Currency drop

Recently, Malaysia note traded at low against USD. With the more funds out from Malaysia by sell force of foreigner. Equity market have to face some adjustment. The new IPO did not help buying interest and further assist cashflow in the market lose faster.

In order to maintained such level, everyone busy at media promote KLCE market. But the more effort bring more negative effects. Last 2 days, at shares firm I did recommended the new IPO. But the price rally stopped at 80cents. My own opinion told me, this share been cornered by a group. So that the new issue shares are limited.

The specific group use the small liquidation shares in the open market and tried hard push this shares gain about 50 to 60 cents per share. Is there any good rally on today. Yet to know. If there is a case, please chase it after it has break the level of 91.5 cents. DSCSOL (0152)

Currency note has been drop 3 days, please careful on strength of USD before put in more funds into equity market

A day without index

Yesterday we had a day without index. If you have holding a lot of future index contract. You may afraid and worry. Speculating has this problem because too many uncertainty.

Yesterday I was pick harvest_WA to play. But the result of it was disappointed. I am foresee AWC and Gpacket today have little small adjustment on it. Please ignore this stocks.

Jerneh -WA moves similar with previous 3A trend. Seems like non stop rally. As usual Malaysia market lose its direction again. KLCI follow other market to trade.

I am careful on USD and Japanese Yen trading trend. If anything unusual move, that is a signal of adjustment. Resources war carry on in world. So that Oil and Gold and others commodities always have some surprise and make the stocks move wildly. Either up or down heavily.

Hard to be

Hard to be a good man. Hard to be a good investor. Sometime you are planning to buy cheaper than people. So, you hope some lose and sell to it or maybe during heavy adjustment time you go in and buy. That is a time definite someone feel sad and sell to you.

The 2 difference things not in level. So, if you wants to be good man, you maybe feel to be a good investors. Is it the above theory correct?

No, as a speculators never hope people sell cheap to me. Because I am buying during the up rally . So that I am always be a good man. Buy high and sell high.

I have never wait those stocks face heavy adjustment time jump in and buy. I am waiting when the rally going to start only start buying. Tomorrow I have choose buying in Harvest _WA. Do you want to follow me jump in together????

2 Million

In Malaysia, statistic showed 2 Million people have been migrated to oversea. If they stay at here, hawker at daily can do extra 2 million people business. If they use mobile phone at RM1 per day, that company would registered extra 2 million dollar turnover per day. The effect is big and long term basic.

Now, Jerneh was changed hand. I think soon Mr KOK may announced his have been migrated too.So, the number one riches man title in Malaysia should changed hand. Maybe he had done it but Government Malaysia refuse to declared that. Otherwise the equity market will face bad effect.

There is a step, First was PPB, second was Sugar business, Third was Insurance. Forth is ?????????. Maybe shang or Maybulk???? Who knows? These is a bad signal and red alert to malaysia equity market. No one interested to own company registered at here. Number two was dislisting his business before. Now transfer out good prospect at India and Indonesia business and listed again. Is it cheating us again?

2 days Rally ( Over)????

After Dubai Financial problems been absorbed by market. There were a small rally again for KLCI as well as those penny stocks with good for day trading. I am here need to watched out again because that is technical playing and wont last long. So, if you were took profit on that. Please take a rest.

Dubai Financing problems will create some trap: -
a) USD agianst with Japan Yen shut up soon.
b) Petrol and gold price must have adjustment because speculator need to repay USD to cover the leverage.
c) Some deal in international lapse
d) No more incentive from government can help financial market.
e) More debts will created to cover the existing outstanding loans.

The above scenario anytime can happen and World Factory like India, China and Brazil economic will face bad impact. Finally they had to close some factories to slow down the supply.