EOD Update (5 May 2006)
No trades today. I will be taking things easy for a while. Wish you guys (& gals if there are any) all the best.
IJM-WB still continuing its strong move. I am watching LIONDIV closely, it's still not acting very well after its recent correction... same goes for OILCORP. MUHIBAH and JOTECH are still ok, I think ...
/ichithekiller
posted by ichithekiller @ 8:02 PM
2 Comments:
My view is that the China rate hike was totally unexpected, so some people may be dumping Parkson stock as a knee-jerk reaction, on the premise that higher interest=lower disposable income=less retail spending. Personally, I don't think a little rate hike will affect the retail sector in China much, unless it goes thru more than 10 hikes like the US... Also, Parkson has a very strong position there, with a lot of expansion potential still. So I will hold my LIONDIV for now and try to ride through this phase, may even pick up some more if it looks like bottoming...
Oops, sorry long boom, looks like liondiv continued dropping today...
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