Sang-Zero, yes if need to profit from solid share u gonna think like the big boys too! No point, following those news resulting in panic sells. In out for what...
Asian stocks decline for 5th day ahead of Fed Mtg today. Investors were watching the release of the Fed Open Mkt July mtg minutes for hints on when the stimulus withdrawal will begin. Emerging mkt stocks were rolled this week amid concern capital outflows will accelerate. Foreign investors yesterday sold a net $359mil of Thai stocks. Mkt participants were hoping for clarity following the highly anticipated FOMC mtg today on the big question : to taper, or not to taper? The answer shall influence n determine the direction of the global mkts. Investors r anticipating that a 3rd round of QE3 or a similar measure to stimulate the US economy to avoid the recession many r predicting for 2013. Hence many r predicting that tha Fed will send a pretty decisive signal that r prepared to provide more support to boost economic growth n lower unemployment.
after studying the chart, it has a 50-50 chance to a test 1.20 maxi if it comes out of the triangle formation with a close abv 1.08.If it closes blw 0.99......92
Tonite all eyes n ears on Fed Open Mkt Committe meeting minutes. Hope that the Fed Reserve Chairman will announce some stimulus plan to save US fr going into a recession. The DJIA index will response with GREEN GREEN & tomorrow our FBM KLCI will also b GREEN GREEN on the radar screen. God bless
Early morning sold PANTECH @1.02 n still keeping some & sold all other stocks after having heard Fed Open Mkt Committe minutes. Sea of red every where. Waiting for furher consolidation n right timing to move in.
guys, always take a correction like a crash this way u won't be caught in situation like this all stocks are good if u can profit from it it take months to recover a 20% drop but just need a few days to lost 20% cash is king now
Not only Pantech, i cut loss everything including Salcon,Brahim, Mkland and so forth. This contagion effect eventually reached our shore, i think we will be as bad as India and Indonesia, both have been badly battered.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
SANG-JERO
3,980 posts
Posted by SANG-JERO > 2013-08-21 09:54 | Report Abuse
The big boys are putting their chips 0.99 onwards waiting for panic sellers....hmmmm... interesting...