Monday, February 25, 2008
12:53 pm - This is not a time to buy Gamuda yet !
The conditions looks like Transmile and I want to wait for confirmation yet. Buying Gamuda just because it is cheap is like catching a falling knife. Wait for some kind of support first or COG before committing to Gamuda.
10:43 am - FCPO has cracked above RM3,800 and moving higher.
Only the plantation counters like IOI Corp (+0.25), KLK (+0.30) are moving higher.
10:21 am - KNM is moving lower !
Unless there is COG, there is no change for a reversal for KNM to go upside.
10:00 am - All the bad news is out. Look at the Edge financial newspaper.
They are reporting global recession and how's it affecting M'sia.
A good clue is that if the FKLI market is NOT falling but moving sideway, many professionals maybe accumulating.
9:36 am - FKLI is holding its position.
MACD is about to cross up to go LONG. Most likely we wud long at 1375.5/1376 but we have to wait and see !
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