AdBrite

Monday, June 11, 2007

Market Up, And Still Going UP

Straits Time3545.46+53.87(+1.54%)
SENSEX 14083.41+19.60(+0.14%)
UOB Sesdaq 237.78+3.78(+1.62%)
KLSE Comp 1357.66+5.27(+0.39%)
Nikkei 225 17834.48+55.39(+0.31%)
Hang Seng 20615.49+106.34(+0.52%)
Dow Jones 13424.39+157.66(+1.19%)
KOSPI 1716.56-10.72(-0.62%)
SSEC 3995.68+82.54(+2.11%)

As expected, the rally was well deserved. Looking ahead according to the index above, Kospi took a healthy correction amidst up trending movement by its asia's counterparts. DJ after experiencing 3 black crow formation may go reversed and form a 3 white soldier technical formation in candle stick charting. Looking ahead, tomorrow most probably another white candle stick gaping up.

Amongst the top actives, Lottvis' interest was overwhelmingly felt as target price was shifted up for this counter. Look out as tomorrow, it is most likely to gap at about $0.65. Jade, CSC, BBR and Yongnam continue to be in play in the actives. The IR is not inviting any company for the tender but things are looking pretty much the CSC and Yongnam way. Yangzijiang may correct a little tomorrow before clearing $2 resistance later this week.

Bought 8 lots of CSC today at average price of $0.37 and 8 lots of lottvis at $0.335. Sold all 6 lots of StraitsAsia at $1.40 with a approximately $300 profit. Disposed Oculus at $0.22 as it seems to have actually thrown into a selling position which closed at $0.205. Tomorrow may see Oculus to $0.185 level if there is no interest generated again. However, still holding on to 11 lots of Jade at $0.130.

ARC Market Pulse Portfolio
Counter Qty Buying Price Current Price Cost Value
GlobalTest 3000 0.25 0.265 776 795
Acma 8000 0.13 0.135 1066.4 1080

The capital value of initial investment of $3000 has the above paid up holdings with totalled to $1875.00. Cash amount is currently at $1947.20, a near $1,ooo capital increase less than 2 weeks. That is profit making for you.

I am extremely tempted to sell all my funds because the average ROI is touching 25%. I believe I need to hold on as the uptrend is constantly renewing itself and forming new support. SSEC and HSI as well as holding on well thanks to the Chinese government's attempt to cool their market. Sell signal may not even occur maybe until late September before the onwards accumulation ahead of the Capricorn effect.

Any opinion herein is made on a general basis and is not an inducement to trade.

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