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.
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.
10th July 2008, Thursday
Dear Friends and Colleagues,
Dow had a sharp fall yesterday which I think they deserve. It fell 230 points.
9.00 - 12.30
Our market opens only down 5 points at the moment. Japan rebounded from 100 points drop to positive 13 points. at 11.30am, the index recovered to sightly down 1.8 points. Hong kong also is down a merely 100 over points. Generally, the counters isn't having a big fall as what has been expected.
Lionind continues pushing its prices after early drop to 2.28 in the morning. it continues up .05 to 2.38 at 10.30am.
Spsetia moves to 3.00 after about 2 weeks below 3.0. This pushes up its wb to .47 up .045 at the moment.
With half of the day gone, sentiment seems to turn to be better. Hongkong up 172 points while japan up 42 points. our market is even out down only 0.38 points.
Lionind went up to 2.44 closed at one bid off day's high.
Suncity meanwhile, went to 2.21 highest but closed at 2.19 up .07.
Spsetia is still staying at 3.0 at the moment.
2.30 - 5.00
Markets start retrieving at 3.30pm. Hong kong from positive of 170 points now down to negative 40 points.
Lionind after its impressive before lunch move up now down sharply to 2.39 trading at the moment. not a single counter looks promising at the moment and I will not expect to find one today.
The market volume today is pathetic. less than 300 million shares traded, the worst in years if not decade.
Spsetia stays at 3.0 but its warrant B went up .065 to .49. its warrant came down from high of .65 3 months ago. just monitor how it will move tomorrow.
Airasia surprises me today by moving up to .89 up .045 but closes 2 bids down to .88. I believe it will sooner or later goes back to 1.0.
Eden is the other dark horse today up .03. it has been .38 level for five days already and it is time for them to roll up to .4. whether it will stay here or goes up will be likely to be known tomorrow.
9th July 2008, Wednesday
Dear Friends and Colleagues,
Yesterday US beat the trend worldwide by pushing up its market up 150 points. Well, its another time they try to be big brother and dictate where the world should go. I doubt they can sustain it and the last time they did this few weeks back, the day after they had their market drop for a few days. Lets see whether they can sustain the momentum today.
9.00 - 12.30
Market opens with most counters rebounded. Index up 6 points in the morning. Japan opens 140 points early in the day and increase its momentum to 200 over points midday but loses its steam after that, back to up a merely 33 points.
Hong kong fares much better up 700 points in the morning but retrieves back to up 500 points in the mid day. In the early trade, no counters had significant jump and the worst came from plantation sectors. It is probably due to oil prices drop for the second day. O&G sectors still looking strong currently.
Kencana moved up higher to 1.86 up 0.07 while
YTLPowr up 0.05 to 1.77. It is reported that the government is having a meeting with the
IPP companies. It is interesting to see how the market will react to it. At 11.30am, market still look strong up 10 points at the moment. Not many counters jump up but gainers led
losers 250 to 160.
2.30 - 5.00
market seems up trend at this point down to 9 points at 3pm but pull back up to 14 points at 4pm. hang seng were also bouncing there droping to 300 points up and rebounding to 500 points at the moment. Nikkei wasn't as good up only 19 points. ingapore and London meanwhile up 0.7 percent. At the moment, KPS and Resorts look more promising.
KPS up for the fourth day today and i will unlikely have interest in it.
resorts meanwhile jumps the most today in a month as it increased 0.1 to 2.6.
Lionind also moved well at the moment up .13 to 2.34. it came down from 2.6 a week ago and doesn't look strong today. Just a little rebound after the US rallied yesterday.
As usual, when the market approach towards the end, most of the volume will be transacted here. Market up 18 points and 380 million shares transacted today. Hong kong closed 580 points up, ftse at the moment is 1.16 percent up while dow future down 13 points from 20 points down a while ago. counter most promising on my radar screen is
resorts which went up .12 close 2.62. it might have done 2.64 if not the last moment being thrown 14 lots at 2.62 without buyer at 2.63. It is ye to be seen how Dow will move tonight and how our market is moving tomorrow will be based on the result tonight. My theory is when US is up, its time to be careful and sell the stocks you have on hand for those who play contra.
8th July 2008, Tuesday
Dear Friends and Colleagues,
9.00 - 12.30
Dow was
volatile yesterday up 100 points in the early trade but came down in the middle of the day to about 200 points deficit but in the end recovered back to a 56 points down. Europe closed positive yesterday lead by
FTSE up 1.8 percent. This morning, Japan drop close to 200 points while Singapore drop 1 percent. Surprisingly, our market rebounded today. At 10am, it is 7 points up with majority of O&G counters moving up. After a wild ride in the morning, the market slows down at 10.30am as it turns cautious due to the regional market all retrieving.
Scomi led the way by going up to 0.61 at 9.15am. I have noticed the counter but did not buy until it touches 0.625. At 10am, it is trading at .64. it came back to roll at .625 and at 11 am, it again went back up at .64. after it goes up to .645 while without much buyer insight below at .63 and .635, I sold off to take my profit.
Gamuda continues its up trend today opening up 0.03 to 2.5 but retrieves back to 2.48 before going to 2.54 at 9.40am. It went up a notch higher to 2.6 at 10 am.
Ranhill stayed at .86 from the morning till 11am after which it went up to .88. From its highest point there, it came back down to .86 t close for lunch.
At half day, japan is down 340 points, hong kong 700 points down while dow futures 67 points down. It seems today the market will be bad. News were reporting that Iran is preparing for any eventualities of a war with US.
2.30 - 5.00
Market isn't good probably due to worries that there will be a meltdown tonight in US. Market turns negative 5 points at the moment. Japan drop 300 points, hang seng 740 points, FTSE 2 percent down and dow futures 80 points down at the moment. The only counter looks promising is kencana where it is trading at day's high of 1.8. Unlikely i will enter any counter today.
7th July 2008, Monday
Dear Friends and Colleagues,
9.00 - 12.30
Although Dow is not open for trading on Friday, markets in Europe closed lower such as
FTSE and Paris one over percent down. Japan opens down merely 20 points in the morning while
australia down over one
percent. Hang
Seng is bullish with over 300 points up. The market here has opened with some counters rebounded in the morning. it turns bad at 9.30am from positive 2 points down to negative 9 points in 10.30 am. at 11.30am, market rebounded slightly to a deficit of 6.8 points.
Gamuda opens up jumping over .15 to 2.43 but retrieves back to 2.36 at 10.30am. At 11.30am, it went up again to 2.41.
Transmil also moves positively today. It went to a high of 1.22 in the morning but retrieves to 1.18 at 10.30am. At 11.30am, it again reached new high and this time, touched 1.25 but retrieves back to 1.21 at 12.15am. It is staying at this level after coming down from 1.3 five days ago. It needs to brake this level to be safe.
At lunch,
KlCI is down 7 points while regional market is up. Japan up 160 points,
hong kong up 320 points and
dow futures is up 39 points.
2.30 - 5.00
at 3.30pm, market did not change much from where it was before lunch. It is still 6.7 points down. Hang
seng up 480 points while
nikkei closed at 120 points up.
FTSE at the moment is only 5 points up. Dow futures went to a high of 60 points but came down to 40 points at the moment.
Gamuda is staying at 2.42 - 2.43 with huge transactions done at these two levels. A new report is saying it is going to be taken private.at 4.30pm, it went up a notch higher to 2.45 highest of the day and not retrieving after that. it slowly climbed to high of the day at 2.49. In the end, it close down to 2.47. i have missed all the points of entry. anyway, my boss entered it at 2.48. He says the current market is tough to make. well, he says he is losing all these past few weeks. Sigh
4th July 2008, Friday
Dear Friends and Colleagues,
It has been a while since i last update my blog and I find it quite difficult for me to engage on my
writing and looking at the counters at the same time but I will do my best. Today, US will be celebrating the 4
th of July and its market will be close for the day. Yesterday, the only opened for half the day and up 70 over points after a 170 points drop the day before. I still believe they will try to break the 11k points level.
9.00 - 12.30
Worldwide markets open sideways without much
sell down while japan is still down at the moment for its 11
th day.
Hongkong after down for 400 points yesterday were up 170 points at 12pm. Our market had the biggest joke of the century yesterday while being closed for the whole day yesterday due to some technical problems. It
duly dropped this morning to its lowest level of 29 points in the morning. it is still staying at deficits of 27 points at 12pm.
MRCB dropped to its lowest levels in 2 years to .965 lowest and currently stays at .975 at 12.pm. I am looking forward to buying this counter if it rebounds.
Spsetia is also a counter I would watch. It dropped from 3.5 couple of weeks ago and as high as 4.2 2 months ago to current price of 2.77. It may be a bargain.
Parkson also down much these few weeks from month high of 5.9 and two months high of 7.0 to current lowest done 4.24. It is rolling at 4.4 at the moment 12.15pm.
At lunch break, Bursa still down 29 points while
nikkei down 110 points.
Hong kong meanwhile is up 200 over points and
singapore is merely 13 points up. US tonight will not be open so, it might be a good time to enter stocks. Anyway, everything will be depending on how the market will move later on as there will be a rally coming this
sunday and the uncertainty of the political situations.
2.30 - 5.00
other major markets were mixed with japan down 30 points,
hongkong up 230 points, china down 1.5 percent, and
taiwan drop 2.2 percent. Our market is into its 3rd minute and it still is sliding down to 30 points deficits. At 4.14, market rebounded to down 17 points from its lowest of 33 points down. Although the index was up, most counters are few bids up from lunch closing. the only bright counter is
KPS which is up .15 at 4.16pm. it rolled at 1.85 only to push up just seconds ago. it continued its journey to high of 2.0 at 4.24pm but came down sharply to close at 1.92 without much volume.
MRCB is at its day high of 1.0 up from .98 just now. it went to .97, .965 after lunch before moving up bid by bid to 1.0 it is currently standing. it went up to a high of 1.01 but came down to close at .995 in the end.
Resorts started the trend moving up from 2.53 went to roll at 2.54, 3.40pm where i hesitated to enter. it went straight up to 2.61 high but came back down to 2.56 close.
Spsetia meanwhile came up from 2.75 at 3.pm up without much volume to stay at 2.83 but close high at 2.85 during closing.
The market closed down 19.5 points where it reached 22 points down minutes before closing. it went to a highest point of 16 points deficits. Europe market wasn't good with London down 1 percent and others with equal drop as well. I did not enter any counter today and opt to wait and see. It is difficult for me to make much money at the moment as i need more bids up to
breakeven than others who buy more than 100 k per counter.
