There's not much activity with the HA but with the general market going down, I'm wondering whether it might turn into something like JCY's and AirAsia's HAs. If there's a sharp and sustained fall, the HA will go up. That's how the put warrants are supposed to work but we have seen that it is not always the case. But no harm in checking on it regularly.

Time will tell whether this is foolhardy. I'm going in for the CF at 0.025, pick up if I have to and wait. But not too many lots though; only what I can afford to lose without having to seek the favour of your friendly neighbourhood Along ("friendly" until one misses payment).

Kc Loh, you are only just selling now? Wow!...nerves of steel. I had run some time ago.

That's one of the great things about the stock market - no one really knows what will happen in the future. Even the near future (defined as a week or so). Sentiments can easily change, from negative to positive to feverish; and the other way round too. It would be prudent to read and think about analysts' and other peoples' opinions but one should make his own decisions on whether to stay at the sidelines, to buy or to sell.

With JCY, I believe it still has its followers - punters who'd jump back in regardless of whether they have been burnt by it before if they think it's going up. It has become a speculators' counter and its up or down movements will be more affected by fickle perceptions and momentum rather than the general market conditions or even fundamentals. But it should be for the short term - make some profit and get out instead of waiting for more. With me, I'm waiting to jump in with the warrants (-CF especially) and get out after 1 sen. Or maybe even 0.005 depending on the situation.

Today's transactions aren't reported yet at BSKL. But in the report dated today, he/Muamalat did sell on Tuesday and last Friday:
14/09/2012 920,000
18/09/2012 570,000

There seems to be a two-day lag from the actual date. But I wouldn't be too surprised if there were also sales today and yesterday. Sigh... looks like we'll still have to put up with this. Anyway, although the early buying support later petered out, at least MK Land managed to end at yesterday's level. With so many counters going down, this can be considered as "good".

Considering how most other counters dropped today, the fact that IHH actually gained one sen is encouraging. I'll be happy if it keeps on performing like this - nothing sensational, just go up quietly.

Actually, that's the common wisdom - that its profits will slide this quarter. That is what most analysts and investors say. If that is so, there's the possibility it has already been factored into its price and investors won't be too surprised when it comes. So, any form of good news (doesn't have to be too significant) should be enough to not only halt the slide but also create a new impetus(?)

I will definitely keep an eye on JCY. From its previous record over the course of this year, it had often gone on an upswing even when others were not doing well. As we have seen in the stockmarket, it is perception that counts more than actual business performance. And when there's enough momentum, the reverse will happen.

Shouldn't have expected it to get to the lower 1.50's again. Have to raise it to "lower 1.60's" now. It has been quite resilient today compared to most other quality counters... and Mudajaya *is* quality.

Anyway, there goes India again, and investors will be deterred from buying to the troubles there. This is what you get with politicians looking at the very short term, trying to win votes and ignoring the long-term effect to the economy. Manmohan will have to show firmness with his plan and not backtrack.

You mean it expire next week...? I thought it's 8/3/13, as stated in The Edge.

True, either in not buying and see something going up, or buying and seeing it falling. So, the former is `better', definitely. I'm sure this kind of regret will happen again and again. We have our misses but at the same time we have hits too. It's in moving on and going AHEAD after both failures and successes that's more important.

Ah, the end of another trading day, and I didn't do anything... which in itself is also an action. Let's see whether there are better opportunities tomorrow. In this kind of market, I'd rather keep the gunpowder dry and miss out on the odd chances than have the capital stuck.

One of my biggest regrets is in not buying the HA after someone mentioned it here (Genius-something). It was at 0.08 but I had stuck with my price of 0.06. What a missed opportunity. But that was a good lesson for BSKL traders. Previously HAs tend to be ignored due to ignorance - sometimes the HA would also go up with the mother and the other call warrants. Crazy! Hopefully the investment banks will come up with more HA. That's the nearest we can get to shorting a counter.

I did with CF about two weeks ago which is why I'm still following it:-) It was that time when JCY had the sharp fall, going to 0.90. Got it at 0.04 when there was panic but I felt the fall was checked. Sold at 0.06. You are right about it being risky. The premiums are also higher than most others. But there is momentum with JCY, and this is what counts the most with warrants.

Someone unloaded so many lots of -CG at 14:30:18 at 0.02. Only two more months left, and with a rather high ex price of 1.40. I feel -CF has a better chance (28/2/13) at 1.22. Undecided whether to just go in at 0.035 or wait for tomorrow.

@talk2pkc, I feel this is a long time coming. Especially with the index-linked and so-called "quality" stocks. They have been going up and up and it's about time for a correction. But when that happens, most of the second and third liners go down too. There are bargains, comparatively, and there will probably be a mild rebound towards the end of the trading session. But I feel it's better to wait a bit first for the market to settle down.

And it could come as early as tomorrow. There are people who just *must* trade regardless of the general sentiments, and the penny stock and warrants will be in.

Yup, just noise from an empty barrel. In a market like this, keeping calm by ignoring and filtering out the static, and instead use the energy to figure out deals that have the potential to be profitable in the coming days or weeks, would be more beneficial. With AA, it's the warrants especially. Then there's SK Petro. But not just yet...

Not just Benalec but most other counters too. I don't feel comfortable about buying anything at the moment. Just looking at favourites like SKPetro etc... "looking" and not doing anything. Worrying about the classical cheap becoming cheaper.

Have to be cautious, especially with the general market significantly down. But in MK Land's case, it's more of Mr Kasi and his Muamalat buddy - have to be reasonably sure they are done with the selling. I'd really hate it if they are just waiting for it to go up a bit, and then continue selling.

Very heavy volume. What's going on here?

Knew I should have added more at 0.335 yesterday. But if it's on an upswing, then it shouldn't matter too much if it's a bit higher, isn't it?

It's sliding!... Is there a chance to come in later and ride a rebound?

I don't know what to make of this one. Heeding what Namoyaki has said. But at the same time, it could be on an upswing. And the price - it's rather on the low side. However, the trader better be prepared to pick up should it not go his way in the next few trading sessions.

To Bank Muamalat & Mr. Kasi: Please stay out ya.

calvin, andy - Remember how this counter was moving so sweetly last month?...from 0.30 to 0.43 or so. I believe this will happen again. That's because it is grossly undervalued. I had read somewhere that even if one is a real incompetent `dunggu', if one has land - and lots of it in prime location - one will still do okay, at least. Not to say that MK is a dunggu; far from it. The point is that land appreciates over time. The company just needs to unlock the value that it already holds.

Since we have gone off-topic, might as well continue:-P Taman Tun - way too expensive for me. Even Kota Damansara has gone up significantly and I like this place. Giant, Carrefour, Tesco nearby plus The Curve and One Utama not too far away. Very near to the NKVE toll too. I'm looking at what could be the next big thing and I like the properties by Mah Sing and Worldwide in Subang Bestari. But the roads there are too narrow. Hopefully this will improve when the RRI land gets developed plus as the MRT progresses (near proposed Kg. Baru Sg. Buloh MRT station).

I live near there (Kota Damansara) - Mutiara Damansara has become too hot in my opinion, with the traffic too congested for my liking. Wonder what it will be when those new buildings are completed? Even now I tend to avoid Persiaran Surian - when going to Kepong, would rather take the longer route of Jalan Kuala Selangor. But value-wise, those who had bought property around that area will make a lot of profit if they sell. Good for you, tony:-)

It's so obvious that the `takeover bid' was staged and a con game to push the price up. And this is on a bigger scale than what Malaysian Insider did with its story on E&O last month. The important thing is, what will the authorities do about these? Are they just going to wash their hands, saying "technically there was nothing wrong"?... If that's the case, then we will definitley see more of this at BSKL.

tony, the properties that you bought from them - just out of curiosity, how's the value doing since then?

And since its business is mentioned, I have been doing more research on it. The reports from Public Invest and Kenanga are very encouraging - its market capitalisation is only RM360 million but the land value alone is worth more than RM1.5 billion! I went around that area a few days ago (to see *my* building... well, doesn't matter if I only have a few lots Heheh!). I don't know too much about the Klang Valley (was from Pasir Mas), but my wife who was born and bred here says that location does have a lot of potential.

Exasperating isn't it? Over the past two weeks, each time the counter formed a base and looked set to go an upswing, it gets dragged down by this forced selling. The problem is that we don't know how many shares are pledged. Sad, really, because MK Land should be priced at a higher level... definitely above 0.40 at least.

This is the main drag on MK Land's price: since 4/9/12 Bank Muamalat Malaysia Berhad has been selling from the "Pledged Securities Account for Kasi A/L K.L Palaniappan" who has more than 300 million (25%).
http://www.bursamalaysia.com/market/listed-companies/company-announcements#/?company=8893&category=all

Don't know how many more of his shares will be sold but until this is through, it will be the main obstacle towards the price going up. Mr. Kasi: Bila bank akan stop jual, please?

PublicInvest just published this. It reaffirms the TP of 0.80. But the shorter term performance will depend on this person's shares - if the selling is completed, then there will be an upswing.

"Shares of MK Land (Outperform, TP: RM0.80) are continuing to see selling pressure arising from the gradual disposal of a significant shareholder’s stake, likely a result of margin calls. We continue to like the prospects of the company however, and still see it undervalued given that it is trading at a significant discount to its book and revised net asset values of RM0.89 and RM1.56 respectively."

Looks to have sustained interest today. This is good. Once it clears those 1.17-1.19 volumes, I don't think it will look back.

Looks to have formed a new base with support at 0.33. It's just a so-so developer but its main attractions are the land banks in prime locations. I came in a bit too early at 0.36 but this is one counter that I'm keeping. With this discrepancy between share price and NTA, its time will come... again.

Sliding down. Some people are panicking. If the -CW gets to a more attractive level, I'm coming in again.

I also have some reservations about it basing so much of its report on The Edge's article. It's supposed to work the other way - the IB analyst does the research and analysis while The Edge uses that for its article! Maybe AMMB has tons of this counter and is just waiting to unload?

But on the other hand there's some merit to the points raised about Benalec's potential. Not 2.48... maybe something like 1.50 is achievable...?

@gambler, you are right. So many people lining up to sell - how to go up much like this?? Scares the buyers away, including me. Was thinking about buying just now but I'm going to wait and see first.

AMMB puts the TP at 2.48. So high!?

I hope you're right. There's merit to being quiet - counters like this tend to go against the general market, in a good way. This is when they are accummulated by serious, long-term investors and won't be much affected by contra players pushing the price down. You'll need a lot of patience with this counter though because there won't be regular, announcements like with the oil & gas, and construction companies that create excitement and a spike in the prices.

It has been going up quietly since last week. Maybe a bit too quietly which is why the children have not been getting the attention... yet. But their premiums are getting lower all the time and traders will start to notice. They are just waiting to make sure that the mother will at least defend the gains. Then the children will become attractive.

I don't know what to make of iPower. Saw this in The Star today about its capital reduction, consolidation and bonus issue (ex-date 26 Sept. 2010):

* Share capital reduction by the cancellation of 0.09 from par of 0.10.
* Consolidation of 10 ordinary shares of 0.01 into one 0.10 share.
* Bonus issue on basis of 3-for-2 consolidated shares.

No mention of any rights issue.

Can anyone comment on whether the above makes iPower more attractive, and hence with the future for capital appreciation for the investor?

Taugeh, your reasoning in the AirAsia thread about UEM Land concerning the value of its land is right. That alone should have spurred me to buy it last Thursday. Another one of my many regrets.

talk2pkc - Decided to play safe and hedge. Didn't want the profits to slip away so I locked in some first by selling the -CW. Still have the mother (at 3.03, too small a profit so it's better to hold) and the poor man's -CT (0.01). The latter will require some momentum though to move half-a-sen. If there's A LOT of momentum, I'm going to be a very happy man. If not, will get rid of it at the same price and just lose the brokerage fees.

Looking forward to next week. I'm okay with it going up OR down significantly. Just don't go sideways. Up = will probably sell. Down = buy some more.

But I feel up is more likely. For one thing, many investors (institutions and individuals) who are holding AirAsia shares bought at the higher end might average down, if they had not already done so. There will also be those who were too scared to come in earlier, and regretting after seeing others gleefully making quick gains, might also jump in. But whatever, I feel 3.00 will be a strong support this time around (with the assumption that the big boys have done most of their selling).

I agree with what spinninglotus said about a longer timeframe - if one intends to hold until the end of this year, buying at the present price looks to be a reasonable move. The General Elections - AA isn't a political risk unlike counters like MRCB, UEM Land etc. The dampener will likely be the rising price of crude oil. Anyway, for the shorter term (to me that's within a few weeks' time), I'm predicting something in the range of 3.00-3.30.

Frank, I was surprised to see price drop like that... just because of this Malindo?! Some reaction was expected - maybe a 20 sen drop - but not of that severity. It's like Astro plunging just because some company SAYS it will also start a similar service.

I think a few other factors, all happening at the same time with the Malindo news, had fueled and magnified the fall. The Standard & Poor's warning about Malaysia's rating especially, plus some institutions reacting by unloading etc. If that's the case, then it stands to reason that once these variables no longer exist or not as strong, then the opposite will likely happen.

One thing good about this drama is that the fall offered those who fancy AA's chances but had reservations about buying at 3.50 the chance to be an investor at a discount. Even if the price were to come down in the near future, buyers will at least have the consolation in knowing that they didn't buy at a sucker's price.

The price of crude oil will be a problem. With QE3, the US dollar will most probably come down while oil will move the other direction. It will definitely affect AirAsia but it's something they have faced before. Most probably they would have hedged against this when West Texas Intermediate was at US$80 or so some weeks ago.

jayrc23, I feel it will take quite some time before it can go back to its previous level of around 3.50 after the slide from last week and this week's drama. There will have to be some impetus and I don't see any right now. In fact, the rise in crude oil (which seems to be ignored today) will be a dampener.

At the same time, I believe the slide is over... unless if some big institution planning to sell off (and didn't want to sell too cheaply) and is just waiting for a few more sen before they do so. All those who wanted to sell had most likely done so. One likely boost could come in institutions that might see the current price now as "reasonable" (compared to previously) and would take the opportunity to stock up. After all, they *have* to buy something and AA is a reasonable buy.

If one had gotten it close to 3.00 or, better below, it makes sense to hold. I think it could go to the 3.20-3.30 level but that might be it in the near term. So, at the 3.09 now... it doesn't look that attractive anymore...because there are other counters that promise more upside potential. Anyway, maybe it's better to see how it goes from Monday. There should be a clearer picture then.

I think can tutup kedai and look to next week for more action with the AirAsia counter. The price might go down a bit towards the end of the trading session because some people might not want to hold positions over the weekend.

It's been a very exciting week. Previous existing investors are definitely not happy with this week's development but for the rest of us, the massive selldown by some institutions had offered many traders and investors a fighting chance to make some money. Volatility - this is what traders want and they have gotten it with AA and FGV especially.

Agree with spinninglotus. Even if the price were to go down at the close or next week, the fact remains that those who now hold the shares have bought them at an extremely reasonable price, to say the least. It had been lower than 2.82 before, that's true. But since some months ago, the minimum that you can get it at was 3.20. Normally, it was easily above 3.30.

One can sell and lock in the easy profits now. But if you look at the longer term, regardless of how it will perform in the next few trading sessions, could anyone who hold on to this quality counter be regarded as a fool for doing so? With certain counters, it will pay to discard the trader's mentality and not be so easily swayed by the daily swings. I have no `sayang' for the -CW (a 1.5 sen gain percentage-wise is more than good enough) but the mother is another matter.

What has changed for AirAsia since yesterday morning at around 11 AM when it was at 2.82 or so to now with its price of 3.09 - a 20 sen or 10% difference? NOTHING positive. In fact, crude oil has gone up, which will mean higher costs for AA.

Or what exactly was it that had negatively affected its business so as to slide from 3.60? Just that Malindo thing which hasn't actually started operating yet. Which goes to show that investors' sentiment and perception count a lot more than the actual business operations. This is also another evidence that there isn't any "safe" or "rock solid" counters where you can invest in with the assurance that its price will always remain stable.

Yeah. Fortunately I didn't rush in to buy immediately. By the way, I'm thinking about the CB now. You are right in that it is more active - A LOT more than the sleepy CA. And that's very important for price volatility. With the later, I will likely have to pay and wait a bit.

Shine, you are right. Besides promoting their opinions here, the smart ones will also do well to listen to what other people think.