“No matter how strong a bull may be, there is a time when it gets tired”, I said in my article “How Much Bull Can you Take”. My sentence reflected the market situation last week. (Behold, for my next trick I shall make Chirac disappear!) I mentioned that the bullish trend would continue and it is going to be a week of correction. It wasn’t exactly a correction of the magnitude I’m still [...]
Posted in Analysis
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Tagged KSE, MCB, PTCL
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Needless to say, a stock market is a very interesting playground; things change quite quickly and decisively. A few days ago we saw a bearish trend in the market and now the trend has changed to bullish. These were the levels and prices where everyone was selling and leaving the market; now, everyone’s back on the wagon again, everyone wants to buy and make money.
Last week the bullish trend continued. The In [...]
Posted in Analysis
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Tagged Bear, Bull, CFS, FDI, Goldman-Sachs, IPO, KSE, Lackson-Tobacco, LSE, MCB-Bank, Merrill-Lynhc, NBP, NIT, Pakistan, Philip-Morris, Stocks
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