Friday, August 07, 2015
SELL DOWN in KLSE
KLCI having a free-fall ... after lost 30points yesterday ... another selldown of 16points at the moment. If we failed to sell, we have to WAIT to average down?
If we managed to sell 2-3 days ago ... great. Do remember the Monday last minute hike-up by few stocks such as Maxis, Axiata and UMW (up 7% each leh, last minute). So ... now, all diving ... Tenaga, Digi, Maxis pulled KLCI down yesterday ... today?
1 USD = MYR 3.90
So ... no upside much for KLCI, right?
KEEP CASH is a good strategy.