Monday, November 12, 2007

Beware the Bear!

That is a big wink there!

So the bears won paws down. Wall Street kaputed and world markets went on a harakiri binge. Little baby Bursa, now in Pampers, cried and lost 22.3 points pushing the CI down to 1381.47. Losers were in control lyching gainers 749 to 89. Gainers were strange bedfellows such as MFlour adding 23 sen,Cepco tacking on 20 sen,Asiafile putting on 15 sen and Time earning 13 sen. Losers were Digi down 80 sen,Parkson dropping 55 sen, Tanjong sliding 50 sen along with bellwether Bursa.


Portfolio fell like a batu. Genting shrunk 10 sen to RM7.85, Resorts lost 10 sen to RM3.68 and BJ Sports Toto declined 6 sen to RM4.86. Welli swam to the river bottom losing 2.5 sen to another all-time low of 84 sen while RCE gave back 3 sen to 90.5 sen. Metronic started well but succumbed to selling pressure losing 0.5 sen to 17 sen. Meanwhile KHSB threw out 4 sen to RM1.03.

All is not quiet in the Eastern front. It will be bloody with the sub-prime hydra on the loose in US.

Meanwhile, play safe.

Heartsong

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