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.