bursa closed 1489 pts, yesterday...down almost 25 pts on 2nd day of huge selling...the day before...more than 900 cntrs down..yesterday also close to 900 cntrs down..huge selling everywhere...today is friday...so chances are..more down today...
wat to do? everybody is taking a tumble...i am also stuck inside...as of yesterday, my portfolio is in red..at 3% loss..a couple thousands of paper loss...sh*t does happen every now and then...
and..all of this is becoz of the conflict in the middle east...and especially after Gaddafi vowed to fight until his death...to stay in power...and refusing people's liberation in Libya...
now, there are talks of military intervention...to stabilise crude oil...which at the moment alredi risen to more than USD100 perbarrel..
i am praying that FBM stays above close support line 1495pts from today and next week...failure to do so...will see FBM sink further...with more rounds of panic selling...
Points to ponder...if results are good...and better prospects are seen in march and april...then wat is the basis of this correction?...the answer is FEAR....
people or funds holding cash right now is waiting to jump in when bursa found its bottom...as for me...i will not run....i choose to hold my portfolio since the paper loss is still contained...now, i must bear my eyes seeing red...i believe bull will come back soon...why?...bcos the market have been down for more than 1 month alredi....since 17 january 2011 until today....i still remember the bull rush in early january 2011...tat was the last bull before the current correction...
bottom line...keep faith on the upside...but watch out for the downside...anything is possible at the moment...
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