Gong Xi Fa Cai

Gong Xi Fa Cai to everybody.

The Bull and the Bear are still fighting out there to decide which way to go.


After the 4% Black candle drop, Dow reversed to a 3.5% white candle up, followed by one Spinning Top with long lower shadow on Thursday and a Doji with long lower shadow on Friday. Volumes for the last six sessions were on the high side indicating rampant selling that were well absorbed. But buyers were not chasing the stocks, they merely taking their own sweet time to accumulate their targeted stocks. If one has plenty of money, why not? This is once in a life time opportunity.

AIG drops from US$72 to US$1.30 (98%)
Citi Group from US$55 to US$3 (94%)
Microsoft from US$37 to US$17 (54%)
Yahoo from US$32 to US$9 (71%)
Morgan Stanley from US$89 to US$10 (88%)
And many more and all these are big fellows in the main stream of economy.
And they remind me of some of the KLSE Finance stocks back in 1998 when thing was at its worst:
Commerce Asset Rm 0.85
Public Bank Rm 0.81
Maybank Rm 3.00
Hong Leong Bank Rm 1.04
And Some can never recover
MBFH Rm 0.12
MBF Cap Rm 0.29
TA Rm 0.49
Idris Rm 0.22

The main question before investing is " will they follow Lehman Brothers ? ", " how high can they go in the next bull run?". Must really do some research and dig for information to find the jewel.