EOD Update (7 Apr 2006)

Market took a dive in morning trade, led by MESDAQ stocks after Bursa issued caution on IRIS. Ironically, IRIS ended up 2c for the day after first dropping around 24% from yesterday's close ... so what was the point of issuing the caution?

The end result would be (i) syndicates or smart money taking the opportunity to unload at higher prices (ii) the "poor" retail investors capitulating and being shaken out at lower prices when they can't take the pain anymore; and (iii) syndicates/smart money picking up stock again at cheaper prices ... all in a day's work. Thanks for the extra income ... not expected but much appreciated anyway.

Latest purchases:

AFFIN: +3,000 (1.85) ... Total 3,000

TIMWELL: +4,000 (2.05) ... Total 4,000 (went all the way to 2.13, then right back down to cost. Hope it continues dropping to below 2.00 now...)


/ichithekiller