I Can Hear it Ringing...Hands-freeLike the masai above, we hear the ringing. Bear-trap...bear-trap.....bear-trap....
False signals? Red herrings?
The way the market is going signals one thing. We are going into limbo mood.
When all the world markets dropped and recovered well; every time Bursar was the last to recover. Bursar is not the market of choice. I believe they think it is a banana republic bourse! And the way it is going, it may be true. Perception=Truth.
Just look at today. How did we fare when Dow is up? We go down. When Dow goes down; we go down. When Dow goes sideways, we go down. Consistency extraordinaire! Stupid Bursar!
The CI went down 1.92 points to 1284.02. Selling of blue chips took place but most recovered by day's end. Gainers were swamped by losers 570 to 242. Volume has shrunk to 819 million shares worth RM1.3 billion. The gainers were yesterday's losers. Classic random walk model in action. MISC clinched a 50 sen gain, TaAnn tacked on 40 sen. FRB put on 24 sen while Shell upped 20 sen. Losers were Lion Div losing 40 sen;Metrod dropping 30 sen; Muhibbah slipping 30 sen and Genting going down 25 sen.
The portfolio reflects the general market weakness.
BJ Sports Toto did good today pulling off with a gain of 12 sen to RM5.00. Unchanged were Welli at 95 sen and Metronic at 16.5 sen. Losing a sen each were RCE at 85.5 sen and AMDB at 39 sen. Resorts World slided 2 sen to RM3.80 while JAKS lost 4.5 sen to 83 sen. KHSB got a fierce thumping; losing 6 sen to 93 sen-a much oversold stock when its running mate and mother-ship KPS only lost 2 sen. Will likely move up tomorrow. Genting lost plenty-a drop of 25 sen on second round foreign fund selling. It closed at RM7.60.
We are likely moving into a bear phase.
Heartsong
Just look at today. How did we fare when Dow is up? We go down. When Dow goes down; we go down. When Dow goes sideways, we go down. Consistency extraordinaire! Stupid Bursar!
The CI went down 1.92 points to 1284.02. Selling of blue chips took place but most recovered by day's end. Gainers were swamped by losers 570 to 242. Volume has shrunk to 819 million shares worth RM1.3 billion. The gainers were yesterday's losers. Classic random walk model in action. MISC clinched a 50 sen gain, TaAnn tacked on 40 sen. FRB put on 24 sen while Shell upped 20 sen. Losers were Lion Div losing 40 sen;Metrod dropping 30 sen; Muhibbah slipping 30 sen and Genting going down 25 sen.
The portfolio reflects the general market weakness.
BJ Sports Toto did good today pulling off with a gain of 12 sen to RM5.00. Unchanged were Welli at 95 sen and Metronic at 16.5 sen. Losing a sen each were RCE at 85.5 sen and AMDB at 39 sen. Resorts World slided 2 sen to RM3.80 while JAKS lost 4.5 sen to 83 sen. KHSB got a fierce thumping; losing 6 sen to 93 sen-a much oversold stock when its running mate and mother-ship KPS only lost 2 sen. Will likely move up tomorrow. Genting lost plenty-a drop of 25 sen on second round foreign fund selling. It closed at RM7.60.
We are likely moving into a bear phase.
Heartsong
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