Tuesday, January 29, 2008

Murder on the Rebounce!

Smart alecs! They thought they were smart enough to play the Bursa! Well, looks like you win some but lose plenty. The morning rebound was insufficiently elastic to bring gains to punters even though it ended noon on positive territory.

The CI barely made it with a miserable 4.09 points gain to 1384.63. Gainers saw sunlight today beating losers 322 to 282. Volume was sadly down at 384 million shares worth some RM673 million. Discouraging signs of approaching bears.

The board showed T Ocean leading with a 30 sen gain. WCT followed with a fillip of 25 sen and Aeon moved up 20 sen along with CIMA. Petgas lost 20 sen and reduced its price by 15 sen. BJLandBLD Plant slid 14 sen while Kwantas gave back 12 sen.

The portfolio was mixed. Genting managed a 10 sen gain to RM7.45 while Resorts World moved up by an equal margin to RM3.72. RCE and KHSB both moved up 1.5 sen each to 79.5 sen and 85 sen respectively. BJ Sports Toto was unchanged at RM5.10 but Welli declined 1.5 sen to 54.5 sen. Elsewhere, slow coach Metronic lost 0.5 sen to 13 sen. Metronic is one disaster counter to be in this portfolio! Do not have this in your portfolio until it shows bigger profits from their China operations!

Afternoon may see some buying interest.

Heartsong

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