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2008-11-22

KNM is likely to go sideway


On 21 Nov 2008 KNM share price had drop into buy in zone. I just manage to sold my share on 21 Nov 2008 at RM 0.59 to take some profit in day trend.

Now KNM may move sideway between RM 0.50 to RM 0.70, any price fall below RM 0.60 is a buying zone and above RM 0.60 is selling zone I think.

They are some logic reason don't keep KNM share right now. KNM is a good profit making company but the share now did not go along with the company profit profile due to market unstable market and forgern fund is rushing out from KNM to help thier own country.

All the 35% forgern fund in KNM can't just sold out, they need to pull down share to buy some and sale more share in hand when price is high. Due to this reason KNM share price will no go vary down and no too high. As a small invester like me, just hope to follow the way to make some profit.

Happy holidays in weekend.

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My investment with RM5,000 initial capital have been growing since 2005.I found the stock market appears confusing and complicated, but it is most definitely based on logic "supply and demand". However, the laws of supply and demand as observed in the markets do not behave as one would expect. To be an effective trader, there is a great need to understand how supply and demand can be interpreted under different market conditions and how to take advantage of this Off Market Transactions in KLSE.

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