DOW down 170 points with gold and silver recovering after two days sell-off. Gold at 1770 level with silver at 41. GLD went down to 166 before closed higher at 172 and SLV at 40 level now.

Axiata : Yes, Remnant ... technically Axiata might rebound at RM4.60 now. Will it rebound to RM5, that no one could tell at the moment. If the foreigners valued her at RM5.03, they will not want to see their investments is losing values. So, I do think so Axiata will stablise at RM5 level too. If I look into a longer time frame, I hope I will collect more of her at RM4.40 level. Will see how ...

Affin : Broken RM3 level and closed at 2.96 now. Banking and financial stocks are infected by some diseases at the moment. But, I am surprised that AMMB holding above its strong support at RM6 very well.

MEGB : AT its low-support of 1.60 again. I read that she gives good dividends and it is recommended as a defensive stock.

9.50 am : Hmm .. KLCI down more than 10 points and CIMB and Axiata continue their dives ... CIMB went below RM7 while Axiata went to touch 4.43.

GenM : Broken 3.40, touched 3.32 ... a level I hv not seen for months now. BEARISH.

YTLLand : When is the last time you see her as a penny-stock? Hmm ... today it is going below RM1. How do you advise a person on this one if he bought at 1.75, and he asked you when it was at 1.20 level? SELL and cut-loss? I did not answer the e-mail but writing it here, YTLLand ... still like her but MRT-related news fizzle-out ...

Gold at 1760 and Silver above 40 now.

11.10 am : What is going on? No QE3 now? Hmm ... KLSE continue to sell-down as we are at 1445 level. Many are selling ahead of long break with Raya and Merdeka next week.

Axiata : Holding at 4.50 now, will check on her at 4.40 or low now.

RHBCap going to RM8 soon, GenM to 3.30 and Gamuda at RM3. Tenaga touched 5.22 ...

The selldown is overdone but not over yet. Well, many going into cheaper prices now to collect.

CIMB Group Holdings Bhd, Malaysia's second-biggest banking group, fell for a third day in Kuala Lumpur trading to its lowest in more than a year on concern a slowing economy will hurt earnings.

The stock dropped 3.5 percent to RM7 at 10:25 a.m. local time, set for its lowest close since July 7, 2010.

RHB Capital Bhd. and other lenders dropped.

'Investors are lightening up on cyclical stocks and banks are the target,' said Lye Thim Loong, who helps manage about US$770 million at Avenue Invest Bhd.

CIMB's 'high' foreign ownership also helped contribute to the stock's sell-off, he said. -- Bloomberg

TEH : If you think CIMB have high foreign ownership, what is the RISK of AirAsia sell-off would be? If they want to exit, they have to exit. So, is foreign funds good for the stocks?

Call-warrants : I have exited all 3 weeks ago or so. The last one being a short-fling with MSM-ca(I think) which registered some losses too. So, many punters will be losing lots of money in buying call-warrants and if they are still holding to hope. CWs are used to PUNT, not even trade.

Warrants : Yes,after losses in HapSeng-wa and Sunway-wa in this few days, I m giving up warrants too. Ouch.

Hence, playing defensive means ... we hide under some good stocks while staying in cash positions.

Coastal-wa : Dropping 11% now ... it is game over for many warrants players?

QL-wa : At 0.68 now ... do you think it will go up to RM1 again? THINK again ...

PMetal-wc : Welcoming another new warrant into our market ...

KSL-wa : Welcoming her too ...

What needs to be pointed out is call-warrants are meant for very short punt(day trading, scalp, contra AND duirng bullish markets). Warrants are for trading good fundamental stocks(leverage play) which are in UP-trend and using some technical analysis indicators to enter or exit. Not to buy-n-hold.

Stocks ... if good stocks like Tenaga and such could be in sell-down situation, pulling the KLCI much lower now(check the peak at almost 1700) ... what do u think of smaller stocks, especially those goreng kau-kau stocks? Will they ever recover?

12.40 pm : I was very busy this morning, actually.

Top Losers

1. KLK - 36 cents(
2. HLBank -32 cents
3. HLG - 26 cents
4. Armada - 24cents(over-valued IPO)
5. RHBCap - 21 cents
6. CIMB -21 cents
7. PPB - 20cents
8. TWS -18cents
9. Genting - 18cents
10. AirAsia - 18 cents (more to come)
11. IOICorp - 17cents
12. Parkson -14 cents (luckily I ran off)
13. KPJ -13 cents (defensive? time to consider)
14. GenP -14 cents
15. AFG - 13cents
16. PChem -12 cents
17. AMMB - 12 cents(yes, dropping as expected)
18. Axiata - 11cents (expected too but too eager to grab her)
19. Sunway -10cents(still adjusting since re-listing)
20. CyPark - 10cents (I grabbed 1.80 before but I wont grab her now. Situation changed, so we need to adapt).

yes, we read that the foreign funds exiting in volumes over the board. Now, which counter having a huge foreign funds? That is the highest RISK, ok?

Foreign selling weighs on KLCI
Written by Joseph Chin of theedgemalaysia.com
Friday, 26 August 2011 15:29

KUALA LUMPUR: Malaysia's stock market continued to be battered by fund selling of bank stocks on Friday, Aug 26 but more worrying was the selling was extending to other fundamentally strong and smaller capitalised stocks also.

Analysts said the selling was from foreign funds on concerns about the economy slowing, worsened further by the US and European economies. As for the recent corporate results, they said the earnings were not that impressive also.

At 3.21pm, the FBM KLCI was down 22.22 points to 1,442.52. Turnover was 602.32 million shares valued at RM1.39 billion. Losers battered gainers 661 to 99.

It was HL Bank and HLFG's turn to come under selling, down 42 sen each to RM12.36 and RM11.72. CIMB was the most active, falling 23 sen to RM7.02.

Other big capitalised stocks fell, with GENTING BHD [] down 33 sen to RM9.45 and KLK 24 sen to RM21.24 while Bumi Armada shed 26 sen to RM3.54 after its disappointing results.

Petronas Chemicals lost 22 sen to RM6.08, Airasia 16 sen to RM3.341 and MRCB nine sen to RM1.96

2.45 pm : I have to go for a function now. KLCI dropping 21 points!!

Determination : An ingredient to success
3.30 pm : Award ceremony ... went to see some of my bright students. We have more than half of the students getting 4As and above!! Imagine 'Further Maths" ... a difficult subject? Nah ... 58% of the students sat for the exams recently got A(with many A* too). It breaks all the records. I am impressed(and proud too)

Imagine a student .. doing biology stream, came to me at the beginning of the year(Jan) and said ... Sir, I want to take tuition Further Math from you. Could you find the time for me, please?".  I was like ... what the heck, she is taking 6 subjects!! You need only 3 subjects to enter a Uni, ok? Perhaps 4A* or so for a good top Uni in the world!! 6 subjects? Nuts? Well ... she got an A for further Maths learning 5 months under me. Gosh ... it is NOT me that is good(I know I am but not THAT brilliant-la) ... she is not that brilliant students too BUT she is VERY determined, very hard-working and yes ... very humble.She slogged ... and obtained 6A - to become our top students!! Fantastic ... I think it ts her determination that pull her apart from the 'normal' much brighter students than her. Congrats.

Ok .. back to KLSE. Nothing much as it is still bleeding. KLCI still 21 points down. HSI dropping 200 points.

What is holding well? HapSeng maintained at 1.30 level. Masteel staying about RM1. KimLun at 1.44. These are few stocks doing OK. Anything didnt drop more than 2% is considered OK ... haha.

Axiata : At 4.58 now. Incredible .. someone is supporting her. Hammer might be formed later, check after market closes then.. Axiata at 4.63 now!! Buy-buy-buy ... buying is coming back. Someone is buying!!

4pm : Axiata at 4.70, rebounds from 4.43 this morning, so should form a nice hammer today! Will check later.

UOADev : Might be forming a hammer too in her. Check later.

4.50 pm : KLCI down 20 points.
TEH