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.

• 1 Comment

Yeah… Stock had a correction finally on 15 June 2009. It had been rallied since 12 March 2009. That’s 4 month of rally. A bit short than I thought. Based on research firms, the previous rally after stock big fall will last for 4 to 6 months. It ended at 4th month. Will it re-bounce and continue rally again?

Rally from 12 March to 15 June 2009

I always ask this question to myself, “Should I enter stock market now?” There is lot of answers. Some will tell you to buy when low. Some said you can enter market anytime as long as you think the stock worth the price. Keep the stock for long term like 5 to 10 years. No worry when to go in. Average the stock price by buying several times at different price that you think is right.

Oh no… I really need to study more in order to success in stock market. Time to study again…

• 3 Comments

Plantation stocks had been rated as underweight by OSK Research and Maybank Investment Bank. I just planned to buy more plantation stocks. And they said better start to sell now. They revised lots of plantation stocks target price including the one that I bought lately ~ IOICORP.

Based on the research, CPO price to correct in 2H09. I believe that because CPO price had been gone up too far lately. It is time to slow down and drop little bit. Drop to RM2,000 per ton? By the way, I just know that soybean is the competitor to palm oil. They use it as cooking oil?

• 2 Comments

DIALOG 7277 (DIALOG GROUP BHD) is not a new stock for me. I bought it last few years when the price was more than RM1.80. It was priced at RM1.17 on 11 May 2009. The price had gone up from RM0.78 on 13 March 2009 ~ that’s 50% increase in 2 months. Can the price still go up?

Up… Up… Up…

DIALOG has a good financial record. From 2004 until now, all financial year records are in green. Better and better each year. However, its price had been up and down for the past few years.

Let’s look at oil & gas sector. With crude oil price going up trend lately, stocks in oil & gas sector will be benefit from it. The question is how much? What is the target price that you set for DIALOG?

• 0 Comments