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.
Friday, January 15, 2010
Dayang
Dayang (5141.KU) off 1.0% at MYR1.99; dealer says share price of oil, gas support firm may rebound, rise to MYR2.07 (Thursday's high) in next few days after company says in midday stock exchange filing entered into 50:50 JV with Brunei firm Alphaone Engineering to cooperate in preparing technical, commercial proposals for oil, gas projects in Brunei. "This joint venture provides an opportunity for Dayang to venture into the overseas market in its effort to reinforce its competitive edge in the Oil and Gas industry," it says; adds, likely to contribute positively to future earnings. Dealer says given Dayang's experience, expertise in supporting Petronas, oil majors in East Malaysia Sarawak state; "chances of them winning jobs in Brunei are quite high." Adds, company will likely also benefit from Malaysia government's renewed focus on energy projects in East Malaysia. (KPL)
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