It's Good Friday today. The index has been up from pre-CNY of 1,224 to new high of 1,335 today. Every investor is making money out there, the country economy growth seems positive, and everything sounds too good isn't it? So when will this good thing ends? Analyst forecast there will be a correction by May or June, what do you think?
In my opinion, based on the recent trading volumes, correction might not coming too soon. But who know. Just like BJCORP, it has been shot up close to 30% right after my negative post on it. Even with the annual net loss announced on the past few days in addition to Tan Sri Vincent Tan disposed his shares, the share price is not really affected. Great.
Looking at my trading portfolio, most of the picks are growing very well, especially SUPERMX, and some minor stocks are just ignored the KLCI index performance by going sideway, i.e. GENTING. It's okay, I can't win all of them, but at least they are growing steadily in overall. I hope you are doing well too, with such a strong growth condition.
Let's get back to the local market. It seems like it is getting harder to find gems from the stock market nowadays. I'm pleased that POS finally shot up 20% today, after our Prime Minister provided a great stock tips to us on past Tuesday. I believe POS price has more potential to grow upside after today. ;)
Let's proceed to 2Q2010!
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