DOW down almost 300 points. Hmm ... here we go again ... selling our remaining stocks? You see, it was bullish yesterday as KLCI was up 10points(thanks to SIME). HSI was down 200 points. Moody is moody again, downgrading large banks.

News : The Federal Reserve did what investors expected Wednesday ' it said it would buy Treasury bonds to help the economy. But stocks fell anyway. The reason? The Fed made it clear that it thinks a full economic recovery is years away.

News : Moody's cut its credit ratings Wednesday on three large banks ' Bank of America, Citigroup and Wells Fargo ' underscoring the challenges the sector still faces three years after the onset of the financial crisis.

So, we shall see more selling in coming weeks? Yes, I m currently reading a lot about banks ....and started to look into HKSE, leaving KLSE soon.

SIME : These are further discussion in the FB regarding SIME, ranging from divergence etc etc. I am a trader and only in for short-term ride on SIME(due to huge selling) so, I wont look into weekly charts and divergence which need weeks or months to form(LL). Hence, TIME FRAME is important to mention here. As mine a short-term technical rebound, I might be selling today. Yup, I m not the normal TA-kaki. Shiro, you need to learn from others(Edwin too) as they will confuse further of the way I trade. I am looking into FA - then, MA playing a role ... before I place the S&R. I am looking for technical-rebound as I feel that current market is NOT a buy-n-hold. Investors SHOULD have sold their positions about 2 months ago when many blue-chips and giants prices went below MA200. Today, we are in for bear-rally. I rest my case.

Will be too busy to write further today until night, if I m not too tired. Yes, classes and preparations will make me work till 6pm+ again today.

coward-stalker(CS) : Thanks ... I will continue to BS, dont you worry. And thanks for visiting early in the morning. You made my day!! Can I call you CS since you shown that characteristics? If you have forgotten, I never call anyone 'coward' but you used that on me. Wonder you know the meaning? Hmm ...

11.30 am : KLCI down 18.7 points with HSI losing 760 points. How often do you see such sell-down?

SIME : Sold off half at 8.14 this morning done while looking at Genting.

SIGH : It is weird ... while I tried to be good to everyone(FA or TA), trying to help many understanding markets ... openly here ... there are still many very un-happy with what I am doing and trying to get some attention, in a negative manner. Seriously, we really have all sort of human in our surrounding. Just beware as these are crooks. They will prey on un-familiar, un-aware and weak people. These are bad humans, to me. Hence, to be successful, we need to get ourselves away from them. Ignored.

AirAsia : At 2.93 ... down 7% plus today itself. Landed. Reality seeps in ... NICE!!

Genting : At 8.90 level today ... ouch.

E&O : Lost in the trade again .. difficult market, better stay aside.

SPSetia-wb : Losing ground, cleared for small loss too.

Gamuda-wd : Cut cut cut ... yup, need to increase the fees from RM150 to perhaps RM200 per hour and give more hours to cover my losses in market. A good suggestion, indeed. Thanks again.

12.20 pm : My students not here and I am free for another half hour. KLCI hanging at 1400 level. Guess it will break 1400 or stay there for a while or move higher from here?

http://nexttrade.blogspot.com/2011/09/good-blogs-dont-die-not-so-good-blogs.html

Nice writing from Alex and will like to add further tonight. Got to go for lunch(free lunch today!! haha).

9.25 pm : WOW ... KLCI dropped 31 points and HSI lost 900+ points. WOW.

Buying anything cheap today? I was having lunch with MS and BL. I think many more interesting plans ahead after I am done with my modules and when trader-meeting organised. I will want to see how things work out. I am more interested in my teaching part ... the knowledge shared could be used in FUTURE and will always with us. Yes, market is ALWAYS there. Will you be there ... that is the question? If you get stuck deep into KLSE's hole at the moment, how could you be there when opportunities arises? Also, by increasing your knowledge, you could start to understand more ways of profitting, right?

Volume-play

I wanted to parade my waterfalls of HKSE's babes but too tired. I also chat with an air-cond shop boss who actually buying into goreng stock. He taught me his 'secrets'(after he lost RM2m in 1997/1998 experience) that buying stocks is meant for GORENG. You could not gain much buying Genting!! Wow. He said ... buy ASIAPAC at current level, buy hugely ... he is queueing for tmr for RM30k. Yes, RM30k for ASIAPAC because if ASIAPAC go up even one-cent or two-cents, he will sell for huge profits. Otherwise, he will HOLD. If it goes lower, he will buy more .. say, another RM30k, and HOLD. You get what I mean ... no need to check on charts or fundamentals Heck with those FA + TA. The best still PA = punting analysis.

There is some logic in his theory, actually. In fact, MANY uncles-aunties profit a lot for such strategy. I might want to consider to put some amount for such strategy - buy-n-hold those cheapest stock during market diving and HOLD till it recovers!! Yeah ...time to get rich again is here.

http://sportandstock.blogspot.com/

By ru40342
I don't actually agree on your opinion of technical analysis fail during bearish market. In fact, IMO technical analysis thrive during uncertain time as it provides clearest direction (beside EA ie economic analysis) of the market.


Furthermore the so-called pundit analysis is superbly unreliable and subject to very high ratio of risk. Limited gain but unlimited loss. Those uncles-aunties would be better off holding Pbb in the long run as good stocks tend to outperform stocks like Asiapac.


Holding a stock that has dropped and pretend that there is no loss incurred is immature in stock investing.

Hey RU ... yes, you seldom blog. Read that you are doing your PhD. Wow. Good luck, then. For those many new readers, RU is one of blogger I do read in my initial period when I was still wet-behind-ears. Haha. Yes, he is the person introduced the huge HKSE's casino for me to gamble and lost my money there! Haha. Thank ... RU. Your pointers have always been appreciated. Yes, I owed my learning to many 'senior' bloggers here. RU is one of them.

Hmm ... what I meant was TA failing for short-term trading. Many indicators giving more frequent failing signals. I didnt mean a blanket statement-la. Yes, I told my 'turtles' to check on MA ... as charts giving us the overall picture of markets. Those broker-reports will not. Those analysts was still trying to cope with the current situations and coming up with down-grading reports soon, in tonnes.

Yes, I am pointing out that MANY uncles-aunties actually punted into stocks THAT way. Serious ... I pretended that I do not know anything much about stock-markets and asked a lot of questions!! We were buying air-conds, water filter and water heater from him. Of coz he is happy to share his 'secrets'. I am his big client today. Haha. So, you see ... what they missed out is DIVIDENDS. When stocks stuck inside for long ... and MIGHT NEVER recover, they keep averaging down. In his opinion, AsiaPac will CERTAINLY doubled his money invested. Yes, he used the word INVEST. I just listened as he was excited to share his secrets.

Another stock he was queueing is Focus-wa. It is in huge amount and he doesnt mind showing me his queue for tmr!! I was like ... wow.... this is a big shark or is there bigger shark going to have him as dinner? That is the play there, see?

I knew a man told me about a stock name 'connect'(PN17)' and how he bet HUGELY into it and gained 200% from her. He told me his secret too ... "TEH, you see .. after years in market, I discovered this way of buying into stocks. I lost a lot of money buying into those Genting-stocks and then, I learnt to buy in huge volumes. Even one or two cents, I will sell as I am buying cheap-stocks".

So, there are really many ways of punting, trading, investing, speculating ... but the bottom line is PROFIT.

I do wish the best to the boss before I left. He said ... sure win money la. Otherwise, you buy Kencana ... Mahathir's son one. Sure earn money counter too. Hmm ...

I am around long enough to listen to many good 'stories'. Those bought CWs .. forgot about it and lost ALL their money in them when it expired. I have heard of a person told me he is holding to 20 stocks(even gave me the list and many penny stocks like Saag?) and wonder what he should do. I have also heard of a reader bought Nestle when it was at RM5(WHAT??) many years ago ... buy to hold.

Who are the actual person earning hugely from markets, besides the huge-funds?
TEH