Friday, July 04, 2008

Summer Meltdown

KLCI Yearly Chart

It is summertime in the northern hemisphere. Stock exchange around the world are melting down. Malaysian politics are full of confusion, but there is no confusion in our stock exchange, a break of 1000-1050 will mean a complete meltdown of our stock market! This week, the plantation sector has started to weaken. I thought that can earn some money from plantation counters. No chance now.
Malaysia Longterm Midterm Shorterm
KLCI Down Down Down
Finance Down Down Down
Construction Down Down Down
Plantation Neutral (-) Neutral Down (-)
Property Down Down Down
Mesdaq Down Down Down
2nd Board Down Down Down

Don't listen to analyst that says that it is time to buy because our stocks are cheap. It can go cheaper. We should wait for the analyst to buy first to stabilize the market, then only we follow. As small investor/trader (like me) only has small capital, we can't afford to make mistakes. The objective is not to make the highest return. The objective is to make the surest return.

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