Friday, July 20, 2007

Home At Last!

After four days in the wilderness, Bursa is home and in loving arms!

Chan Mali Chan
Hey Hey, Chan Mali Chan Hey Hey, Chan Mali Chan ketipooo payung .... Jubilation. Yes, there is firming all round. Buying is more broad-based and volume has gone up to 1.6 billion shares worth RM2.2 billion.

There were good gains ranging from 30 sen upwards to 75 sen. Losses meanwhile were capped at 40 sen. Leading the gainers were Lion Diversified with a gain of 75 sen. Must be some great news here. Boustead upped 67 sen and the quiet Oriental Holdings popped up and gerak langkah with a 50 sen gain. UMW lost 40 sen, Keladi; 26 sen and Transmile; 20 sen.

Is the portfolio better in the afternoon? Except for Resorts, some gains were trimmed though. JAKS ended off its high of 85.5 sen to end at 83.5 sen, making a gain of 4 sen (Volume: 181,645 lots). KPS gained a sen to RM1.74 (Volume:50,433 lots) while RCE was again at its overnight level of RM1.05 with 45,076 lots changing hands. BJ Toto added 2 sen to RM5.00; possibly via Treasury buying. Kiasu counter? AMDB also ended at its overnight level of 39.5 sen. Tak ada support lagi-keh... Kenapa??? Merajuk...

Genting is still with the penguins losing 10 sen to RM8.10. I ''see'' a deliberate attempt to push the price of Genting down for some unknown reasons. Metronic is comatose at its overnight level of 23 sen; almost as bad as the day (9 July) it went ex-bonus. Has it become a junk stock?

Welli...Welli...Welli... you are not well at all. You have lost your trousers since the Hadhari indicative share purchase day. Pray tell me, where is your bottom now that you have lost your trousers?

Star Performer is definitely Resorts World. You are being bear-hugged and in loving arms. Macam itulah kawan. It stood firm against heavy selling pressure about 4.30 pm and then it swung back with better gains of 32 sen at the day's close. Viva Muchachos!

Let us look at Taliworks. Added 2 sen to RM2.16. Let us watch this counter as it will benefit from all the waterwork projects. Moreover 19% of its shares are held by KPS.

So all in all, my portfolio seems to be doing alright except for that penguin buddy with the unhappy feet. Hey Frodo, where are you?

Heartsong


No comments: