KLSE no more juice.. but look at Nikkei and Hang Seng..

Did those 'leng lui' promoters also give you free stuff after the purchase?

In Thailand, at a recent investors conference once and they do have really really nice promoters.
Some said the promoters give "free massage" after the sale.

Certainly looks like strong resistance at 0.90. Maybe it can break through when all the sellers are exhausted.

BTW, DJ, NAS and S&P500 closed up again today. The bulls have taken up another notch.
But the rate of ascend certainly has slowed down. As expected, the pullback in the morning was filled by sideliners.

IMO, this market definitely big time overbought. I'm not adding any new position at this time.
Just waiting to see how big this bubble can continue to inflate.



This post has been edited by danmooncake: Aug 5 2009, 05:20 AM

I've taken some off the table for now.

The market it is definitely ripe to short but also dangerous too because of the mad bulls gap filler keep piling up.

The reality will sink in later, perhaps next month or so when people realised those "less bad" earnings
are not sustainable. All we need is just one bad news, that should push those bulls over the cliff.
Panic selling or capitulation will set in.

Actually, local bourses are more complicated that US stocks.

US got more choices. If you are bullish investors.. simply buy one of the Index Funds and keep for
long time.. sure winner when the economy recovers.

BAC is a sure buy from here, it can go to $20+ next year. There's a LYN member who bought BAC at $11-$12.
He's laughing to the bank now.



This post has been edited by danmooncake: Aug 5 2009, 11:08 PM

AIG skyrocketed because the shorts are being squeezed badly. The shorts have cover
before the earnings, and it may go higher if there is any "less bad" earnings.

CSCO, the tech bellweather will report later.
All red army may retreat in preparation for this run up.

Oil price creep up again.. eventhough the fundalmentals are so bad.
Another huge inventory build. Sooner or later, people are going to drown in oil.

This post has been edited by danmooncake: Aug 6 2009, 02:57 AM

Opps!! CSCO beats estimates even in tough times but guidance isn't clear.
CSCO shares tank after hours.

Even CNBC reporters are turning bearish.

Are the bulls running out of steam? Are we turning around?

It will be interesting to see how Asia and Euro market react later.

This post has been edited by danmooncake: Aug 6 2009, 05:57 AM

This number is actually bad.

One wonders what exactly "Jobless Recovery" means.

---

Added on August 6, 2009, 10:10 pmMonkey see, Monkey do?



This post has been edited by danmooncake: Aug 6 2009, 10:10 PM

I tell you.. correction definitely coming..this market is fake.
The bears are building base, anyone thinking recession is over is dead wrong.

A lot of MM manipulating the system with autotrading and creating wave mentality.
Fundamentally, the economy is very weak.

People are buying into prices that are 6-8 months out where the earnings aren't here yet.

Example, US and Shanghai stock market price is a growing bubble now and now just waiting for that one piece
of bad news to cause it to roll over, the rest will follow.

Retire by 35?

Is that a typo? Do you mean 55?

Frankly speaking even at 55, I find that still young.
People tend to live longer now. Life expectancy can each up to 80 now.
After 55, plan to live on retirement income for another 25 years.

Therefore, investing in equities should be the way to go.

Remember, our value of money diminishes over time.
RM100K today is only about worth RM40K 20 years from now.

40??

Goodness.. What do you plan to do between 40 and 80?

IMO, one cannot just live off trading when you're retire at around 40-50 when you have no monthly income nor even EPF supplements. You cannot predict the market any money in the market, one must be willing to lose it all.

Worse still, if you are still supporting your family.. your kids education will double what your parents had paid for yours.

When you're in retirement age, this is the time when you actually needs to BACK OFF from trading stocks and pull majority of your assets into safer investments like fixed income deposits, bonds, gold, etc..

Trade or Invest in stocks now.. not when you're much older.
Continue to work till max age to get full retirement package or pension (if you're govt servant) like 55-60.


Oh well. who cares anyway, right?.. The world economy is going to collapse in two years anyway.

This post has been edited by danmooncake: Aug 7 2009, 12:46 AM

I'm with you on that.

Already loaded up my second order of gold and silver coins.
Building my bunker now - outfitting with outside solar panels, water collection barrel and filter and
my little garden.

I am preparing for the worst. Speaking of ammo, I gotta get my Winchester back from my bro.
That SOB took it for hunting trip in Thailand and still hasn't return it yet.

Tonight, NYSE all red, as expected, the energy sector are overbought.

Already pullback 2%. Natural gas oversupply.
Waiting for a bit pullback before exiting my short.

IMO, crude should go down.. $70+ is tipping point.
Some bulls still think this market is good. We need more bull traps here.

It seems so..

I'm waiting for Gold and Silver price to pull back to load up more but
damn.. those precious metals are getting more expensive everyday.

Hoarders are preparing for the big inflation.

LOL! How to diversify away from the USD?
The Russians, Chinese, Japanese, etc.. all don't trust each other currency.

I tell you what, the US govt already got them all hooked, the green backs IS the currency period.
Let' 'em continue to buy those Treasuries. Uncle Sam is happy to print more.

I'll converting mine to gold and silver.

This post has been edited by danmooncake: Aug 7 2009, 07:47 AM

That's odd. My battalion of Red Army still hasn't reach KLSE yet..

I better give General Bear a call. He must come and take out all these green shoots.
These people are just too happy. This cannot happen on my watch.

This post has been edited by danmooncake: Aug 7 2009, 10:44 AM

Nah... just wait. He's just took over ST, SSE, Nikkei.

He's coming to KLSE soon.. better take cover soon.
Bombs are going to drop.