Posted by CLS1975 > 2015-08-07 09:56 | Report Abuse

rmkfac100812, told you people not to support already, let it free falling, no point to risk your $$$ for get a small gain. let it drop until bottom, then baru sapu.

Posted by richkid > 2015-08-07 10:10 | Report Abuse

Early morning already 647 counters down...worst than yesterday. No point pouring money into Bursa now. It has becomes a Sahara Desert. Your money will vanish like the water you pour into the sands in Sahara. It is so dry it is sucking all the money inside it like a black hole...just be careful...let everything finish...then only go in. Safer this way...now you go in...sellers will start selling because Cash is king. Nobody wants to be the last holding the shares...when it keeps dropping...they need to past the baton to another fool...
Yesterday I was sitting at the television set....watching the news....and when it announced ringgit at a 17 years low ....and the Bursa dropping 30 points....wow...was I glad I sold off everything....phew!!!!!

Just when I am typing the counters down already increased to 659!

Posted by weyaw > 2015-08-07 10:22 | Report Abuse

now counter down 675

Posted by CLS1975 > 2015-08-07 10:25 | Report Abuse

BE CAREFUL WITH ANOTHER TRAP!!!

Posted by richkid > 2015-08-07 11:09 | Report Abuse

Ringgit 17 years low. Stock market 690 counters down. Political unstable. World market weak. Oil price lowest. After buying Scanwolf you will keep thinking...will it go down??? You will have sleepless night. So it is safer to sell first and get a good night sleep. If you buy now, I guarantee you will not stop looking at the screen...worrying it will drop further.

Posted by weyaw > 2015-08-07 11:29 | Report Abuse

Seems every one panic selling of stock. Down counter 715, be ready with cash to collect cheap stuff.

Posted by mh87 > 2015-08-07 11:32 | Report Abuse

Many counters in oversold and undervalue stage now.. Good counter will return to fly..

Posted by CLS1975 > 2015-08-07 11:36 | Report Abuse

NOT YET, NOT TO THE BOTTOM YET.

Posted by weyaw > 2015-08-07 11:39 | Report Abuse

Dunno SCNWOLF will go to 0.28 or not =.="

Posted by CLS1975 > 2015-08-07 11:39 | Report Abuse

unless NXXXb bring back those donation fund back and dump it here.

Posted by CLS1975 > 2015-08-07 11:44 | Report Abuse

from the past few years historical chart, the lowest it can go is about RM0.30

Posted by weyaw > 2015-08-07 12:20 | Report Abuse

Foreign investors pull over RM11b from M’sia
International investors are selling Malaysian stocks at the quickest pace in Asia as Prime Minister Najib Abdul Razak struggles to contain a political scandal and doubts grow over the outlook for the economy.

Foreign funds have pulled a net RM11.7 billion of the nation’s shares this year as the benchmark FTSE Bursa Malaysia KLCI Index retreated 4.1 percent. The ringgit has slumped to its lowest level since 1998 after tumbling 11 percent against the dollar, the biggest decline among Asian currencies.

Overseas money managers are paring holdings amid concern the crisis will distract Najib as a commodities rout and the prospect of higher US interest rates threaten economic growth. The prime minister is fighting off a scandal linked to 1MDB, a debt-ridden state investment company. A probe into about RM2.6 billion that was deposited into Najib’s personal accounts found that the funds were legal donations from the Middle East.

“Already shaky trust of foreign investors is being eroded,” said Mixo Das, a strategist at Nomura Holdings Inc in Singapore. “Further outflows are possible.”

Net foreign sales in Malaysian stocks this year are almost double the RM6.9 billion for the whole of 2014, exchange data show. Overseas investors have been net sellers for 14 straight weeks through the week ended July 31, the longest selloff since 2008, according to MIDF Amanah Investment Bank Bhd.

Rising volatility

The KLCI has slumped 9.3 percent from its April 21 high, including a 1.8 percent decline yesterday that was the biggest this year. The gauge lost 0.5 percent at 9.13am in Kuala Lumpur on Friday. The ringgit dropped 0.1 percent, taking its weekly decline to 2.4 percent. That would be the biggest slump in eight months.

Volatility is increasing, with a gauge of 30-day price swings rising to its highest level in six months. The stock measure trades at 15.2 times projected 12-month earnings, or about 10 percent higher than the MSCI South-East Asia Index.

The Wall Street Journal reported on July 3 that US$700 million (RM2.6 billion) may have moved through government agencies and state- linked companies to accounts bearing Najib’s name. The premier has denied taking money for personal gain and has described the furor as part of a campaign to remove him from office.

The Malaysian Anti-Corruption Commission said it won’t disclose the identities of the donors to Najib and plans to question him to seek an explanation on the funds.

Stability threatened

For Aberdeen Asset Management Sdn’s Gerald Ambrose, the political crisis means Malaysia risks losing its status as a safe haven in the region.

The ruling National Front coalition has dominated power since the country gained independence in 1957. Neighboring Thailand is under military rule after a coup, while in Indonesia, President Joko Widodo is struggling to push through policies following the closest election in more than a decade.

“Long-term political stability has long been one of Malaysia’s trump cards, but it’s not so easy to say that nowadays,” said Ambrose, who oversees about US$3.6 billion as managing director of Aberdeen Asset Management in Kuala Lumpur. “Uncertainties surrounding 1MDB and the quite public political spat has clearly not helped foreign investors’ sentiment towards the country.”

Najib chairs the advisory board of 1MDB and has resisted urgings from ex-premier Mahathir Mohamad to quit over the fund’s performance as it amassed about RM42 billion of debt in less than five years. Najib on July 28 sacked his deputy prime minister Muhyiddin Yassin, who had urged answers on the 1MDB imbroglio including its investment decisions.

Buying opportunities

Franklin Templeton Investment is sticking with its investments in the nation’s stocks.

“We actually stayed in and we will continue to stay in,” Mark Mobius, chairperson of the emerging markets group at Franklin Templeton Investment, said by phone from Singapore. “We are still finding opportunities in that market and particularly when there are concerns there, you can see some possibilities.”

Foreign outflows may accelerate if the political scandal prevents the government from tackling the issues affecting the economy, says Alan Richardson, a Hong Kong-based money manager at Samsung Asset Management, which oversees about US$112 billion.

Malaysia’s foreign-exchange reserves have dropped to the lowest level since the 2008 global credit crunch, reducing ammunition to shore up the currency. A plunge in Brent crude is cutting revenue for Asia’s only major net oil exporter, while the Federal Reserve is mulling its first increase since 2006 as soon as next month.

Earnings impact

The government forecasts the economy will expand 4.5 to 5.5 percent this year, down from its earlier projection of as much as 6 percent. Earnings at companies on the KLCI are projected to grow 11 percent in the next 12 months, data compiled by Bloomberg show. That compares with a 41 percent gain

Posted by tamarindo > 2015-08-07 12:28 | Report Abuse

Itu orang tak tau malu! Orang tak mau, dia masih gila kuasa!

Posted by weyaw > 2015-08-07 12:39 | Report Abuse

News grab from bloomberg, sigh. struggle to defend his mighty power then make all the rakyat suffer. I think if he resign KLSE will boost right away. kakaka

Posted by mh87 > 2015-08-07 16:11 | Report Abuse

Someone is accumulating.. Maybe trap maybe good support

Posted by richkid > 2015-08-07 16:34 | Report Abuse

You want to sleep nicely? Wait...be patient...don't go in and get trapped. Cash is king now. Foreigners are selling big time. Everyone is losing confidence. Cash is limited. Bullets are limited. Don't simply shoot and die in the battle field. Leave some for monday...might be another black monday. No harm to wait.

Posted by richkid > 2015-08-07 16:36 | Report Abuse

At least sat and sun can have a good night sleep. Monday come just relax and watch the show. If buy today, monday drop or gap down...mati....cannot recover. So at least now can be free...breathe easy and not worried... 781 counters down...index another 12 points down...ringgit??? 3.92 ...

Posted by richkid > 2015-08-07 16:39 | Report Abuse

Hold tight your cash...hands are always itchy...then trapped... If go up monday can buy but I doubt it as the political, ringgit and oil price is still problematic. As long as these factors are still there, the stock market will be down.

Posted by popcorn > 2015-08-07 16:40 | Report Abuse

what a down day~
what I can see just a red sea with some green floating coconut~

Posted by crybaby000 > 2015-08-07 16:51 | Report Abuse

richkid, in the long run, can this counter become great again? maybe 1.00 and above like before?

Posted by CLS1975 > 2015-08-07 17:02 | Report Abuse

richkid, good advices.

Posted by rmkfac100812 > 2015-08-07 17:02 | Report Abuse

TQ 4 grt comments Sifu Richkid..

Posted by tamarindo > 2015-08-10 09:09 | Report Abuse

sad to see all counters down... i also feel down :(

Posted by richkid > 2015-08-10 09:49 | Report Abuse

Black monday. Already 540 counters down...not even 10 a.m.

Posted by CLS1975 > 2015-08-10 09:53 | Report Abuse

this counter can go below RM0.31 if market continue to drop.

Posted by richkid > 2015-08-10 09:56 | Report Abuse

If I were you....without holding anything is the best...everything on fire now...you dare to jump inside the fire??? Everyone is waiting to get out...Cash is king now...who want to hold stocks now??? The longer you hold the more it drop...look at IFCA ...those chasing 89 sen last time left with 81 sen now...but still got people chasing ...thinking it will rebound...I think it will go down below 78 sen...because the market is worst than last time...with the ringgit dropping so low...that has never happen before...I mean only happen during the financial crisis last time with George Soros...now...the history repeats...everyone is worried...even my shuttlecocks...I was told next month will increase $5 per carton due to the currency exchange rate....last time GST problem the price increase $5...now ringgit drop another increase...$5...my shuttlecocks increase $10 per carton...wow badminton it is an expensive game now :(

Posted by richkid > 2015-08-10 10:03 | Report Abuse

BAT, Nestle, F&N, TOPGLOV, TM, MPI all the big names ..blue chips...down...meaning big boys are selling. Bursa is dropping more than 20 points...and still counting. I don't think I dare to play...I will hide underneath the coconut shell...for the time being...I don't have any spare bullets to fight.

Posted by CLS1975 > 2015-08-10 10:07 | Report Abuse

luckily i sold all my share everything 2 weeks ago, difference between profit turn to loss if i sell now is about RM43K. :D

Posted by richkid > 2015-08-10 10:15 | Report Abuse

Black monday. Already 540 counters down...not even 10 a.m.

See...??? counters coming down keep increasing ...you know it is a down trend..

Black monday. Already 610 counters down...not even 10:30 a.m.

Posted by richkid > 2015-08-10 10:42 | Report Abuse

Bad news everywhere...who is daring to pick up the stocks now?? I prefer cash...stocks can be worthless in time of need. We all need cash now. Hold tight now. Stocks can go lower and lower.

http://www.thestar.com.my/Business/Business-News/2015/08/10/Ringgit-near-17year-low-as-Malaysia-FX-reserves-fall-below-$100-bln/?style=biz

http://www.thestar.com.my/Business/Business-News/2015/08/10/KLCI-skids-nearly-17-points-on-China-worries/?style=biz

Posted by CLS1975 > 2015-08-10 11:02 | Report Abuse

728 counter down!!!

Posted by weyaw > 2015-08-10 11:06 | Report Abuse

741 down now

Posted by CLS1975 > 2015-08-10 11:49 | Report Abuse

really bad now, no chance to turn green anymore.

Posted by richkid > 2015-08-10 11:52 | Report Abuse

Be happy tif you are without any stock holding....if you are holding worry that it will drop more tomorrow...

Posted by CLS1975 > 2015-08-10 11:55 | Report Abuse

richkid, we r in same boat now. freeee

Posted by richkid > 2015-08-10 12:05 | Report Abuse

Yes, we just monitor...the ringgit is the most important factor here...if it drop further below $4...we will be in for a free fall...the whole bursa...not just scanwolf. Just don't go in yet.

Posted by weyaw > 2015-08-10 12:06 | Report Abuse

No place to hold our money value. If hold a lot of RM also useless since we dunno when is the bottom drop of RM. Zzzzz. Another wave of inflation coming, and i think what hit next might be our banking sector.

Posted by richkid > 2015-08-10 12:07 | Report Abuse

Look at IFCA forum...the stock free fall...dropping below 78 sen which is the critical support. By looking at other stocks...you will feel the pain...those buying at 1.50 and 1.80...now crying..

Posted by richkid > 2015-08-10 12:08 | Report Abuse

Hold $$ Cash is better than stock now...at least your cash stay...but the stock value keeps dropping...red sea in bursa...go to Bursa gallery and look at the RED screen ...it is frightening...trust me.

Posted by Chan Wil Liam > 2015-08-10 12:19 | Report Abuse

i prefer stay inside the red sea until bottom line since the money is extra for investment..
believe everything got good and bad...just a matter of time.i m willing to hold tight for long terms until the market shoot up again!

Posted by richkid > 2015-08-10 12:19 | Report Abuse

868 counters with red color...only 65 counters green...imagine you walk inside the gallery and sit there....with people .....heads low...some crying....lost their life savings...lost 100K, some 150K... some borrowed from ah long, some pawn their car...some lost their son's education fund... Bursa is no longer a good place to put your hard earn money.

Posted by richkid > 2015-08-10 12:24 | Report Abuse

Yes, of course william...just keep it if you got extra cash. But for people like us we prefer to sell and wait for a lower price before entering...For example your $80 can be worth $40 later. We prefer to buy your $80 for $40 later and profit $40 instead of holding and letting the price go lower. You know what I mean? Rather than let it drift lower and lower...like our friend who sold earlier was laughing he saved 43K compare to if he didn't sell...

Posted by Chan Wil Liam > 2015-08-10 12:36 | Report Abuse

yes, understanding Richkid...for me if cut loss awaiting dun know when is the best time buy in then prefer stay inside awaiting rebound! if it rebound fast and furious atleast i m on the boat already....that my thinking..thanks!

Posted by richkid > 2015-08-10 12:46 | Report Abuse

No worries...different people different tactics...i hope you well too. No worries. Just opinion. No right no wrong. Each one of us got our own risk appetite. As long as your money is not borrowed from someone else and you can keep long term no worries.

Posted by CLS1975 > 2015-08-10 12:53 | Report Abuse

I'm paid for the tuition fee 17years ago, don't wait to pay again this time.

Posted by Mohd Fadli Mohd Shariff > 2015-08-10 15:08 | Report Abuse

if you buy for long term >2 month, its time to buy. real sectors of Malaysia still positive, the only problems currently is confident due to political instability, USD strengthening and RM weakening. if you buy now, you might enjoy better TP in 2@3 months time. we now are parts of domino effect as we retract our portfolio together with big boys especially foreign investors. fundamentally, economy still strong and intact. but as usual, stock have others variable called sentiment and speculation which is out of anybody controls.

the time people run from market, is the good time to enter (not for T3 players :))

Posted by mh87 > 2015-08-10 16:10 | Report Abuse

Some counters are bouncing back from the lowest after 3pm.. Look like big players are accumulating.. Good to see tomorrow show..

Posted by peter123 > 2015-08-10 16:42 | Report Abuse

Cross the fingers and pray for it

Posted by cksam > 2015-08-10 22:30 | Report Abuse

Time to collect Scnwolf. Almost reaching the 32.5c support. KLSE is almost bottom. I give it max 2 more days down. If we are lucky we should see a rebound by tomorrow afternoon. Buy when others fear as you guys always said. Why suddenly sell when others sell? Follow the herd?

Posted by TengkuFaisal > 2015-08-10 22:32 | Report Abuse

dreaming. pump and dump and game over already, operator already run fast fast.