EOD Update (11 August 2006)

All plantation stocks, big to small, closed up today, with the notable exception of KULIM-WB which closed down 3sen at 2.28 ...seems like I made the right decision to get off it for the time being. RSAWIT went up another 7sen to1.61 while ASIATIC rose another 10sen to close at 3.74. IJMPLNT which I had started buying in again yesterday at 1.60 shot up to a high of 1.71 before closing up 9sen at 1.69. Did not manage to build up my position in this counter before today's surge.

SATANG dipped down to 1.28 again, led by a sharp fall in IRIS. While MTDINFR, IPOWER, and CANONE do not seem to be much affected by the direction of IRIS anymore, SATANG is still showing a close correlation. I can't figure this out, since it's got decent earnings and the prospects of significant earnings boost from 9MP-related defence spending. Good thing I decided to take profit on a short-term buy trade in this counter recently, selling out at 1.52 approx ... however, earlier purchases which I held on to are now showing losses which are beginning to worry me. At some point, will have to figure out pain threshold for this.

Latest disposal:

FOCUS: -2,000 (0.365) ... Balance 18,000


/ichithekiller