We are now at a very tight range of 27 - 28.5 sen. If we can break away at 28.5 sen then only the buying will start coming. Now there are still some stale bulls...road block at 28.5 sen.
Early morning already 647 counters down...worst than yesterday. No point pouring money into Bursa now. It has becomes a Sahara Desert. Your money will vanish like the water you pour into the sands in Sahara. It is so dry it is sucking all the money inside it like a black hole...just be careful...let everything finish...then only go in. Safer this way...now you go in...sellers will start selling because Cash is king. Nobody wants to be the last holding the shares...when it keeps dropping...they need to past the baton to another fool... Yesterday I was sitting at the television set....watching the news....and when it announced ringgit at a 17 years low ....and the Bursa dropping 30 points....wow...was I glad I sold off everything....phew!!!!!
Just when I am typing the counters down already increased to 659!
In this kind of market, better buy dividend counter such as 7202 cscenic, as a 98%+ are exported overseas (US alone is about 80%), export goods mostly wooden frame, higher margin as at 17%. At 1.25, it is just a matter of time for it to perform if this RM rate is so low. It gonna declare 4c interim dividend end of this month (same time last yr price shoot to 1.43) plus another 4c or higher for final. Buy now before it's too late!
Today...the banking stocks are going down...imagine!!!! Financial institution supposed to be stable...but when foreigners start selling...not a good sign. Maybank, Rhbcap, Ambank, Pbb all dropping.
ichkid, i know your intention is good. now money is the king but dont always play with sentiment. we know whats going on.. yes, for some, they would rather cut loss because they cant afford to have huge paper losses when their funds are big. But for those who have invested with small capital, we would rather wait because we cant afford to loose our money because that's our money! so we would better closeour eyes and let it be a paper loss.. until when, we can never know.. hopefully one day, it will turns good. As an alternative, we will freeze our money and start saving the rest outside the market. Let the investors decide
Bursa is going up..up ...with 450 gainers now...look like evening should go up more. Bursa for the first time in so many days turned green...like grass...nice to see.
Confirmation that the uptrend is not fake...so normally people tend to wait for a clearer sign...meaning when the price is up a few more sen...then only they want to jump in.... others just jump in fast...make quick decision...so which type of investors are you? Never mind.. just play with your own strategy.
All the bad news already factored in...now Systech is recovering from the drastic sell down. If more good news coming in...then we will see a retest of 30 sen in the near term.
Just look at the screen...714 counters up!!! Bullish bullish...tomorrow DJIA going up...and those late comers will come and buy after seeing the good results. I am sure follow up buy will come in. At least the worst is over. Then seller will queue higher price tomorrow and we will see the price gap up.
" Yesterday I was sitting at the television set....watching the news....and when it announced ringgit at a 17 years low ....and the Bursa dropping 30 points....wow...was I glad I sold off everything....phew!!!!!
Just when I am typing the counters down already increased to 659! " - 07-08-15
" Just look at the screen...714 counters up!!! Bullish bullish...tomorrow DJIA going up...and those late comers will come and buy after seeing the good results. I am sure follow up buy will come in. At least the worst is over. Then seller will queue higher price tomorrow and we will see the price gap up. " - 13-08-15
Woah...was glad that this sinkalan is still around here making jokes.
Things are dynamic in stock market...every minute...changing...price swing all the time...yesterday's news can be stale news today because today will be a new day. When the market was down with so many bad news on 7th August, I choose to sell first and run. But when the market recovers I buy back at the low. If you keep holding when the market is down, you lose out. The comment on 7th August cannot be use for 13 th August. So it is up to your own trading plan. Kingsman you are funny too. I like your comments you make me laugh at myself....hahaha... Thumbs up!
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richkid
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Posted by richkid > 2015-08-04 14:30 | Report Abuse
We are now at a very tight range of 27 - 28.5 sen. If we can break away at 28.5 sen then only the buying will start coming. Now there are still some stale bulls...road block at 28.5 sen.