My Trading Adventure

Selldown : Bear in KLSE

CP TEH
Publish date: Mon, 12 Sep 2011, 10:09 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.
Monday morning ... KLCI down 15 points. Hmm ... I am wearing red, obviously.

While I tried to 'warn' many newbies who get caught to get out of markets, no buying if you dont have positions in KLSE(keep the cash) ... a few e-mail me regarding their stocks and should they cut-loss? I believe they have been asking around what they should do with their stocks in hand which some down by 30-50%.

Hmm ... as always, I am not a consultant. I will be VERY reluctant to give my opinions regarding particular stocks as NO ONE could tell you if your stock will shoot up or down in future. We need to check OURSELVES ... if we are buying due to PURE punting purposes which went very wrong or are we actually buying to hold for dividend purposes?

Comment : He is back ... with his harassment on my own personal blog. So, I placed him in my spam and will ignore him. How do you know I didnt cut off EAH and UOADev? I lost about RM1k+ in that cut-losses, ok? But, I do still hold little of them ... to remind me to check on them. If you could not take losses, do not move into markets. Also, if you do not know how to speak in good manner and language, I will continue to ignore you. If you feel envy or angry or such wriiting that comment, using an ANON, hiding behind there ... you are just a coward(rather than cursing me as a coward) to me. Face it, grow-up and let us shake-hands ... in peace. Dont call names as that is view as personal attacks. You may point out my opinions and debate about such but why go personal? I did not done anything to you, did I? Yes, you will be ignored.

Interview : Michael Tsen interviewed me last night(thru e-mail) and I have answered his questions except for the first question which I will share it here.

I am tired as I slept around 3 am and to wake up 7 am just now. It is yet another long day 5 hours of classes today. So, I will only watch while trying to catch some short naps.

SPSetia : Checking on her as she is at 3.50 level now. Gloomy outlook for many property stocks except E&O and Malton.

IJMLand-wa : Below RM1 today. Watch.

Gold at 1850 level. USD is prefered as EUR/USD is oversold.

11.30 am : HSI down 650+ points and KLCI going lower, reaching minus 20 now. Wake me up if KLCI down 35 points ... I want to zzzzzzzzzz ...

JiangXi Copper : Down another 5% today, below HKD20 now. It came up from below HKD4 in 2008 to HKD27. PE in single digit and recently reported a doubled net profits!! Talking about 'cheap' giants.

Chalco : At HKD4.44 now, its 52-weeks low level, actually. In 2008 crash, it was below HKD3 and moved up all the way to HKD10. So, at 4.40 level is cheap? It is still struggling after the anti-dumping issue with US.

Qinfa : Back to HKD2.60 today. Yup, this is one trade I will remember very well as I grabbed at HKD2, then sold half to my aunties as I need CASH to shift from KK to KL. Then, sold her off at HKD2.60 in less than 2 months(due to very quick recoveries then). It went up all the way to HKD5.70 actually below seeing 2.60 again ... TODAY!! Welcome back ... and I shall see if I will buy back at HKD2 or below?

Angang : At new 52-weeks low today. At HKD5.35 level. It came up from the crash at HKD3.50 to ... guess the price ... HKD 19. Cool recovery stories? At HKD5 soon .. will it be considered cheap?

Copper , Aluminium, Coal and Steel ... do I need to show more?

Many more of my 'Industrial' HKSE's H-shares doing very badly ... so, what do you think of those building-material sector in KLSE? Steel-counters are doing badly in KLSE ... check AnnJoo,  LionInd, Masteel, Kinstel and such. Check the charts ... are the prices below 50MA or 20MA?

Axiata : Hmm ... resilient and still at RM4.80. Good.

11.55 am : HSI down 666 .... oh boy, a bad omen.

Taken from AsiaPac : Trust you had a restful weekend. In this uncertain equities markets, extra care should be exercised in stock picking.


Free cash flow (FCF) represents the cash that a company is able to generate after laying out the money required to maintain or expand its asset base. A negative free cash flow number indicates the company is not able to generate sufficient cash to support the business. Now we ask ourselves, why would a company pay a special dividend if their cash flow is negative?

Malaysia :  HARRISONS HOLDINGS MALAYSIA : FCF at -9.44M Market Cap at 260.26M and PE at 6.95

12.55 pm : HSI closed at 672 points down and KLCI down 18.85 closed for lunch. I will see if these recover after lunch and only decide before market closing around 4.40 pm.

2.05 pm : Just done another hour but my 3pm class postponed to Wednesday. so I m 'free' while waiting for my banker to be here.

Glove-stocks: At 2.70 now and TopGlove at 4.50. 

Top Glove Corp, the world's biggest rubber-glove maker, fell to a 22-month low in Kuala Lumpur trading after the stock was cut to 'sell' from 'neutral' at OSK Holdings Bhd.

The stock slid 2 percent to RM4.50 at 11:11 a.m. local time, set for its lowest close since Nov. 20, 2009. -- Bloomberg


HSI down 777 points now after lunch. So, wait for 888 points down!!

2.30 pm : Office from PI Capital(Fred Tam's) called me to ask for my blog's address to check on me? Ouch. More eyes on me ... and that is NOT what I want!!

You see, I want to write about my opinions regarding Chart-Nexus courses but I cant. Many from Chart-Nexus reading my lines. That also explain why I do not agree placing CNX's ads in my blog because I m not a promoter.

I do like Fred Tam and he is my 'guru'. I read his books and listening to him since 3 years ago and I still do. I am still glad being able to meet him in person. That is also one of the reasons I m back to KL for, to meet those I respected and learn further from them.

2.50 pm : HSI down 800 points and KLCI down 23 points.

TopGlove : Diving down, broken 4.50 today. I am catching a knife here. Will the bleeding stop? Ouch.

4.05 pm : HSI down 860 points. How often do I see this? VERY seldom!! KLCI down 25 points, we are going to drop from the cliff now ...

4.45 pm : CUT CUT CUT ... maggi-goreng tonight at home.

9.50 pm : HSI lost 836 points with KLCI lost 23 points. DOW down by 100 points in intital stage now. Gold is down too, at 1830 level. FEAR is there as Greece is taken as a scapegoat.

Brace ourselves for another round of selling tmr ... or this week. Time to load off more of stocks, keeping cash to maintain to be in the game ... while taking the time to LEARN. When the opportunities are here, then we should move in. At the moment, CASH position is the best way ... but we can short FKLI, right?
I need to rest. Night.


TEH
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Discussions
Be the first to like this. Showing 5 of 5 comments

jeff7839

If not for the election hype and investors hope of an election rally our market would have gone down very much more.

2011-09-12 16:38

cmlooi

BIG BEAR.

2011-09-12 17:12

cmlooi

Big Bear.

2011-09-12 17:18

Usry Bin Abdullah

agree with u..now time for bear..for how long..? No body knows..

2011-09-12 17:28

AREBEAR

I m putting it as a monster bear due to the sacle of Greece debt default. Few articles on greece debt default looking this as bigger than the Lehman...

2011-09-13 08:00

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