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

5:05 pm - KLCI closed just above 1300

This is the first time it closed above 1300. Let's hope on Tuesday, it can stay above 1300.0

12:03 am - Big players like SASB bought into SP Setia.

Good opportunity and a series of test ! I waiting for it to break out.

Buy it now & Put your stop below at rm4.00.

11:47 am - CIMB Research put a BIG Buy on WCT Engn. yesterday !

Look at the chart ! It just shot up - a 18 L/C. I do not like to buy on news put out by analyst.

10:51 am - A new high for LPI and 18 L/C

LPI is a good dividend payer ( > 5% p.a) and sister company for insurance to PB Bank.

10:29 am - KNM had a 18L/C !

Are you ready to buy ?