My Trading Adventure

Dropping 20+ points?

CP TEH
Publish date: Fri, 07 Sep 2012, 01:00 AM
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.
Tell me, how often do one see KLCI dropped 25 points? When was that the last time this diving happened? Do some homework, please.

When are we buying stocks? When it was at high resistance of 1655 or when it is going to support 1600 psychological level.

With basically only 10% of trades done by retailers, and with 90% of retailers losing money, you could guess that many would have panicked and sold their stocks?

No one really expect such a drastic dive. 40 points in two days? What a sales. It is SEPT thingy again.

With that, I called for 'urgent' e-meeting with tratles group to discuss some good stocks in good technical rebound play tmr. Well, I do share with them logical ways of seeing market. Yup, they are glad to be in the group to learn. It will take some 2-3years for them to understand how markets actually work and why off sudden there is a sell-down, how do we play on emotions of markets and going contrarian? I bought some stocks I like ... it is a sales?

DOW up 230+ as I am going to rest soon ...

I took a long position today. Hope it will rebound. Wish me luck in my future as my future trading is depending on it. Hehe

TEH
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Discussions
2 people like this. Showing 11 of 11 comments

herbert456

Good point.... My top picks are AIRASIA and DRBHICOM....

2012-09-07 07:40

joseph hii

i pick genting, airasia, and cmmt

2012-09-07 08:08

kl foong

I am watching Genting,YTL & Pharm.

2012-09-07 08:24

herbert456

AirAsia is moving now.... waiting for it to take off ..... :)

2012-09-07 09:23

lpwnew

small bear came in already...hopefully his mother don't come before the election

2012-09-07 09:25

herbert456

So, let the BULL out to fight the bear .... :)

2012-09-07 09:26

heehaa

hei, suda merah

2012-09-07 09:27

herbert456

"V" Shape ..... going up now coz i think those who oversold r pushing down before buying back again....

2012-09-07 09:54

jacklew

added a few more lots yesterday :-)

2012-09-07 10:08

pdtan

1. ...No one really expect such a drastic dive....
2. ..why off(all of a?) sudden there is a sell-down.....
http://klse.i3investor.com/blogs/cpteh/17178.jsp
Dropping 20+ points?
"--No one really expect such a drastic dive. 40 points in two days?
--why all of sudden there is a sell-down...."

Yes, the Barbarians are at the Gate (S&P warning of a downrating on Msia's reckless deficit policies), and yet no one know -- not our appointed nor elected leaders (who are paid there to lead and protect us from such harms), not our financial/banking experts (authorities/research houses)---and all Msians( and I mean ALL, collectively) are still drunk on samsu and having hangovers,walking like dead pigs, exactly replaying the same scenarios pre-1997's Foreign funds attacks (ala EAsian FinCrisis)...

With the types of leaders we have-- the govt we collectively elected and maintained, the government servants our PSD appointed, the quality of the top financial/banking managers occupying the posts in both public/private sectors--I have little CONFIDENCE that they have the "brains nor the capablity" to NOT LEAD the country into this path of self-destruction AGAIN and to fulfill their OBLIGATIONS to SHIELD MALAYSIA from the coming raiders/looters of the now-bankrupted West...

Yes, nobody know why the S&P's (consider this the initial stage) warnings on our economic policies; you too,dont know what hit the KLSE, all the lousy leaders continue their brainless/meaningless existence and making bad decisions leading n running the country's economy , banking/ financial/investment sectors,no repentence of habits of immoral pillage and sinful decadence, not a single above-passmark measure to "shield" - not to mention to "advance" the nation against the fierce global climate/ challenges)...

Unlike the Koreans ,who slept thru the last EA Financial Bankrupties but repent n rise up from the ashes soonafter and now excelling/conquering the East,maybe soon,the world....we are only good at copying their shits of Gannam style with our Sabah, Penang ,KL + Hakkah + Kampung styles....like we did prior1997 following our great wise Mahathirleadership of Look-JapaneseShit Policies ,creating so many shit-records in the MsianGuinessBookofRecords....

And yet like all the traditional festivals we must follow n celebrate, our leaders must bid up the KLCI, the RM,properties n car prices because we must have the feel-good budget rally,the election rally,the CNY rally....like the pied piper leading the rats (us) over the cliff...

The authorities does not even REALISE there is a REAL danger of their own common pple keeping their investments,shares,properties and RMsavings, their jobs,their business,their children/family wellbeings........ in Malaysia,

2012-09-07 16:05

kkbee

Very analytical one from pdtan.
Hmm...what is feel good....''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'', agree?? hehehe

2012-09-07 18:00

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