Jake, overall I believe VS is a good company with many potential. At this moment due to strengthening of ringgit, there are concern however to me it is a buying opportunity.. To know how it will fair today, have a look at gainer vs loser. Gainer to lead loser with ratio 62% and above would be good indicator with optimum participation, Untraded by lunch less that 650 should be healthy.
Maomum, I believe yesterday's slump for some exports stocks should have been factored in. Any further drop on those should be collection opportunity for those good FA stocks. As for KLCI, use the gainer loser to gauge.
This where the curve ball is coming! KLCI went above 1700 and a due consolidation is to happen. I personally would like it to consolidate lower rather than higher. Lower would mean closer to 1665 and higher would mean 169X. Lower allows more stability and to stay above the 1665 if any volatility next week.
Oil is down and ahead of Doha meet, is Malaysia getting the best deal at the moment with ringgit strengthening and oil price dropping? Malaysia is nett importer of oil while ringgit strengthens maybe an opportunity to hedge. Hedge ringgit, hedge the oil! If so what do you think will happen? My opinion is this window maybe very short for this to happen(i.e. Oil down and ringgit strengthening)
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