PSY-Millions Gone in just Four Dances

Psy Dancing a Storm at Han Chiang College

I guess by 12.30 p.m today, it was all over.

Imagine 15 minutes and a purported RM 2 million was gone with the wind!

Psy pranced along doing 4 dances with one as an encore of the famous pony dance.

Hot Malaysian Cash!

It was blisteringly hot but entertained he did.

No one felt let down by this global sensation!

Najib's play to the gallery to win BN' s support at the show did not go down well with the audience with some loud  resounding "No"s to his call to support BN.

What a day for Najib.

On hindsight, was the Psy invitation move a faux pas for Najib?

MCA-Its Final Mummification and Curtain Fall?

Contemplating the Finale and Curtain Fall?

Say what you want,

Think what you want.

If you do not do what the current youngsters want, you will definitely be sent for mummification.

Their votes count!

And what is going to happen to MCA if they do not support MCA candidates in toto?

To recap the apparent scenarios:

The manipulative days in London of the taikoh turncoats who threw away the Chinese demands before it reach the Merdeka negotiation table are over.

The golden days of Tan Cheng Lock and Tan Siew Sin have been relegated into the dustbin of MCA history.

The championing days of gung-ho Lee San Choon as he stood  against  DAP's Chen Man Hin and won in a Chinese majority area of Seremban  are fully forgotten.

The bitter fight between Neo Yee Pan and Tan Koon Swan had plunged the party to new depths and led to the incarceration of the latter in a Singaporean prison and the former into political wilderness.

The sudden thrust into the limelight of the junior-status MCA president Ling Liong Sik who could hardly "talk " with PM Mahathir on the same level and which the later apparently completely disdained.

The sad and sterile Ong Ka Ting days where the MCA is just a stringer party where even third echelon UMNO leaders can chastise MCA in public in absolute glee and gloat at its impotency.

The brief Ong Tee Keat days when nothing but in-fighting occurs and the larger agenda of the Chinese continue to be forgotten.

The current 'eunuch' days of Chua Soi Lek where seemingly nothing said or done can ever benefit Chinese, both young and old.

The mummification process has started in earnest haste as the party is rolled along in the political desert like tumbleweeds in the wind.

Will the 13th GE be MCA's sad  finale and curtain fall?

Again, get the answers in June 2013.

Doing the Gangnam Style-anyone?

Lasso time with PSY

Yes, its Opah Gangnam time.

At Han Chiang School Penang.

Tonight, 11 February 2013.

Would you be there?

Ng Yen Yen in dance mode

Yes, will Ng Yen Yen will do the dance if invited?

Will he just watch?

Will Rosmah  join in?

Would PM and Rosmah just watch?

So let us see PSY in action tonight!

What a great CNY for Penang folks!

 Snaky start for sure for a horsie dance!

Aren't we salivating like Pavlov's canines?

The USM Gathering is Etched in the NST

This years's USM gathering of the pioneers from 1970 on wards with 1975 being the central year has been a resounding success.

The Streets Section of NST carried some new on it as well as photos of most of us.

Down Memory Lane

Falling Stars

Falling with a Thud!

The last two days were really nail-biting misery for many.

There was  that huge fall at the end of January.

On Monday, it went down, then it steadied a bit on Tuesday.

Today it went down almost 20 points.

Let us see the performance of some falling stars.

At the end of December, Public Bank  was rising steadily to RM 16.26. Looking at today's price of RM 15.74, that is a fall of 3.3%. As for PPB it was RM 13.26 at its height in December 2012. Today it is sitting at RM 12.16 representing a fall of 7.6%.

Let us look at Dig.com. Its' height was at RM 5.33. Today it has gone way,way down at RM 4.66 and that is a percentage loss of 12.6%.

Axiata also did not perform. From its height of RM 6.70, it has lost 8% of its share value to RM 6.16.

Let's look at two more conglomerates. MRCB went down from RM 1.61 to RM 1.25. This is a decline of  36 sen or 22% loss.

Then what about DRB? Not spared as well. From its height of RM 2.70, it is today at RM 2.55,  That's a haircut of 5.5%.

Finally let us look at YTL Corp. It falling on its face. From a height of RM 1.77 in December, it is now at a low ebb of RM 1.58 .This meaning a shaving of  10.7%.

With only two trading days left before CNY, I think there will be a visible lack of buyers.

That means bears will be on a bargain rampage to bring down prices.

The Dying Bull and Retail Flight

BSKL in Death throes?

Pablo Picasso's painting on "The Dying Bull" is the most apt reflection of the plight of the BSKL.

With the impending 13th GE and the uncertainties in the next 90 days, foreign investors have left in droves. Some that insist on staying have shifted to more durable counters.

The broader market especially second liners have been caving in; losing possibly about  3% weekly.

Retailers have taken flight and have cash in the hcips and day traders are taking a long leave for the Chinese New Year.

I wonder when will this cheap sale stop.

For the next few sessions I will trace how the darlings of the earlier bull run have been decimated slowly by bears that will paw down prices even in minimal quantities of 100 units.

I will start with the conglomerate counters followed by property counters and the the construction sector.

After that, we should look at the more durable counters like hospitality and telecommunications.

Last Chance to Get Out

The Red Tide Has Come In

Unless you hold solid blue chips such as Nestle,GAB,F&N and BAT, this is the time to review your stock holdings.

Remember its is better to be sad than sorry and it will definitely be easy on your mind and heart to leave only little stock holdings on BSKL.

Sell whatever holdings you have and sit tight until you see a firm post 13 GE government in place. By then, you will have all the pick you want of good blue chips from the true blues such as BAT and Nestle to the second-echelon like  KLK, PPB, PBB,LPI to Aeon.

You can bet your last ringgit that there will be no run-up of stock prices to the Chinese New Year. It is just too late, my friend!

 If at all there is action, these are generated by snakes in the market, they are bargain hunters pawing down prices day by day.

By Wednesday 6th February, the exodus will start outstation for the new year and the following two trading days will be dull, by all counts.

After the Chinese New Year, the specter of the impending elections will drive away both foreign investors and local retail traders will scurry away like rats hiding whatever returns they can squirrel off with.

A glance across the board after the bloody slaughter of January 2013 indicates that there is nothing of a ghost of a chance for recovery at all.

The listlessness of the current market will go on into deeper melancholia when the Johore State assembly has to be dissolved by 21 March.

BSKL will become a graveyard of sorts soon.

While the Selangor State government threatens to dissolved itself after Chap Goh Mei, the DAP-led State government of Penang has decided to go the distance as they need only dissolved legally 4 days after the Federal Parliament does.

I would expect all other states to follow the cue by PM Najib.

As it will likely be a hot-breath fight to the finish for both sides with a Pyrrhic victory in store  for the winning side,the BSKL will die a slow death.

As uncertainties are expected from a loss of BN in the polls to a fragmented PR win, they will kill whatever life that is left on the bourse!

The current BN government as well as the pension funds are collecting FGV shares at the expense of other blue chips. Their efforts are fast coming to naught as the counter is slumping every day. Even EPF members has to suffer because of politics.

Best bet- leave while you have time.