Paper just read FMT business report , overall market situation is not too good. Looking at the falling trend , I will give you my comments after lunch. By then perhaps we can see a better direction where the market is going. In my earlier views I expect the market to retreat to .165 which is correct and on Monday to charge to .18 or even higher , but this is not to be. The question at the back of everyone's mind is, is this a pump and dump situation? Let's see the trend after lunch .
Yes the fall is only .01 points. the Volume is considerably less compared to Friday's 33 Million. The general sentiment is cautious if this is a panic dumping situation the fall can be even more drastic. Do not forget this counter hardly a month ago was around .065 and .07. It has gone recently to 100% up. If there is massive dumping it will spiral down faster. I say if your position is small just watch , if you hold large volume be extremely cautious and if you make less unload some and reduce your gearing. .
Paper this blog I share my view on the trend as I see it. I dont ask you to buy or sell but with info maybe you can make an easier decision. If at all I recommend like reduce gearing. If this is a dump situation, it should not has gone up to .17. My opinion the fall today is across the board , this morning report in the business report paint a gloomy picture of our market with falling ringgit and weak economy. As to .30, , I say let it breach .20 first and we take it from there. Tomorrow is another day, today it was drizzling a bit but you know the weather like the stock market does not remain gloomy always, the sun will shine . Happy trading Sir.
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....
minahkarant
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Posted by minahkarant > 2015-05-18 11:08 | Report Abuse
Paper just read FMT business report , overall market situation is not too good. Looking at the falling trend , I will give you my comments after lunch. By then perhaps we can see a better direction where the market is going. In my earlier views I expect the market to retreat to .165 which is correct and on Monday to charge to .18 or even higher , but this is not to be. The question at the back of everyone's mind is, is this a pump and dump situation? Let's see the trend after lunch .