The Bull is Back!

As opposed to my yesterday's post, KLSE is back on business. There is a rally towards the last section of KLSE and also in the US stock market.

Added 3000 shares of XinQuan yesterday @1.21.  (Sorry no screenshot, will take a digital photo once I get the physical statement)

UPDATE: Scanned statement. Better than screenshot.

The senseless bull is back. This is a common sign before CNY. Experienced traders know that if such surge continues for certain period of time, aunties and uncles in the "pasar" and "kopithiam" will start talking about share market and trading hall in the investment bank will be full of people just like the turf club. That's the time, experienced traders start selling at a good price waiting for a one-day sharp drop. Since it is just the beginning of a hot pre-CNY traditional hype market, it's still safe to make some quick cash. But one should know this rally won't last. It's just a tradition.

Just need to watch out for potential bubbles: Dubai, Chinese property market, etc. Any of those time bombs set off, there will be a sharp one-day correction like it always comes. That is also a buying opportunity. But don't buy too much as the correction may come again a few days later like in CNY 2007.

Economy is slow and world markets are not as slow. What do you expect?