Nice Tatoo

Last few weeks, I accompany my friend to talk to a unit trust personnel at a local bank after she found out that my friend's account has been idling for some time and wanted to recommend new unit trusts to invest in.

The agent was a very young and pretty girl, heck all her fellow colleagues have considerable beauty.

I saw the name card and I was shock: Wow..manager at such a young age!

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Yesterday around 5.1 Billion shares being traded in KLCI spurred by penny stocks and the KLCI closed positive +~10 points. I guess it was because DJIA was closing like ~163 points the night before. Hence, the ultra bullishness.

Asiapac itself almost hit 940,884 lot!! (1 lot = 100 shares). However, stocks like IDEAL, IJACOBS (coincidentally both stocks have the word 'IDEAL' in the company name) took a waterfall beating in the afternoon session. Previously, I also notice a fast moving stock called SEAL taking a similar dropdown knee jerk.

IDEAL

IJACOBS

Wow. The high volume is really a bad sign of the pending selldown that happened today. 

Today, the 3 hottest rocket moving former penny stocks took a nose dive. The news is that certain investment brokerage decided to limit their margin account facilities line on the big players causing them to quickly dump the stocks to recover some money to avoid margin call squeezes.

Then came all the selldown across the board as fear spreads towards penny stocks that had a good run for a few weeks before. Nevertheless, it is like a joke that KLCI managed to edged upwards +6 with ~700 with losses today.

They are SUMATEC, PDZ, MARCO.

Sumatec leads the fall with its share price slid 24% to 46 sen at 4pm on 567.3 million shares changing hands. PDZ, which is rumoured with the emergence of new shareholder, fell nearly 15% to 32 sen with 402.2 million traded. Marco Holdings, which is linked to tycoon Tan Sri Robert Tan Hua Choon, was down 10% to 21 sen.

SUMATEC

PDZ

MARCO

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Property Monopoly

Recently I got a letter in my mailbox. The letter describe how should I price my property if one day i decided to sell it. Honestly, I was very surprised (somehow delighted) that according to the letter, the anonymous people ask a valuer to value my property. It is almost 100% of my purchase price!

Nevertheless, i think the letter delivered to me and my other property neighbors has the following intention:

He/She does not want us to sell down our property below a certain threshold hence spoiling the overall market.

Market is on a bull run even though the KLCI chart is still a downtrend. Penny stocks and any stocks is moving upwards like a rocket!! There is a lot of FREE seminars organized by investment banks, so much that I was invited and will go to 2 different seminar on market outlook this coming weekend. 

Nothing much to do , so go and listen :) P.S Throughout my investing life, I think i been to every single hotel ballroom in the state. Lol...

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Interesting infographic on how to become Happy.

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The chart above has NOT reflect the -27 point fall on 8 Aug. 

KLCI drops -27 point (solid black candle) and the bullish trend upwards since Feb 2014 has been broken. It has now turn bearish. It is the first solid drop for 2014. On 17 July, it was starting to turn bearish because it broke the simple 20-day moving average. 

4 major global issues are in play and getting worst day by day.

A) Gaza vs Israel (Escalating tension as ceasefire is broken. Looks like going to be a long conflict)

B) Ukraine vs Russia (Rebels seeking Ukraine entry back into Russia. Sanction imposed on Russia by the US and vice-versa)

C) Irag & Syria Vs ISIS insurgency (Unrest, up to the point that US ordered military strikes to save its citizen, whatever that means)

D) Ebola virus infections is spreading & getting worst with high mortality rates

Locally, political issues regarding the Menteri Besar Selangor post is getting hot as the current Menteri Besar, Tan Sri Khalid Ibrahim just got fired from the PKR party due for his refusal to step down as MB. Remember Selangor is one of the richest state in Malaysia beside Penang, so alot of things are at stake here politically.

Nevertheless, the politicians can bicker all they want but it is every Malaysian dream and hope that the rakyat can be well taken care of. :)

Too many global issues with unpredictable results, expect rocky stock market during August & September.

Now I am 50% in cash, as I took profit 2/5 stocks before the 8 Aug drop a few days earlier. (As I feel that the market was particularly weak. Maybe I am lucky? or I just sold off too early. Only time will tell.)

P.S And I think with the refreshing and welcoming heavy rain during these few days, the El Nino effect may not be as bad as one might expect. So the bullishness on palm oil related stocks should cool down also.

Nevertheless, I don't have any palm oil related stocks in my portfolio.

I bet there will be a lot of people screaming buy buy buy as DJIA manage d to go up +185 point last Friday even with the global crisis developing to the worst case possible.

My friend is still bullish while I am still pessimistic and expect more draw-down to happen. If there is chance to lock my profit, I will do it in the coming 2 months. Time to take a break also. 

1776 will be the critical support region for KLCI.

Happy Hunting :) 

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Guardians of the Galaxy

Just saw the Marvel movie: Guardians of the Galaxy where the story about the main hero (Peter Quill) being kidnapped by E.T (Extra-Terrestrial beings) from earth and raised as a intergalactic bounty hunter. It makes you wonder on the existence of U.F.O. which is a well discussed topic.

Some UFO information below:

Knowledge is power, and the truth about UFO encounters has remained under wraps for nearly 70 years, perhaps longer. Under any circumstances, the time has come for government agencies to declassify UFO-related materials so the public can come to terms with the full scope of the issue and consider the implications. Some countries have already begun to declassify some case files, but so far the United States has not adopted a policy of full UFO disclosure. The question remains why this subject would remain so heavily classified for so long if there was not something to it, as many have claimed.

Even though some former and current public officials have openly discussed support of the UFO disclosure movement, the official policy still remains that there are no signs of E.T. visits or a UFO cover-up. This is a clear case of official policy contradicting the evidence, and comes across as a direct lie to anyone that has done extensive research on UFOs. Would the government of a country really directly lie to its citizens? (See: Snowden, NSA Scandal).

Read the rest of the story at World UFOs: http://worldufos.com/2014/07/ufo-disclosure-matters/

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