It is almost 11 am ... I couldnt get online this morning. I do have classes too.

I am wearing very RED and my wife asked me ... today market will go down meh? I was laughing and said ... dont know leh, dear. You didnt iron the green-ones. Haha.

KLCI down almost 30 points now. Let me check first ...

As of today, 30 points is not a big deal anymore!! It is a big deal for KLCI to drop 10-20 points just merely 2 months ago. See how things change? Wanna bet that our friendly broker-houses are VERY BUSY coming out with more downgrading? Hmm ... are you going to WAIT for them to downgrade your stocks then only you are CONVINCED that we are in ... err ... downtrend? Hmm ... I do not control the markets, ok? I am pointing out what are expected next.

Banks : Hmm ... PBBank, Maybank, CIMB, RHB, AMMB, HLBank ... hmm ... more downside in banks, ok? I told my cohort-1 turtles to check the banking stocks last month when I posted a simple outlook of banks around the global. When some YTD down 20-50%, what is KLSE's banks? Sometimes, it is difficult to explain to those novices or many more in markets for years(merely punting without knowing anything much).

AMMB and MayBank : I do have an 'aunty' colleague always boasting to my two turtles(PT and EK) that she bought AMMB and MayBank in 2009(she subscribe to TTB's) and kept pointing to them I am just a speculator or gambler. She is a nice friend of mine but when it comes to stock-market, it is not point I debate with her, right? I have wanted to tell her to take profit on your AMMB(was at RM7 then) and Maybank(at RM9) ... but since last-year 'friction', I never speak to her about stock-market anymore!! I just find that I am taking the RISK of being keh-poh and what if KLCI continues to go up to 1700 level and these two babes of her reaching new heights? I am always placing myself in RISK ... writing these lines here. Sigh.

So, I checked with PT last Friday when he attended my class if this aunty still holding to her two priced-babes. Yup ... still holding and thinking of selling(finally). Guess if she could check market now, she might call her remisier to sell AMMB and MayBank. Yes, bought at 2009(cant remember her entry prices) was a good decision BUT selling of banks should be around July-August when banking index went down 200MA. If only she knows A LITTLE of moving-averages(she is teaching Maths too), she could keep a few more thousands of her profits? Am I going to risk myself and sharing with her later? Part of me wanting to help, but THIS IS MONEY ---- her money. I will be blamed, anyone could understand how difficult it is to ask anyone if we could BUY or SELL a stock?

PBBank : I was joking with a 'turtle' of mine(SAM) that PBBank is the tai-kor of banking in KLSE. He said ... no la, it is MayBank. Haha ... the joke was, PBBank's TEH is my uncle. Haha ... so, my uncle-TEH is the tai-kor. Yup, PBBank is built to be the BEST bank in Malaysia now. MayBank(or CIMB or RHB) are national-banks. Might as well nationalised them!! PBBank still give good dividends, ok? But for PBBank's price to double, that could take a huge bull-rally. By then, our Najib's bank will have tripled. BN-boleh

SAM : Yes, he is a very experienced person in KLSE and working in financial-line. Thanks for such a respect to attend my uncle-class, SAM. Wanted to treat you teh-tarik. Haha


KLK : Going down below RM20 today ... it was at RM20 when I first taught my cohort-0 (Nos 2010) about looking at leader of the industry/sector. Also sharing with them the sensitivity of certain counters with CPO. Some counters deriving their earnings from DIFFERENT forms. That is called homework to be done. Otherwise, one may not understand these reports. It is business, for your info. Some common-sense(not self-denial) will help too.

BStead : Still moving lower ... buy-n-hold? Dont be investor at this point of time. It is just first-leg la ...

SIME : Not done at 7.90 and lower. It touched 7.95. At 8.02 level now, nothing much.

Note : I DO NOT take pleasure seeing anyone losing money especially those I know but I could not and should not ask them to buy/sell. The risk of losing a friend is great. This is MARKET. It is noisy, many are buying and today many selling. These activities generated by FEAR and GREED, which will be my module-4 for my cohort-1.

I am in up-beat mood as KLCI down 32 points now, HSI down 300 points. I cant hide my excitement. I am sorry for those losing as I have cut-cut-cut losses too. But, I did that much earlier. That is knowledge .. helping me to keep in the game(as what my sifu .... Livermore said).

GenM : At 3.04 now ... wow. Check her out. This is another stock my gal-turtle(WY) holding, bought at RM3.30 level in NOV 2010 and did not take profits at RM3.60 and RM3.80(those are resistance levels). I was talking to her on Sat ... she just smiled. I cant be asking her to clear her at RM3.20 then, right? What should I do? Tell her that GenM sure to go below RM3?? How do I know?? No way, I do not know, to be honest!!

Short the banking-stocks

HSBC : Going below HKD60 today. PE around 11. Watch her going below HKD50 first.

ICBC : Touched HKD3.78, new low today. ouch.

ABC : Touched HKD 2.65 new low today. ouch.

Click : Defensive stocks by Moo-moo

2.05 pm : WOW ... KLCI down 39 points. So, we are in downtrend now? Still no? Hmm ... technical rebound might be seen in days as KLCI is oversold la.

What is important to note is BANKS and PLANTATIONS are heavy-weights in KLCI-index linked. So, with these today in selling today, no need to check KLCI support la. Breaking ... and braking?

Proton : Upgraded to HOLD by CIMB ... due to Mitshu? Hmm ... Proton? Down 6% today and at RM2.60 now. Hold? Hmm ....

MHB : Down 7% so far today.

2.20 pm : HSI down 500 points now. Guess what is up in HSI? Hmm ...

Gold went down to 1570 level and Silver went down to 26 level. WOW.

2.35 pm : Ok ... KLCI down 45 points.

KLCI down 50 points now ... buy or bye? I am waiting for 70-80 points drop!! Dare enough to move in?

Going for BJToto or YTLPower? How about GenM? hmm ....

KLCI dropping 53 points. Got panic selling or not?

MAS : Mana ada sistem la? Drooping 6% now.

3.10 pm : KLCI above 1320 level now. Phew.

SIME : Clearing her too at RM8 done. Bye.

GOLD went down to 1540 just now, recovering. Very volatile now.

BStead : Going below RM4.50 now. Nice.

Twitter : I do have a twitter and I am going to use that(must learn la). Then, get a-smart phone ... can tweet and facebook. Yes, these are two 'instruments' I am going to create and use to reach for my turtles, readers and "members". Yes, it will be for member-only.

Those with twitter could follow-me, ya. Hehe

GenM : Was queueing at 2.98 not done. It touched 3.01, at 3.12 now. Never mind ... wait for her tmr or next week or next month ...

Axiata and Genting : Turning well too ... will check on top-losers tonight. Haha

4.00 pm : Was reading Jesse Livermore's book ... nice to re-fresh some of his superb trading mentality. Just that it is hard to follow. Hmm ...

4.25 pm : KLCI only losing 35 points.

GenM : At 3.20 now ... missed her.

MudaJaya : AT 1.80 now, down 3% today. RSI was at 16 level, after today it is around 12?

KLCI closed 34 points down. Done nothing much in KLSE except took the small profits from SIME and run ... keeping cash.

off
TEH