Ferrochina

Today i bought Ferrochina. Was asked by a friend to load up on Friday due to some positive news but i 'ignored' him. hahaha today paid the price for late entry and see a shooting start appearing. :( It is okay to trade on 'rumours and news' even if you are not an 'insider' as long as you have money management in place. It would have been perfect if it can close at its high today but alas...our world class market disappoints as usual.. Let's see if the market sentiments can improve once the Olympic starts...

Portfolio Update

Celestial - Of my entire portoflio, i dislike the technical picture of this counter the most. Every buy-ups are met with strong selling resistance. I will get out if it spike up again.

China Sky - Needs a huge dose of volume to push this stock up to 90c... in the meantime, enjoy sleeping....

Sinotech - UOB Asset Management has been paring down its stake. I guess will have to wait for a while longer...

Strait Times Index - looks weak..and still in a downtrending mode.. we need the sentiments to improve quickly if we are to see a meaningful technical rebound on STI and the overall market...z.z.z.z.z....