apa u turn wor...apa spike wor... just a technical rebout...dead cat jump only... the prospect still gloom ....need to see Covid 19 ...and Fed action...
Wow, Amazing ! As at 5.35 p.m, Dow Jones Futures a big green now at => 21,773.0 (+688.0) (+3.26%) ! Like that next monday onwards will be a bull market coming already lah !
Summing up Captain Mabel Sparrow adventure this week...
Worst Dow drop since 1987, and only -10% because of the circuit breakers that were put to deal with 1987-style plunges. If it weren't for these, I have a feeling 1987 would be second to 2020.
During this week I have invested in great companies at good prices— when they are out-of-favor—dream of times like these. They don't come around very often, but when they do it's time to buy and shout gleefully that you are fortunate enough to live in times when stocks are selling at fire sale prices.
This time, I’m not selling, I will stay on course, everything will be alright by the next 18 months. Recovery by end of this year will be an added bonus.
I've had more fun this week since I entered the market right after GE14. It's all been pretty amazing and fascinating. Now, I will sit back and let the management teams of these companies do what they do best: manage.
Remember: Volatility equals opportunity—not risk!
As shared earlier by the team...
Crude oil price has rebound ... Europe equities rebound ... US equities futures rebound ...
As at 7.27pm,
Nymex => 33.16 (+1.66) (+5.27%)
Brent => 35.01 (+1.79) (+5.39%)
Dow Jones Futures spike up to => 22,191.0 (+1106.0) (+5.25%) !
Hopefully, the price of Brent crude oil will stay above USD 40. It is even better if the price can stay above USD 50.
Last 4 years oil even drop to 20+ for quite a long time, these oil company still manage to survive, this time is mainly due to virus, how long can it last?anyway just my opinions.
Covid-19 make economy slow down company fundamental company will metamorphism and company with high debt will face collapse or bankruptcy soon.Expect local and foreign funds money would not flow in big cap and mid cap stock because everybody scare buy high losses money . In this few month expect Funds manager money would flow out in bigcap and midcap stocks and will short selling midcap stocks for make money so now no prospects cannot buy and hold. market stock RM10 drop to RM5, RM5.00 drop to RM 2.00 , followed RM2.00 drop RM1.00, followed RM1.00 drop to 50 cent, followed 50 cent drop to 20cent ,followed 20 cent drop to 10cent ,followed 10 cent drop to bottom. High debt company cannot hold ,high prices stock cannot hold , market never sleep money never sleep just buy bottom low prices with cash rich company . This is a opportunity markets smarts money no longer will flows in cheaper stocks market will goreng lows price stock at bottom.
If oil price maintain at 30 or below for few qtr, I sure this counter will be gg and all money will be burned or become paper, think about it before in!!
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....
bigfund
311 posts
Posted by bigfund > 2020-03-13 08:57 | Report Abuse
Maybe today can buy a bit