What's the status.......?

Are we seeing a correction today?, certainly yes, from my perspective. Lack of news and direction forces investors to dump shares and lock in profits from recent run up. Well, from the data it seems both retailers and institutional investors are equally caught in the run up from ringgit standpoint.

Anyway, its better for the CI to take a break and build a new base before heading to the next level....

100-250% gain since end of last year is too much to keep as paper value and really its nothing to be surprised of that the CI retreated... traders need a break too.... well, get your profit and go for a vacation locally(keep your cash in the local market.. :))....+ there's H1N1 risks to board a plane...

so sit back reposition your portfolio and reidentify your targets for next phase of bull run.

Note:

Whether its bull or bear it all goes back to investor themselves that is their believe in the market value. It doesn't matter what you (as an individual) believe, its what the majority of the people out there believe that matters.... afterall, we just wanted to be on the right side at the right time.

SAAG

One of my favourite...SAAG remains relatively attractive given its price and business nature....

cheap and remains a good buy for a return of at least 12% from my forecast in the next 9 months....

Another property stock I have to mention here is E&O since I personally owns this stock for a while now...and a couple of my friends are questioning why I don't talk about it..... well, we just can't have it all.... however, since they wants some comments, here goes....

I believe this stock is set to rise again to challenge its recent high of RM0.93 in a short run .... this is pure from trading standpoint the chart trend remains well supported at RM0.75 ... so I am of the opinion, the stock will challenge the RM1 mark in a quarter or two.... while some may think its conflict of interest for me to comment on E&O, and I normally don't comment on counters that I just bought.... because I have been accumulating E&O for a while now, that's why I don't wanna talk about it.

Anyway, feel free to comment.... afterall, you get to see it for yourself whether the claims I made here are true or not....