VITROX
Vitrox, V for Victory...
Strategy: Wait and See...
Saturday, March 31, 2007
TENAGA
Currently, trading range at 11.40 to 11.60.
Option #1: Buy at 11.40.
Advantages:
1) Promote the spirit of Capitalism
2) Uphold the integrity of capital market
Disadvantages:
1) Capital kena tight in.
2) Could be force to cut loss.
Option #2: Buy at 11.65.
Advantages:
1) Breakout point trader, ride with the turtle.
2) Flexible money management.
Disadvantages:
1) Loss of RM250 for a single lot.
Friday, March 30, 2007
Buy? Sell? Hold?
Malaysian market is really defensive and strong these few days... Despite US down, the market still ok... Technically, the third wave is coming... The only question a trader might consider is... is this a small wave or a tsunami? How long? How fast?
Well, that is really a very difficult question to answer. For the time being, the only thing that we can do now, is be alert, speculate with care, with due diligence and behave ethically. We can only read the market, never to predict the market. As in these volatile period, any thought planted in your head will be a deadly weapon if the market goes against you.
Secondly, to be safe and play safe, i suggest do not put all your capital into the market... Anything can happen. The only time for us, as a gambler, to show hand, is to buy at deep discount. Else, no talk.
The Iran issue began to become critical... 2 missiles to Iran can cause the oil price to double to 120 (currently is 64). That, even no matter you are Tun, Dr, Mr M, Ah-Boo-lah Tan Sri, Datuk, King, or King Kong, will not be spared. No mercy... and see you below 1100.
Should anything bad happen, your reserve capital is the ultimate weapon that could ensure you to retire young and retire rich. Forget about Rich Mum Poor Mum, MBA, CFA, CMT or whatever heck it is...
Always leave a last bullet in your pocket... it is either for yourself or the enemy.
Tuesday, March 27, 2007
Interesting high volume doji
Very interesting doji formed today. The uptrend has been furious and fast. As i am watching the US Dow and NASDAQ, uncertainty indicated by a doji in KLSE compounded the issues. Bear and bull are seen fighting seriously today. Bull are saying, "hey, you know i am supported by XXX besar, dXXXk-dXXXk and XXX XXX politics?" Bull is trying to show that he has strong back-up and keep on stressing on issues such as "we are still fundamentally intact", "fair value is beyond 1300" as well as " please buy more as we need some donation for election". In fact, the secret weapons bull is having is very powerful - suddenly announce changes in policies and ambush from the bushes after ducking in the longkang for 3 days 3 nights. However, bear is starting to return, at least in the near term... US situation is really not good... and consumer confidence drops. Damn, this means small market like Malaysia who always shouting for Malaysia Boleh will be heavily impacted as we are focusing a lot on exporting. In fact, for the news on oil prices uncertainty, stock prices volatility as well as US economic condition, we should demand a higher risk premium. This means a lower stock prices. However, life is not always easy... People are trying to push up the prices by a perfectly manipulative and fast pace never receive required cooperation from the other party in oversea. Damn, the US consumer are saying they suffer from stomach ache and need to shit when the other party in another corner of the world is trying to cover up the shit (of coz, cover the shit, and then all of a sudden, let go the shit so that we can produce some shit eater in the market). It is a very interesting movie to watch... Probably, try to think on this, can anyone trying to stop a falling dagger? How to stop a falling dagger in a small market? Will the falling dagger become real? Captain America with a falling dagger and Hang Tuah with a flying keris, who is more powerful?
Complicated... Never dare to predict the market anymore... The best is sit down and watch movie... Probably, it is a time to go holidays...
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