BAD SITUATION AT KLSE ON 5/6/08 AT MORNING

Bad situation at KLSE on 5/6/08 at morning

Composite index at KLSE hit low at 1216. It was break the strong support level of 1219. I am here to predict the market may come down more because of: -

a) The volumes of trading in the early shift still maintain at low.
b) The value of index link share still close at unreasonable value.
c) There is no panic selling.

Based on above, the technical rebound hard to present in the afternoon shift, Whoever buy must hold a high risk of lost.

I am still recommend buy for short period of investment

a) SAPIND
b) KNMCA
c) KNM-OR

And recommend sell

a) SCOMI
b) MAYBANK
c) IOI
d) SIME DARBY
e) TENAGA

Government imposed a new rule for oil and gas price. The impact actually brought by our newspaper. Last few days ago, they very hard working write about this topic. They also interview few rich people to claim our government not fair. Especially those who have own Singapore ’s vehicle. But they already enjoy the benefit about 20 years and they earn salary in Singapore and paid tax in Singapore. But all cheap things are support by ours. Finally, BN Government need them continue support in the election. Hence, imposed the above new system for whole Malaysia to bear the cost.

Thank You Mr Editor of Chinese paper. High living cost because of your are