1. Foreign investor selling cooled off yesterday with only RM30m net selling, this is significantly lower than more than RM200m last Friday.
2. KLCI break above 1770 points yesterday while mid cap stocks are generally flattish.
3. BUY SLOWLY. Time to accumulate slowly on stocks and prepare for the next surge.
4. Concern on Fed Reserve reversing QE have been priced in into the market.
5. My view is that Ben Bernanke will "manage" his words carefully and it won't sound outright QE exit. Which means market should react positively to it after its announcement on Thursday.
This blog is related to observations regarding stocks traded in Malaysia. Disclaimer: The company analysis that appear in this blog is merely facts gathered from different sources and the author's personal view. It is not a buy or sell recommendation. The author do not guarantee the accuracy of the facts being presented. Please consult your investment advisors before acting on any information provided by the analysis above.
No comments:
Post a Comment