Posted by Jayce Ooi as Stock
Yup. You did not see it wrong. I decided to keep Intel Corporation stock (INTC) which is NASDAQ. I planed to sell it after the price when up from $16.51 on 14 July 2009 to $18.90 on 20 July 2009. That’s 14.5% increases in 5 days. Woo… Wait the minute… It is 14.5% in 5 days? And I still don’t want to sell it. Am I crazy?
Hahaha… I canceled my sell target price at $18.88 that I set in early morning. Why? This is the stock that given by company. I don’t have US stock account yet. Therefore, I cannot buy/sell the stock directly. Else I will definitely sell it now and buy back later.
Can Intel Corporation stock (INTC) gain more than 10% in 1 year? YES. I can assure that it will go pass $20.00 next year. So I decided to keep it at the end. Besides, I did not need to use that money. Why bother to sell?
My target price for INTC == $22.00
I was wondering about the direction of stock market last month. I bought a defensive stock to keep as the market is not clear that time. However, everybody like the earning report from big US company like Intel and Goldman Sachs. They did well in last quarter. Intel share price gained more than 5% after earning announced. Same go to the 3 big indexes – Dow, NASDAQ and S&P, up more than 3%.
FBM KLCI 5 years record
FBM KLCI re-bounced at March 2009. It is a big re-bounced. Can it continue to the rally? It is Q2 earning report season. And most of the companies performed well. So the stock will go up, right? In my opinion, YES!!! The stock market should be going up for the next few weeks. Anyway, I am not going to buy any stock now. But looking for the timing to sell some of my ‘goreng’ stocks.
Stock market — Down == buy, Up == sell.
All the Asia stock markets stumbled on 14 May 2009 after US stock market DOW, NASDAQ and S&P dropped around 2-3%. Most of them dropped 2-3% too. Only China and Malaysia KLCI dropped around 1%. Is Malaysia stock market better than others? I don’t think so. Most of the high volume stocks do not reflex the real value with the current market ~ overprice already. Anyway… There are lots of people like to ‘play’. So let’s the games continue…
Asia stock markets stumbled
On the time that I wrote this, US stock market already turn green after the 1st hour trade. Will it stay in green for the rest of the day? For me, I wish it will continue to drop because I did not enter market on 14 May 2009.