Trade or fade...?

While the PM has just announced a couple of measures attract foreign investment, the impact on stock market is nothing significant to remember by....

questions is everywhere whether now is the time to buy or perhaps wait a little longer for it to consolidate.. I wish someone can tell us that but lets face it, everyone has its own goal and in stock market, the base to trading is the different perception of value among investors.

If everyone share the same opinion, who's gonna buy from or sell to you? Another way of looking at it is, under normal circumstances where do you wanna position yourself?

anyway, back on the stock market in Malaysia its pretty much sad case of lack of liquidity.... had the govenment allow investors to short the market, it would be a different scenario...based on the current situation, I would think its best to sell and re-enter again.... few stocks that is worth stalking are probably, sapcres, ijmland, e&o, leader, genting, genm, uemland, saag, sunway.

In a nut shell, what I'm betting for the next few weeks starting from today is that things are gonna head south... so be prepared.. ;)

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.