Monday, September 17, 2007

Bursa TIps Updated range on 10.38 AM

WELLi 1.06-1.11-1.16

Inti 0.74-0.77-0.8-0.83

Posted by CsLee at 10:38 AM

4 comments:

Anonymous said...

hi cslee, how do u view the market for this week? is it going to be volatile and keep dropping?

September 17, 2007 at 3:16 PM
CsLee said...

hi,

THis week market trend I guess could be playing wide range as last week. The trend strongly depends on the oil price, US Dow Jones. Internal has no more good news after Budget 2008 (no excitment), johor tebrau project, northern corridor, penang project. The only news might be helpful is coming election. Overall, the down trend is formed with drastic drop in volume. The best way is to stay away and wait for external good news from US, China and Hong Kong. If we go in now, most probably will be trapped at high price.

September 17, 2007 at 4:15 PM
Anonymous said...

all the share prices are dropping drasticly, what is ur comment for those who already have shares on hand? cut loss now, or hold and wait? thx...

September 17, 2007 at 4:26 PM
CsLee said...

This is very subjective question. If from techical perspective, sure I will say cut loss when it drop below support level.Technical strategy won't suggest hold the counter for too long.Risk is proprotional with time for techical investor. Cut loss to protect the capital is most important because when the market is bullish again, you have the bullet to go in market to cover previous loss. If the counter is strong in term of fundamental, then can consider keep it and apply dollar cost averagin technique. When the price is drop to support leve, try to minitor see whether it is supported or not. If the price is supported, double your initial capital on that counter. When the counter rebound a bit, then you can come out already. :)

September 17, 2007 at 4:48 PM

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