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.
Wednesday, January 20, 2010
EON Capital May Rise;Seeks Approval For Asset Sale
0012 GMT [Dow Jones] EON Capital (5266.KU) may rise to test December's peak of MYR7.10, after financial group says seeking Bank Nagara to commence asset sale talks with third parties," says dealer with local brokerage. "The statement suggests that EON is leaving its door open and won't be talking to Hong Leong Bank alone," says dealer; adds this may trigger chatter of counter bid, which should fuel interest in stock. Hong Leong Bank had earlier been given central bank nod to start talks with certain shareholders of EON Capital on possible stake buy. Stock ended +0.9% at MYR7.01 yesterday. (ECH)
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