Millionaire Trend Trader: FBM KLCI - higher on last minute buying

Thursday, February 20, 2014

FBM KLCI - higher on last minute buying

Stocks on Bursa Malaysia closed higher yesterday, supported by gains in plantation counters. The benchmark FBMKLCI which was hovering in the negative territory for most part of the day was lifted by last minute buying in plantation counters in response to palm oil prices which have been rising over the last two weeks. At close, the FBMKLCI rose 4.21 points or 0.23% to 1,829.45, after moving between 1,820.59 and 1,828.29.45 throughout the day. Gainers outnumbered losers by 509 to 344, while 304 counters were unchanged. Volume rose to 3.28 billion shares worth RM2.39 billion from the 2.86 billion shares worth RM2.3 billion on Tuesday. ...Read more>>

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Analysts have always been overly optimistic.
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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

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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

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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

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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

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Thursday, February 20, 2014

FBM KLCI - higher on last minute buying

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