Trader by Nature

14th July 2008, Monday

Dear Friends and Colleagues

Dow fell 130 points on friday, consider better than in its early trade which fell 200 over points. almost towards the closing of the day, it went up to unchanged but can't sustain the selldown in the end. I believe the government is trying to support its market.

9.00 - 12.30

Anyway, there is a positive effect on asian stock market today in the morning. Japan opens down merely 20 points in the morning. Dow futures up 110 points at 10.30am while hong kong up 130 points at the moment. our market opens down 2 points but most counters just trade within range bound. no volatile counters trading at the moment.

2.30 - 5.00

at 3pm, major regional market such as hong kong, japan and singapore fell. hong kong fell from up 100 over points in the morning to drop 150 points. japan is not much better from hong kong up 100 points in the morning and now drop 20 points. singapore is 1.3 prcent drop. dow futures is now up 70 points from 100 over points up in the morning. Gamuda went up at 11.50am from 2.52 to closed for lunch at 2.59, highest 2.61. it went up to 2.61 again at 2.40pm but immediately retrieves to 2.57.

klci drop 6.3 points at closing. Dow futures up only 67 points at the moment. hong kong down 170 poits while ftse up 1.7 percent. Gamuda went up .12 to close at 2.6. it eats up very fast at 2.58 and went straight to 2.61. it has denied any plans to privatise the company but lets see how this counter will move tomorrow. probably i will enter day trading. WCT went up in last few seconds from unchanged at 2.88 to 2.95 up 0.07. it is interesting to see how this counter will move tomorrow. will monitor its warrant B as it didnt move today.

posted by Chong Kok Wai @ 7:23 PM