Tuesday, May 25, 2010

My market sixth sense prevented me from buying stocks on Monday...

...and how fortuituously so!

The stockmarket index did not even open in the green & proceeded to weaken gradually throughout that day.

Today, the weakness broke open from the get go and the fear that spread through Asian markets amidst the North-South Korean tensions weakened the M'sian markets considerably.

I tiptoed into the market nonetheless today, sensing that perhaps a sharp rebound is nearby, buying small lots of IRCB and MPI(which happened to declare the anticipated $100 dividend after the market close).

We'll see how the US market fares tonight.

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