Morning ... it is cold here. DOW down 120 points!! It was up for few days but too bad, KLSE was closed. Today KLSE will be quiet ... and I will be prepring (mentally) for my tonight's class/talk. Yes, many of times, we could be patient to wait for such opportunities ... a panic-selling will give us a good rebound(technically) to have a good profit. That is what I am going to share about tonight.

11.35 pm : Yes, tired as I just gave a 2-hours(dragged to 3 hours, as usual. Haha) talk about extreme buying/selling which one should place an amount ready to buy into such panic-selling cases.

HSI down 370 points, KLCI up 27 points ... retraced from the morning about 40 points, if I am not mistaken. DOW down 170+ points again ... giving SLV up another 3% now. Good.

Cohort-2 : My next Friday trading class for my cohort-2 is on as I have many enquiries. Will send out e-mail to all(12 so far) and finalise not more than 8 or them. I do not wish the class too big, actually. Two of them actually came for my talk tonight and I shall give them the priority.

As we were discussing about extremely buying (RHB, Tenaga, QSR given as example) and extreme selling(like MEGB), we will want to see if MEGB hit hard on the ground and rebound strongly. No one know the bottom and buying her is extremely risky. Short technical rebound could be possible. Heck, if MEGB deemed chaep at 1.80 level, then how about RM1, boss? Yeah ... refering it to the CEO.

Axiata : At 4.70 level ... touched 4.79 in the morning.

CIMB : Nice candle-stick formed ... told u that Najib will ask someone to rescue his brother la. Haha. Well, at 7.40 now, checking when to sell. Hmm ... when more swarming in, I will like to sell.

YTLLand : Touched 1.07, so I m still monitoring for one of my turtle(bought 0.99, I think).

GenM and YTL up 6% today. Wow!! It is bullish as many expected to be back from Raya ... time to think so sell again next week if the rush of coming back to market is there.

Gold at 1875 level and Silver is at 43 level now. Thanks.


TEH