Wednesday, May 14, 2008

After Market Report-14/5/2008(11.45pm)


The cash Market was up by 1.2point.

Like i expect most counter in the CI wont be doing so good today including Genting, MAS, Gamuda, Telekom, and others. However i never predict that counters like IOI, Sime Darby, Tanjung(biggest stake in KLCI all Plantation), Kinstel, SSteel(contineu to rally on although some say thay are already overated).

LSteel rise from 0.70 to 0.96! this is a suprise actually no body wasexpecting that.

As i am writting now the US Dow Jones is Up by 120 pionts! Maybe my expectation for a small down fall for this week was a mistake.

However the futures market remain quite high today, ending at 1295. but one thing u must understand is that the volume and open interest is not very high now. So u can guess that the market confident is quite low actually. So we possibly either have a continuous small bull run or a huge bear run!

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