Many Caught Off Side While 'BB' Buys Back

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ARC Market Pulse Portfolio

Counter	Qty	Buying Price	Current Price	Cost	Value	Profit
GlobalTest	3000	0.25	0.32	776	960	184
Lantrovis	5000	0.175	0.245	901.5	1225	323.5
Jade	5000	0.2162	0.465	1081	2325	1244
PSC Corp	8000	0.155	0.145	1267.2	1160	-107.2
LC Dev	3000	0.6331	0.56	1899.3	1680	-219.3

Well, did bought TMC last Friday which I cut loss today with a loss of $650. Disposed half or 5 lots of Jade today; taking some profit in this highly volatile market. At the same time, 8 lots of Acma were disposed off at $0.145 last week. Kept 3 lots from the earlier purchased 6 lots of LC Dev. This one has a very great potential. Personal target price for this one will be nothing less than $1.00. Will be looking to enter penny opportunity like Advsys, Informatics, Eagles and Teledata. I do foresee another similar correction like Wednesday to take place sometime next week.

Looking ahead, tomorrow may see share prices trading sideways at a very narrow trading band. With the calculating the series of liquidations, cash on hand has increased to $4,550 after deducting the loss from the contra position closed on 5 lots TMC as well as the amount used to purchase 3 lots of LC Dev. Portfolio cost is calculated at $5,925 while it is currently valued at $7,350. The total capital valuation is at $11,890. A slight increase from the modest $8,000 pumped up capital.

Those who joined in the panic selling must have regretted greatly. Just take it as a lesson learnt. As you can see, I m not always correct, just that I am able to hold for a longer while. Anyway, if you have to, buy tomorrow as next week if climb higher will create a higher indigestion. Correction will and must take place between Tuesday and Thursday next week. Do not caught in a "off side trap" position which could end you up in a huge loss.

Sembcorp and Comfortdelgro remain unexcited with all these volatility going on.

My fund holding remained steady at 23% ROI.

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