Consolidation needs Mendapan LagiLooking at the market opening today in spite of Wall Street's record close, what can one say? Yang baik, tak mahu ikut, bila Wall Street tumbang, ikut pulak. Bloody blind men playing Bursa! Both mad and stupid and then celaka juga, that would be my conclusion. Market is finicky and even if one plays contrarian, you burn your jari as well.
I see no road warrior, no John Maclane and none of the Lord of the Rings heroes. Only Hovid and Carotec-the supplement-nutriceutical wannabes. SAAG is playing Jack in the box this last month, yoyoing up and down. No snags, I hope. Bursa is up though.
So expect market to be range-bound with slow attrition on the popular stocks and bungee drops on rarely traded outsiders particularly from the Second and Mesdaq boards. Not really much selling today. Marginal loses of 10 sen on most counters except for BAT.
Let us look at the portfolio today.
Heartsong
I see no road warrior, no John Maclane and none of the Lord of the Rings heroes. Only Hovid and Carotec-the supplement-nutriceutical wannabes. SAAG is playing Jack in the box this last month, yoyoing up and down. No snags, I hope. Bursa is up though.
So expect market to be range-bound with slow attrition on the popular stocks and bungee drops on rarely traded outsiders particularly from the Second and Mesdaq boards. Not really much selling today. Marginal loses of 10 sen on most counters except for BAT.
Let us look at the portfolio today.
- Genting: RM8.40; down 5 sen - no interest
- Resorts: RM3.82; down another 6 sen
- BJ Toto: RM5.10 - overnight level
- KPS: RM1.71; weakened a sen
- RCE: Overnight level of RM1.03, lost all its gains
- JAKS: Steady at overnight level of 79 sen- tenacious counter
- Metronic: Also at overnight level of 0.245
- AMDB: Dropped 0.5 sen to 40 sen.
- Welli: Up 5 sen to RM1.47 as it is completely oversold.
Heartsong
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