Sunday morning ...during weekends, traders would read and check what are the news for the week and stocks in plaza.

Example : toll news pushing Gamuda and IJM.



Gamuda performed much better last week, moving too fast for me to catch ...so, I went for IJM breakout instead. There is no follow thru in IJM.

Initially when I saw construction moving, I thought it was linked to cement news.

YTL bought into Lafarge ... and this is not tradable anyway.

By the way, in case someone saying Lafarge is uptrending again ...I better show the whole chart.

There ...always check the historical chart and not get misled by believing what is being said in forums. I do wonder who stuck up there above RM5 ...well, most retailers do not buy into Lafarge or Tasek. I remember too that YTL cheaply taken YTLCement private.

Anyway ...construction stocks is in play now ...spilled over to some steel stocks too, with the revival of some projects, these stocks would be in play for awhile.

Anyone bought Gamuda below RM2.50 and hold till now? Crash is a buy-hold ...next would be, when to sell her? RM4?

Note : buy during crashes is that difficult ...and we need to hold till recovery, if any.

Oil and gas is another sector media trying to push(to distribute) ...while Dayang is most popularly written ...Hibiscus or Carimin are following too. I choose to trade Hibiscus as it doesn't swing as crazy as the other two.

Crude oil recently crashing down ... but recently rebounded due to Iran news. As speculators/traders, we have to follow the news to know short term movements of stocks ...short term as it is not sustainable. Once the news forgotten ...no longer hot ...the stocks or even sector would be abandoned.

Example : no more Jack Ma stories ...hence Efficen or  Gdex tumbling down ...crashed and no one talk about them anymore. Hmm ...wonder why so many stuck inside efficen, gdex, tnlogis, century ...etc etc ...including POS (recently hit Rm1.20 now RM1.50) ...still holding on them? Perhaps they never learn to sell or cutloss.

Already ...so, read some news ...see what is hot for the week ...and trade those stocks. News ...fundamental check ...check charts ...plan and trade. Sound simple but it is not.

Will write again later ...using ipad to blog is not easy as I don't know how to adjust the alignment etc etc.

TEH