Last week, the US Consumer Price Index (CPI) was better than expectations (with a rise of 0.4%) & the Dow staged a strong rebound of +3.4% in a day. It was another week of relief after a disappointing year. The local stockmarket has also rebounded, albeit slightly.
I hope that by holding through this tough period, this very bearish sentiment will eventually end and stocks would have higher share prices than now. I don't think selling stocks at very bearish market conditions now is better than waiting until the market becomes more optimistic and bullish.
GE15 is coming soon. Each coalition is busy throwing shade at each other to win votes. Their manifestos have promised much goodies for voters.
On another note, two local couples had been charged in court for receiving money for giving out unlicensed investment advice. https://klse.i3investor.com/web/blog/detail/savemalaysia/2022-11-11-story-h1651935612-SC_charges_two_married_couples_with_money_laundering_of_over_RM7_2m
Some friends of mine follow technical analysis by one of the couple who were charged in the news in the link above. They made some money and I sincerely wish them luck. It can be quite profitable if you can catch the trend, even though the companies are substandard companies.
However, I don't think buying stocks of companies which don't have strong financial track record should be recommended. (read: goreng stocks/speculative stocks) To me, buying such stocks even for short-term profitable trading is lending support to syndicates & a form of encouragement to subpar companies.
Buying a stock of a company is like voting for an election candidate.
You look for good qualities in them.
You check their past history.
You ask what can they do in future?
You check whether they are likely to cheat you.
At the end, you make a decision to choose which one. Then you let them do their part.
Disclaimer: This article is not tailored financial advice, but mere general stock sharing / observations. Please do further due diligence.
Created by CynicalCyan | Feb 25, 2023
Created by CynicalCyan | Feb 18, 2023
Created by CynicalCyan | Jan 15, 2023
Created by CynicalCyan | Jan 08, 2023
Created by CynicalCyan | Jan 02, 2023
Created by CynicalCyan | Dec 26, 2022
Created by CynicalCyan | Dec 25, 2022
Created by CynicalCyan | Dec 04, 2022
Created by CynicalCyan | Nov 27, 2022
Created by CynicalCyan | Nov 20, 2022