Tuesday, January 26, 2010
it is trading time, dude!
after a few days of heavy fall, US start to stop falling as fast. Asian markets still fall. But i decided to take a short term trading position with Supermax 7106. Buy in at RM5.06. It has since dropped RM1 + in 2 weeks. Business is still healthy and given long term wise should be still ok to have it. At current price, PE should be around 11.6 niah. It might still be a falling knife position but one never knows the exact bottom, i think at current the calculated risk is fair to go in.
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