Now that the strong rally in local market post GE XIII comes into a more meaningful correction; many may ponder..."Is this the end to the rally?"
At this juncture, I view the correction as something anticipated and healthy; just when I said "I won't chase into high prices", I still feel comfy holding onto stocks because of the reasonable entry prices of my position.
Some may argue that the return of retailers may pose risk to the market, However I see this as a main catalyst to drive stock prices higher next...expect correction along the way.
Although my profits came off quite a bit from the peak of around RM25,000 in less than 2 weeks, I don't see the need to take profit as yet.
I'm still hopeful of a big rally (perhaps a superbull) to take place this time around...hence, it's a hold for me. Nevertheless, readers have to be aware that the investing in penny can be tricky at times, as in you should not simply buy into any rumour-milled stocks without considering the financial strength of the stocks. Not time yet to simply buy and simply make (profits).
I suspect we are still at early days of a big rally, until some game-changers start to make appearance, it's a buy and hold market. Of course, it's never harmful to take profit on significant upside...something like 50-100% returns in days, otherwise a 20-30% gain (like MBMR-WA and Marco-WA) won't excite me.