Thursday, September 18, 2008

D-Day for KLSE as 1000 points looming

Normally when you see the header of this post, the first thing that comes to your mind will be that the thoughts that KLSE will hit 1000 points and go beyond this critical checkpoint. However as much as I hoped for, this will not be the case !!! In fact it's on the opposite direction :(

When the KLSE market closed yesterday, it slumped another 9+ points to settled at 1002.99, the lowest ever in recent times. If you look at the trading hall screen, you will see all red signs and blue chips as well as other big play makers are all at trading loses.

My friend who I treated as my siffu in share trading keeps on saying that it's a very good time to prepare the cash and buy. I must agreed that there are many tempting share out there now trading at very low prices such as Genting and Public Bank. Deutsche Bank recent report predicted that KLSE will hit the target of 975 points, coupled with yesterday's Dow Jones fell another 450+ points, our market today sure will fall further. Therefore, personally for me it's still not the right time just yet to enter the market as it will further slides to hit 1000 points and fall below it. That is remains to be seen, but one thing for sure, the market is going to be tough as long as our political drama stays on...

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