The Bear Clobbers the Bull AgainWe have prayed for the market to come home. We have seek mercy from God. Now we wait.
A friend told me to watch the market from 4 pm to 5 pm because this last hour can see mass buying or chunky dumping. It all depends of the fund managers as they read the market signals amidst the noise that they are hearing.
The sub-prime mortgage is one never-ending story. Now the additional noise is about the yen carrying trade. Perhaps that's what the stock market is all about. Be able to pick winners and timing entry and exit for profits amidst all the jangling and jarring "noises" in the marketplace.
The morning trading was a complete washout. I believe blue chips were sold off by some funds. This abated in the afternoon. Trading was dull and listless. No strong buying. Mostly attrition buying. Prices are falling off.
My shadow portfolio suffered. I will do the analysis after the 5 pm close.
Market closed at 1333.28, losing 6.2 points. Losers whacked gainers 655 to 292. Volume of shares done was 1.46 billion valued at 2.1 billion ringgits.
My portfolio when market day ended.
Genting added 5 sen to RM 7.90
Resorts added 4 sen to RM 4.08
JAKS added 2.5 sen to 93.5 sen
Metronic lost a sen to 20.5 sen
RCE lost 2 sen to 93 sen
Welli lost 4 sen to RM 1.12
BJ Toto lost 6 sen to RM 4.84
Market is consolidating and if Wall Street is generous tonight, it should advance tomorrow.
Heartsong
A friend told me to watch the market from 4 pm to 5 pm because this last hour can see mass buying or chunky dumping. It all depends of the fund managers as they read the market signals amidst the noise that they are hearing.
The sub-prime mortgage is one never-ending story. Now the additional noise is about the yen carrying trade. Perhaps that's what the stock market is all about. Be able to pick winners and timing entry and exit for profits amidst all the jangling and jarring "noises" in the marketplace.
The morning trading was a complete washout. I believe blue chips were sold off by some funds. This abated in the afternoon. Trading was dull and listless. No strong buying. Mostly attrition buying. Prices are falling off.
My shadow portfolio suffered. I will do the analysis after the 5 pm close.
Market closed at 1333.28, losing 6.2 points. Losers whacked gainers 655 to 292. Volume of shares done was 1.46 billion valued at 2.1 billion ringgits.
My portfolio when market day ended.
Genting added 5 sen to RM 7.90
Resorts added 4 sen to RM 4.08
JAKS added 2.5 sen to 93.5 sen
Metronic lost a sen to 20.5 sen
RCE lost 2 sen to 93 sen
Welli lost 4 sen to RM 1.12
BJ Toto lost 6 sen to RM 4.84
Market is consolidating and if Wall Street is generous tonight, it should advance tomorrow.
Heartsong
No comments:
Post a Comment