EOD Update (12 January 2007)

First post for 2007! Haven't posted anything for a while partly due to hols and partly due to the worldwide internet problems arising from the Taiwan earthquake. Anyway, my earlier "gut feel" after the short December 2006 correction that several factors had lined up for at least a mini-bull run seems to be holding true for now, despite numerous doom & gloom opinions coming from many fronts. Not sure how long it'll last though ... doesn't matter much to me anyway. Either way presents opportunities to buy or sell different counters.

After a short correction, Nylex made a strong upward move today to re-test its recent high of 1.52, managing to close at 1.51 today, up 12c. If conditions remain right going into next Monday, I rather think it could easily move past 1.52 on to the next level.

IJM-WB made another fantastic move today, hitting a day high of 3.26 from its last close of 2.79. It ended the day at 3.14 (up 35c still). There could still be some upside as the mother share moved up 55c today to 8.25, which is still below several analysts' stated fair values, I've been told.

Latest purchase:

NOTION: +5,000 (0.53) ... Total 5,000

Latest disposal:

IJM-WB: -2,000 (3.18) ... Balance 3,000


/ichithekiller