My Trading Adventure

Selldown : Bear in KLSE

CP TEH
Publish date: Mon, 22 Aug 2011, 10:01 AM
CP TEH
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All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.
9.55 am : Monday morning ... HSI up 200+ poiuts in early trade but KLCI is still down. At a point, it was down more than 10 points, recovering at negative 6 points now.

Gold at 1870 and Silver at 43.50 level.

SLV-c1 : At 0.745 now ... a reader, WC of Perak is the only person knew I bought her a week plus ago as he is the only person I sms-ed and he is a pure punter. Well, he did reward me with his profits(from MahSing-cb) but ... what if he lose some money?

Punters are expected to lose money. Since when a 4-D punters win money in long run? Unless ... yes, u r extremely lucky and hit the jackpot to be instant millionaire!! That is MILLIONS of 4-D punters hoping for. It is a DREAM ... hoping to make a huge break from the gains. Then, it becoming a HABIT and gambling-habit dies hard.

KBunai : I have someone 'confessed' to me that she bought at 0.21 level and she was at huge profit at a stage but continue to hold till recently she cut her off(didnt mention at what price) for huge losses. I was wondering ... why she didnt sell her off for profits when it LUCKY goreng-ed up? Why only recently when market diving that she cut her off? What if KBunai rebounds back to her 0.21 level or higher? But what if Kbunai continues to go lower(at 0.135 vs 0.140 now) and KARAM ... sink back below 10cents level? You mean the casino-eco-resort in Sabah no longer valid? They scrap it off? Or what? KARAM-bunai resort is located at Tuaran, a nice beach as I stayed there with my wife before and also my son do like the place there too. KARAM-bunai is giving many INVESTORS(sure? or speculators, u mean) the sinking(karam-ing) feelings.

Hence, I told my 'turtles'(will find a better term for those learning under me) not to punt into call-warrants. Say no to PN17 stocks, say no to highly speculative stocks(like DVM, KBunai, KNM and many more) and say NO to smoking ... ooopss ... I mean, say no to those stocks which didnt satisfy our conditions.

CIMB : At 7.80 now ... hmm ... buy? CIMB is with high risk attached to her(Najib's magic?) and as it has a good rally up to RM9 level, time will tel how market going to value her. Watching ...

IOICorp : At 4.45, under-perform. Valuation-wise, it starts to show good -bargain. I am still searching for excuses attaching to her for her downtrending and sharp sell-off recently.

Tenaga : Touched 5.40, breaking 5.50 level today. It rebounded to RM6, actually the other day before coming back down with more bad-news and downgrading on her. Watching Tenaga at RM5.10 level now. Watch ... not buy.

Genting : Went down below 9.70 this morning. You cant deny that she is still a fav stock to many traders/investors.

The above 4 stocks are heavy-weights in KLCI in different sectors. If they continue to go lower, they will pull KLCI lower with them.

11.55 am : KLCI down 12+ points. I am sideline as it did not dive 80-points lower. Nope, I do not expect that today, so no queues today. HSI was up in the morning 200+ points(due to sharp drop on Friday 600+ points) and in RED now, down 100+ points

Geely : At 2.15, still watching her. The last time I traded her was at 2.80, sold 3.30 level. Since then, I am still watching it is hitting NEW low ... and at 2.15, it is a new low registered today. PE at 10+ level, waiting for PE below 6. It is still not at HKD1, the level I started to stalk her ... it went all the way up from a 30cents stock to HKD5. Talking about huge profits? Wish I will be smarter next time around.

Panic-selling : It is needed for me to consider to buy again. We need 'perfect storm', like political chaos in US, more downgrading in US economies outlooks and such. Then, we shall see some panic-selling in KLSE ... say going below 1450 level.

2.05 pm : KLCI at 1470 level. HSI down 150 points, was down 200 points at a point. I am still watching HKSE, not KLSE.

Gold at 1880 and Silver at 43.70. Moving higher as fear factor is higher too.

Geely : At 2.08 new low as HSI down almost 300 points now.

WCT-wb : Going below 40cents ... interesting? Wait for 20cents?

Double-G : Gamuda and GenM losing 10cents at the moment. Hmm ... checking GenM at 3.30 level again.




3.00pm : HSI down 350 points, KLCI down 15 points.

GOLD at 1890 now but Silver at 43.63, touched almost 44 today.

Charts : One may go to http://www.kitco.com/  or http://www.livecharts.co.uk/ to check Gold and Silver Charts. These are two sites I am using.

4pm : HSI rebounds strongly(about 400 from the intra-day low) and might close in GREEN today.

KLCI still 12 points down but HSI up almost 100 points now. Yup, very volatile now.

KimLun : Down, below 1.50 level now. So? Cut-loss or buy more?

KLCI closing around minus 12 points. Silver at 44 level.

SLV-c1 : At 0.745. Will sell when SLV at USD48 level or SLV-c1 at 90cents.

9.55 pm : DOW up 150 points. SLV at 42.20 level, up further 1.3% again in the opening. Silver at 43.30, with a high at 44 level. So, I shall watch SLV to 48 or any bearish signal to sell. Gold at 1873 level now, went above 1890. GLD at 182, and touched new high again.

10.45 pm : SLV at 42.70 now, up 2.5%. DOW is testing 11,000 level.

TEH

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