Monday, October 10, 2011

Quick Note

Those looking to invest in stocks, think its time to consider looking at market again. Eg counters like Cosco, Indoagri, etc. Midterm trend is still down exercise caution, cut if it turns out not yet ripe for improvement in market fundamentals.

Drop by to post a quick note. It's been a really busy year with work. This year, I have move on to a new job after being with my first for around 5 years. And as many of you already know, I don't trade actively now. I outsource to a friend I trust let him manage.

He's been doing great so far.. So those of you who's looking for a good fund manager let me know. I prefer to have more personal time over having follow market closely. Alright that's all post again next time!

Updated 30th Oct:
Just a follow-up note to my buy call. Friday 28th Oct looks like a sell point to me, it could be churning distribution. Stock prices could go up much higher nobody knows for now but this is fair sell point in my opinion. Can always wait for next clear opportunity again.

Updated 5th Nov:
Stocks really dropped badly after the sell call above, erasing most of the earlier gains if one was still holding. Just a note Thursday 3rd Nov looks like a potential buy point to me, with cutloss few bids below day's low.

Updated 13th Nov:
After another round of rally, told some that 9th Nov looks like clear sell again, because there is no strength to break through overhead resistance. Market is not yet ripe to advance.

Market poo with bad news from Europe. With this flush-out, I would think a vibrant bullish backdrop next week could be a potential buy again, with cutloss few bids below last week's low.

Updated 30th Nov:
Looks like a buy today in market for next wave of stock rallies. As usual, if no strength to follow through and rally on a good technical formation that is the reason to sell.