EOD Update (1 Oct 2007)

Song: 记得 (Ji De) By: 张惠妹/阿妹 (Zhang Hui Mei a.k.a A-Mei)



Haven't really made many trades recently, just waiting to see if market volatility will die down a bit, while slowly setting aside more cash. Unfortunately, many "value" counters which appeared after the recent correction have already rebounded substantially, so, bad luck ....

LIONDIV rose another 50c to hit a new record high of 12.10 today. ACB has now changed its name to PARKSON to reflect its core operations post-exercise with LIONDIV. PARKSON tried rallying again today in tandem with LIONDIV but closed up 3c only at 2.20 after hitting a day high of 2.25 earlier.

Today was also a historic day of sorts for ICAP which crossed the 2.00 mark for the first time and closed at 2.02 (day high 2.04). This steady, quiet counter has appreciated more than 100% from the first time I picked it up on the day of its listing. Up till now I have not sold a single unit of it, despite all the intermittent market corrections and numerous people asking why I didn't sell it just before these major corrections. Looks like my faith in it is being rewarded. If things continue to look OK, I intend to keep all of it for 5 years or even more.....

RCECAP has been recovering nicely and now all my buys in it are back in the black. Looks like there's still sufficient upside to warrant hanging on to it.

Latest disposal:

NATBIO: -5,000 (1.30) ... Balance 15,000 (Missed the chance to cash out at a profit, doesn't seem very active now. Ah, might as well have more cash ready for a switch).


/ichithekiller