Good...time to bottom fish lor. This is the moment to look for cheap sale stocks. But, don't rush. Sure lots of panic selling and forced selling in the next few days. So, take it easy while fishing.
Knowing the volatility, we have to take calculated risk. Contras are risky. Any rebound will be like a dead cat bound. Holding power is preferred. Buying on dips normally pays off.
Knowing the volatility, we have to take calculated risk. Contras are risky. Any rebound will be like a dead cat bound. Holding power is preferred. Buying on dips normally pays off.
Thanks Desmond. If u observe the behaviour of Alam, it tends to rebound after dipping. In other words, there are strong supporters & mkt maker for this stock. When it dips, that's the time to bottom fish. That's how I see it.
Something hoovr in my head.. Where the great impact of parliment fissolution..! Why market not thumble and do a cheap sale. ? May this afternoon session..?
If u look at the overall mkt, it plunged 49 pts and regained 35 pts. That was the impact of the dissolution. Probably big boys were instructed to control mkt and not create panic.
Mkt is being supported by big funds. The 35 pts rebound indicates this. This is to create confidence. Nevertheless, mkt is still volatile. Trade with caution.
@minitrader, I'm rather disappointed. Had waited and waited for the kneejerk reaction to the news of parliament dissolving; hoping to get good bargains. But when it does happen today - FINALLY - there doesn't seem to be too many opportunities. Going to see how it goes in the coming days.
Not to worry Mat Cendana. As I have told Desmond, there's always plentiful of opportunities in the mkt. Mkt did plunge and so did most of the stocks. It was fast and quick. Mkt got the news of PM going to Istana Negara this morning and making the announcement live on TV. That's when the mkt plunged. As a matter of fact, I had already trimmed down my portfolio in the last few days just to wait for the knee-jerk reaction following dissolution of parliament. Frankly, I don't know what to expect next. Volatility is still the order of the day. As u said, just wait and see how its goes.
what we can do is to play by the ears & i believe alot of friends here have been waiting patiently for today's disolution to come & have also been expecting a drastic drop but due to its peculiar direction, the index instead of declining, it rebounded.. Good or bad sign, we will see later..
Yahoo!!! managed to grab some DIGI & ASTRO, when market dip down this morning. Been waiting for this to happen. Yes it was very fast & rebounded. Now sold all. Takuuuttt.....
Still in Confuse now.. Don't know where to heading... Morning down.. Now up again.. Sold my Alam that bought yesterday at 94 cents.. Lost 1.5 cents = rm150 + 130 brockerage.. total loss: rm 280..
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....
minitrader
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Posted by minitrader > 2013-04-03 11:19 | Report Abuse
Good...time to bottom fish lor. This is the moment to look for cheap sale stocks. But, don't rush. Sure lots of panic selling and forced selling in the next few days. So, take it easy while fishing.