Looks like Genting already koyak; leaking non stop. I thought 6.20 was damn cheap

My monkey@money stuck so high up in the tree

If Uncle Lim still alive, this thing wont happen. Jr Lim can't stop the bleeding

This post has been edited by dsugums: May 23 2008, 11:39 AM

First thought the bottom is 6.20; then 6.15, 6.10, 6.05, 6.00, 5.95........ hope does not end up like Airasia

Not anytime soon. Sell que is overwhelming. I wont be surprise if it goes down some more. It is already trading at 52 weeks low now at RM6.00

Engtex Group Bhd (5056.KU) - Malaysia
1st quarter ended Mar. 31:
Figures are in Ringgit (MYR).



2008 2007


Revenue 191,581,000 123,881,000
Pretax Profit 15,219,000 4,053,000
Net Profit 11,558,000 2,672,000
Earnings Per Share 5.97 Sen 1.52 Sen
Dividend Omitted Omitted


Almost 500% increase in profit

This post has been edited by dsugums: May 23 2008, 05:58 PM

The reason being is that when Dow is red, the funds are invested in Malaysia instead

Quite a number of blue chips are at 52 weeks low. It is worst than 11 March meltdown price.

1) Genting

2) Maybank

2) TM/TMI

3) Airasia

4) Resorts

5)

I bet my old underwear that someone is going to dump big time to wipe out the 5.90 que. This has been happening from 6.20 price

The selling que is back again

I guess my bet on my old underwear is still on

IOICorp is pulling the whole of CI down

This post has been edited by dsugums: May 27 2008, 02:42 PM

The Star proof reading very bad. Last week they spelled Public Bank as Pubic Bank

My old underwear bet won

I contra trade oso lose money, short/mid term oso lose money

Total heavy lost. Capital reducing

Genting now in coma due to heavy bleeding.

I dont have anymore old underwear to bet on genting

This post has been edited by dsugums: May 28 2008, 11:18 AM

Brace for some more fire sale on genting, still no bottom. Buy to Sell ratio is 1:3 now, very scary

Might have a tech rebound to suck in all the suckers who will eventually will get suckered

All blue chips becomes red chips today.

I might enter whn Genting finds its bottom or its underwear (which seems lost for now; even my old underwear given not helpful). Meanwhile, I will try to exit the market until the political situation returns to normal. Daily my stakes are being eroded by few percentage points

On another note, planning to sell off all my stakes by this week to cut loss and re-enter when market is at rock bottom (lose some now and gain much later). Market turning really bearish at the moment. It is really alarming when blue chips are trading below their 52 weeks low and very eager to find lower low.

When FFM runs away helter-skelter, it is advisable to join in the stampede instead of getting stampeded.

This post has been edited by dsugums: May 28 2008, 06:32 PM

Dont be deceived by the low price. Nowadays KLSE uses Airasia slogan "Everyday low price" and "Everyone can fly (to Holland)"

True. Cannot judge the stock market across the board. Need to pick up some good stocks after I do some spring cleaning. But again, Malaysian stocks majority lacks integrity unlike the USA.

I think Tenaga (and other utilities stocks) is the best stock available at the moment, you cant live without them

My pick for good stocks as per Warren Buffet style

1) Tenaga (can't live without electricty)

2) Bernas (can't live without nasi lemak, nasi ayam and nasi kandar)

3) KPS/KHSB/Puncak (need water to drink, ignore this stocks if you drink telaga, river or septic tank water)

4) Petgas (unless you use kayu arang or kayu api can ignore this stock)

5) KTM: Kuda (Tanjong), Toto (BJtoto), Magnum (malaysians will die if dont punt; like us punting KLSE). Genting out of the list because need to climb bukit to punt, hassle.

6) PLUS (still need to use the toll roads since all federal roads converted into PLUS highway)

7) POS (still need to send letters unless you can train your own pigeons to deliver letters)

8)

Please do inflate the list if you find any other stocks that we can't live without.

(I omitted PBB because I can keep my cash under my pillow; I dont trust bankers)

---

Added on May 28, 2008, 10:22 pmI am using japanese candle stick pattern and chart pattern to punt/invest. At least can estimate the bottom/ peak and trendline of the stocks. Genting and TM still not yet bottom out and no reversal yet. Sometimes I feel that we can make more money punting PN17 stocks if can pick up at rock bottom price

This post has been edited by dsugums: May 28 2008, 10:28 PM