20100728 Robust IPO debut market for Ivory Properties.... Market bull is in place it seems.
30 min FKLI futures retraces into the moving averages. Settlement looms, so might be range bound?
Chasing the market.... using borrowed money. All the tenets and principles of good investing thrown out the window by Khazanah. What sort of rationale justifies chasing an ever higher purchase price? In the end interest expense will kill any potential good returns.
Labels: fkli, index futures, KLCI, stocks
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