My Trading Adventure

1MDB in news : Bad for markets

CP TEH
Publish date: Thu, 21 Jul 2016, 08:58 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.
Following Message


Morning ... waking up to see news about 1MDB splashing on my FB's wall ... I do not read about politics anymore as it will be depressing me further ... enough of bad-comments on our country.

On the positive note ... DOW going into new high, yet again to close at 18695.03 level. Congrats ... we are in bull-rally ... breakout from recent high of 18350 level.


KLCI is not going into new high? Why? The 1MDB news still haunting our markets ... and MYR. But ... we are well-supported ... any selling will see local funds to support that selling. So ... we are not worry YET?

Selling and reducing our positions is one of decisions we could make. Diverse away from MYR too.

Facing reality, Malaysia is going down-hill from here ... brace ourselves. It is saddening me to see the poor state of our country. I will still stay in Malaysia ... and always will. But ... financially, we need to be in good state to sustain ... locally.

Time to watch market opening.

Do read more about 1MDB ... as the stories unfold. I m not interested to know further ...

TEH



More articles on My Trading Adventure
Update : Plantation Stock (JTiasa and WTK)

Created by CP TEH | Nov 24, 2019

Updates on ABMB and AirAsia

Created by CP TEH | Oct 15, 2019

Giant waterfalls : BStad and SPSetia

Created by CP TEH | Oct 08, 2019

Waterfall : LKL

Created by CP TEH | Oct 06, 2019

Oct 2nd : DOW minus 343

Created by CP TEH | Oct 02, 2019

End of Sept : Awaiting the selldown

Created by CP TEH | Sep 30, 2019

Do nothing week : Awaitin' for sales

Created by CP TEH | Sep 24, 2019

23rd Sept : One week to go

Created by CP TEH | Sep 23, 2019

Formula for success

Created by CP TEH | Sep 18, 2019

Steps to be 'successful'

Created by CP TEH | Sep 17, 2019

Discussions
Be the first to like this. Showing 3 of 3 comments

zaqwerty

How come they overlook the LGE 2.4 Million underpriced bungalow.

2016-07-21 15:25

murali

Time to watch DVD The Big Short?

Starting phase 1 for facing market crash?

Oredi short KLCI futures 2 days ago?

2016-07-21 16:59

stockmanmy

if people think 1 MDB losses is huge, you have not figured out the $ 60 billion HST yet.

2016-07-21 18:08

Post a Comment