My Trading Adventure

KLCI reaching for 1680

CP TEH
Publish date: Mon, 29 Oct 2012, 11:33 AM
CP TEH
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All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.
It is so bullish this morning but I restrained myself to buying anything, except a waterfall.

Well, we don't know if the KLCI will move much higher to 1700, but that is the sentiment now. Trade it short and cautious ... time to clear some of our holdings.

got to go and continue later

TEH
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Discussions
3 people like this. Showing 10 of 10 comments

chongkonghui

KLCI is high but my stocks are not, can't clear my positions....

2012-10-29 12:08

usry

market going unreasonable and crazy now..I think they just 'pump' the heavy weight counter to attract 'ikan bilis' come in before they 'dump'..

2012-10-29 12:31

Mat Cendana

`New Records', but this doesn't mean anything for many retail investors. The rises mostly involves the index-linked counters while second and third-liners aren't going anywhere. This is the pseudo-bull market - there is no breadth. But should the index-linked come down, the others will too even when they haven't gone up in the first place!

2012-10-29 13:01

aunloke

Agree, that's why for long term investment of fundamentally sound 2nd or 3rd liners don't buy in the hurry best is wait for the correction first.

2012-10-29 13:21

KC Loh

Two wise men in aunloke and MatC guiding newbies. Kudos

2012-10-29 13:24

pathew

well said!
GE coming, so bull also have to run albeit a pseudo one!

Need to show the general populance that our economy is "booming"! Note the pun intended.

2012-10-29 13:41

CP TEH

Glad good comments here by many of good contributors. Agreed. It is rotational, telco and now banking. So, it is logical to trade into index-linked counters or some in-play stocks(with some fundamental, please).

Many retailers might jump into some speculative stocks but will be trap when KLCI correcting(soon).

need to continue my writings. hehe

TEH

2012-10-29 14:57

usry

Mr CP Teh: continue your writing and share your comment here. i personally appreciate it..

2012-10-29 15:46

lotsofmoney

This is October. Wait for the year end dressing grand finalie.

2012-10-29 15:56

usry

Bro Lotsofmoney: they only buy the heavy weight counter also for Year end dressing.. so use the opportunity to go in to heavy weight counter if there are a 'correction'...(just my opinion..)

2012-10-29 16:51

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