Friday, October 26, 2007
Bulls vs Bears (26 Oct 2007)
Looks like the bulls are regaining back their strength.
I sold off almost all last Monday. Hey, I was spooked by this US market. But, someone always manage to push up the market before it closes.
Anyway, this time, I was discipline in cutting my losses. But the market turn right up after I cut. The previous time when I was not discipline in cutting my losses, the market when straight down. This shows that not only one need skills but also luck to win.
KLCI seems like it is going to break new high. I lost a few valuable position. Now, have to rebuilt it back. I will still go for the CWs for more bang per buck.
I have or trying to open position for the following CWs: IOICorp, Genting, KLK, PBBank, MISC, HWL and Cheungk.