An Uncertain WaitIt is countdown to the New Year 2008 for many. The RM40 per transaction measure will start then. How will the investors react. Will they be buying penny stocks in quantum? Neh! Never! So the pennies are going back to heaven. Like the one sen coins are going back to BNM.
Those who made money have left Bursar. Those who are caught or are still positioning themselves are in for a long wait. Uncertain and fraught with bear-traps at every turn.
The good times will be a long time coming. You may just make money sitting on some hot situationals. The blue chips is overpriced and can fell like Humpty Dumpty at any time. Such is the scenario-bleak and bleary.
With Dow coming down by more than 211 points, Bursa followed suit. As lunch close came, Singapore, Tokyo and Hong Kong were steaming green but ........... Yes, Bursa continued to wallow in maroon mud! The CI fell 15.16 points to 1344.69. Losers knocked down losers 611 to 149. Volume was sliding,this time to 477 million worth 705 million ringgits. The way I look at it, it is again blue chip selling. Low volume but higher value in terms of numbers. Not promising. The trading of Proton to push it up to a mere 8 sen is surely the dastardly work of Khazanah,EPF,Pension Funds, Amanah Raya and SOCSO. Cheap skates!
Gainers were UMNO-linked Magna up 20 sen;Proton elevated by 8 sen;LifeCorp rising 7 sen and Loh and Loh gaining 6 sen. The losers were again led by Digi losing another 50 sen;KLK tumbled 30 sen;and PPB and IOICorp both slipping 25 sen.
Portfolio was fair. BJ Sports Toto added 2 sen to RM4.88 while KHSB added 1.5 sen to 96.5 sen. Welli improved 1 sen to 72.5 sen. Looks like the support is somewhere around 70 sen for Welli. Genting freefall 10 sen to RM7.55 while Resorts dropped 2 sen to RM3.62. Metronic came unglued and lost 0.5 sen to 16.5 sen. RCE meanwhile dropped 2.5 sen to 84.5 sen.
Will the afternoon hold? If the Asian markets can provide a clue, Bursa should be better in the afternoon session.
Heartsong
Those who made money have left Bursar. Those who are caught or are still positioning themselves are in for a long wait. Uncertain and fraught with bear-traps at every turn.
The good times will be a long time coming. You may just make money sitting on some hot situationals. The blue chips is overpriced and can fell like Humpty Dumpty at any time. Such is the scenario-bleak and bleary.
With Dow coming down by more than 211 points, Bursa followed suit. As lunch close came, Singapore, Tokyo and Hong Kong were steaming green but ........... Yes, Bursa continued to wallow in maroon mud! The CI fell 15.16 points to 1344.69. Losers knocked down losers 611 to 149. Volume was sliding,this time to 477 million worth 705 million ringgits. The way I look at it, it is again blue chip selling. Low volume but higher value in terms of numbers. Not promising. The trading of Proton to push it up to a mere 8 sen is surely the dastardly work of Khazanah,EPF,Pension Funds, Amanah Raya and SOCSO. Cheap skates!
Gainers were UMNO-linked Magna up 20 sen;Proton elevated by 8 sen;LifeCorp rising 7 sen and Loh and Loh gaining 6 sen. The losers were again led by Digi losing another 50 sen;KLK tumbled 30 sen;and PPB and IOICorp both slipping 25 sen.
Portfolio was fair. BJ Sports Toto added 2 sen to RM4.88 while KHSB added 1.5 sen to 96.5 sen. Welli improved 1 sen to 72.5 sen. Looks like the support is somewhere around 70 sen for Welli. Genting freefall 10 sen to RM7.55 while Resorts dropped 2 sen to RM3.62. Metronic came unglued and lost 0.5 sen to 16.5 sen. RCE meanwhile dropped 2.5 sen to 84.5 sen.
Will the afternoon hold? If the Asian markets can provide a clue, Bursa should be better in the afternoon session.
Heartsong
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