Bull Whacked "Fri-13th"

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Oct 13 2006
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DJIA yesterday closed higher by almost 100 points challenging 12,000 level … i expect djia, nasdaq, s&p500 to be within positive territory as these 3 main indexes plus russell, dow transport, semiconductor closed higher by 1% …

couple this with good earning by utility TNB (tenaga nasional berhad) which improved its’ net profit by 52% has ensures the KLCI sustains it’s bullish momentum today … well, i guess Fri, 13th for this round will not scare off the bulls …

btw, i just checked my maybank2u and found that somehow the amount refund does not tally with my application for the recent IPO for StemLife … i tried 10,000 shares but somehow the discrepancies amounted to RM 330.00, meaning i managed to get only 1,000 shares based on it’s offer price of RM 0.33 / share … anyhow, i still need to check with my remisier 1 day before the official listing to confirm the shares have been deposited into my CDS …

actually i like this stemlife as the profit margin is around 50% and the yearly renewal business will almost ensure ever-growing profits … maybe i’ll buy back later at a lower price (hopefully) after i sell it …

hopefully the current bullish trend will remains till i dispose of this shares for some pocket-money for the coming holiday …

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