Wednesday, April 7, 2010

Squeezing the Orange

Bursa is being squeezed for the last drip of orange juice. One can see the low PEs counters were being rotationally pushed up to reach the PE level they deserve. For example, MPHB, FAVCO, ANALAB, KFIMA, etc. These are the counters I like due to their low PEs. Unfortunately, due to hectic schedule, no buying was done previously.

This is very obvious that the market is looking for catalysts to buy in more stocks. As predicted, some try to push up rubber stocks in some forums due to re-emergence of H1N1 in Malaysia. Such act is immature but also anticipated. Shouldn't we care more about our hygeine than speculating on the glove usage? In fact, glove and H1N1 are not related. Public don't use glove to prevent themselves from H1N1. They use masks instead.

Hi! H1N1! You are not welcome back. Please leave as soon as you can.

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