Sunday, April 17, 2011

Sarawak Election Euphoria is Over

April 16th 2011, commonly as 4/16, the Sarawak Election polling day, is now over.  Results is out and BN successfully retains its 2/3 majority.  The week before 4/16, KLSE had a choppy week, with 4 out of 5 days ended in red.  Many speculated that it is tightly linked to the Sarawak Election on 4/16.  Now that it is over and BN once again proven to be the victor, the big question in the investment community will turns to - Will we see a rally on Monday ?

Irregardless of bull or bear in tomorrow's market, we as investors, should always try to focus on investment in fundamentally strong stock.  We should avoid gambling (investment) based on rumours or election euphoria.  In fact, I tried to buy some new stocks on Thurs & Fri but failed to get any, as I see quite a number of stocks in my watchlist has fallen to my target entry price.  Let's see if I get lucky tomorrow.  All the best to investors out there.

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