AIRASIA 5009

Tony Fernandes is probably the king of all lobangs.

Admin fee also can scrap, with RM6bil+ worth of debt, how can he still afford to cut corners? That's why he fainted the other week lah.

My Rating: SELL with a TP of RM1.02.

Market Summary:
The market's been a little erratic lately, with a prolonged correction lasting 7 days. Of course, that I'm not interested in, since I'm still bearish with a target CI of about 980 - 1020 (end July).

So in bear markets, the other only way to make chicken scratch is to look for short term gems. I've got 1 in hand (TOPGLOV 7113) right now which I'm heavily monitoring because of questionable movements. Wait till I sell it off first (when it hit my TP) then only I'll write about it.

In the meantime, if anybody can explain the massive SQ @ 6.50 for TOPGLOV, I'd be thankful. I suspect somebody's blocking the share from rising in preparation for something. It's been there the entire day, with lots of small volume 1-5 lot trades @6.50 in between bigger volumes of 100-200 @6.45. TCP (Theoretical Closing Price) was pushed up to 6.50 (smart move) with 500 lots done in the minute before the market was trading at Last.

Could the sharks be fishing? See tmrw first lah haha.

Where Are We Now

There's some good news to go around in these times.

Berjaya Sports Toto posts a 76.5% jump in YoY profit.

Hehe, this means, in bad times, people gamble 4D more often than never.

I haven't done much in 3 weeks. If I say I was busy you wouldn't believe me either. Go out a bit, part time car mechanic, part time stock fryer, part time mahjong player, part time kaki hang kai, part time futsal ball collector.

Plentiful ah.

But the thing I haven't done until now is to find a job. CV write until half only apa ni..hehe.

The London Log

I'm in London now.. enjoying a much warmer weather. Have I not repeated myself enough.. I like London so so much because it's a huge city.

Anyway, couple of brief updates.
Gonna leave tmrw morning for Heathrow at half seven in the morning. Then flight's at noon. Hopefully I'll touchdownnnnnnnnnnnnnnn at about 8am Tuesday at KLIA.

WOOHOOOOOOOOOOOOO

KL! I'M BACK!

P.S: I think I should do those twit-twatting that's very the chiu lau heng now. Since it suits my lazy style.

Learn Canto Thru Msn!

Think your command of Cantonese sucks?
Don't worry!
Through a series of visual learning tools we'll get you from where you are.. to anywhere you want to be!

Just call your local supplier (anyone) and ask for the learn-canto-thru-msn package! Only rm9.99 per session.

Best value! We guarantee it. Just see for yourself!

Behind The Fog of War

If you're like me you probably might not have noticed today was May 13.
Today I wouldn't want to talk about what happened in 69. Instead I'd rather talk about Perak. The papers say it pretty much.

The big shots at the top have been distancing themselves away from the issue in Perak. Anwar, whom I still have no trust for, has been quiet for somewhile now since the controversy that he's reshuffling PKR's leadership through a string of forced by-elections.

Today, Gerakan's Dr. Hsu Dar Ren, of a few men in the ruling coalition that I've got respect for, called for fresh polls. MCA's been pretty quiet as well, thanks (maybe) to lone ranger Datuk Seri Ong, if it was his predecessor from Kulai no one would have doubted that silence was the last thing on MCA's mind.

So as everyone puts it now, the situation's past the stage where the shit hits the fan. You know what, don't point the finger at Hee alone, how about the other two frogs that jumped as well?You see, in Perak, Pakatan had a flaw in Keadilan. I've got even more faith in PAS than in Keadilan mind you. From how I see it, PKR's the weakest link in Pakatan. Selangor's next after Perak, if the powers that be see fit.

Ok, back to Perak. I don't need to repeat the mantra that this has been damaging for the Royal Family, to both sides of the political divide, and for the state itself. It's like General Motors. Better stay away or it'll suck you in.

I don't need to repeat the point that an appeal was granted with efficiency that surpasses even the international courts. I don't need to repeat that a full judgment was passed and not an interim one. I don't need to repeat the all the skeletons in the closet that every hand that played a part.

What now? Malaysia Today disclosed that Vincent Tan (i don't understand why him again) had a role in this by paying Hee 25mil. I find that refutable, as 25mil is a large number. Why 25mil when 1mil can already do so much in Malaysia. You know what I'm talking about cuz if you're not don't call yourself a Malaysian.

The stakes here are the royalty, the rule of law, the principles of democracy, the partisan ways of the judiciary and the law enforcement branches. Might as well call ourselves Singapore if we fail this test.

It all goes back to who can clean this up, who has a wide support base. Anwar's been touted as the leading man who's going against the powers that be. But ask me and I'll say Ku Li's way better for the job than he is. That's right, Tengku Razaleigh. But that's for another day, when we get to hear the story of UMNO Team A vs UMNO Team B. That's the 20 year battle that's still ongoing until now.

Bye for now. Haha, that sounded like ESPN's gamecast commentary. I've gotta finish up revision for tomorrow's Accountancy exam.