We are buying as market over sold

As KLCI in a short term correction mode.  There are stocks that beaten down a lot possibly due to fear of retail investor.  Many 2nd liners or grow stocks has started to show value.  

We bought MNRB at RM 4.250, Lonbisc at RM 0.715, Success at RM 1.700, TA at RM 0.870.  We will gradually nibbling for our top picks as long as value emerge no matter what is the sentiment of KLCI.

We have shorted KLCI at 1835 and covered back at 1822.5.  We longed back at 1822.5 and possibly cover back before end of the day.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Blog at WordPress.com.

Up ↑

%d bloggers like this: