I'm bored. The index is inching up. But the general market is going nowhere. Stocks are just like human, they have very short attention time. Most of the time, they just wonder aimlessly.
I'm just doing ok with my selection. Wellcal amazed me. SimeEng not moving. Cepat is like a rollercoaster. Mems is full of suspicious queues (sekejap ada, sekejap tak ada).
I sold out with a lost for Bahvest and LNGres. Bahvest is slowly sinking. LNGres is trapped in range.
Gamuda may show signs of uptrend. Not yet confirm. The warrant will be a good play (Gamuda-wc). Maemode also attracted my attention, the warrant is also a good play.
When nobody is buying, it is time to go shopping. Buy when the queue is low (of course the long term trend must be up). When everyone is buying, take a seat and watch their action. Remember, the crowd is always wrong.
So, I'm still waiting. It is a boring game.
3 comments:
"When nobody is buying, it is time to go shopping"
Boxing day. :)
Boring day for all of you.....but i sense there is a new star in msedaq - iss.
This share has been on the free fall since its first day in the market about a month ago but then, most of the time, the trading volume for the share was high too. Strange. But 'miracle'happened a few days ago when it suddenly decided to go up after it has fell to half of its IPO price.
Now what ? Syndicate's new mesdaq target ? What do you think ?
no signals yet. Wait for the 1-2-3 formation if it is going up.
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