EOD Update (12 July 2006)

MTDINFR hit a high of 1.52 today before breaking down in the last 15 mins of trading. It went as low as 1.41 before bouncing back to 1.43 and finally closing at 1.42. Buyers quickly reappeared and replenished the buy queues after massive dumping from the 1.50 level sent it as low as 1.41 ... will have to see what happens tomorrow. I suppose this is one of the risks of going into stocks which are quite clearly being ramped. No problems... goes with the territory.

Latest purchases:

MTDINFR: +5,000 (1.45), +3,000 (1.47) ... Total 8,000

LIONFIB: +1,000 (2.90) ... Total 1,000 (Testing...)

Latest disposals:

OILCORP: -1,000 (1.72) ... Balance 16,000 (sacrifice to the gods... doesn't seem to be working though)

RHB: -2,000 (1.29) ... Balance 10,000

MUHIBAH-OS: -2,000 (0.16) ... Balance 0 (too few to bother about, will go for the IPO instead)


/ichithekiller