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Showing posts with label Malaysia. Show all posts
Showing posts with label Malaysia. Show all posts

Wednesday, January 6, 2010

Dare or not?

The local share market is just went insane these 2 weeks, especially these few days in 2010! Perhaps people always say, a good year with good profit. So have you manage to enter or exit any share? Well, no matter which share you buy, you have very high percentage hit the correct one, or even a strong bullish one. That's good, many people wish it can be like that everyday, but it will just not happen for long in reality.


I feel very irritating because I've anticipated the market will up after the triangle breakout, but I don't dare to enter as I've no idea what to enter, while 60% of my investment capital stuck at rubber glove and banking companies. The way i seeing the market and share rise happily, the more frustrated I am. Those leader companies that in my list are already rising before the confirmation of bullish signal, that's my situation. I almost get over my emotion and simply enter the share in the top volume list, or those second grade company that I think it will make me profit.

With my past experience, I controlled myself and stay away from trading, because I just did not do enough homework and I don't have solid experience. I just don't want to risk my money at all, even though the percentage of earning profit is high from the market. Fortunately in the end of the day, the entire rubber glove shares performed in an outstanding way, a wonderful consolation prize for me.

After my dinner just now, I just recalled a lesson excerpt from Reminiscences of a Stock Operator, "This is a bull market!". Let's see what I can invest with my remaining 40% capital on the following days.

Friday, December 11, 2009

Triangle Formation

How's your stock investment portfolio going on? Did you manage to enter Affin or Affin warrant this morning? After Hong Leong Bank acquisition news was firmer and released on yesterday, Affin price is reverberated from 50% retracement, a pretty 7-11% quick profit. If not because of the mid-term correction, I believe it will be even higher.

Just to share with you. When I analyzed the price charts just now, I surprisingly noticed some of the prices have formed a triangle formation and ready for breakout anytime, including KLSE index. The time frame is about less than 2 weeks time.

That's means, the breakout would be the end of bullish, or continue to bullish after the 2nd mid-term correction. This is interesting. Well, let's see what will happens within the next 2 weeks.

Happy investing.

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