EOD Update (30 July 2008)

Was hoping BANENG would retrace to 65c level, but with the huge jump in the Dow last night, seemed like no chance of that happening. Upon opening, it went to a high of 73c and didn't look like there was a chance of it dropping below the 72.0 - 72.5 range. Luckily I didn't rush in though, cos profit-taking (according to Half Bull) later saw it drop to the 69.5 level before closing at 70c. Anyway, I got hit for another 20k at 70.5c ... not sure whether anymore below that, as my broker has not contacted me yet, will only know tomorrow. If short-term weakness brings it down to 65c then could be a chance to round up position to total 50k. Seems like there is persistent buying supporting this counter, but don't think I've got the guts to play too big with it.

Latest purchase:

BANENG: +20,000 (0.705) ... Total (30,000)


/ichithekiller