Will this be a better day?

I think the Macquarie's report disputing the number of serviceable planes of Transmile blew the whistle for speculators and weak holders to drop the share like a bomb. A huge loss of RM1.20; even though it gained twenty sen today on the opening bell. Now the ball is at Transmile to disprove the contentious report.

Macquarie similarly upgraded Genting with potential news that it will soon lists its oil business The shares have been re-rated to RM11.00. The market is not taking the bait. After losing 20 sen yesterday, it only managed a meagre 5 sen increase this morning. Maybe it takes sometime for fund managers to digest this before appropriate action is taken.

Generally the index is down taking the cue from Wall Street.


Quote of the Day:

"You will discover that you have two hands. One is for helping yourself, and the other to help others."Audrey Hepburn

Heartsong