Digi: Nibblers Abound

Looking for a new support price

Prices started off this morning by tacking on 6 sen to RM3.60. It is now sitting on the RM3.66-RM3.67 price axis.

Market is good today with the composite going beyond 20 points.

Scouring the price volume axis, there seems to be only small retail buyers. No big hits.

Let us keep our fingers crossed that this is the new support level.

Afternoon trading was comandeered by bargain hunters which brought down Digi to close at RM3.60 for the day.

Anyway, RM3.60 is one good support level before the counter can move up more convincingly.

The toast of Gossip Girl

Jovial

Spontaneity

Sexy

Allure

Come Hither look

Mystifying

As Serena

Charming

If you follow Gossip Girl on tv,you would notice that Blake Lively is the heroine of the series.

As Serena, she pulls together all the subplots; episode after episode.

Ever vivacious and vibrant, she and Leighton Meester (as the scheming Blaire Waldorf) holds the series together.

I think Gossip Girl fills the vacuum after Sex and the City went off the air.

Here are some pictures of this lovely and magnetic lass.

Appreciate.

Vivacious

Adorable

Diana-the last and gory sight of a failed Princess

I think they have just declassified this photo.

This is an after death photo of Princess Diana in the mangled Mercedes.

Sudden Departure

Another Great find of an actress

Mysterious

Alluring Find

Looks like Gossip Girl has unearthed yet another exciting new starlet in Taylor Momsen.

She looks great and has appeared bitchily naughty. Let us watch this teen grow as she is still only 18 years of age.

How far will she go?

Lovely Lass

New Cutie Pie

Bad Hair Day?

At 16

Pensive

Digi- Ready for a Rebound?

Any chance of a Rebound?

Digi looks okay this morning. With a minimal 3 ticks up the composite, this counter has recovered the loss it took yesterday plus a sen extra to its bosom.

The trend is upwards though a cap is beginning to form at the RM3.55 level.

Though there appears to be more sellers, buyers are still standing firm at RM3.54 sen.

Has Digi found its support trough?

If the afternoon trading performance is the barometer,then selling has as yet not abated.

Digi closed up four sen to RM3.52.

So, let us look to Thursday whether pixie dust will fell on Digi to make it rise.

Migrant Workers in Malaysia

We must admit it.

Malaysia will never be the same.

A Bangladeshi worker

 We did not have this phenomenon before and then the government liberalised foreign workers.

Filipino maids

So, they came,first as maids.

We started sourcing maids at first from the Philippines. Not much of a problem. Generally well-trained and well-behaved. Getting expensive, though.

Indonesian workers

Then came the Indonesian maids. Not all bad though some did give them a bad name, running away from employers and bringing in the notorious 'thrown away babe' phenomenon. Also getting expensive.

Cambodian maids

Then we went to Cambodia to source maids. 'Not very good' were the general comments from ex-employers. I do not know whether these comments are fair.

Nepalese Guards

 I do not know about Indian and Sri Lankan maids, though I have heard they have also come to Malaysian shores.


As for male migrant workers, we have our neighbouring Indonesians here, both legal and illegal. Hard-working and quick to learn, they had their social problems- fights and crimes.

Then came the handsome Bangladeshi boys; making our Muslim girls to swoon and many affairs and marriages may have occured, much to the chagrin or behest of Muslim parents.

Next, we have the Vietnamese-blending very well into the Malaysian demographics. The Myanmarese came next. They are seen in almost any coffee-shop in the Klang Valley. Go to any timsum shop and they are the new chefs!

I have been told that there are something like 4 million migrant workers in Malaysia-both legal and legal.

So, what next? Would they be a permanent feature?

Well, the changing scenario will  see less Indonesian male workers coming to Malaysia as wages are getting better in the home country. Vietnamese workers are not returning too because of the rapid economic development back home as well.

As Myanmar opens up to the world and allow democracy to seep in albeit slowly, even Myanmarese may not come in droves as they do now.

What I can see will be more Bangladeshis as Malaysia need replacement for the 'missing' Indonesians and Vietnamese in the plantations, labour intensive industries and the construction industry.

As for the Nepalese, they will still be here as there is little economic development in Nepal except for tourism which cannot absorb the current population demand for jobs. Go to any resort hotels-they are there smiling at you!

In ending, be prepared to listen to foreign tongues as the migrant workers noisily throng the alleys, byways and supermarkets of the nation especially on public holidays!

Dunking Digi

Dunking or Collecting?

Well, as Shakespeare put it,"Fair is foul; and foul is fair". This was the uneasy feelings Macbeth and Banquo experienced war-weary, back from battle.

Similarly, Digi underwent this phase in today's trading. While the whole market went up 22 points in mid-morning trading, it stayed loose tacking on a mere 6 sen. Afternoon trading was foul indeed when it fell to close at RM3.48 for a 6 sen loss.

The only consolation is much of the shares were traded from RM3.57 to RM3.61. Volumes peaked at 12 noon and at 2.30 in the afternoon.

There were plenty of bargain hunters at the end.

Buoyant Bangkok!

SS Swan

Cling wrapped cars!

Stairway Shoppers

Waterloo!

Hot Dog in Bottles

Cat Wonder

Child Einsteins

To Drink like Neptune

Motorbike hangars

Look at these pictures!

By golly, Miss Molly, the Thais are really practising their science of buoyancy in downtown Bangkok.

And apart from that, they have also displayed their fine art of living through treacherous waters.

Believe!

Basin Armada

UMNO- Just My Initial Thoughts

UMNO AGM 2011

UMNO will have their AGM beginning this Tuesday, 29 November,a day after a restful Awal Muharram holiday.

This will be the penultimate UMNO meeting before GE13. I do not know whether there are any party elections at this juncture since all is 'quiet on the UMNO front'.

Today's message from the PM in the Bernama news release, talks about an all-out war- a war they will take to the 'enemy'. We all know they refer to anyone with grandiose plans to take their place and that of Barisan Nasional, ipso facto, in Putrajaya. This posturing is akin to Sun Tzu's art of war-a battle cry...........

I will not talk about the 'enemy' in question.

I think UMNO should look at the issues confronting itself. Introspection will do it good if it can harness the tools and strategies  to ensure that UMNO operates like an undefeatable juggernaut.

Time is definitely not on UMNO's side.I believe the postponement of its AGM  for 18 months to perhaps have the GE has somewhat not worked out and this goes for most of the Barisan Nasional parties which also postponed their AGMs along with UMNO.Will it also be to their detriment especially for MCA, Gerakan and MIC? Thankfully, at least SUPP in Sarawak is having it out this year.

It is common knowledge that in-fighting continues as UMNO division leaders jockey for their political master's favour. Some of them are well beyond their political shelf-lives, clinging to government posts as if there is little tomorrow if they should be shown the door. In a couple of states, dissension among leaders are well-known particularly in Trengganu and Perlis.I believe all is not well  in other states too. All these problems have nothing to do with the might of the enemies in the shadows. Enemies in  the 'selimut' are more dangerous as their blows from behind will be most fatal. Beware the Ides of November!

Najib Razak seems to be his own man and possibly alone; as his Cabinet do not seems to be singing in harmony with him. Scandalous fall-outs like the National Feedlot Corporation and losses in MAS as well as the alternative media stories will be harmful especially as it may affect the voting pattern of new voters who are impressionable and may be swayed by demagogue talk, however, unlikely they may be in truth.

The Peaceful Assembly Act,2011 and the amendments to the Employment Act,2011 is fanning public indignation as well as worker's angst. In spite of the reprieve to 2020,the language issue to teach Science and Mathematics in English has not abated and is still smouldering and could be used against the ruling party as yet.

The mood is just not right for a general election even if it is held in April,2012. Maybe Najib should stay his full term until better times.

The economy will unlikely be good as Europe, USA and now China cut back on Malaysian exports. We would be lucky to have 4% growth rate next year.

So, these are my initial thoughts.

Let us hear out what the UMNO convention will bring forth as PM and DPM have clearly put out cautionary advice that racial sentiments should be avoided in the speeches of its members who take to the floor.

Red Sea Digi

Red Sea Digi

As the composite index continue to fell engendered by good old Wall Street fears and the Eurozone woes, most stocks excepting the situation stocks went to the byways. Digi was not spared as sellers came out in hordes from the woodwork to parlay their wares bringing down prices a tad bit down.

At 10.00 am, Digi was trading about two to three sen down at the RM3.63-RM3.64 band. There is an even number of deals done both ways up and down.

I do not see any upside today and the price of Digi should languish at the level.

At noon break, Digi shares broke the psychological RM3.60 level to slump to RM3.58 before ending at RM3.59. There was good buying support at RM3.59.

Before the bell went off,bargain hunters came in droves to bring the price of Digi to its lowest of the day; ending at RM3.54 for a 12 sen loss.

Ended at its lowest at RM3.54

Digi shares traded lower due to indigestion,the Friday mood,Monday being a public holiday as well as the uncertain global equity scenario.

I could sense accumulation as there were two tranches of 5 million shares done.

Digi: Supply Backwash

Finding Traction

Yesterday the new Digi shares were deposited into the CDS of shareholders though these shares could all be disposed on 21 November when Digi goes ex. Those sold will be delivered today which is T+3 according to Bursa rules of trading.

Psychologically, sellers who are not initiated with these rules will start selling off excess holdings from today onwards.I expected a fall despite the Germans having failed to sell their so-called gold standard bonds which plunged Wall Street yet further down.

Tittering below overnight on the opening, Digi descended to RM3.63 for an initial 9 sen down. Unlike yesterday,there is not widespread dealing on Digi. Digi will have to find traction somewhere along the RM3.60 sen band. If not it will go down to the next band of RM3.50.

No really big buying and so I guess it is only retailers' play today.

Digi took a reasonable fall of 6 sen to RM3.66

Digi shares ended at RM3.66 for a 6 sen fall. Fair price given the German bond debacle.

Courting Black Harvest

For those dabblers of Harvest Court, it must have been one rude awakening when they saw their shares plunge like a bungee jumper without going up. It always is dangerous to court the unknown penny stocks especially in wild-wild east Bursar!

True, the PM's son lent credence to the company after he has bought its shares and then sits regally on the Board. But that's no reason for you to jump head long into this potential quagmire of a counter?

Sadly, as we see, the Bursa failed to do its job to timely query the company on why there was such a huge percentage jump in its price in a short spate of time or the reason for the flurry trade. It allowed so much leeway for punters and mercenary buyers to sucker a wide slew of  innocent babes of investors. From 10 sen it jumped to price stratosphere beyond RM2.00.

Once the punters leave, the PM's son also quited his Board seat and now all those poor  blighters or sorry shareholders are left with Harvest Court shares hanging high and dry.

The price of Harvest Court is now 74 sen, down by another 22 sen. It touched a low of 66.5 sen.

As they say, winners guffaw and losers weep.

I can hear the din of the cries of the loser-weepers but sadly, not Bursar.

Digi: Digestible Demand?

Holding Steady in Morning Trading

Oh yes, it got to a flying start and then ran out of steam by 10 am. Heavy buying was seen from RM3.82 to RM3.86 before retail buyers came out in squads to pare down prices into the 70's region.

Today is Day 3 after Digi went split and prices look like it it holding up. It was up Monday and yesterday and it should hold up with marginal gains if market continue to deteriorate on the whole.

As they say, the market is always right.

Amidst heavy selling pressure, Digi managed to close unchanged at RM3.72. There was quite heavy buying at RM3.72; something like more than 8.2 million shares done.

Close Unchanged at RM3.72 in a bad market

Digi: Swimming Upstream Like The Salmon

Will Digi Do Some More Magic?

With the deluge of new shares floating around, sellers are always ready to sell into profit, no matter how good the company may be managed or what great future lies with the company.

Man's mind is hard to fathom. While some think they are angels and should no longer tread on this counter as the price ascends, there could be greater fools thinking that there are more miles to go for their 'camel'.

Come what may. As they say, good things comes for those who wait; the other school will have as their affront-Count your blessings and take your gains and leave.After all tomorrow is another day.

The second day of Digi as a 1 sen share saw heavy buying of should I say, selling, at the RM3.72-RM3.75 price range. It ended at RM3.69, a whisker from the next marker of RM3.70.

Closed noontime at RM3.69-a whisker from RM3.70

I think the going is heavy as selling gravity will continue to pull away promising gains. The European debacle still stinks at this stage. Now, France is embroiled as well.

Digi closed at RM3.72, up 12 sen. At least it breached the RM3.70 sen mark.

Ending up 12 sen at RM3.72

So, do not expect a very good market in the next few days.

Driving Miss Digi

Digi goes Ex

Remembered that beautifully crafted movie," Driving Miss Daisy"? The one that starred the talented Jessica Tandy and the ever charming Morgan Freeman. Yes, Digi's half day performance is bitingly refreshing. Akin to that movie of just driving Miss Daisy. You just want some more and still so more.

Amidst the gloom and doom of the European cancerous sovereign and banking debt fiasco, with the local market losing more than 15 points, Digi continued to be in demand. Undoubtedly there will be weak holders who will sell out some portion of the holdings to take profits.Similarly, we have fresh blood in the form of new buyers who are most thankful of being able to buy one lot of Digi at the RM3,000 level.

Closed at RM3.68 at noon

The starting block of RM3.60 was breached moving up to a high of RM3.81 and a low of RM3.53. Most shares were bone at the RM3.77-RM3.80 level. I think the support level will be RM3.60 and if buying persist in the afternoon, Digi shares may go beyond RM3.70.

Yes, as I predicted-it upped 11 sen to settle at RM3.60 as it final price.

Digi: Strangled at RM35.00

As much as it wants to go up beyond the RM35.00 divide, crabby buyers pulled the price down.

How much will it open ex-split on 21 November?

All day long it see-sawed just like arm wrestling, sometimes better like in the beginning minutes and faring a little better an hour before closing time.

Except for a 500 lots done at the morning at RM35.10, trading has been kind of dull with minor players coming in just before the dateline for splitting on the forthcoming Monday.

I think the share will likely close at this price range possibly saddling RM35.00.

Evidently,more sellers were in the field and the crabs won the day; and Digi went off best below RM35.00..

Closed at RM34.96 on 18 Nov 2011

Digi closed at RM34.96 and so theoretically it will open at RM3.49 on Monday,21 November 2011