Enjoyed your postings. Please keep at it. Yes, high percentage of players from ordinary walks of life are in KLSE. Virtually everyone I know. Virtually everyone are still holding from high buys and hoping prices to go up 4-10X to recoup. Looks tough. KLSE being dragged down by Indonesia. Most of the world do not know there is a big economic difference between Indonesia and Malaysia. Drive through KL and you'll be awed -- compares well with any well developed west coast city of N. America. Do you think it represents over-building and expenditure? I know it is no facade. Malaysia has much greater export abilities than Indonesia, Phillippines, Thailand, even Singapore - rubber, tin, petroleum, oil palm, technical skills, etc. I too, however, am caught in the downdraft -- and to some extent, am in self denial like for rest of Asia. I must play the trend. The KLSE trend is down to slightly stable now. Do you agree? My complaint has always been the high degree of money "leakage" from the system. Even in trading, the trading cost is almost 2-1/2% round-trip. Take a pot of money. With 10 round-trip trades, you're down 25%. It's not easy to make 25% -- and you're even at that!
You mentioned Sime Darby. Seattle paper here says Boeing has formed J-V with Sime Darby and another Co. to build airplane parts for final assembly in the States. Maybe that is trivial news. I watch Maybank and it is up 50 cents shortly after today's open. What do you think of Maybank? LucyL of M'sia sent me an email saying that TA shows Maybank first support at 11:40 on downside, then 10:50. Now it is about 12:20. Can play? |
