Millionaire Trend Trader: September 2012

Friday, September 28, 2012

FBM KLCI - higher on follow through buying

Stocks on Bursa Malaysia closed higher yesterday in tandem with the advances in Asian markets driven by expectations of more measures by policymakers in China to boost flagging growth in the world’s second largest economy. The FBM KLCI gained 8.54 points or 0.53% to 1,627.84 after opening 1.8 points higher at 1,621.10, fueled by buying in selected heavyweights. Gainers led losers by 363 to 303, with 322 counters unchanged. Turnover decreased to 731.340 million shares worth RM1.384 billion from 889.356 million shares worth RM1.448 billion on Wednesday. ...Read more>>

Thursday, September 27, 2012

FBM KLCI - marginally higher

Stocks on Bursa Malaysia closed mostly lower yesterday in tandem with losses on regional markets burdened by concerns over the Euro-zone debt crisis, as well as doubts that stimulus initiatives by policymakers worldwide was enough to spur growth, and investor sentiment on global markets was also dampened by the weak business confidence in Germany. The FBM KLCI, however, gained 0.72 of a point to 1,619.30 after touching an intra-day low of 1,612.78, driven by recovery in share prices of selected heavyweights. Decliners beat gainers by 374 to 283 with 342 counters unchanged. Turnover decreased to 889.356 million shares worth RM1.448 billion from the 989.375 million shares worth RM1.471 billion on Tuesday. ...Read more>>

Wednesday, September 26, 2012

FBM KLCI - a technical rebound

Stocks on Bursa Malaysia closed mostly higher yesterday, driven by gains in selected heavyweights as the market recouped some of its earlier losses. Despite the lingering European debt crisis, stimulus initiatives undertaken by central banks of major economies gave hope for a market rebound in global markets. The FBM KLCI closed 6.20 points or 0.38% higher at 1,618.58 after hitting an intra-day low of 1,603.09. Gainers beat losers by 331 to 329 while 342 counters were unchanged. Turnover surged to 989.375 million shares worth RM1.471 billion from 827.15 million shares worth RM1.351 billion registered on Monday. ...Read more>>

Tuesday, September 25, 2012

FBM KLCI - the bear has surfaced

Stocks on Bursa Malaysia closed lower yesterday in line with weaknesses on regional markets plagued by fears of slowing global economic growth and amid the ongoing euro zone debt crisis. Investors were also adopting a cautious “wait-and-see” attitude ahead of the tabling of next year’s budget on Friday. The FBM KLCI lost 11.32 points or 0.7% to 1,612.38 after opening 9.35 points lower at 1,614.35. Losers led gainers by 571 to 183 while 302 counters were unchanged. Turnover decreased to 827.15 million shares worth RM1.351 billion from last Friday's 1.075 billion shares worth RM1.911 billion. ...Read more>>

Monday, September 24, 2012

FBM KLCI - likely to be range-bound with a bearish bias

Stocks on Bursa Malaysia ended last Friday slightly lower on uncertain global economic sentiment, despite positive regional markets. The FBM KLCI ended 1.89 points or 0.12% lower at 1,623.7 after hovering between 1,619.08 and 1,633.65, while on a weekly basis, the benchmark index lost 19.25 points from 1,642.95. Losers led gainers by 350 to 337 while 366 counters were unchanged. Total turnover was higher at 1.08 billion shares worth RM1.91 billion from 899.29 million shares valued at RM1.46 billion on Thursday. Weekly volume fell to 3.85 billion shares, valued at RM6.99 billion, from previous week's 4.73 billion shares, valued at RM8.52 billion. ...Read more>>

Friday, September 21, 2012

FBM KLCI - down on heavy profit-taking

Stocks on Bursa Malaysia ended yesterday on an easier note on profit-taking activities after the recent market rally, moving in line with the weaker regional sentiment as Asian bourses were affected by the weak China purchasing managers’ index (PMI) number released yesterday. The FBM KLCI ended 20.52 points or 1.25% lower at 1,625.59 after hovering between 1,620.68 and 1,640.29. Losers led gainers by more than double at 551 to 184 while 312 counters were unchanged. Total turnover was lower at 899.29 million shares worth RM1.46 billion from Wednesday's 1.03 billion shares valued at RM1.74 billion. ... Read more

What's happening now is that the market remains trading at very thin volumes and that can affect prices, even when just a handful of shares are traded. The decision of any fund to pull out from certain stock hits the price. - Carlos Slim

You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets. - Peter Lynch

Vision is perhaps our greatest strength.. it has kept us alive to the power and continuity of thought through the centuries, it makes us peer into the future and lends shape to the unknown.
- Li Ka Shing

Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised. - Warren Buffet

Learning is a never ending journey in the stock market. The very moment you think you have learned enough, you'll fall. - Harrison Ho

When people are frightened, they cut their time horizon dramatically, even advisors will say to sell because they see portfolios crumble and they fear people will have nothing left. It's really not rational, but it does happen. - David Dreman

I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading 'Now is the time to buy.' - Peter Lynch

A military operation involves deception. Even though you are competent, appear to be incompetent. Though effective, appear to be ineffective. - Sun-tzu

Financial markets are supposed to swing like a pendulum: They may fluctuate wildly in response to exogenous shocks, but eventually they are supposed to come to rest at an equilibrium point. - George Soros

If you don't change, reality in the end forces that change upon you. - Stuart Wilde

The investor of today does not profit from yesterday's growth. - Warren Buffet

Analysts have always been overly optimistic.
- David Dreman

We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten. Don't let yourself be lulled into inaction. - Bill Gates

A corporation's primary goal is to make money. Government's primary role is to take a big chunk of that money and give it to others. - Larry Ellison

If you believe that some day it's going to happen, some day it probably will happen. You just have to make sure you're there when it's happening, and ideally you're at the front of the parade, and the principle beneficiary of when it happens, but it's not a kind of thing where you just sort of sit back and wait. - Steve Case

I try to learn from the past, but I plan for the future by focusing exclusively on the present. That's where the fun is. - Donald Trump

The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances. - Alan Greenspan

The world is changing very fast. Big will not beat small anymore. It will be the fast beating the slow. - Rupert Murdoch

The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you can familiarize yourself with the actions of the past, you will be able to anticipate and act correctly and profitably upon forthcoming movements. - Jesse Livermore

In the business world, the rearview mirror is always clearer than the windshield. - Warren Buffett

Be extremely subtle, even to the point of formlessness. Be extremely mysterious, even to the point of soundlessness. Thereby you can be the director of the opponent's fate. - Sun-tzu

Look at market fluctuations as your friend rather than your enemy.. profit from folly rather than participate in it. - Warren Buffett

I hate weekends because there is no stock market. - Rene Rivkin

Before this century is over, the Dow Jones Industrial Average will probably be over one million versus around 10,000 now. So for the long-term, the outlook is tremendously bullish if you buy stocks blindly to keep for a century. - John Templeton

A brand for a company is like a reputation for a person. You earn reputation by trying to do hard things well. - Jeff Bezos

Making good decisions is a crucial skill at every level. - Peter Drucker

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful. - Warren Buffett

The individual investor should act consistently as an investor and not as a speculator. This means.. that he should be able to justify every purchase he makes and each price he pays by impersonal, objective reasoning that satisfies him that he is getting more than his money's worth for his purchase. - Benjamin Graham

In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten. - Peter Lynch

The financial markets generally are unpredictable. So that one has to have different scenarios.. The idea that you can actually predict what's going to happen contradicts my way of looking at the market. - George Soros

Our favourite holding period is forever. - Warren Buffet

If you buy all the stocks selling at or below two times earnings, you will lose money on half of them because instead of making profits they will actually lose money, but you will only lose a dollar or so a share at most. Then others will be mediocre performers. But the remaining big winners will go up and produce fabulous results and also ensure a good overall result. - John Templeton

When I'm bearish and I sell a stock, each sale must be at a lower level than the previous sale. When I am buying, the reverse is true. I must buy on a rising scale. I don't buy long stocks on a scale down, I buy on a scale up. - Jesse Livermore

I've learned that mistakes can often be as good a teacher as success. - Jack Welch

Well, you know, I was a human being before I became a businessman. - George Soros

Checking the results of a decision against its expectations shows executives what their strengths are, where they need to improve, and where they lack knowledge or information. - Peter Drucker

The market does not beat them. They beat themselves, because though they have brains they cannot sit tight. - Jesse Livermore

Wide diversification is only required when investors do not understand what they are doing. - Warren Buffett

Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception. - George Soros

Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tendency of most people to speculate or gamble... to give way to hope, fear and greed. - Benjamin Graham

The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you can familiarize yourself with the actions of the past, you will be able to anticipate and act correctly and profitably upon forthcoming movements. - Jesse Livermore

I think you have to learn that there's a company behind every stock, and that there's only one real reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies. - Peter Lynch

Before you can really start setting financial goals, you need to determine where you stand financially. - David Bach

The average man doesnâ€™t wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesnâ€™t even wish to have to think. - Jesse Livermore

Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years. - Warren Buffett

Suppliers and especially manufacturers have market power because they have information about a product or a service that the customer does not and cannot have, and does not need if he can trust the brand. This explains the profitability of brands. - Peter Drucker

The key to making money in stocks is not to get scared out of them. - Peter Lynch

I never hesitate to tell a man that I am bullish or bearish. But I do not tell people to buy or sell any particular stock. In a bear market all stocks go down and in a bull market they go up. - Jesse Livermore

Millionaire Trend Trader

"T+10 interest FREE margin trading account"