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2009-08-18

KNM Drop Below RM0.80
























Now the bad news is rolling out in the market but still did not know how long market will view on it and how the affected will be on the market. Yesterday a big drop across the Asia region market have made us think it is a small correction or big resilient after a big bound up on the recovery since month of April 2009.

Along with the drop KNM hits below RM0.80 close at RM0.75 with the money is flowing out from it since 26 June 2009 base on the chart. The major support line will be at RM0.70 and any drop below it will be a good buy for me.

End of last week, we still hear report from Business program from TV that this week the FBM-KLCI will move up try to broken 1,200 point and now we see how true the news is and what the big fund manager want retail investor to think by buy in for they to sale out or they want retail investor to sale in panic they buy in with low price.

2 comments:

Elvis2020 August 18, 2009 at 6:46 PM  

Aiyah, i should have bought KNM around 0.75 cents today. I believe fundamentals are strong enough to weather for now so the game of greed and fear will come to play. Furthermore markets are overbought so this 2 days sharp showdown most probable will be a trend in long upward movement. BUY ON DIPS.....

Durian Edge August 19, 2009 at 7:16 AM  

I also think that the KNM fundamentals is strong and buy on dips is a good move.

Just buy in some at RM0.75

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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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