Posted by calvintaneng > 2015-09-06 22:37 | Report Abuse

You sold all and escaped?

You are the Smartest of All. No dummy at all.

All who stay on might go over the Niagara Falls this October

Posted by dummy_blackie > 2015-09-06 22:40 | Report Abuse

hi calvin... i have no earning but cover some of last year loses... :(

Posted by calvintaneng > 2015-09-06 22:47 | Report Abuse

The First Loss is the best loss. It is better to lose 10% or 20% than to lose 50% to 90% later in a market carnage.

In year 1997/98 during the Asian Financial Crisis my friend Mr. Gan told me to sell all my cars (I was a Car Dealer then) at losses of 10% to 20% and consider it "profit". Later at the peak of crisis Proton & Perodua cars alone lost 50%. For other brands a crash of up to 80%.

So for speculative 3rd liners there might be a crash of up to 90%.

Only thing that will avert the Financial Armageddon is QE4 till QE infinity

Posted by dummy_blackie > 2015-09-06 23:11 | Report Abuse

now we know what "cash is king" is...

Posted by ehteoh13 > 2015-09-06 23:38 | Report Abuse

Gd sharing,I am newbie here but too sad i burn some of my $$...should I cut lost especially AA counter.

Posted by JT Yeo > 2015-09-07 05:23 | Report Abuse

Ks55 if you don't see the current situation coming unfolded, how do you expect you going to see sept and oct will be the 2 hardest months?

Posted by dummy_blackie > 2015-09-07 11:10 | Report Abuse

JT Yeo, we should not ask whether the coming months will be hardest or not as we are not able to predict the market. however, what is really important is we can see and ask ourself why the FF is leaving MYS and why RM is so low comparing few years back... most of thats are seems to be threat to our market and holding more cash>share would be a wise choice... indeeds, we should always see this as an opportunity if yr preferred counter come to a level you think is cheap and acceptable to hold it for long... thanks

Posted by mario888 > 2015-09-07 16:21 | Report Abuse

market correction or crash comes suddenly if we are not carefully checking the trend and signals of the market. we had reached market high and the klci did not seem to go higher anymore. this can be taken as a warning, together with slowing world economy and other factors like oil, china, usa, russia, middle east and so on. china is very important and has a strong affect on every country. we want china to do well otherwise our market will not improve. from 1800 the index is now around 1580.

Posted by Dummy Blackie > 2015-09-07 17:41 | Report Abuse

+ if US FED decided to increase interest rate... then good luck all... trade carefully...