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.
Thursday, February 11, 2010
DJ MARKET TALK: Fajar Baru Likely Higher, Lands MYR69.9M Contract
0015 GMT [Dow Jones] Fajar Baru (7047.KU) likely higher, may test recent high of MYR1.16, says dealer with local brokerage; this, after unit Fajar Baru Builder lands MYR69.9 million contract to undertake civil works for aquaculture farm in Terengganu; says contract will take 12 months to complete. "The contract accounts for about 15% of the total orderbook and should enhance bottomline as gross margins are higher than other contracts," says dealer; estimates contract could contribute close to MYR7 million gross profit for fiscal years ending June 2010, June 2011. (ECH)
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