Stitch, my apologies. I was trying to make a funny. I do think in the last four trading days, the Malaysian market is up about 60-70%, which is for real, but I have serious doubts the market will keep those gains. Call the recent move a dead-cat bounce, whatever. Basically, I think the market is moving on technical terms, not on fundamental valuations. Which means that someone is making money, or trying to lose less than they would have otherwise. But it's not you or me, or anyone on our level, who is controlling the current price move.
(I don't think I'm being paranoid with this viewpoint. But I've seen similar moves on small-caps stocks that were almost intrinsically worthless, and the price would shoot up 50 - 100% or more, then settle back down over time to less than where they started. But the move up often happened after after the bad news came out, which makes no sense at first, until you realize the market is a guessing game, and you're the one doing the most guessing: What do THEY know that you don't?)
Regards,
Larry the Cheerful |
