Baloney slicing at Bursa!

So, the Dow continues to plague and world markets continue to plunge. What a con game!

So what does an intrepid investor do after positioning himself earlier on? Would it benefit to average down all the time? Perhaps if you are buying some solid counters like Resorts World or RCE. Other than that, what about Metronic which is behaving like a monkey on a low bough refusing to let go? Or even KHSB which may bounce up when the weatherman says all looks good? How about Genting, the behemoth and goliath which is being sold down the river? And Welli, the subterranean aquaman diving lower into the ocean trench each passing day. Is there hope?

The CI was sliced baloney-style by another 10.53 points. It is now standing at 1371.82. Good level. Gainers were trampled underfoot by urukai and orc losers 564 to 180. Volume was fair at 546 million shares valued at 713 million ringgits. The indicator-dwindling but holding fast to perhaps a dying bull posture.The gainers included BAT flying up a miserable 25 sen;Nestle foaming up 20 sen; Mahsing massing support to move up 13 sen and MPHB gliding up 12 sen. Losers,interestingly included DFZ which went up high ho yesterday only to drop 38 sen this morning. What a silly yoyo counter. KLK leached off 40 sen, SAAG slipped 30 sen and Bursa degraded itself 20 sen.

The portfolio went to Hades as well. Genting lost 10 sen to RM7.85;Welli sprung another leak and lost 2.5 sen to 81 sen; RCE slipped 1 sen to 90.5 sen while KHSB and BJ Sports Toto both lost 2 sen each to RM1.03 and RM4.84 accordingly. Metronic, in true orang-utan style moved down the branch by 0.5 sen to 17 sen. Resorts held steady at its overnight level of RM3.68.

This afternoon's performance is anybody guess.

The lady above has that knowing look. Perhaps we should ask her!

Heartsong