Monday, August 6, 2007

No Bulls, only Bullshit!


The CI went down to 1290.9, down 44.5 points drop. There was no saviour. As generally expected, it free-fell. Volume of traded shares was 1.3 billion worth a value of 2.1 billion. There were only 60 gainers compared to a whopping 1,016 losers. Among gainers were JTInter which gained 26 sen,Carlsberg up 14 sen and Cepco up 12 sen. Among losers were Digi, Muhibbah and Bank of Commerce.

Stocks in the portfolio fare very badly. Genting eased off 25 sen to RM7.50; Resorts World went down 16 sen to RM3.90 and BJ Toto skidded down 4 sen to RM4.80. RCE dropped 6 1/2 sen to 87 1/2 while JAKS lost 9 sen to 84.5 sen. Welli plummeted another 6 sen to RM1.05, about the lowest for the year. Metronic lost a sen to 20 sen.

To bring back the market we need a stampede; be it bulls, wildebeests or pegasuses!

Heartsong

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