morning … Gamuda moved up 20cents and being the most active counter yesterday. Market still bearish … need to be cautious but if we pick the ‘right’ stocks at its low, we need to be patient to wait for it to appreciate. Counters like Resorts and Genting are everyone’s favourite. Many at is low too .. but as a saying goes, cheap can go cheaper!! That is what happened to SCOMI that i bought(at 0.985), and currently at 0.53. Do you consider it at trading at CHEAP level? Its NTA is 0.77(the latest AR 08) … and it is overly sold. Yeah right … if you thought it is cheap, wait till someone rape somebody and market will shake with it!
SODOMY? Haha … you may laugh your fat ass off but they are still playing that scene. Cant believe such immaturity of our MPs and VIPs. The concentration is never in development of our country — education, economy, infrastructure etc etc — but we are now drawn to front page of newspaper, looking forward to some sort of drama. Perhaps, someone will claim that someone in the opposition corner is sodomising/raping someone in somewhere … nope, we dont need proof … we have good actors/actress in our cabinet!! ARGHHHH … really pissing me OFF!
So, that is what happen to our stock-markets, it shakes according to the shakes of someone’s ass.
10.30am
I hv been reading many trading blogs recently and get to know three so-called expert-traders. Their full-time job is trading, reading charts and read news — etc etc. And being PAID for it. I m not … in fact, i m paying expensive lessons in experiencing the ride with KLSE. Zrrrooommmm … we are move down from the high of 1500 to 1100 in 6 months time. I dislike roller-coaster. Sigh.
Anyway, Gamuda is still gathering many interests and still the most active counter traded since the opening. Scomi is up and busy with many suitors too … i could only watch at the sideline and trying to understand the WHYs … hmm … when i read the EDGE on Sunday(spent 3 hours digesting many biz.news), i know VERY CLEARLY that Gamuda will be targetted(before that, i hv read a research report about GAMUDA — the call is BUY BUY BUY) … retail investors like me will depends mostly from news, reports or hear-say. It is kinda ‘risky’ if u dont know what you are reading/hearing, tho. Back to Gamuda … I dont know when the buying will stop — it moved up from 2.20 level to 2.70 level now. It doesnt need to make any sense trading in KLSE … we need more INSTINCTs(females hv this much more than male species), we need GUTS(males claiming they have more of this) and … a little of LUCK? Damn … i m for one a non-believer of LUCK(all is in your own hands blah blah) but someone ’smart’ told me the element of LUCK is also needed in trading!!
I would like to equate TRADING with my BOWLING!
Bowling : you may be playing for many years, not know any theories but still going for competitions. MANY of Sabah’s bowlers are in this category — once you spend many hours and $$$ playing endlessly, throwing the ball(tho u may NOT know WHY you get a strike or how you spare etc etc), you will get the hang of it and you will average 170(stagnant) and go into competition as once in a while, u might win something. This is being anolog to the traders(like me now) who trade(buy/sell) without knowing WHY you buy/sell … once you get the hang of it, from so-called experience, you will continue to trade(it can be addicted) as once in a while you win ’something’.
I categorised this bowler as novice and they will never go beyond their 170 level. Because i realised that 10yrs ago before i took up the game seriously, i make a commitment to LEARN the theories, use and practise it on the lanes and continue to LEARN from the better knowledgable bowlers. I hv graduated from the ‘novice’ level and proudly say that i could beat ANY novice anytime(at 90% confidence level) …
Now, i need to apply the similar strategies in my trading!! GET OUT OF BEING NORM! That is wat i m trying to do … at the moment i m strrugling as i m like in the trial-and-error period. I m confused most of the time … so, i need to find WHAT suits ME, my personality. For exmaple, i have played spinner before(with average of 180 but after two years?) … but i still opt for a simple straight( not beautiful to watch) ball which i could play consistently(even without much practice). That are strong basics with applications. If i could learn most of the theories available, diligently studying the concepts(and TRY to understand the pros-cons) … may be, one day I might be able to tell the difference. Maybe someday i could apply it successfully in my trading and will TEACH according to what i have achieved. Not many will agree …. but by going against the norm, i believe we could be ourselves. To heck with the mass.
TEH
