DOW is flat but Gold getting back to the 1800 level. Yeah, I have been listening to those BEAR camp screaming about DEPRESSION!! As USD expected to continue to decline(while precious metals and commodities going up), it is true that US economies is in ICU ...injecting another round of steriod, QE3, might wont help much too. It might pump up markets over this part of the world as with zero-interest in US, money could be moving back to HKSE ... and err ... KLSE? Hehe

ESSO : Yes, I will like to write about her today in length IF it really gap down to RM3.50 later on. I read what Alex Lu written about the offer and obviously someone pushed her up from RM4.20 level. That is how RISKY market could be.

The Edge : San Miguel Corporation offered RM3.50 per share for a controlling 65% stake in Esso Malaysia Bhd from its parent ExxonMobil International Holdings Inc. This was RM1.45 below the last traded price of RM4.95 and this could be a rude shock of speculators who chased up the stock on Wednesay.

KUALA LUMPUR: It has been a costly lesson for investors who chased up ESSO MALAYSIA BHD's shares on Wednesday, Aug 17 on news that its parent ExxonMobil International Holdings Inc was disposing of its 65% stake.

Their expectations were dashed when the offer, announced after market close, was RM3.50 a share which was about 1.06 times Esso Malaysia's book value of RM3.28.

By that time, it was too late as the share price closed at 61 sen higher at RM4.95 with 3.07 million shares done.

As of Thursday, Esso's share price plunged RM1.05 or 21% to a low of RM3.90 in early trade.

As at 10.40am, it was down 80 sen to RM4.15 with 8.67 million shares done.

Under the deal announced Wednesday, San Miguel's acquisition of the 65% or 175.50 million shares would cost the Philippines' brewery giant RM614.25 million (US$206.02 million).

It also plans to upgrade the Port Dickson refinery to enable it to make use of a wider variety of crudes and produce higher valued-added products.

As for the investing public, more details should be provided by the vendors about the state of the refinery and if possible what was the criterion for the valuations.

TEH : I planned to nibble on her at RM4.30 level but as it shot up higher yesterday, I would have cleared her before market closing. Yes, I do not like those stocks shooting up more than 10% in a day, especially those stocks never shown such characteristics. It means ... someone is trapping many late-comers/retailers. Today, many will lose lots of money AGAIN if they have chased up ESSO yesterday. Simple as that? Not really ... that is why we are trying to tell newbies how risky market could be. Serious.

Other than that, I will only concentrate in HapSeng-wa to sell another round. When the music stops, time to run ...




MSM : In news again ... we shall see some buying ...

HapSeng-wa : Oh boy ... riding down today with opening in red ... hang-on.

9.05 am : KLCI up 3 points

MSM-ca : Grabbed at market price 0.210.

HapSeng-wa : Cleared some at 0.515, looking further as mommy breaking 1.40

ESSO : Down a dollar to 3.90 but recovering a little to 4.25 level. So, buying at 4.20 level is not bad?

Tenaga : Someone asked in my comment if Tenaga at RM5.80 is a buy now? Sorry, I do not wish to make any commitment. I hv no idea what to buy/sell. It is NOT POSSIBLE to tell as it depends on one's risk appetite.

9.40 am : KLCI still in green, up 3+ points.

HS-wa : Well, as I hv cleared half, should I clear all to protect my profits or should I start buying back now as it is 0.49(red)? Questions like these could come-n-go ... in split seconds, we might make a wrong decisions.

HS-wa : Bought some back at 0.47- 0.48 done. Ouch.

11.05 am : HS-wa not done at 0.465 and below ... but now it is up to 0.49 vs 0.495 now. My queue to clear some done at 0.490. I shall keep it for a while the others and check if I need to clear all soon. UP and DOWN ... hmm ...

11.35 am : In half an hour, the wether changed again. Yes, constantly changed. It it DOWN(again) to 0.48 and my queue to buy back at 0.48(and lower) done. Clearing at 0.49 and above again?

12.10 pm : KLCI, from positive 3 points to negative 3 points.

HS-wa : Queue at 0.475 done, waiting at 0.47 now. Clearing at 0.49 level again?

WCT : Moved below 2.80, at 2.76 now.

Kulim-wc : Slipped away from me as I went for MSM-ca instead. Going to 1.40 level today.

2.05 pm : I have to rush to airport now.

6.30 pm : KLCI close flat, last minute pushed up.

HS-wa : Closed at 0.47 and I still have some of her at 0.475 average. If she didnt recover well tmr, time to clear her.

Chart Nexus : A personel called me to remind me to re-new my license to use the XPertrader. Well, do you believe that I do not use XPertrader to scan any stocks for past 8 months? It costs a person RM800+ to re-new the licence. So, I have to skip her. The only thing is I could not have their 20-year data but will ony limited to 3-year data. Guess it is ok ... the software is very good, actually.

There is another way I could get the licence for 'free' ... by placing Chart Nexus advertisement in my blog. Some blogger done that but I still feel my blog is personal ... I want to write anything I want, including Chart Nexus. I want to expose the truth to many IGNORANT - many aunties-uncles who believe they could learn TECHNICAL ANALYSIS and earn money from market. They should attend 'financial behaviourial' course, instead. Well, I have to say bye-bye to my charts ... but at least I could still use the 3-year chart.

As I want to be more professional, I may want to be CNX trainer, one day. That is also IF I am allowed to tell truth and share experiences with the 'students' there. I am still a novice and I do not think so I am qualify to be a trainer there. That is why I have 'chicken-out' my plan(of being a trainer there).

Click Five - Empty



Note : I do like such songs ... beautiful. But, hey .. it is just a song, doesnt mean I am empty, k? Haha. Perhaps ... I am ... empty?

TEH