To invest only if you would be comfortable owning a stock even if you had no way of knowing its daily share price. - Benjamin Graham

Tuesday, May 31, 2011

TENAGA: Did you buy today?

If you buy Tenaga today following the tariff hike news, and you happened to buy at RM7.10~RM7.20. Good luck!

Let's look at the history. On 5th June 2008, tariff hike announcement was made. On that day Tenaga was suspended from trading. On the 6th June 2008, it closed 23.8% higher. Since then, it's been going side way.

News on the 5th June 2008:

After the professional money had done distributing, Tenaga begun to slide. Look at the chart below.

Today's news:

Today's chart:

Do you see any similarity? I have sold my Tenaga... because I trade in harmony with the Smart Money!

No comments:

Post a Comment