EOD Update (22 August 2006)

GPACKET hit a record high of 4.00 today, closing at this price as well. Think I will be holding this and my MTOUCHE to see how the GMO listing on AIM pans out. My feeling is that it will be very well-received. Investors and punters on AIM are known to easily value promising growth stocks at several times higher PE's than can be achieved here. So overall, it's a pretty shrewd strategy to list GMO on the AIM... what more with a China theme, which is still very much in vogue.

I've been watching SSTEEL for a while, waiting for a confirmation of its earnings direction. Well it just came in its latest quarterly announcement. Although a chunk of the earnings was from forex gains, it's still a pretty good indicator to me that operationally it has turned the corner. Funny thing is, the market seems to be ignoring it...

After yesterday's strong showing, RHB and UEMWRLD tried climbing again today but fell back close to opening price levels. Trading action still looks ok to me though ...

Latest purchase:

SSTEEL: -5,000 (1.09) ... Total 5,000 (so illiquid...)


/ichithekiller