Ganabilo. Ignore the mental sick Tom. A true empty tong, pong, pong, pong.

Reading through blogs of analysts, many having the same conclusion that current rebound will hit strong resistance at 1630, taking a pause in advance. do you agree with them?

Reading through blogs of analysts today, many agree that klci may have reach bottom due to government intervention. And highlight of today's strong performance is that PM has just launch special economic committee to handle economic issues. Do you agree klci has found it's bottom?

I did read a joke that flymoto received their rm2 billion funding from Najib donation. You see, Najib only spend rm600 million and additional rm2 billin invested in flymoto. Make sense?

Reading alot of reviews from other financial bloggers today. And what surprise me is that quite a number suggest recent dead cat bounce as a sign of imminent V shape rebound. Well, there are few type of rebound to begin with, there's the W shape which suggest a strong bottom, and there's the L shape that can confuse many into thinking it will drop further. What do you think?

Actually it is a good news that Tony want to retire in 2 years time. AirAsia need a new young blood to run it. Current CEO is actually quite good, in fact she was responsible cutting many unnecessary cost in AirAsia, Tony was getting more redundant buying F1 and football team that are wasting alot of money running around seeking fame at AirAsia cost. I take Tony retirement as positive.

Well said Rizerlee. So is AirAsia refusal to move to KKIA because AirAsia command 80% of the passenger traffic in Sabah? Or is such refusal is due to fear that AirAsia will lose out it's competitiveness? I enjoy reading you reply Rizerlee. It bring awareness to us here.

I agree with you apanama. I don't think we should be overconfident where the market should go. It may turn and make a strong rebound of 100 points? Many analysts are saying that the recent 270 points adjustment is too excessive. Given recent abolishment of subsidy and introduction of GST in April. In fact July export data suggested increase rather than decrease hence 3rd quarter gdp report may see above 5% compare to 4.9% and 5.6% on 1st and 2nd quarter.

I don't think M'sia Airport is jealous of AirAsia success rather AirAsia becoming a nagging party lately. If other budget airlines are not throwing or bullying their way, why is AirAsia doing so? Unless AirAsia is diverting from the fact that they are losing competitiveness and require more special treatment?

Jjchan yes it's true what you said. Hence AirAsia is lucky due to special treatment given so far. But how long? I apologize for sounding pessimistic about AirAsia

Thanks for your view, Rizerlee. However lately AirAsia engage in too much politic instead of sorting it's issue not only at home but abroad. Take KLIA2 for instance, no other budget airlines are complaining as much as AirAsia. In fact recent refusal of AirAsia to relocate it's operation to KKIA in Sabah shows how imcompetant AirAsia compare to other budget airlines who already operate there. I read few years back where AirAsia was agreeable to such move before. If you look at AirAsia financial itself after operating for more than 15 years, it's financial is getting worst. Thanks to gmt research for making it public, i doubt AirAsia will be able to survive for long.

Thank you alphajack. Same goes to you.

Now, i rather call recent 270 points drop as adjustment of all internal and external factors that we experience as indeed excessive compounded by sentiment and irrational perceptions. I do have doubt that it will go beyond 1500 unless new factor contribute to such. As of now, all factors already known and at best did their worst. Do you agree?

I do have some trading to share as well. I bought FLBMKCLI-HK 4 weeks ago and sold it today. I made 120K which is quite small actually. My reason for selling it as it made into top most volume. My assessment is that we have reach a point of fear in the market. Do you think my assesment is correct?

Well, thanks for sharing alphajack. Same goes to all of you who share your thoughts.

Please your thought without making personal attacks. You need to show your thoughts not your emotion.

Let's look at internal factors contributing for downtrend
1. Foreign funds : What made foreign funds flow out? Is it because of interest hike in US that US dollars are flowing back to their home country? Or is it something to do with bad governance in Malaysia?
2. 1mdb : Is it so serious that no solution in sight? Or is the solution or solutions already taken place. Arul did make announcement that 1mdb debts should be clear before year end. Is it pure lip service or concrete plans already on the way.
3. Political uncertainty : What can we do about it? Or rather what can our politicians do about it? Is it the duty of our representative to find solution rather that worsening a rather soluable situation? In fact foreign political analysts deducted that Malaysia has all the solutions but is there political will to do so?
4. Donation scandal : Is the rm2.6 billion came from 1mdb? If not, then should not there be parliment sitting and commission to find out why such big political donation was made? Or is this actually common practice by both side of political divide? Or should a law be implemented to ensure all political donation to be made public.

Well, for the above, looks like internal factors are not that severe if actions are taken by affected parties. Or rather, the severity of situation are due to overaction of all parties?

Well, let's look at the facts first.
1. Klci start a medium term downtrend in May when Ci was at 1860
2. Currently in mid August, Ci is at 1590
3. Internal factors for downtrend are foreign funds outflow, 1mdb, political uncertainty, donation scandal, etc
4. External factors for downtrend are interest rate hike, strong us dollar, devaluation of Yuan, etc.

Now, we can see that within 4 months, klci lost 270 points. Don't you think that such lost is too excessive? Going back to 2012, we did experience similar downtrend only to rebound for the next 2 years hitting new high of 1890.

Please share you opinion, do you think for short term, klci will rebound to regain excessive panic sell?

Many analsyts are giving a sell call for AirAsia. Most agree that Tony Fernandes can only survive in Malaysia. Without special treatment extended to AirAsia, other asian budget airlines can take dominant role as Lion Air is asia most efficient budget airliner.

Many analysts commented that Tony Fernandes no longer command influence in competative aviation. AirAsia is losing ground to Malindo or Lion Air, Tiger Air and Cebu Pasific. Do you agree? In fact other budget airlines can competatively compete where as AirAsia still need assistance from government. Do you agree?

Have you learn anything for the past 2 weeks? Was the extreme fall of ringgit and klci took toll?

Well, it's certainly like klci will slowly rebound by next week.

Well, according to Ramesh, our local expert, klci will rebound strongly once 1600 is breach. Do you agree?

no opinion? So you guys not sure if experts saying that klci has bottom not true?

Hi all. Interesting enough, only yesterday we experience strong rebound only to see gains wipe out today. So what most experience traders and analysts predicted were true, that yesterday was only a dead cat bounce.
As i go through blogs and blogs of financial experts, i gather that they are talking about a bottom soon. Majority opt that bottom is near and negative news will not push klci further down.
So what say you? Is the bottom near?

Hi. What an interest day today. As I go through blogs and blogs of experience traders and analysts, I can't help to ponder how all of them agree that today is just a dead cat bounce. And all of they agree that once Zeti announce positive 2nd quarter gdp late today, and tomorrow will be sell on news. All of them suggest to sell latest tomorrow afternoon as more and more retail punters comes in. What do you think? It the market sustainable?