Had a good look at the leaders board today.... didn't like what I saw. The market leaders were filled with failed, failing, falling, finished, flatulating... companies... This is a pretty bad sign that the market will correct a bit when these derelicts come out to play.
The Iffy Ones: Iris, Scomi
The WTF Ones: Patimas, Tejari, PDZ, Mobif
The "I Can't Believe We Are In The Top Volume Page" Ones: PJ Bumi, Keladi
When you have friends like these, it tells you a lot about the state of the market. Its tired, the good operators have gone to take a rest. Take profit and await to re-enter, but in good trading counters, not the ones I just mentioned above.
p/s photos: Keiko Kitagawa
10 comments:
All the top volume stocks are below RM1. Well, who would love to trade penny stocks, especially those below 20sen!! These investors certainly never learn from their past mistakes.
the worst is aint over here.
btw, something missing from ur article today.
Dear Dali
How come I do not see you in THE STAR anymore?
And, how did you hone your writing skills? Practice, practice, practice since young age?
Regards
S. Radhakrishnan
By the way our KLSE seems to have rebounded with vengeance, erasing yesterday's 10-pt drop
Perhaps the tug of war between the bulls and the bears will continue in favor of the bulls (but lacking in energy)
Sincerely
S. Radhakrishnan
What does WTF stands for?
'What the f-c-?
Regards
Radha
Dali,
What's your opinion on IJMLAND?
Could you be bother to look at the market for the next few weeks then? Or should we interpret that quality stock will be in limelight rather than the penny stocks.
I reckoned the plantation stocks. Any hints other than TH Plantation? Where is the Dato, have not seen his comments lately. Or smallish construction stocks like Fajar.
Lets just wait and see how the stock market moves..
What about those mentioned by you in your early post. TA-WB, Affin-WC, TA, Affin, OSK, HWDS etc. There're also subjected to heavy sell down today. Kindly provide your update view, if there is any.
What do you think of IOI Corp? Latest results show writedown on unrealised forex losses on USD loan. This is expected to reverse with the weakened USD and they bought the remaining IOI Prop shares on the cheap.
Your categarisation of the top volume stocks is spot on.
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