AirAsia closed higher at 1.55..

Oil price did hit 70 per expected. The increment was due to the Hurricane Katrina's rampage across U.S Gulf Coast and Mexico Gulf. I view this scenario as a short term problem which based on high demand caused by fear. How true is that, is remain uncertain. We are yet to see the real impact of this hurricane on oil supply. Only the very very high demand(stimulated by fear)!
Locally, AirAsia and MAS are the 2 companies that are badly hit by the high oil cost. As expected, the share prices for these 2 companies keep on dropping. MAS also had recently reported a big loss this quater which is bad enough that it needs to put some blame to AirAsia. AirAsia in other hand, still marked a profit this quarter. However, the lower profit had decreased the public interest to keep their AirAsia's shares. In my opinion, AirAsia is a growing company and should be treated as one. I salute this company because it still able to declare a profit while the other had to declare a loss. If the oil price did not increase, things will certainly be much better.

Bought MBFHolding Warrant

Market closed with index marked in red. Bought MBFH warrant at 5 cents to make sure my $500 doesn't go to waste. Still maintain, NSCOM and ENGTEX. NSCOM quite active but traded at low price. Will ENGTEX rebound? Hopefully, yes. Airlines are getting cheaper now. Very interesting indeed. To those who plan to own a piece of an aeroplane, you can now make your dream comes true.

KLSE Index Keeps Dropping...

I'm frustrated a bit with the current market condition. At the same time, I'm also excited. As people heavily sells their shares it is actually the good time to buy!! However, the million dollar questions is, "When is the right time to buy? Today? Tommorrow? Next Week?". Since the next supports will be at 880, monitoring the index will be my next week goal. At the same time, hunting for cheap shares to buy, buy, buy!!

Oil Price Hit Highest Ever!

No good. I should start to ride bicycle to work. Now KLSE is down again. (Actually, oil price hits $90 per barrel 25 years ago.)

Credit Cards For College Kids

"Credit cards can really screw up your life!"
My friend was in college in United States when he applied multiple of credit cards and easily got them. Eventhough he doesn't really have a secure amount of monthly income at that time, credit cards' companies seem very eager to give him as many credit cards as possible. Accompanied with free gifts and the "always smiling credit cards' booth peeps", he was attracted to sign the agreements that put him to financial doom. At that time, he was only a freshman. Without awareness and out of stupidity, he started to use his credit cards to buy all sort of stuffs that college kids would likely to buy. At the end of his college time, he was seriously trapped in debt. Only then he realized that he was tricked by the credit cards' companies and now become their slave. He really hopes that he doesn't have to work, earn and pay'em. But, with full of regret, he still have to.

KLSE

The market is finally up!! However, the sad thing is that I'm still holding NSCOM and ENGTEX stocks which keep on dropping.