Finally ... something interesting to write about. I am having 'holiday' till end of year ... no more hectic schedule for past month, so free to monitor markets ... listening to some talks and trade. Time for me to reply some e-mail ... and organise my plans for next year.

KLCI down sharply today by 12 points ... and it is NOT a surprise move ... well, I have highlighted to my group last week about the weaknesses seen and I have written here(or was it at www.tratles.net ?) that KLCI is to correct(coming down la).

I taken two short-FKLI positions at 1812 and 1802 ... missed the 1822 that I wanted. I covered my short at 1788 too early, but will hold on to my short/pants.

HSI down by 400plus points ... CNOOC is below HKD15 again, it was lucky that I sold it at HKD16. HSI(PER 8-ish) is so much cheaper than KLCI(PER 15-ish) ... so, I do see some buying opportunities there, while in KLSE ... there is trading opportunities as KLCI diving now ... great!! Get busy.

IPOs : New IPOs doing well ... we have 'Caring' shooting 50% above its IPO ... some condom company, Karex, shooting for the moon ... full erection and today showing some signs of bursting ... some newly names counter Barakah being grabbed by so-called punters/gamblers. Haha ... the scene is amazing ... Westport shot up day one too sharp but came down. Waterfront postponed ... dont know when they are listing Malakoff. UMW-OG is doing good ...

Waterfalls : There are many in the making ... great and it has been some time I list out the waterfalls. Do go for short term technical rebound. If you want to learn, join my group. Catching a knife? ouch.



Alam is forming one of nice waterfall here ... will you catch? Ask ... why is it dropping so sharply? Check if the forums are noisy saying die-die or cursing about their losses ... blaming on everyone else, then it is time to consider.

Speculative counters : Many stocks goreng up and down ... if there is someone asking you to buy Sumatec or even talk about it, you know that this is called gambling. What chart showing it up or down? Don't be mis-lead by those so-called sifus ... keep AWAY from these counters. Use common sense ... if one still consider market is a casino to gamble, in long run ... one will fail to recover.

The most actively counter today is Ethiopia ... I thought it is a country in Africa? Oh ... it is Utopia ... my bad. Some so-called chart analysis will claim that the buy signals for this counter shown last month when it was trading at 6cents and they bought in millions ... today is 8.5cents, and the chart saying that it will goreng to 10cents, resistance? haha ... that is how some technical-chartists will tell you, and we believe that?

Trading good fundamental counters is only LOGICAL. But, market comprises of so many type of traders ... scalpers, day-traders .. contra-players ... and most of the time, it is excitement that we are looking for. Ultimately, it is investors who gain the most ... using simple strategy of buy-hold of undervalued companies ... buying in stages and patiently wait for it to be discovered.

When market crashing down, at least these counters giving us opportunities to buy more ... and wait for market to recover. Do nothing ... play golf, play pc-games ... haha ...

Logic is NOT in markets. Otherwise, we could never explain why 80% of those in markets are STILL losing money or lost-quit markets. I am glad to know that majority of them in my group(tratles and stock-watch) are the top 20% of those in KLSE. The main thing is to maintain that winning streaks.

Do know when markets going to correct before it dives ... do diversify and use logic to buy good counters. Avoid those speculative-counters. Never be greedy .. use common-sense which is NOT common in markets(majority losers there?) ... blah-blah ...

Hope for another long black-candle to form tmr ... and many in forums will yell die-die-die ... time to go shopping again. And the cycle continues  ...

good luck

TEH