Thursday, February 10, 2011

Market to Retest 1500

1. No trading for today as well.

2. wow !! market drop 32+ points today :( RSI in oversold position. Retesting 1500. :( If this fail to sustain, further down side may expected. Very sharp drop today, tomorrow may open gap down but i think will ease toward the end of the day. This is normally the case after a sharp drop. :)

3. Try to sell PBBANK at RM13.30 but too bad few second late, while there is still units available at 13.30. :( May be my respond a bit slow. :( What a waste else would be making instant money after sold. :(

4. I might probably start selling off my stock slowly, trying to compile and consolidate my fund. Most of them have been keeping for umpteen years, some even kept for more than 10 years.

5. Any bad news out there that i don't know ?? beside China raise rate, Egypt chaos, what else ?? If there isn't anymore bad news this correction is healthy and temporary i believe. (Hopefully :))

6 comments:

Anonymous said...

I share similar view with you, tomorrow 1500 must hold and market rebound, if fail may trigger another round of correction.

I've free up more margin line after sold off all BsdREITs; TWRREITs; RCE capital and Uchitech making reasonable return and swap some margin to increase stake of Homeritz and add CCM Duopharma.

Admin said...

Some of the shares you kept for 10 years??..wow.You must be alot of capital in the market :P

davors said...

hope 1500 hold on...

US stock dont look too good tonight...

Anonymous said...

Adds back Uchitech into portfolio, bought at 1.27-1.28

horse said...

hi peter & devor,
yes, some kept for > 10 years. :)
my capital is building from time to time slowly... not instantly gotten them from share market. I believe building wealth is over a long period of time. I may soon adopting new method of investing in share market. Take a look on how hng invest his shares, i admire his method, may soon follow him but i need to consolidate my fund first before starting. :)

horse said...

hng,
congrat again on your making. :)
i think MOnday is good to start buying. :) Good luck.

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