Friday, November 30, 2007

STI up another 1.24%

Dow was still up last night and the party goes on. STI went up another 43 pts (1.24%) to close at 3521 with a volume of almost 2 billion. All the biggies moved up - SGX, DBS, Cosco...could it be that funds are buying up now to window dress their portfolio for the next year? Possibility is there.

A lot of funny stuff happened towards market close. Sudden whack up and whack down to change the closing price - almost as if the BBs are trying to making the candlestick nice, haha! I saw that happening to singpost, cosco, swiber at least. Very interesting :)

Some news to share:

1. Pac andes secretaries resigned. I don't think that's very important to shareholders - it's not as if the CFO resigned. A matter of formality I suppose.

2. Popular is going to release 2H FY08 on 10th Dec. Going to be interesting as I'm doing an FA on it right now. I'm around 50% done so I'll probably post early part of next week, so stay tuned!

3. Lian beng is going to do a share placement of 35 million shares at 0.68. These days, construction companies did a lot of shares placement, possibly to fund their projects these few years. Tsk tsk, don't like it. Lian beng is going to face some selling pressure at 0.68.

Dow is strong, up 147 pts (1.11%) now. Haha, don't be so happy, take this rally as a chance to off load. Don't buy impulsively!

Portfolio loss: -$860

Singpost at $1.090 is so so tempting!!


decipher said...

LP, can u drop me an email? I have an indecent proposal.. keke

i tried searching for your email, not on ur blog leh!