Tuesday morning ... DOW down 100 points, I am wearing red. Gold down too, crude oil down. What is up then? Yes, USD. With Swiss Franc no longer being 'used' as the safe haven, USD 'suddenly' surging. Do you say MYR weakening or USD strengthening? Well ... it is relative. If you say I am thin, that is because you are fatter than me. If you say I am talll, that is because you are shorter than me. Of coz we all could say ... Yao Ming is tall. Haha ... but, there are many still taller than him!!

KLCI down by 7+ points. Hopefully SIME could support the index.

Sime Darby Bhd rose the most in four months in Kuala Lumpur trading, rebounding from a 13-month low.

The stock climbed 1.2 percent to RM7.79 as of 9:15 a.m. local time, set for its biggest gain since May 11, snapping a three-day, 11.5 percent slump.

The recent slide was due to concerns Sime may have to make a general offer for Eastern and Oriental Bhd, UOB-Kay Hian Holdings Ltd. wrote in a report today.

The probability of such an offer is unlikely, it said. -- Bloomberg

10.30 am :  HSI down 100+ points, into 25-month low. That is 2 years ago!!

I am too busy to write today as I have 6 hours of classes and also need to go to airport by 3pm. Hence, by the time I am back .. it will be 9pm!!

12.30 pm : Heck ... I am so busy. No time for lunch.

SIME : Touched 7.93 , at 7.88 now. Wait.

SPSetia-wb : Still not moving much from my cost price. Clearing some to reduce exposure.

TopLosers

1.IJM at 5.06 lost 24 cents. Gone with the construction index.
2.PChem
3.PetDag
4.PetGas
5.PBBank
6.PBBank-F
7.Dialog
8.MSM
9.BRDB-wa
10.KPJ-wa
11. BStead at 4.97
12. AirAsia at 3.25 ... I shared with MS last Friday the very high risk of buying AirAsia now. Being pushed further down and imagine if some foreign funds started to sell her ... gosh ... will AirAsia see RM2 or RM2 once market collapse? Will you buy or sell? Do you know what highly geared company is? AirAsia is highly geared. To check their performance, perhaps time to watch football ... EPL and check a team QPR(The Queens). MAS is sponsoring them ... as Tony is the owner!! Mind you, the target price still above RM5? Hmm ... downgrading in on the way. That is how broker-reports work. Haha
With Petronas counters going down, it is pulling the KLCI today. PBBank helps the KLCI lower too. I am looking at IJM, PChem, PBBank and BStead. These are signs of BAD things to happen. BUYING now is risky ... so, even I have cleared my 'beloved' Axiata last Friday.

E&O : In red today ... touched 1.52. It is still in news ...

Kulim : At 3.55 today ... remember a guy sitting next to me when I attended Fred's talk some time ago at Mid-Valley? It was at Mid-valley. He told me he only bought two plantation stocks. I cant remember the other one, but I remember Kulim. Seeing that he is a nice person, I gave him my blog-site. I wanted to tell him time to take profit or sell then ... but again, I reminded myself NOT to give such calls. It is impossible for me to understand why he bought Kulim, when he bought Kulim and what he is going to do with his Kulim. Well, if he is listening now ... hmm ... more down side to come? Hmm ....

Genting : Losing its RM9.40 support ... selling will intensify.


TEH