Wednesday, March 28, 2007

KLSE craze

Lately there has been a lot of craze at the KLSE.
Everybody seems to have a stock tip and everybody seems to think that their stocks will be rising soon.

I have previously traded about 7 years ago and did not make much money simply because I believed what the tip of the day was. About 6 months ago, I started to trade again, this time with a little wisdom ... although I cannot say that I have made a lot of money.

Nowadays, I log into the computer every morning and the Bursa website comes on. Somehow seeing all the little red/ green/ yellow numbers excite me. At night (like now), I will be reading up on press releases which the companies release and see if I can understand what the news means and how it will impact on the share price.

I am no wizard in this and so hard work is needed to understand the mechanics of the market. My bro introduced me to some books to read up as a means to get started in understanding the market. I must say that it is not easy at all. Most of the time I just read on even though I do not fully understand the entire chapter. I guess that is why people who are really good at picking stocks are paid so well - it is tough!!!

Anyway, I have finished my scrolling for the day and I will hit the sack now.

Here's wishing that the KLSE will have another bull run tomorrow.


KenSan said...

hmmm buying and selling shares huh... good.. i think u shud look at prestar-wa. I heard it has potential to go up to 80cents!

good luck in ur investment.. oh btw becareful... heard that malaysia's 10 years cycle is comin soon.

Busy Bee said...

Hi Kensan, thanks for dropping by.

As it is now, I am over exposed on equities ... maybe will take a breather .... Darn, KLCI dropped 4 points this morning!