Wednesday, September 26, 2007

STI up 25 pts to close at 3650

STI close up 25 pts at 3650 with a volume of 2.26 billion. Fantastic run up :P Looks like we might be on track to reach 4100 by year end. In the morning session, STI was quite directionless, bouncing up and down. But in the afternoon session, STI had a sudden spike up. Next stop - 3685?

Swiber had wonderful news announced today. It entered cooperation agreements with petrovietnam construction joint stock company and vietsovpetro joint venture to tap oil and gas market in vietnam. Both companies that work with Swiber are state-linked companies and the agreement lasts for 3 years. Another one of those plans for swiber to establish a foothold in new region, in this case it's vietnam. Again, just waiting for a contract win to sweeten the deal. All is ready except the east wind :P

Swiber today closed up 0.040 at 3.280, with intraday high of 3.320.

GK goh had a lot of selldown today. Big lots of 200,000 and 600,000 are sold at 1.17. But the price seems to be holding well. Bollinger band is tightening but I don't know much about the direction of the impending upswing or downswing. Seems more likely to be up than down. This kind of stocks depend on the market. If it's bullish, GK Goh's investment would do well and a lot of retailers would trade, hence resulting in higher profits. Waiting for dividend from them :)

CSC closed at 0.340 (intraday high of 0.345). Seems to be decisively heading to breakout of bollinger band. We'll know tmr. I want to see CSC break above 0.345 and close above it with high volume (around 21 k volume).

Europe all green, dow at 80 pts. I noticed Dow's is getting less and less volatile, with percentage changes getting narrower. Will STI break all time high tmr? Possible :)

Going to reservist for 2 weeks from Oct 1st to 12th, so might not be able to post anything during that time, except maybe Sat and Sun. Have a strong feeling that I won't be able to observe the construction 'boom' the those counters during these period. I have absolutely no need to worry about my counters, unlike the last time that I went back - a good sign!

Some kind soul pls help me post STI's daily close, including the volume from this webbie. It'll help me a lot to feel the market when I hiatus for 2 weeks. Thks in advance pple!