Bursa Market View

BURSA
- Penny stocks trend extends to technology stocks/red chips, no sign of giving up.
- Bluechips reluctant to fall below current level.
- Overall sentiment improving, more quarter results releasing next week.

DOW JONES closed above 10,000 pts
CHINA's revised GDP signals for further upside.

It was a exciting week for BURSA. Good and bad news were released and flooded the markets every alternate day. Markets reacted like a "tail chaser dog", chasing the directions without any destinations. At the end of the week, investors rather chose a "smarter way" by simply putting the drama aside. Then, come along more retail investors to join the game of penny stocks.

The sentiment is now improved, and there might be another rally led by the techonology stocks and red chips(i.e. HUAAN might go back to the black after 3 consecutive quarters of negative). Unclepicks is considering to increase his stocks holding to ~30%

Though unclepicks does not really like the penny stock led rally, as these stocks are highly speculated, and far from fundamental ground (not sustainable), this does not mean don't buy! Unclepicks is always the same; pick the gems, buy little at one time and control your holding of stocks! Remember, you gotta follow the market, you are not the boss.

Play safe @ Control your greed @ Manage your fear.