Sold my IOICORP

Just sold my IOICORP at RM7.15. There being not much excitement to KLSE lately, temporary ease out this stock and take a profit from the purchase price of RM5.75. Still searching for opportunity to enter the market again but hard to look for one now, my strategy is waiting and waiting until i manage to spot one. For now, US economy is not in good shape and local political tussle causing market uncertainty. Is good to take a step backward and see how the whole thing turns out. Frankly, in such a situation, day trader is hard to find any dime here. What need to be done here is to swing your appetite to dividend play which i think is the best defensive way in dealing current market while waiting for a more clearer picture on the market. I am particularly, eyeing on TENAGA which its has been drifting down from RM12 all the way to a mere RM7 and at current price its PE stood at around 7.3 which is relatively low. Recent announcement by TENAGA where it registered a 1H net profit 2.578 billion (decreased 7.96%), this decrease expected to be sustained in the next half in my opinion, we shall see this giant hovering around this price at the moment. Personally, i think is worth looking into this guy when it fall to the region of RM6 - RM6.5 region. Of course, this does not recommend a buy, it is totally your responsibility while exercising your decision. Happy trading.