Tuesday, July 3, 2007

Volatile Market, But Music Is Still On

Well, have not be posting for a few days because have been rather busy. Anyway, after a series of thrashing, global market are able to stand up again after leading Dow Jones performed increasingly positive after assuring words from the Feds. Well, vicious cycle kind of continue as we will be enjoying a few good days and a few bad days. DJ is extremely fragile after its recent fight back. Slight correction should be taking place this Friday.

ARC Market Pulse Portfolio
Counter Qty Buying Price Current Price Cost Value Profit
GlobalTest 3000 0.25 0.34 776 1020 244
Acma 8000 0.13 0.145 1066.4 1160 93.6
Lantrovis 5000 0.175 0.225 901.5 1125 223.5
Jade 10000 0.2162 0.165 2162 1650 -512

As you can see, was compelled to hold 10 lots of Jade. Cash on hand was reduced to $1200 after losing $1550 in the series of contra trades like Yangzijiang, Global Ariel, ASTI and Eastgate. Well, you know what they say, you win some you lose some. Cash on hand at $1000 after using some part of it for purchasing Jade, while portfolio valuation at $4955.00. Initial capital of $3000 was raised to $5000 in light of the purchased of Jade.

I just bought 5 Lots of LC Dev at $0.4 yesterday and 8 lots of PSC Corp today at $0.155. Well, I believe after a certain extend of retreat somewhat today will see this two counters flying for the next two days. LC Dev is believed to be a property laggard while PSC Corp's movement seems show buying on high interests. For Jade, in 30 days time, the news for its deal will probably be announced. Hold it if you can.

Funds are still doing pretty well holding at 21% ROI. The dropped in ROI is largely due to the result purchase of Aberdeen European Opportunity Fund which is currently at a paper loss of 2%.

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

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