$A plunges to 10-month low on US fears

Terrible market now ... brace ourselves for another huge sell-down. I will see if I could grab some in panic selling. Shopping time if KLCI down 50 points.

Counters in mind is GenM and Genting. Maybe TM and Axiata. May be Kencana and Sapcres? May be back back SIME?

9.30 am : KLCI down 25 points only. Not really panic selling seen. I bought some SIME done at 7.90 so far.

AirAsia : Get caught with her yesterday. Landed. Minor crash ... and few passengers injured. Get out soon.

BStead : Intraday low at RM4.64, so I will queue at RM4.64, RM4.60 now.

AMMB : Broken RM6 today, earlier than expected. I shared with my 'students' two weeks ago to watch. At RM5.70 now, a free-fall now.

The way I see it, today in US will be MORE selling. So, I think I will only keep SIME. Keep cash.

9.55 am : KLCI started to recover a little, down ONLY 20 points now.

BStead : My 2.64 done.

Sime : Added at RM8.05.

USD : Strengthening further ... this is where THE money is now.

Gold and Silver down. Oil down. Stocks down. USD up significantly. Check out USD vs MYR.

10.20 am : KLCI still down 15 points.

AirAsia : Cleared half at 2.82 for a loss. Grabbed yesterday at 2.92. Ouch.

11.05 am : AirAsia flying up again ... will check when market closing.

T\rading class : Support and Resistance

Tonight I do have a class, talking about Support and Resistance. Some asked me about cohort-3(my next NEW classes) and I am sorry to say that currently I am too occupied. I will consider than next month on SATURDAY morning as I have more than 5 enquiries so far.

So, those NEW ones, you may want to come TONIGHT and e-mail me. It is kinda pack tonight, tho.

My next cohort-3 wont start until I could get my cohort-1 to finish their modules. They are at module 4 and module 5 next. That is another 1 month to go. Dont worry, market still collapsing .. learn first. Be patient.

Yes, I will increase the fees to RM200 for cohort-3 onwards(next year fees. haha) ... well, remember I lost money in my Topglove-trade and I have to cover my losses? Haha ... just kidding. I have explained that next year, my Maths tuition clssses will increase significantly as exams approching. From Jan till May, I will have a crazy time!! If you think it is too expensive, the lessons and losses in markets will be much greater.

2.45 pm :  KLCI down 19 points. NO alarming of panic selling yet.

Ads : I have banked in my first cheque I received from google(Citibank, US). It will take ONE month to clear. Wow ... thought it will clear soon as USD is high now la. USD vs MYR at 3.15. Thanks to those few who have helped me to click on my google-ads. For those havent, will you please help me to click on the ads?

I am home early as I need to nap, trying to recover from my losses(in markets) ... hehe.

CyPark : Resume trading ... up now. MOU only ma, why go up in bearish market? Hmm ...

http://www.crbenv.com/

5.15 pm : Cleared off AirAsia. Luckily someone going to treat me dinner. Phew.

SIME : Closed at 8.10

BStead : Closed at 4.80

Still giants are doing better ... no more touching those non-giants.

Got to prepare for tonight's class.

KLCI down 22 points and HSI down 240 points.

Gold at 1725 now.

TEH