What's the status.......?

Are we seeing a correction today?, certainly yes, from my perspective. Lack of news and direction forces investors to dump shares and lock in profits from recent run up. Well, from the data it seems both retailers and institutional investors are equally caught in the run up from ringgit standpoint.

Anyway, its better for the CI to take a break and build a new base before heading to the next level....

100-250% gain since end of last year is too much to keep as paper value and really its nothing to be surprised of that the CI retreated... traders need a break too.... well, get your profit and go for a vacation locally(keep your cash in the local market.. :))....+ there's H1N1 risks to board a plane...

so sit back reposition your portfolio and reidentify your targets for next phase of bull run.

Note:

Whether its bull or bear it all goes back to investor themselves that is their believe in the market value. It doesn't matter what you (as an individual) believe, its what the majority of the people out there believe that matters.... afterall, we just wanted to be on the right side at the right time.

SAAG

One of my favourite...SAAG remains relatively attractive given its price and business nature....

cheap and remains a good buy for a return of at least 12% from my forecast in the next 9 months....

Another property stock I have to mention here is E&O since I personally owns this stock for a while now...and a couple of my friends are questioning why I don't talk about it..... well, we just can't have it all.... however, since they wants some comments, here goes....

I believe this stock is set to rise again to challenge its recent high of RM0.93 in a short run .... this is pure from trading standpoint the chart trend remains well supported at RM0.75 ... so I am of the opinion, the stock will challenge the RM1 mark in a quarter or two.... while some may think its conflict of interest for me to comment on E&O, and I normally don't comment on counters that I just bought.... because I have been accumulating E&O for a while now, that's why I don't wanna talk about it.

Anyway, feel free to comment.... afterall, you get to see it for yourself whether the claims I made here are true or not....

IJMLAND....

Well, its been a while since I blogged about anything due to the self declared holiday to complete a personal project in life..... Thank God its completed....Anyway, many of us is well aware of the recent run up of KLCI from 850 all the way to 1028... and some people I know told me that they made some during this recovery but the next question will be what the impending market will look like and what stock should be traded to get the high value return?... As a typical trader, I can say there are many stocks to dump your money in... but the best counter to me is still the property counter especially the one who has the highest exposure to the northerm region mainly Penang island.... mainly because of the 2nd bridge potential and the purchasing power of the people in the state.

There are a few names to mention. SP Setia, IJMland, Mah Sing. From the info I have, I find IJMLand as the best bet for the highest return in the next coming 1 year. A few reason though, strategic project plan, quality product, exceptional brand image, proven track record and most of all, stock price is affordable and the number of floating shares are limited not until IJM Corp trim their holding further to below 65%.

Recent rally in the market has caused the stock price to double its value taking yesterday's closing price as end price and I believe while this stock has more potential and will make it to the RM2 ringgit mark in a year time.... as we see the market consolidate, its time for traders to catch a cheap entry price.... for those who has higher risk appetite, IJMLand-WA is a much better tool for trading.... long this stock and reap a big gain in the future....

Malaysian government a laughing stock yet again!

Well, those who follow the news of this bolehland must be shaking their heads and for investors wannabe I believe this is a clear signal for them to take a step back and think of somewhere else more stable than this country.

First, BN is taking the support of 3 independent candidates or "frogs" to toppple the Pakatan Rakyat government even though knowing clearly that 2 of the frogs are currently being investigated for corruption which involves bribes and accepting sexual favours from prostitutes for a land project amounting to RM180mil.

Questions is...

1) Why would the 2 cross over to support BN? What objective? What benefit and etc...

The answer is money, money and money... anything else is fucking bullshit.

2) Would the cross over to BN gives the people of Perak state a better development and welfare compared to Pakatan? (Remember the people voted for Pakatan to be the government)

3) How could 2 elected candidates went for election as a candidate of party A and then after that jump to another party to form another government??... yet the BN politicans in this country calls this democracy and is inline with the constitution?? Hypothetically speaking... if you buy a can of longan and when you reach home, you noticed the can of longan just turn into a can of lychee? What the fuck!?...

If BN wants to deny using money to induce these so call people representatives to turn into frog and cross over to support them, they are just being silly...

While the people of Perak states are violated of their rights.... BN stand to lose even more for...

These are the negative side...

1) People now believe that the Perak govenment is bought over by dumping people's tax money to these 3 representatives to buy them over.

2) The people of Malaysia will have a stronger confirmation that corruption exist to the very top of this country's leadership..... its a no brainer

3) The next election to come, BN is very likely be defeated.

4) At current economic situation, instead of doing what's necessary to help the people of this country, the leaders in the government are wasting resources and time for personal gain at the people's expense.

I pay huge tax for every ringgit of what I make in this country you bastards!!!!....

May God strikes those involved in stealing the people's right, tax money and those who earn's haram income for neglecting their job as elected leaders, since we pay them large amount of money to run the country to HELL!!!.... May God's fury come down upon these bastards real soon.

Let us all pray....

What say you?...

US stock market future heads for a dive tonight as the bail out plan for GM and Chrysler was halted by US senate.Main reason to the failure of the US14bil bailout was rather perculiar from my perspective... why so??Simple, the unionized autoworkers (UAW) are unwilling to accept a reduction in wages starting from next year but prefer to do it somewhere in 2011.This is how it works....People who are desperate for help don't have much right to negotiate the rule to be honest...This is the people's tax money we're talking about and these people are still living in the state of denial by believeing that they are too big to fail...

Now answer this,
1) Is Lehman Brothers not big?
2) Did AIG take the loan even though the Fed set a ridiculously high interest rates on the bail out loan?

The answer is yes,... and frankly... without the big 3, the japanese car makers are still there.If the UAW still insists on not having any paycut, I tell you, GM and Chrysler will have to get the bail out money from somewhere or just opt for bankruptcy and liquidate their company and get out of the business cause these people just don't evolve.... the management and the employees are like dinosaours living in today's world... they cannot accept the fact that they are no longer indisposable....
My advise, as long as the pay cut is not ridiculously huge to the extend that it affects the people's ability to survive and sustain the economy (which is the ultimate factor for the economy to recover) i say just take the deal and move on...having a smaller income is better than losing your job at this difficult time.... be realistic!