Now Is The Time To Buy In some Good Share
Due to bad news roll out from US and China, share around the world drop. FBM KLCI drop below 1,300 but still hold on 1st support line. For me the news roll out is to cause some panic for fund manager to buy back some share in lower price from retail investor. This week is the best time to cause panic is due to retail investor may likely need to cash out their profit for Chinese News Year at mid of Feb 2010 so by causing this panic more retail investor will sale they share with less profit or no profit at all.
The policy make by US and China is a man make news and pick last week to roll it out into market to cause panic or make the market lower for retail investor to sale and for fund manager to pick good low price share. So we also not miss the bot! For me this week is a good time to pick some good share like Axiata and AMMB due to both share financial result will be out on Feb 2010.
Base on the chart, for FBM KLCI to go higher sure the index need to drop 1st so the best way to do it is cause some panic.
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