I have been terribly quiet on stocks specifics for the past couple of months. As mentioned the 2Q is always more down trending than otherwise, pays to stay out. The real reason being many will be itching to close their books early for the half year, especially if they had a great 1Q already to lock in gains and go away.
If you have read my strategy for 2H 2010, I am quite positive on equity. I can see funds starting to reload their guns, taking new positions. for the 2H.
Looking at the Malaysian market, good stocks are being bought up liberally over the past two weeks already. One can sense the pick up in volume and price breakout movements. Note the charts for the following good stocks:
London Biscuit
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Oriental Food Industries
QL Resources
Evergreen
Freight Management
All the stocks above are good stocks which I have written on time and again. When activity picks up on stocks with dubious fundamentals, its highly speculative. When activity picks up on good stocks, its an indication of genuine long term funds inflow which should point towards a sustained run soon.
Another very cheap stock which I have been ignoring, yes its one of the China footwear maker, but its looking highly interesting:
Xinquan
NOTE: The above opinion is not an invitation to buy or sell. It serves as a blogging activity of my investing thoughts and ideas, this does not represent an investment advisory service as I charge no subscription or management fees (donations are welcomed though). The content on this site is provided as general information only and should not be taken as investment advice. All site content, shall not be construed as a recommendation to buy or sell any security or financial instrument. The ideas expressed are solely the opinions of the author. Any action that you take as a result of information, analysis, or commentary on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.
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