Monkey Business As UsualThe sub-prime mortgage is taking centre stage again. Some funds are giving way to liquidation. Concerns are that other funds might do likewise. This has caused the silly guru index Dow to lose 150 points. Looks like its bear mating season now and the monkeys have taken over Wall Street.
So you still wanna play stocks with the monkeys and bears. Think twice. Cash is king.
If this sub-prime keeps popping its head up every so often, best not to play even intermediate term.
Best mode: pun, make some pocket money and flee until the sub-prime pops up again. Play this game. A few select counters will do.
Today, Bursa went weak in the knee and dropped its pants; lost 8 points. Trading mood; mostly over cautious. Like angels, they fear to tread lest their wings get clipped.
I believe the market is in an undecided mode and mood. Look at stocks that are consolidating, glanced at their trading profile for the day before taking a position.
Portfolio stocks analyses.
JAKS, along with KPS and KHSB is trending upwards. It means there is still hunger pangs out there and sufficient pent-up interest left to move this counter up. Observe it carefully as there are collection blocks above 1500 lots to one block of 2800 lots. This is no small game. These buyers know the calculated risks. Generally alot of retail trade about 50 lots and below. Firming up quite well to add 2 sen to good volume.
Genting is better by 5 sen. Nothing to shout about.
The others are off their overnight by a shade or two. Going down slowly is Resorts, perhaps treasury buying rather than supporting.
Heartsong
So you still wanna play stocks with the monkeys and bears. Think twice. Cash is king.
If this sub-prime keeps popping its head up every so often, best not to play even intermediate term.
Best mode: pun, make some pocket money and flee until the sub-prime pops up again. Play this game. A few select counters will do.
Today, Bursa went weak in the knee and dropped its pants; lost 8 points. Trading mood; mostly over cautious. Like angels, they fear to tread lest their wings get clipped.
I believe the market is in an undecided mode and mood. Look at stocks that are consolidating, glanced at their trading profile for the day before taking a position.
Portfolio stocks analyses.
JAKS, along with KPS and KHSB is trending upwards. It means there is still hunger pangs out there and sufficient pent-up interest left to move this counter up. Observe it carefully as there are collection blocks above 1500 lots to one block of 2800 lots. This is no small game. These buyers know the calculated risks. Generally alot of retail trade about 50 lots and below. Firming up quite well to add 2 sen to good volume.
Genting is better by 5 sen. Nothing to shout about.
The others are off their overnight by a shade or two. Going down slowly is Resorts, perhaps treasury buying rather than supporting.
Heartsong
No comments:
Post a Comment