Being in the market at all times is not the key to profits. Being in the market when there is a clear, unconfused technical signal during a strong market, and the trader's judgment is not swayed by emotion, is a method for trading success. No matter how good the fundamentals and technicals are, stocks will have a high risk of failure during weak markets.
Monday, January 18, 2010
Affin Holdings (5185.KU) may rise
Affin Holdings (5185.KU) may rise to psychological MYR2.50 vs Friday's close at MYR2.47 (down 1.2%), says dealer; this after owner of Malaysia's second smallest bank says received Bank Negara approval to start talks with shareholders of PT Bank Ina Perdana about acquiring controlling stake in Indonesian lender. Company says Indonesia chosen as group's first overseas venture as "banking penetration remains low." Dealer says although talks haven't started yet, investors will be encouraged that Affin is venturing beyond Malaysia to countries where higher growth can be attained. "Bank Ina Perdana is not a large bank but it has a good niche business and will provide the platform for the group to grow its Indonesian operations if the talks are successful," dealer adds.(KPL)
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