DOW is going to go up for third day now ... but not the same could be said about KLCI, which heavy-weights are weighing it down. So, I shall look at few of these heavy-weights : Axiata, CIMB, Tenaga,

Gold and Silver wiill continue to retrace as it has been overbought and the extreme only triggering profit-takings. Gold at 1710 level, dropping USD200 from its recent peak. Silver is below USD40 now. Watching how GLD and SLV will be traded later on.


Axiata : Huge selling volume seen(second most actively traded counters behind CIMB) ... though I grabbed at 4.60, it is not a good sign as it might drop to 4.40 level. So, I shall see if any technical rebound to exit. Buying should be tmr or few days later. I do like the SHARP drop today, actually. We shall see tmr ... RSI at 17.4

Earnings(taken from BT) : KUALA LUMPUR: Regional handphone operator Axiata Group Bhd posted a RM663.1 million second-quarter profit ended June 2011, 15 per cent more than the RM576.8 million a year ago.

TEH : So, Axiata profits higher ... and investors selling her. Anything missing here? The most recent issue of  The Edge talking about Axiata ... do read.




CIMB : The most actively traded counter in KLSE today. Congrats, you won the first place!! RSI at 15. WOW ... time to consider to buy her, ya. Hanging at strong support 7.25. See if it will dive further tmr and I will certainly support Najib ... yeah!! Najib Boleh, CIMB pun Boleh.

Earnings(taken from BM) : The Group's 2Q11 revenues of RM2.96 billion were 7.6% higher than 1Q11, translatingto a 5.8% Q-o-Q net profit growth to RM970 million.

Taken from The Edge : Moody's upgrades CIMB Bank's bank financial strength rating


TEH : Yet another good profit recorded but stocks diving now. Upgraded somemore. Anything amiss here?



RHBCap : The BIGGEST KLCI loser today. No one interested with her now. Anyone chased her up above RM10? Perhaps Maybank will be interested if she drops to RM7? Technically bearish ... looking at RM7.80 level to consider.


Tenaga : A real laggard as she registered new low!! RSI at 21, so I shall prefer CIMB. Wont look at her till RM5.10 level.

Taken from BT : Tenaga may not maintain dividend payouts

Yes, being cautious ... I will play-safe and go for these stocks. They do give dividends and if get stuck, we could be looong term investors! heehe.

10.40 pm : DOW turn red and at minus 120 points now. GLD down at 169(touched 166) but SLV flat(38-39).
TEH

p/s : Droppings ... haha ... heavyweights = elephants. Haha ... so the droppings of heavyweights? Haha.