A Hundred Million Smiles....

An international ovation for the late Sudirman when he sang in London. He sang A Hundred Million Smiles. He made Malaysians proud. We would love to bask in that spirit once more. We would love to have that joy of winning.

Will bursa be a winner just like the late Sudirman? Of course, it can. It must keep its head high. It must show fortitude and self willingness to move ahead regardless of what the skunky Yankees do with their sub-prime or those sake drinking Japs do with their boring yen carrying fiasco.

Anyway, the Dow put on 100 points. The issue is the bulls won hands down all day in New York apart from some brief intervals of calculated retreat.

How do you think Bursa will react? Hang Seng will go up and so will Nikkei today. We must do so as well.

So fellow readers-watch the market and see whether fund managers flock in to buy or are we going to be left high and dry again.........

Heartsong

The Bear Clobbers the Bull Again

We have prayed for the market to come home. We have seek mercy from God. Now we wait.

A friend told me to watch the market from 4 pm to 5 pm because this last hour can see mass buying or chunky dumping. It all depends of the fund managers as they read the market signals amidst the noise that they are hearing.

The sub-prime mortgage is one never-ending story. Now the additional noise is about the yen carrying trade. Perhaps that's what the stock market is all about. Be able to pick winners and timing entry and exit for profits amidst all the jangling and jarring "noises" in the marketplace.

The morning trading was a complete washout. I believe blue chips were sold off by some funds. This abated in the afternoon. Trading was dull and listless. No strong buying. Mostly attrition buying. Prices are falling off.

My shadow portfolio suffered. I will do the analysis after the 5 pm close.

Market closed at 1333.28, losing 6.2 points. Losers whacked gainers 655 to 292. Volume of shares done was 1.46 billion valued at 2.1 billion ringgits.

My portfolio when market day ended.

Genting added 5 sen to RM 7.90
Resorts added 4 sen to RM 4.08
JAKS added 2.5 sen to 93.5 sen
Metronic lost a sen to 20.5 sen
RCE lost 2 sen to 93 sen
Welli lost 4 sen to RM 1.12
BJ Toto lost 6 sen to RM 4.84

Market is consolidating and if Wall Street is generous tonight, it should advance tomorrow.

Heartsong

Give us Grace, Give us Mercy

After today morning's further slaughter, only one thing left for us to do. Pray.

Pray for grace from the Lord and pray for mercy.

Appease him with prayers so that the red tide will turn green with promise in the afternoon trading session.

Temper our greed. When the opportunity to sell arrive, do not be greedy, let go of your stocks with a song in your heart and a smile on your face.

Otherwise, you kena like this morning..

Those who rushed in where angels fear to tread all got slaughtered. After that, the market held steady and then some funds sold down index stocks. Market then got into a tailspin and the whole market fell like a house of cards.

Small investors need protection. The gentle kind. Like the picture above, the tiny squirrel loves the TLC from good ole giraffe.

Heartsong

SONG SUNG BLUE

Neil Diamond 1970's hit song encapsulate the spirit of this morning opening. Yes, it tried to run in the morning rush but by 9.20 most counters started sliding down. It must consolidate before it can move up. The double dip on Friday and Tuesday was catastrophic, to say the least. I think many punters lost their trousers and are licking their wounds. They would not be in the market at least for sometime until they develop Dutch courage again.

So, today will be a true blue day. Only fundamentalist driven players will be browsing the counters and picking as they come across some new nugget of re-rated stock.

At 10 am, index was 10 points up at 1349. Losers trailed gainers 99 to 575. Volume was 308 million shares worth 1.43 billion ringgits. Gainers were DIGI, up 60 sen, RHBCap moving up by 40 sen and Commerce and Bursa tacking on 20 sen each. Losers included Etitech which lost RM1.56 and BAT which gave up a ringgit. DFZ lost 29 sen and Tanjong; dropped 30 sen.

Now, looking at the shadow portfolio, we see tired stocks. No stamina. Ran up the hill but now resting a few shades higher. Popular JAKS got out of the box and headed for the hills touching 98.5 sen. Like Aesop's hare, it then snoozed comfortably at 94.5 sen. There were some huge blocks (1000-3000 lots) buying at the 96-97 sen band. Should move up once consolidation completes.

Genting added 15 sen to RM8.00 and Resorts was at RM4.14. BJ Toto added 6 sen to RM5.00 while RCE moved up 2 sen to 97 sen. Welli up 2 sen as well. Metronic tacked on half a sen to 22 sen

All shares trade off best at this hour.

Let us see how they will fare at the 11.00 witching hour.

Heartsong

Are the Bulls Back or Is it All Bullshit?

Talk about the local market and you get sick in your stomach. For one thing, this dang stock trading are interlinked because of cross national trading. Some risk taking provider could not get what it lent out and the world almost topples on its head. Myopic but true.

So Wall Street has got back all it lost on Monday. Will Bursa get back beyond 1370? Let today unfold to show whether we are a bull or a jellyfish.

Rush Hour 3 just opened up in US. Chris Tucker is making it big with his gargantuan mouth. In about twenty short minutes Bursa will open. Rush Hour 4 will start and stampede for about maximum 20 minutes and then market will find its new level. Unless the bulls really are back and willing to toss the prices up all day. Expect the CI counters to be blown way by Khazanah, EPF and all those Mat Rempit funds.

The jury is out on this one until 5 pm. We await the verdict.

Heartsong

This One's for the Bears!

Mark it down in your diary. By far the worse trading day of 2007. Even Moses would find it difficult to pass through this Red Sea with the bears in hot pursuit.

Global Economics-that is the name of the game. One screw up in the Great USA and the world gets influenza. They have fun and we get AIDS. And so it is with Bursa KL. When will this sub-prime problem come to an end? Is it going to be a perennial issue and we have to dance the cha cha to its troughs and dips? Bursa hardly got back on its feeble feet from Friday's blitzkrieg and yesterday it performed but platonically without joy. Today it is again taken to the slaughterhouse to be lynched. Silence of the Lambs. But why-lah, pray tell ?

The Composite Index got a drubbing of its life, losing at one time 44 points. Little comfort though, when it ended down 34.22 points to 1339.49. Cigarette manufacturer, BAT had a good smoke finishing well ahead by 77 sen. Remotely heard Timwell took on 32 sen and MISC sailed up with 25 sen. Elsewhere PetronasGas burnt bright adding 20 sen. As forecasted, Tanjong also rode in with a 20 sen gain. Losers-take your choice-lah... DIGI phoned in with a 60 sen loss and RHBCap wrote-off 50 sen. Elsewhere SPSetia deconstructed 50 sen and so did SAAG.

Potholia is now the nomenclature for stocks held in my purview. Sucks big time, most of them. Let us tengok-tengok and jeling-jeling them.

Resorts World takes the gold medal, losing 12 sen.
Genting took the silver medal with a loss of 10 sen.
The third place bronze medal was won hands down by Jumping Jaks Flash,losing 9 sen.
First consolation prizes were presented to Welli, RCE and BJ Toto, all hilang 8 sen.
Losing one sen was Metronic-Global at 21.5 sen. The bulwark was broken again to 21 sen. We will have to give you a participation certificate sahaja-lah since you did not finished too badly;only a small bruise on your little finger.......

Cry,baby,cry. Will you cry again tomorrow and the day after that?

Is it the beginning of bear season spooked by the sub-prime mortgage monster?

Have we come full circle since the meltdown of 2007 as we see the West mired in its own financial Sodom and Gomorrah? Must we pay big time for their follies?

Quezas,quezas, quezas.........

Heartsong

Monkey Business As Usual

The sub-prime mortgage is taking centre stage again. Some funds are giving way to liquidation. Concerns are that other funds might do likewise. This has caused the silly guru index Dow to lose 150 points. Looks like its bear mating season now and the monkeys have taken over Wall Street.

So you still wanna play stocks with the monkeys and bears. Think twice. Cash is king.

If this sub-prime keeps popping its head up every so often, best not to play even intermediate term.

Best mode: pun, make some pocket money and flee until the sub-prime pops up again. Play this game. A few select counters will do.

Today, Bursa went weak in the knee and dropped its pants; lost 8 points. Trading mood; mostly over cautious. Like angels, they fear to tread lest their wings get clipped.

I believe the market is in an undecided mode and mood. Look at stocks that are consolidating, glanced at their trading profile for the day before taking a position.

Portfolio stocks analyses.

JAKS, along with KPS and KHSB is trending upwards. It means there is still hunger pangs out there and sufficient pent-up interest left to move this counter up. Observe it carefully as there are collection blocks above 1500 lots to one block of 2800 lots. This is no small game. These buyers know the calculated risks. Generally alot of retail trade about 50 lots and below. Firming up quite well to add 2 sen to good volume.

Genting is better by 5 sen. Nothing to shout about.

The others are off their overnight by a shade or two. Going down slowly is Resorts, perhaps treasury buying rather than supporting.

Heartsong