My Trading Adventure
KLCI dropped ... finally.
CP TEH
Publish date: Wed, 05 Sep 2012, 06:59 PM
CP TEH
0 2,918
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.
So, KLCI dived more than 10points, as expected. Technically we have discussed that with the whole group 2 weeks ao too. The signs were there ... so, I told my group that I sold off my GenM, Genting and Armada due to klci-linked risk. But my non klci linked counters also suffer some setback today. So, top up and buying spree may starts again. You only get excited when u hv cash in hands and during cheap sales. If I have cleared all my holdings and buyback today at their lows, I could 'save' few k. I did cut loss or took profits for some but not all. So, what is next?
I will want to write about JCY and check on i3 when someone cursed me when I said technically it's a sell at resistance 1.60. He claimed that JCY will be trading at rm2 or was it taken private at rm4. I have a reader, I think from i3, asking me about JCY as he bought at 1.30+. Seriously, I have to say that I feel sorry for that. I don't read noisy forums. Do we understand that stocks are legally manipulated? Err .... I mean, unwritten rules, loopholes and who know who kinda manipulations. If u know JCY will be pushed up beyond Rm1 from 50cents, don't u wish to buy hugely? When u know a stock will be pressed down or game is over soon, wouldn't you be glad to sell before such crashing occurs? Reminding me of E&O where in less that an hour, so many punters bought into her at 1.70-1.90 as it will be at 2.30 the next trading day, see? Don't ask logic ... Tis is driven by greed. Otherwise, how do u explain why 80% retailers losing money in markets?
No one wants to lose money, including me, of coz. In order not to lose money, we need to be critical and analyse our stocks. We need to do our own homework so that we will not blame the broker houses, media, our friends ... your dogs?
Need to take a rest and will have another e-meeting. Tonight will be with my tratles group where we will be excited to discuss stocks to buy tmr for technical rebounds? Yes, my group could access to each other to discusss and analyse. I m glad we created such platforms and understanding. Not all but those active and willing to share ones.
Dinner time.
TEH
I will want to write about JCY and check on i3 when someone cursed me when I said technically it's a sell at resistance 1.60. He claimed that JCY will be trading at rm2 or was it taken private at rm4. I have a reader, I think from i3, asking me about JCY as he bought at 1.30+. Seriously, I have to say that I feel sorry for that. I don't read noisy forums. Do we understand that stocks are legally manipulated? Err .... I mean, unwritten rules, loopholes and who know who kinda manipulations. If u know JCY will be pushed up beyond Rm1 from 50cents, don't u wish to buy hugely? When u know a stock will be pressed down or game is over soon, wouldn't you be glad to sell before such crashing occurs? Reminding me of E&O where in less that an hour, so many punters bought into her at 1.70-1.90 as it will be at 2.30 the next trading day, see? Don't ask logic ... Tis is driven by greed. Otherwise, how do u explain why 80% retailers losing money in markets?
No one wants to lose money, including me, of coz. In order not to lose money, we need to be critical and analyse our stocks. We need to do our own homework so that we will not blame the broker houses, media, our friends ... your dogs?
Need to take a rest and will have another e-meeting. Tonight will be with my tratles group where we will be excited to discuss stocks to buy tmr for technical rebounds? Yes, my group could access to each other to discusss and analyse. I m glad we created such platforms and understanding. Not all but those active and willing to share ones.
Dinner time.
TEH
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Discussions
6 people like this. Showing 33 of 33 comments
Now is time to sell....our mkt over bought, better clear position, take profit or cut lose....
2012-09-05 22:19
not all counters kut.... if all counters also sell, then who wants to buy??... LOL
2012-09-05 22:21
we cannot guess what the market direction but we try to anticipate & react to the changes. KLCI is hit by the FD selling and GE13 (?)
anxiety (worries) on the outcome.
better stay out till a clearer picture emerge. this is my personal assessment
2012-09-06 11:48
market drop sharply but volume low, however, i think the market is oversold and the current fundamental is still healthy. top pick in defensive and good dividend stock.
2012-09-06 11:53
yesterday's drop fueled by asian and eventually worldwide bourses waiting for ECB actions.
today's drop is just fear! everyone jumping from bear market to general election coming! typical malaysian bourse! :)
i think the correction is healthy and could pick up some excellent businesses share for fair price!
2012-09-06 11:58
Start buying slowly, don't miss the opportunity to pick up good stock at lower price.
Buy more if dropped further...
2012-09-06 12:05
Yup.. the correction is healthy same as what Nor Mohamed yaacob always said whenever the market tumble last few years....
''don't worry, our economy is good and our leader manage economy well and fundamental is strong..'' long time not heard his comments. Hope this afternoon TV3 will approach him for a comments..hehehe
2012-09-06 12:08
for conservative way better to invest dividend stock have declared dividend in each quater, like Digi, Maxis, Biport, Tomypack, Amway and Engkah. dividend yield also acceptable...
2012-09-06 12:13
22+ points drop from KLCI. overdoing it aren't we? hehehe
good good..... let it drop below 1600 first! then Warren's harem is in place! LOL
2012-09-06 12:14
Bjtoto and Zhulian also are good dividend stock for each quater dividend declare...
2012-09-06 12:17
''don't worry, our economy is good and our leader manage economy well and fundamental is strong, also we are not affected by external factors, we have strong internal demand'' HEHE
2012-09-06 12:23
Unexpected dropping by most of ppl.Profit taken ahead and ready to pick potential counters in next cycle.Is the time I'm waiting for...
2012-09-06 12:24
andyteng: For me better keep until post GE 13 la.. who are govern our country that time we still have money to play..
2012-09-06 12:32
Hi
Glad to clear so many of my holdings as technical bearish-biased being shown last week.
I will go for technical rebound tmr, when local funds coming in to support. 1600 level will be in view. Trade at your own risk or else stay sideline.
The election rumours will be in play, thus creating more fear in markets. Downgrading of Malaysia etc etc will fuel the fear. Margin-calls, flushing off contra-players ... cutting losses by newbies/novices to create a panic selling bringing us to Sept 2011, yet again. But this time might be more severe and exodus of foreign-funds will be substantial.
Hence, avoid AirAsia, Genting, CIMB and those with high foreign holders. I am just pointing out and NOT making a sell call, please. Do contact your autorised dealers for consultation and remember to trade at your own risk.
Thanks and I am out of here.
Note : Yes, traders get excited when market corrected. More homework to be done.
TEH
2012-09-06 19:28
6/9/2011 - monday bla bla , tuesday haha , wednesday gaga.. live frugally and die, brilliant!
... the tuition fees i receive is very very very... low , busy busy busy...
1 year passed
6/9/2012 - monday bla bla , tuesday haha , wednesday gaga.. live frugally and die, brilliant!
... the tuition fees i receive is very very very... low , busy busy busy...
same brilliant shit again, brilliant my arse lah
2012-09-06 21:13
so tonight DJI and S&P500 up quite a lot. Not sure tomorrow will KLCI move up together with the peers, or will behave on its own way??
2012-09-06 23:00
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i like ur frank sharing, thanks for the sharing. dont bother of those that can't take it. many ppl can't swallow bitter medicine. refer Neoh Soon Kean book :- Stock market investment , pg 84-85 is interesting that he did mentioned of what is call "greater fool theory" which is similar as what u hv mentioned on why ppl cant accept when u advise to sell. :)
2012-09-05 22:07