Market start with a bang in September

Nice rally from the DJ on the first day of the month.  Even Citigroup (C) goes back to above 3.80.  The same goes for many other stocks in DJ.  Apple (AAPL) has been rising steadily in anticipation of a new product launch and finally it was announced yesterday, an improved Apple TV box-set.

As for KLSE, nice gain on the index but majority turned lower on the first day.  However, we see some reversal and nice gains on quite a number of counters in KLSE.  JCY registered an almost 20% gain after dropping from 1.7x to just 0.90.  Mudajaya didn't join the rally unfortunately.

Will the rally continues tonight ? Let's find out together.

DJ weakening, at 10,000 mark

After 1 day rally, DJ is back to bearish.  Once again, it is touching the psychological 10,000 mark towards the end of the trading day.  Citigroup (C) too is back to below 3.70.  Time to accumulate more capital and invest.

As for KLSE,  Maxis just announced a 1 billion net profit and giving 8 sen dividend.  The surprise is the sales of over 44,000 lots at the very end of trading day, pushing the price down by 7cents.   Wonder what's at play here.

Kfima too announced a 5cents dividend.  The stock price remain steady at around 1.16 - 1.20. A nice share to hold for long term.  I am still holding my Kfima and has been for over a year now.

Finally, Happy Holiday to all Malaysians !

Good opportunity to be part of Citigroup (C) shareholders

DJIA fell below 10,000 points briefly in the early trading day and ended with a small positive gain.  Even though the DJ managed to close green, the market is still very bearish.

Citigroup (C) closed at 3.68, which is a pretty good entry price.  My entry price was 3.82 and I'm holding it tight.  I have full confidence in C that I will make some pretty nice gain within a year.  Bear in mind, I'm not alone in this.  Many fund managers are also buying into C in huge volume.  If these billion-dollar investor are not worried, why should I ?

Bought Citigroup (C) - 19 Aug 2010

Finally, the long awaited Citigroup (C) fell to my target buying price, 3.82.  It ended 3.79 though, but one must have a target or else one will never be able to buy anything.  I've been targeting C for quite some time now but was forced to continually raise my target price in order to match my buying queue.  Nevertheless, I'm still happy that I finally own C !

KLSE remained very stubborn in terms of index.  Most foreign stock exchange were experiencing correction but not KLSE.  However, even though the KLCI is up quite a bit for the week, many counters do not share the same direction.  Could this be a window dressing for the upcoming Hari Raya festivals ?

DJ down by a whopping 265 points

Wow, DJ plunged 265 points last night.  Many financial stocks fell between 3% to 5%.  Looks like a good opportunity to do some hunting tonight.  Same goes for KLSE.  Finally I might be able to pick up something today.

DJ down but manage to recover from its low

Last night drop at the opening bell of DJ signals a cautious market towards the economic outlook.  Nevertheless, DJ manage a pretty good recovery from its dip in the early hours.

There are several counters that i'm eyeing and hoping it reaches my target entry price.  I will blog it up when i make a position on those companies.

KLSE didn't do so well in the morning.  However, the current trend seems to be pointing at Red chips, China shoemaker companies.  Xinquan had a very nice stock price increased.  Now seems to be Multi Sports (MSPORTS) turn.  It gained some 10% from it's opening price yesterday and another 10% from today's opening price as at the end of morning session.  The question is do you dare to gamble on it ?