3:45 pm - Prognosis for Air Asia till this day !

A lot of people have ask me what I think of Air Asia :- from the day Air Asia went IPO, i did not like the company as an investor or trader. Air Asia is facing fierce competition and surging high oil prices.

Look at the weekly chart ! It is breaking low and it may stay like this for years.

Now look at its sister company - one of the low cost carrier in US - SouthWest Airlines. Compare its chart and you see what I meant .

SouthWest Airlines for 5 years chart. It has gone anywhere . Maybe it pay some dividend but that's peanut.

Both charts exhibit the same pattern.

Avoid low cost carrier counters ! Bad for your money and difficult to manage !

3:36 pm - Chart of the Week for May 20-24, 2008 - MayBulk

Again for this week, we either have a breakout above 1300 for KLCI or still moving sideway. If KLCI does breakout, Maybulk is a good buy ! Put your stop below rm 4.15.0

Happy Trading,

Martin Wong