Imminent - Bear TrapFantastic volume of shares changed hands today. Some 2.1 billion shares worth 2.1 billion ringgits, if my calculation is correct. Is this the prelude to a super bull run on the bursa? Or is it the beginning of a bear trap set for today until next Tuesday after Hari Raya?
The CI went down to 1364.14,losing some 8.25 points. Gainers lost to losers 378 to 517. Gainers were Bursa shooting up to high heaven with a 70 sen gain. Widetec turning on with a 32 sen gain; Suncity gaining 25 sen while PLS moved up 20 sen. Going down were UtdPlant by 40 sen;KLK sliding by 30 sen, UAC giving up 38 sen and Astro going off 34 sen.
The portfolio saw AMDB gaining 4.5 sen to 49.5 sen, JAKS adding 2 sen to 1.19 sen and Metronic moving ahead by a sen to 16.5 sen. Meanwhile, Genting lost 20 sen to RM8.15; BJ Sports Toto gave up the ghost losing 10 sen, Welli went bottom fishing and came out short by 4 sen to 97 sen, Resorts lost the bid to RM3.84 losing 8 sen and KHSB slaloming down to lose 3 sen to RM1.00. RCE lost 1.5 sen to 89.5 sen
If the volume continues to be large tomorrow with a downward bias as fund managers pack up to go home, it will definitely be a bear trap. Friday will be a helluva day to buy shares then.
So those who want to play to win, stay patient until Friday evening.
Heartsong
The CI went down to 1364.14,losing some 8.25 points. Gainers lost to losers 378 to 517. Gainers were Bursa shooting up to high heaven with a 70 sen gain. Widetec turning on with a 32 sen gain; Suncity gaining 25 sen while PLS moved up 20 sen. Going down were UtdPlant by 40 sen;KLK sliding by 30 sen, UAC giving up 38 sen and Astro going off 34 sen.
The portfolio saw AMDB gaining 4.5 sen to 49.5 sen, JAKS adding 2 sen to 1.19 sen and Metronic moving ahead by a sen to 16.5 sen. Meanwhile, Genting lost 20 sen to RM8.15; BJ Sports Toto gave up the ghost losing 10 sen, Welli went bottom fishing and came out short by 4 sen to 97 sen, Resorts lost the bid to RM3.84 losing 8 sen and KHSB slaloming down to lose 3 sen to RM1.00. RCE lost 1.5 sen to 89.5 sen
If the volume continues to be large tomorrow with a downward bias as fund managers pack up to go home, it will definitely be a bear trap. Friday will be a helluva day to buy shares then.
So those who want to play to win, stay patient until Friday evening.
Heartsong
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