Well yesterday share market performance was actually an opportunity to accumulate some of the shares at cheaper price. Based on yesterday sentiments the share market looks quite strong in their overall performance. No doubts the Dow Jones Industrial Average was down about -500 points, it didn't jeopardized the overall sentiments in the FBM-KLCI.
If we take a closer look on most of the counters traded during the opening session in the morning, most of the counters were down just a little bit only. It shows that the share market might make a turn around anytime soon. The selling pressure is getting lesser. Basically the timing of buying and accumulation was the last two days. It was a perfect moments. Accumulation should be done when the share market was weak. Buying on weakness would be the perfect way to accumulate. Maybe it was about time that a rebound might be happening in these short terms. Who knows, anything can happen in this share market especially during this kind of uncertainties happened lately in world financial market. If the technical rebounds do take place, it might not be a long run. Just be careful whenever we trade during this uncertainty. This is just one of the my points of view and we cannot treat it as it might happen.
4 comments:
I really like your blog very interesting the post..thanks for share..Negativeange l TV Series and Movies
Dow can surge to 12000 levels before cracking down, most the stocks are looking tired, its time to be cautious on longs. please visit http://www.kalpeshmaniar.com for accurate forecasting of markets.
we need female models to work for our escort agency in Gurgaon Escorts
Well, I agree when the stocks are down it presents an opportunity to buy in preparation for the next cycle.
Stocks with good fundamentals are good buy when their prices slip below the past 2 or 3 months resistance level.
Question is how good is the global economy now, for us to be at ease that equity prices would not deteriorate further. Playing on fundamentals is good option for middle term holding.
Do you know that you can use a portion of your EPF Account 1 balance to invest in stocks? This is another channel for you to decide on your own investment portfolio for your retirement fund.
Middle term stock investment and fundamental play suits best for your retirement fund. Besides, be aware that 2 premier IPOs is coming up namely Petronas Gas and Felda GVB.
For further explanation PM me at 'jamilmasa@gmail.com'
Post a Comment