EOD Update (16 May 2006)

Another see-saw day, with encouraging last-minute recovery in a broad range of stocks. With so many counters in my portfolio, I had to make a decision to cut some stocks (partly to protect profits, partly to limit potential losses), but later saw some opportunities for selective buying.

OILCORP did not completely tank as I was anticipating. The way it's acting, there could still be another play in the works. Those with guts of steel might be able to make a quick short-term trade on it if it starts perking up again, but remember to set a very tight stop loss and a realistic target price. Most importantly, don't hesitate to act if your target or stop is hit.

Latest purchases:

GHLSYS: +10,000 (0.245) ... Total 30,000

TIMWELL: +2,000 (1.73) ... Total 10,000

IJM-WB: +3,000 (1.01) ... Total 20,000

MAEMODE-WA: +10,000 (0.335) ... Total 10,000


Latest disposals:

PRTASCO: -10,000 (0.955) ... Balance 0

MAEMODE: -3,800 (0.98) ... Balance 15,000

AFFIN: -3,000 (1.73) ... Balance 0

NICORP: -15,000 (0.125) ... Balance 0

KNM: -3,000 (5.85) ... Balance 0

MUHIBAH: -10,000 (1.58) ... Balance 0 ( Am regretting this already...)


/ichithekiller