AMMB 3Q2010 Net Profit Grew 12% q-o-q to RM268m,

AMMB is a high beta banking stock and a good proxy for the Malaysian capital markets, before the report roll out AMMB share price drop at high RM 5.30 to RM 4.50 since begin of the month of Feb. I think the fund manager is making a panic sale down on AMMB share to accumulative. Now the report result is out so I think the price may go up back to RM5.00 before any profit taking by fund manager. During the panic selling I had keep some AMMB-CG so now is the time to take profit.

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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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