AdBrite

Saturday, July 28, 2007

Music Stop, Most Can't Find A Place To Sit

Straits Time3492.70-87.03(-2.43%)
SENSEX 15234.57-541.74(-3.43%)
UOB Sesdaq 287.26-8.22(-2.78%)
KLSE Comp 1355.38-26.12(-1.89%)
Nikkei 225 17283.81-418.28(-2.36%)
Hang Seng 22570.41-641.28(-2.76%)
Dow Jones 13362.45-111.12(-0.82%)
KOSPI 1883.22-80.32(-4.09%)
SSEC 4345.36-1.10(-0.03%)

Global market sentiment edgy and water are choppy ahead. However, I do see a mixed market or a slight recovery on Monday as blue chips are reporting earning. Based on the market statistics, company's earning should surpass expectation as after-crash feeling remain cautious. Upside in sight, but overall market should be mixed.

ARC Market Pulse Portfolio

Counter Qty Buying Price Current Price Cost Value Profit
GlobalTest 3000 0.25 0.295 776 885 109
Lantrovis 5000 0.175 0.275 901.5 1375 473.5
Jade 5000 0.2162 0.385 1081 1925 844
PSC Corp 8000 0.155 0.135 1267.2 1080 -187.2
Stratech 8000 0.085 0.09 707 720 13
BakerTech 5000 0.53 0.44 2653 2200 -453


While, portfolio maintained at a ROI of $799.30. Quite remarkable during this few days of blood bath and turbulence. Well, BakerTech looking attractive ahead. Jade remain quite unpredictable as it has been suspended by most broking house. Lantrovis held its gain steadily ahead as news of rights issue are getting near. Portfolio's value dropped to $8185 with portfolio average cost of $7385. Cash on hand was decreased to $3800 after taking loss from LC Dev as property counter took a beating.

Long term stock holding of Comfortdelgro was trashed to $2.08 which presented a very attractive buying opportunity to dollar cost average. Sembcorp held steadily $5.80 after hitting all time high of $6.25 during midweek.

Funds' ROI is foreseen to be trashed to ROI of 18 - 19%. Uptrend still can be expected as market around the whole took a tumble. Although Wall Streets are currently looking bleak, indices like STI, SSEC, KOSPI and SENSEX should recover as investors from the west seek refuge in Asia's exposure.

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

No comments: