Trader by Nature

11th July 2008, Friday

Dear Friends and Colleagues,

Dow was up yesterday 80 over points eventhough most of the finance counters were down. The Fed chief assures that the government of US will do its best to prevent vollatility in the financial markets, in which they strongly opposes during our intervention in ours when 1997 financial crisis looms. Anyway, whether they can achieve what they promised is an interesting development to follow.

9.00 - 12.30

Japan opens down 120 points in the morning. our market is up 6 points in the early trade but the volume is still pathetic. More counters were up at the mment 160 against 100 counters. Airasia continues its upward journey although retrieves in the morning to .87 but went back up a few minutes later to .905. it stayed at .895 at 10.20am currently. Lionind is also up at the moment staying at 2.42 at 10.20am lowest done 2.4 and highest 2.44.

At half time, our market is up 9 points while japan is up 40 points and hong kong 300 points up. Ramunia is a fresh one to look at today. It went to 1.5 weeks ago but drop back to 1.4 this week and went up again to 1.5 for 2 days. today, it managed to break 1.55 and is closed at 1.58 up .07. It helped pull its warrant A up .06 to 1.17. Similarly, it is the highest level done in several months. Lionind broken its independence today and skip higher than lionind. It jumps .04 to 1.25 an interesting counter to look at today.

2.30 - 5.00

Market continues to move upwards highest 16 points in the afternoon. at the moment 3.44pm, it is still up by 13 points. Japan down 20 points but hong kong up 200 over points. Dow futures at one point was up 20 points but at the moment it is down 14 points. Ramunia is staying at 1.57. Resorts rebounded today to 2.65 up .06. Kinstel up .05 to 1.38. eden up .035 to .47 highest .485.

posted by Chong Kok Wai @ 7:12 PM