Anwar Ibrahim to be like Thaksin Shinawatra ?

KL Composite Index is very week. How long this weaknesses will last ? The KL Composite Index close down -6.25 points at 1,112.53 points, 23 points above its lower level recorded at 1,089.47 points on 21.07.2008. If this level break, I can say bye-bye to our KL Composite Index. Our market are hopeless.

IOI Corporation Berhad create a new low today in tandem with the Crude Palm Oil prices decline. Once a darling counter among all the plantation stocks since 2005, this counters also cannot stand the selling pressure.

Today it break its support level of RM 4.76 per share (06.08.2008) but luckily it close above this level or else tomorrow it might turn out to be ugly. If we look at this market movement right now. Everything seems to be bad for the index although some of the share prices still remains almost the same.

Political situation in Malaysia still unstable. There is one question I would like to ask everyone ? If Datuk Seri Anwar Ibrahim win the by-election in Permatang Pauh and become a Member of Parliament and have to attend a court hearing in September for sodomy.

If the court rulling are against him, will Datuk Seri Anwar Ibrahim been jail for allegation of sodomy cases or he might do the same like former Prime Minister of Thailand Mr. Thaksin Shinawatra who is running away to seek asylum in England after they fail in their process of freeing themselves from all sort of allegations in the court.

How our share market would react then. This are the few thing that need to be consider.

Thai shares open higher or rose 19.48 points or 2.82 per cent following reports that former prime minister Thaksin Shinawatra and his wife fled to England instead of returning to be tried in a corruption case.

It might happen, it just that the different is Mr. Thaksin Shinawatra is a billionaire and Datuk Seri Anwar Ibrahim is just have million hair. Who knows ?