Bursa Proves ResilientSo after one tough day, Bursa manages to go up again finishing a few points better. So what is perking it this time around? Yes, Bursa shares have gained a hefty 50 sen. I wonder who is buying it since this is more a barometer counter.
Gentings ended flat, Resorts lost 2 sen and KPS also succumbed by 2 sen. RCE looks strong picking up 2 1/2 sen. I can see strange counters moving up though.
At the current level, I believe many are leaving the stock market. Stale bulls have been quietly liquidating. The only likely players are local mutual funds who have the cash to play. Second Board players are burnt beyond recognition and MESDAQ is way out of sight!
It pays to be cautious. Have some spare cash ready. When the market goes down next, pick up some good shares just as trading buys. Look particularly at KPS, RCE, Dutch Lady and Bursa.
Quote of the Day: Heartsong
Gentings ended flat, Resorts lost 2 sen and KPS also succumbed by 2 sen. RCE looks strong picking up 2 1/2 sen. I can see strange counters moving up though.
At the current level, I believe many are leaving the stock market. Stale bulls have been quietly liquidating. The only likely players are local mutual funds who have the cash to play. Second Board players are burnt beyond recognition and MESDAQ is way out of sight!
It pays to be cautious. Have some spare cash ready. When the market goes down next, pick up some good shares just as trading buys. Look particularly at KPS, RCE, Dutch Lady and Bursa.
Quote of the Day: Heartsong
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