We only have three simple choices: buy - sell - or hold, yet it difficult to decide - because it needs deep analysis and broad consideration when it comes to stock market.
Should we buy ? should we sell ? should we just watch ?
you decide ! based on your risk appetite !
Condition today:
1. Oil rose up to USD 115,65 - good news for mining industry;
2. DJIA and other world indices rose 0,6% - 7,63% (shanghai -wow!!) - good news on the market sentiment.
3. All commodities i.e gold, platinum, metal also rose - good news for mining industry
4. Trading volume are still below average
The rose of indices in most of the market was benefit from a renewed rise in crude prices and bargain hunting for financial sector shares however on the contrary some bad news are announces such as Lehman Brothers tumbling 13 percent on Wall Street after JPMorgan Securities forecast that the investment bank will take a further $4 billion in writedowns tied to losses on mortgage-related investments. And Goldman Sachs slashed its earnings outlooks for five major rivals,citing mounting writedowns on mortgages, a slowdown in overall activity and legal expenses.
The hint that the condition might getting better are not yet to come but..
we have the momentum that might push the market up from the mining and agriculture sector shares that have been dominate the market for the last 2 years.
A reversal pattern are found in many stock such as UNSP, BUMI, LSIP - this stock might continue the gain.
Are you in the bet mood?
I still pick my favorite stock : BNBR; UNSP;INDF, TINS, AALI - not for long term.
I broaden my review to KLBF, AISA --> as these stock have a good fundamental, growing and for KLBF they are in a very low price.
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