EOD Update (7 June 2007)

Selamat Pengantin Baru Pak Lah...! Quite a lot of counters moved upward today, despite the CI going slightly south. TAMCORP has been moving steadily for a while now, with the pace picking up recently. Today it underwent a reversal after hitting a high of 98.5c ... closing up 1c only at 92c. Candlestick chartists have a name for this kind of pattern, though I don't know what it's called, I know they think it signifies a top has formed. Let's see if it pans out that way, this will be an interesting observation. Anyway, I have been disposing slowly with only half my original position left. With an average cost of 30c, I think I can afford to give it a bit of latitude, though I'm certainly not gonna argue with the TA experts out there. Maybe I should unload a bit more and just hold 1/3 of my original position for the time being.

NATBIO has come down to my original cost again, after a sudden surge to 1.66 last week. I consider this (rightly or wrongly) to be an accumulation pattern and will be looking to increase my position if overall conditions are right.

Meanwhile, TEKALA is continuing its move. Today, it surged to add on 18c to close at 1.25 (day high 1.29, +22c), strongly surpassing the April 2007 high of 1.18 and December 2005 high of 1.25. Perhaps it was due to the bullish article which appeared in StarBiz today. You can check out this article here: http://biz.thestar.com.my/news/story.asp?file=/2007/6/7/business/17941473&sec=business

Latest purchases:

LINGUI: +1,000 (2.99), +1,000 (2.97) ... Total 5,000

NATBIO: +10,000 (1.55) ... Total 10,000

Latest disposals:

ANCOM-WA: -10,000 (0.195) ... Balance 10,000 (was forced to sell to protect profit, subsequently rebounded, today closed at 0.285)

TAMCORP: -5,000 (0.735), -5,000 (0.80), -5,000 (0.885), -5,000 (0.95) ... Balance 20,000

MUHIBAH: -1,000 (6.80) ... Balance 5,000


/ichithekiller