u sure you want to remain to be in markets because you read that KLCI will go to 1680 this year?

10.55 am : KLCI at 1488, broken 1500 convincingly.

GenM : It touched 3.51 ... so, should I continue to queue at 3.50? Sure ... ?

YTLPower : At 1.82. Many bought at RM1.90-RM2.00 as it was oversold. In bear market, FEAR is greater. I do not give advices to buy/sell. I am just pointing out that I like her at 1.85 level ... but cheap could be cheaper?

Alam : At 0.77 today ... what a dive, breaking 0.88 critical level. No return seen this time ... will check on its chart tonight.

KLCI down by 40 points. I am glad I am free at this hour to watch it tanking!! Hey, it is not everyday we see KLCI down 40 days, ok? Last Friday, when it went down 37 points, I was not around. It recovered partially ... so, do you THINK KLCI will recover and lose only, say .. 20 points later? Whatever anyone holding is in RED. Some holding to huge paper-loss. Sorry, as I said ... I do not take pleasure seeing others in pain. As for me, I do not feel actual pains.. perhaps I have lost too many times(haha).

11.10 am : GenM done at 3.50 and 3.48 so far. Ouch.

HSI down nearing 900 points. Oh boy ... oh boy ...

11.55am : KLCI down 45 points. Do you think it will recover after lunch. If it is not, I will clear my GenM.

WCT : Went below 2.60 and showing some rebound. I am thinking of punting on WCT-wb at 0.47 now. Wish me luck as I am using hope-analysis(HA) and hope it will rebound after lunch.

12.25 pm : KLCI at 1478. I am going for lunch.
Have to take maggi-mee tonight if my GenM and WCT-wb cut off with a loss later. I am so interested with UEMLand as it went to 2.06. Can I have it at RM2 later?

GLD : Gold will shoot the sky now. What should we do? Buy gold's ETF. Excuse me, gold breaching USD1700 level now.

SLV : Silver is doing good too. So, I am going for SLV, silver's ETF!!

I am NOT saying any buying or selling, did I? I hope not.

4.45 pm : It rebounds ... good.

GenM : Sold at 3.62 done.

UEMLand : Sold at 2.20 done too.

MahSing : Grabbed 2.20 this morning and at 2.34 now. Nice.

WCT-wb : Grabbed at 0.47, and at 0.505 at the moment. See if I need to clear off this week too.
This morning I was in very good mood, watching market tanking 40+ points, something I never see for loooong looong time. Hence, it is buying spree. FEAR is needed to create panic-selling. Without it, the stocks wont be pushed to the extreme level.

A pat on my back for being greedy. I was ready to cut loss if KLCI going down 50+ points after lunch.

My CWs doing very well too after the selldown this morning. Good!! Hehe.

Going for short 'celebration' today as today's profits itself has covered all the small losses I mentioned this morning.

Hope those bottom fishing caught good fishes which rebounded. Those panic-sellers might be wondering why they sold this morning. Simple ... FEAR and GREED in play.


TEH