Friday, May 30, 2008

Gamuda (Is it Cheap to buy?????)

Today KLSE market had a good show. The Gamuda (leader of contruction sector) down 53 cent to RM2.45. Is it a bottom line for this share?
A lot of people ask me this question but i never say yes. In my experience, the index link counter if there is a top volume and on the same time registered lower for the day. the behind story usually bring super surprise to everyone.
My View is avoid the counter now. Immediately until the new has been announced only make decision.
It can be brought a super bad news. Careful!!!!!!!!!!!!!!!!!!!!!!!!!! It also may brings another heavy impact to the index. So, if the indicator is correct, June 2008 has a big adjustment on index link counter.
Good night.
write on 30/5/2008

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