EOD Update (5 July 2007)

Went on a few roller-coaster rides today. HAPSENG which I bought at 3.18 yesterday closed yesterday at 3.10 after hitting 3.22 earlier. This morning it hit 3.22 on high volume before dropping all the way to 3.04, then rising to close at 3.28 again. Phew! Wonder what's happening....

SCOMIEN was up another 9c this morning to 2.56 before slipping all the way to close 4c DOWN at 2.43.

After yesterday's heroic run to 4.60 before slipping to close at 4.34, UEMWRLD fell another 16c to close at 4.16 today. That's a difference of 44c in slightly more than a day.

On a more positive note, my decision to stick to MYCOM / OLYMPIA and their warrants seems to be looking brighter. MYCOM closed 11c up at 1.41 (day high 1.44), so am back in the black on this one. MYCOM-WA put on 9.5c to close at 0.74, just a shade below my cost of 0.755.

However, my far bigger position is in OLYMPIA. Although today it rose 4.5c to close at 0.87 (day high 0.88) it's still some way below my average cost of 1.025. The warrant moved a mere 2.5c to close at 0.405, but I'm a bit better off here since I purchased some warrants near the 0.20 level much earlier (5,000 sold already at 0.475). If only I had been a bit more patient before going in in size for these two and their warrants, I would be in a far better position now. Still, at least it looks like the correction is over and done with.

Latest purchase:

APB: +5,000 (1.99) ... Total 5,000

/ichithekiller