it is a down-day for whole day ... many property-stocks given away the profits and back to the level before the rally ... could it drops to close the gap ... before election?


KLCI : Closed at 1738.19. The only counter close green is Astro. All red.

KLCI at 1738, a very critical point ... and if tonight DOW closing about 200points lower, expect it to break the current 1738 ... dive all the way to 1720. Now, not many are bullish ... talking about 1800 and above ... as we are heading to 1700 levels. Which side are you in? 1700 or 1800?

UEMS : After a change of name, selling pressure could be seen and at 2.92 today.

SKPetrol : Moving into KLCI 30-component-index today ... but down to Rm4 level. Another one is welcoming back MISC ... broken RM5, at Rm4.93 now.

BAT : A top loser today ... well ... with haze around, not many is expecting to be smoking? So, hence ... we could accept the selling of BAT?

GAB : Dropping 10% ... and today I do see many dropping nearing to 10%. ouch. err ... people dont smoke or drink anymore?

Property : MahSing, HuaYang, Cresndo, KLCC, UOA ... Sunway ... KSL ... Ivory ... or whatever property-stocks that we like, all dropping like bowling pins. MRCB ... KimLun ... where got bullets to buy so many?

Parkson : I have sold at RM4 and asked the group to sell too ... now, at RM3.76 again ...

Well ... Raya sales is around the corner ... guess need to sell more by end of June.

Privitisation of my blog : I have received a few e-mail, wishing to be in KIV list ... I have not think of HOW to privitise it, but I have mentioned about these some time ago. So, I will write to those in my KIV-list. Write to me your intention to continue to read my writings. I might collect small fees. Thanks.

Ok ... market closing. KLCI down 17.66 points, to close at critical 1738. A breaking of this level ... many of those still holding to some stocks, need to clear or hold till Raya mega-sales. Wait for KLCI's RSI below 30, oversold ... be patient.

off.

TEH