20100929 Some 30 min charts of selected stellar stocks.
UEMLand is a standout. I remember in March 2009, a trader friend insisted that this was the stock to be in for the next bull market. We had the same opinion on the bullish stock market to come. Hence he bought a large position in the stock, I think at just below RM1.00. Along the way up he would sell at various levels eg 1.20 1.40 1.60 1.80 but as the price get higher he would buy back the positions he sold at higher prices, until eventually the position became zero in a catastrophic panic sell at around 1.60.... This is an example that parralel's Jesse Livermore's situation, Livermore learnt from his mistake and how he failed to see the wood for the trees... If one is bullish on the stockmarket, it is best to hold and be the sitting bull for the long haul. But remember the value investing principles "Buy when people are fearful and sell when they are greedy" "when you buy a stock, expect it to either go up 50% or drop 33%"
Labels: fkli, index futures, KLCI, stocks
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